Level 36, South Tower, 80 Collins Street. "Macquarie Infrastructure Corporation (MIC)", "The holey dollar: a symbol of innovation", "Macquarie Infrastructure Company Reports 2004 Results", "Macquarie Infrastructure Company Completes Sale of Airport Management Contracts", "Macquarie Infrastructure Company's Airport Parking Business", "Company Overview of International-Matex Tank Terminals, Inc", "Macquarie to Buy Rest of International-Matex for $1 Billion", https://en.wikipedia.org/w/index.php?title=Macquarie_Infrastructure_Corporation&oldid=1147948300, Atlantic Aviation, IMTT, MIC Hawaii, CP&E, This page was last edited on 3 April 2023, at 05:39. Under the terms of the merger agreement providing for the Transaction, a controlled subsidiary of MIP was merged with and into Cincinnati Bell, with Cincinnati Bell surviving the merger as a controlled subsidiary of MIP. In addition, enterprise customers across the United States and Canada rely on CBTS and OnX, wholly owned subsidiaries, for efficient, scalable office communications systems and end-to-end IT solutions. The forward-looking events discussed may not occur. Cincinnati Bell on Tuesday announced the completion of its acquisition by Macquarie Infrastructure Partners, which will take the company private in a cash and debt deal valued at more than $2.9 . Any reproduction, in whole or in part, without the prior written consent of MIC is prohibited. MBL does not guarantee or otherwise provide assurance in respect of the obligations of MIC. Fund Family. Macquarie Aircraft Leasing Services (US), Inc. Macquarie Investment Advisory (Beijing) Co., Ltd. Macquarie Global Services Private Limited. We're hiring engineering managers with experience in high-quality microservice architectures and high-performance team leadership who also have deep familiarity with Linux kernel, virtualisation, storage and networking. Prepare business potential analysis, identify gaps, and create plans to support the achievement of growth targets. Compare how recession-proof Macquarie Infrastructure Partners V is relative to the industry overall. 12-14 Rond Point des Champs-lyses Marcel-Dassault, Macquarie Bank International Limited, Vienna Branch. Level 32, South Tower, 80 Collins Street, Macquarie Bank Limited Representative Office. Macquarie Capital Securities (India) Private Limited. Pursuant to the agreement, each issued and outstanding share of Cincinnati Bell common stock will be converted into the right to receive $15.50 in cash at closing of the Transaction. Our diverse team of experts share their latest thinking. Fund Category. Cincinnati Bell Inc. (NYSE: CBB) (Cincinnati Bell or the Company), today announced the completion of its acquisition by Macquarie Infrastructure Partners V (MIP), in an all-cash transaction valued at approximately $2.9 billion, including debt (the Transaction). "MIP V is meant to be a continuation of the strategy of the previous MIP vintages. The Australian firm is set to formally begin fundraising for the vehicle, known as Macquarie Infrastructure Partners VI, in coming months, said the people, who asked not to be identified . Monday, April 29, 2019. Before acting on any information, you should consider the appropriateness of it having regard to your particular objectives, financial situation and needs and seek advice. MIC or Macquarie has no control over the information on these sites or the products or services on them, and therefore makes no representations regarding the accuracy or suitability of the information, services, or products described on them. Carol Massar and Tim Stenovec host a look back at the best interviews, discussions and more. The Transaction price of $15.50 per share of Cincinnati Bell common stock represents a 101% premium to the closing per share price of $7.72 on December 20, 2019, the last trading day prior to the date when Cincinnati Bell's original merger agreement with Brookfield Infrastructure (NYSE: BIP; TSX: BIP.UN) ("Brookfield") was executed, a 172% premium to the 60-day volume weighted average price up to and including December 20, 2019 and a 7% premium to Brookfield's prior binding agreement to acquire the Company. MKIF 2023 AGM: Overview of MKIF. Investment inquiries. MIMUSA is a member of Sydney-based Macquarie Group Limited. MIC expressly disclaims the adoption or endorsement of any content on any such website. Macquarie purchased the terminal with other undisclosed co-investors. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. Please visit www.aresmgmt.comfor additional information. On September 7, 2021, Cincinnati Bell will mail notices of redemption to holders of Depositary Shares specifying the terms, conditions and procedures for the redemption. Determine whether Macquarie Infrastructure Partners V grew or shrank during the last recession. Start Preamble. Prior performance is not a reliable indicator of future results. T: +61 2 8232 2336 Fiber is the Future. For more than two decades, MIRA has partnered with investors, governments and communities to manage, develop and enhance assets relied on by more than 100 million people each day. Readers are cautioned that these forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause actual results to differ materially and adversely from those reflected in the forward-looking statements. 2018 - Texas Stevedoring was formed and begins operations in Houston, Texas. July 27 (Reuters) - Macquarie Group Ltd's MQG.AX asset management division has raised $6.9 billion for its latest fund dedicated to investing in North American infrastructure, well over its $5 billion target, the Australian bank told Reuters on Tuesday. You are advised to make your own enquiries in relation to third parties described or linked on this site. +1 (212) 231 2638 This site may contain links to other websites operated or owned by entities that are not controlled or owned by Macquarie Group (Macquarie). It has been prepared solely for informational purposes; it is not a solicitation of any offer to buy or sell any security or instrument. MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). ", Leigh Fox, President and Chief Executive Officer of Cincinnati Bell, continued, "This transaction with MIP represents an exciting opportunity to enhance our financial position and expand our resources to better serve our customers. You can sign up for additional alert options at any time. The fundraising was completed as U.S. lawmakers negotiate a plan to spend $1.2 trillion over five years on roads, bridges, ports and other public works projects, with some of the financing coming from private investors. [10] Macquarie Infrastructure Group purchased 50 percent stake in 2006, and assumed full ownership in 2014.[11]. The obligations of these entities do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). Further information can be found on this website or by contacting us. We believe in a workplace where every person is valued for their uniqueness and where different views and ideas are embraced. The Company offers financing, asset management, research, trading, and other financial services. The company is headquartered in New York City. After submitting your request, you will receive an activation email to the requested email address. Referrals increase your chances of interviewing at Renesas Electronics by 2x. Certain Special Opportunities funds ("Ares Funds") managed by the Private Equity Group of Ares Management Corporation (NYSE: ARES) ("Ares Management") have agreed to provide equity financing for the Transaction. MIC's actual results, performance, prospects or opportunities could differ materially from those expressed in or implied by the forward-looking statements. Create your Watchlist to save your favorite quotes on Nasdaq.com. You'll now be able to see real-time price and activity for your symbols on the My Quotes of Nasdaq.com. Some products and/or services mentioned on this website may not be suitable for you and may not be available in all jurisdictions. In addition, any statements that refer to projections of future financial performance, anticipated growth and trends in businesses, and other characterizations of future events or circumstances are forward-looking statements. The pursuit of strategic alternatives has generated proceeds of $52.50 or a 36% premium to the MIC equity price prior to our announcement of the pursuit of strategic alternatives. At Cincinnati Bell Inc, we promise to treat your data with respect and will not share your information with any third party. Macquarie is a global financial services group operating in 31 markets in asset management, retail and business banking, wealth management, leasing and asset financing, market . This information is a general description of the Macquarie Group only. The completion of the Transaction follows the receipt of all necessary regulatory approvals and satisfaction of other customary closing conditions. In connection with the termination, Cincinnati Bell has paid Brookfield a $24.8 million break-up fee. Senior Manager, Communications and Media You can unsubscribe from these emails at any time. A previous Sept. 2018 report from Moody's Investors Service indicates . All statements, other than statements of historical facts, are statements that could be deemed forward-looking statements. 2015 - Ceres and YTI operate under one single management group with Macquarie Infrastructure Partners (MIP) taking a partnership stake with NYK. PORTSMOUTH, N.H., Feb. 12, 2019 /PRNewswire/ -- Macquarie Infrastructure Partners ("MIP") and Wheelabrator Technologies Inc. ("Wheelabrator") announced today that MIP, acting through one of its . It is based on information generally available to the public and does not contain any material, nonpublic information. If you experience any issues with this process, please contact us for further assistance. This underscores the robust and disciplined process that we executed to ensure immediate and maximum value creation for our shareholders. T: +852 3922 4772 Romaine Bostick breaks down the day's top stories and trading action leading into the close. Email regional contact. Cincinnati Bell provides service in areas of Ohio, Kentucky, Indiana and Hawaii. For more information, go to www.mirafunds.com. Macquarie Infrastructure Partners Iii is based out of New York. Sullivan & Cromwell LLP is acting as legal advisor to the Ares Funds. Outside USA, US territories & Canada: (781) 575-2765. A subsidiary of Macquarie Infrastructure Partners has closed the financing for the acquisition of geothermal developer and operator Cyrq Energy and plans combination with recently acquired Hudson Ranch geothermal operations. Referrals increase your chances of interviewing at Canonical by 2x. Importantly, the new transaction price of $15.50 per share represents a 7% increase from our previous merger agreement with Brookfield at $14.50 per share and a 101% premium to Cincinnati Bell's closing per share price of $7.72 on December 20, 2019, the last trading day prior to the date when the original merger agreement with Brookfield was entered into. The Bank Street Group LLC is acting as the financial advisor to MIP, Goldman Sachs & Co LLC is leading the financing arrangements, and White & Case LLP is serving as lead legal advisor. Close Date. [7][8], International-Matex Tank Terminals (IMTT), founded in 1939 and based in New Orleans, Louisiana, is the owner of the largest bulk storage terminal businesses in the United States. +1 (866) 867 6422. Some recent deals include the $2.9 billion acquisition of telecoms firm Cincinnati Bell Inc CBB.N and the acquisition of Utah-based renewable energy company Cyrq Energy Inc for an undisclosed amount. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Macquarie Services (Mexico), S.A. de C.V. 13520 Evening Creek Drive North, Suite 350. MPT is a leading global hospital owner, and our 50/50 partnership with MPT, combined with the 20-year triple net master lease with Steward, ensures that there is strong alignment across all parties with respect to the long-term performance of this portfolio., We are very pleased to have found in Macquarie Asset Management a partner that recognizes the pivotal role hospitals play in US infrastructure, said Edward K. Aldag, Jr., MPTs Chairman, President, and CEO. These documents may be obtained free of charge from the sources indicated above. Our Real Assets division manages over $92 billion of equity across its infrastructure, green investments, and natural assets platforms. Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the "Company") today announced that it has completed its merger with an affiliate of Argo Infrastructure Partners, LP and that units of the Company have been delisted from the New York Stock Exchange. Click the link in the email we sent to to verify your email address and activate your job alert. [5], On January 28, 2010, Macquarie Infrastructure Corporation announced that its airport parking business, Parking Corporation of America Airports (PCAA), had entered into an asset purchase agreement with Bainbridge ZKS - Corinthian Holdings, LLC. Visit the Career Advice Hub to see tips on interviewing and resume writing. MIC expressly disclaims the adoption or endorsement of any content on any such website. Macquarie Asset Management provides specialist investment solutions to clients across a range of capabilities including infrastructure and renewables, real estate, agriculture, transportation . It has been prepared solely for informational purposes; it is not a solicitation of any offer to buy or sell any security or instrument. Established in 1996, Macquarie Infrastructure and Real Assets has approximately US$129 billion of total assets under management as of September 30, 2018. None of the entities referred to in this press release is an authorised deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia). For unit price, resources and distributions, Macquarie Infrastructure Holdings, LLC (formerly Macquarie Infrastructure Corporation). We offer our investors a track record of unbroken profitability. Medical Properties Trust, Inc. is a self-advised real estate investment trust formed in 2003 to acquire and develop net-leased hospital facilities. MIC is not an authorized deposit-taking institution for the purposes of the Banking Act 1959 (Commonwealth of Australia) and its obligations do not represent deposits or other liabilities of Macquarie Bank Limited ABN 46 008 583 542 (MBL). These symbols will be available throughout the site during your session. Create regular reports and present/share with internal stakeholders and distribution partners ; . By providing your email address below, you are providing consent to Cincinnati Bell Inc to send you the requested Investor Email Alert updates. The forward-looking events discussed may not occur. Cincinnati Bell Inc. (NYSE:CBB) ("Cincinnati Bell" or "the Company"), together with Macquarie Infrastructure Partners ("MIP"), today announced an agreement through which a MIP-controlled subsidiary will acquire all outstanding shares of Cincinnati Bell for $15.50 per share in a cash transaction valued at approximately $2.9 billion, including debt (the "Transaction"). Written by MIRA is a business division within the Macquarie Asset Management group of Macquarie Group and a global alternative asset manager focused on real estate, infrastructure . Governor Phillip & Macquarie Tower complex is a premium CBD office complex with a stunning, light-filled lobby that unites the two landmark towers. It invests USD 100 million to USD 600 . In connection with the closing of the Transaction, effective today, trading of Cincinnati Bells common shares has been suspended on the New York Stock Exchange (the NYSE) and Cincinnati Bell has requested that its common shares be delisted from the NYSE. Get notified about new Product Specialist jobs in Helsinki, Uusimaa, Finland. In connection with the proposed acquisition, Cincinnati Bell intends to file relevant materials with the United States Securities and Exchange Commission ("SEC"), including Cincinnati Bell's proxy statement in preliminary and definitive form. NEW YORK, July 21, 2022--Macquarie Infrastructure Holdings, LLC (NYSE: MIC) (the "Company") today announced that it has completed its merger with an affiliate of Argo Infrastructure Partners, LP . Additional information regarding the interests of these participants which may, in some cases, be different than those of Cincinnati Bell's shareholders generally, will also be included in Cincinnati Bell's proxy statement relating to the proposed merger with MIRA, when it becomes available. For more information, please visit www.cincinnatibell.com. Macquarie Investment Management Europe S.A. Macquarie Capital France SA, Niederlassung Deutschland, Macquarie Advisory and Capital Markets South Africa (Pty) Ltd. Macquarie Infrastructure and Real Assets S.A. Macquarie Capital France SA, Sucursal en Espaa, Macquarie Asset Management Europe S.a r.l., Italy Branch. Work with Distributor Account Managers to review/assess quarterly marketing plans and adjust as needed. Certain of the statements in this communication contain forward-looking statements regarding future events and results that are subject to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. This communication may be deemed to be solicitation material in respect of the proposed acquisition of Cincinnati Bell by MIRA. MIC or Macquarie has no control over the information on these sites or the products or services on them, and therefore makes no representations regarding the accuracy or suitability of the information, services, or products described on them. Because Macquarie does not own other railroads, the deal does not need to be approved by the STB. In addition, enterprise customers across the United States and Canada rely on CBTS and OnX, wholly owned subsidiaries, for efficient, scalable office communications systems and end-to-end IT solutions. Macquarie Infrastructure Partners (MIP) and Wheelabrator Technologies Inc. just announced that MIP, acting through one of its managed funds, has completed the purchase of Wheelabrator from funds . Past performance of any product described on this site is not a reliable indication of future performance. Additional risks of which we are not currently aware could also cause MIC's actual results to differ. This information is a general description of Macquarie Infrastructure Holdings, LLC (NYSE: MIC). Helsinki, Uusimaa, Finland, Join to apply for the Software Engineering Manager - Container and Virtualisation Infrastructure role at Canonical. Investors and shareholders are able to obtain the documents (once available) free of charge at the SEC's website atwww.sec.gov, or free of charge from Cincinnati Bell at investor.cincinnatibell.com or by directing a request to Cincinnati Bell's Investor Relations Department at 1-800-345-6301 or investorrelations@cinbell.com. More news. Factors that could cause or contribute to such differences include, but are not limited to: (i) the risk that the proposed merger with MIRA may not be completed in a timely manner or at all; (ii) the failure to receive, on a timely basis or otherwise, the required approval of the proposed merger with MIRA by Cincinnati Bell's shareholders; (iii) the possibility that competing offers or acquisition proposals for Cincinnati Bell will be made; (iv) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived, including the failure to receive any required regulatory approvals from any applicable governmental entities (or any conditions, limitations or restrictions placed on such approvals); (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the merger, including in circumstances which would require Cincinnati Bell to pay a termination fee or other expenses; (vi) the effect of the announcement or pendency of the merger on Cincinnati Bell's ability to retain and hire key personnel, its ability to maintain relationships with its customers, suppliers and others with whom it does business, or its operating results and business generally; (vii) risks related to diverting management's attention from Cincinnati Bell's ongoing business operations; (viii) the risk that shareholder litigation in connection with the merger may result in significant costs of defense, indemnification and liability and (ix) (A) those discussed in Cincinnati Bell's Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and, in particular, the risks discussed under the caption "Risk Factors" in Item 1A, and (B) those discussed in other documents Cincinnati Bell filed with the SEC. Tunnel Hill Partners, the parent company of various operating subsidiaries, has as its investor a fund managed by a member of Macquarie Infrastructure and Real Assets (MIRA). Office Assistant (Facilities, Operations and HR), Restaurant Manager - Boston Harbor City Cruises - The Odyssey, Field Engineer - Multifamily Construction, Customs Compliance (Free Trade Zone) Coordinator, Bank Regulatory Sr. Project Manager (REMOTE), See who Canonical has hired for this role, Express Employment Professionals - London, ON, Develop talent through coaching, mentoring, feedback and hands-on career development, Set and manage expectations with other engineering teams, senior management, and external stakeholders, Advocate and advance modern software development practices, Participate in the engineering process through code and architectural review, Engage with teams at Canonical, the open source community and partners, Work from home with global travel for 4 to 6 weeks per year for internal and external events, You understand modern Linux cloud computing technologies, including networking, storage, containers and K8s, You love developing and growing people and have a strong track record of doing it, You are focused on success and the delivery of timely, high quality software, You have a Bachelor's or equivalent in Computer Science, STEM or similar degree, You have strong written and verbal technical communication skills. Words such as "expects," "anticipates," "predicts," "projects," "intends," "plans," "believes," "seeks," "estimates," "continues," "endeavors," "strives," "will," "may," "proposes," "potential," "could," "should," "outlook," or variations of such words and similar expressions are intended to identify such forward-looking statements. After submitting your request, you will receive an activation email to the requested email address. Email regional contact, Americas In a release this week, Macquarie Infrastructure and Real Assets (MIRA) announced the financial close of the acquisition . Any reproduction, in whole or in part, without the prior written consent of MIC is prohibited. We are pleased to have successfully completed the final phase of the unlocking of value for equity holders, said Christopher Frost, chief executive officer of MIC. About Macquarie Infrastructure Partners MIP is an investment fund managed by Macquarie Infrastructure. Our robust product portfolio includes world leading MCUs, SoCs, analog and power products, plus Winning Combination solutions that curate these complementary products. Outsmart the market with Smart Portfolio analytical tools powered by TipRanks. Cincinnati Bell Inc. To Be Acquired By Macquarie Infrastructure Partners In $2.9 Billion Transaction, http://www.prnewswire.com/news-releases/cincinnati-bell-inc-to-be-acquired-by-macquarie-infrastructure-partners-in-2-9-billion-transaction-301022940.html.
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