We'll ask Tom about venture fund investment and the role
of Middle Market companies which were featured in both the State of the State and State of the Union this week.
Prior to rejoining, Mr. Fink helped create CorePointe Capital Finance, a specialty finance company focused on the capital needs
of middle market companies, in July 2010, and co-headed the Company while also serving on its Investment Committee.
Prior to rejoining, Mr. Fording helped create CorePointe Capital Finance, a specialty finance company focused on the capital needs
of middle market companies, and co-headed the Company while also serving on its Investment Committee from inception in July 2010.
Not exact matches
Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability
of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost
of accommodating, announced increases in the build rates
of certain aircraft; 6) the effect on aircraft demand and build rates
of changing customer preferences for business aircraft, including the effect
of global economic conditions on the business aircraft
market and expanding conflicts or political unrest in the
Middle East or Asia; 7) customer cancellations or deferrals as a result
of global economic uncertainty or otherwise; 8) the effect
of economic conditions in the industries and
markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution
of key milestones such as the receipt
of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation
of our announced acquisition
of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability
of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk
of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production
of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts
of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak
of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact
of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition
of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect
of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect
of changes in tax law, such as the effect
of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations
of or guidance related thereto, and the
Company's ability to accurately calculate and estimate the effect
of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability
of raw materials and purchased components; 23) our ability to recruit and retain a critical mass
of highly - skilled employees and our relationships with the unions representing many
of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment
of interest on, and principal
of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness
of any interest rate hedging programs; 28) the effectiveness
of our internal control over financial reporting; 29) the outcome or impact
of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition
of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result
of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks
of doing business internationally, including fluctuations in foreign current exchange rates, impositions
of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.
It would certainly hurt the daily life
of American
middle - class people, and the American
companies, and the financial
markets.»
We might be losing $ 50 million per day today because our pipelines feed the
middle of North America as opposed to the coasts, but when
companies were selling the idea
of more pipelines right into the heart
of the now - discounted mid-continent
market, they did so on the basis that we'd make millions
of dollars per day taking advantage
of a growing
market premium.
When Dick and Mark started City Capital, they admit that they didn't have a concise business plan, but the one thing that they did know was their niche
market of middle -
market companies and how they were going to bring extreme value there.
The performance
of the Apple Watch has so far been
middling, the
company recently retrenched its autonomous driving ambitions, and the iPhone itself is getting squeezed in a crowded smartphone
market.
Omar Allam is a former diplomat and global entrepreneur who currently serves as CEO and founder
of the Allam Advisory Group, a global trade consulting firm that advises
companies with international
market entry / expansion across the Americas, Europe,
Middle East, Africa and Asia - Pacific.
They advise owners and management
of private and publicly held
middle market companies, typically valued between $ 25 million and $ 500 million with merger and acquisition advisory, capital formation for executing leveraged buyouts and ownership recapitalizations, as well as executing corporate financial restructurings.
Finally, and perhaps most interestingly, Jurich's choice to forgo owning a car puts her right in the
middle of the same trend her
company hopes to ride to
market dominance.
As usual, those most severely impacted will be the
middle market companies far outside
of the limelight, but the implications are substantial.
Shares
of defense
companies tend to outperform the broader
market when the United States takes military action in the
Middle East, history shows.
Nike (NKE)-- Phil Knight's shoe
company stands to benefit from the explosion
of the
middle class in emerging
markets like China and Mexico.
Middle Eastern insiders actually trade the oil
market anonymously and through masked trading
companies for their personal gain at the expense
of lives in their country's military.
The
company focuses on providing professionally managed work force housing to enable
middle -
market renters to enjoy the benefits
of living in Boston at affordable rents.
Bank Leumi Trust
Company of New York already offers a wide range
of state -
of - the - art products and services to its large - and
middle -
market corporate clients.
Among the others who could be out big bucks are the funds
of John Paulson, who made billions betting against the housing
market, and activist investor Jeff Ubben, whose ValueAct fund had been selling shares
of Valeant this year but still owned nearly 15 million shares
of the
company as
of the
middle of 2015.
The facts are not right here, energy is cheap that means the cost
of manufacturing and transporting
of goods is low, food and consumers staples already more affordable, so what if a few American oil
companies going out
of business.the cost
of producing oil in
middle east is less than $ 10 / bl and we were paying more than $ 140 / bl for it, with that huge profit margin the big oil
companies and oil producing nations became richer and the rest
of us left behind, with the oil price this low the oil giants don't want to reduce the price at pump even a penny, because they are so greedy.worst case scenario is some CEOs bonuses might drop from $ 20 million to $ 15 millions I am sure they will survive.in terms
of the stock
market it always bounces back, after all it's just a casino like game.
Source: «Pulse
of the
Middle Market,» a BDO Seidman survey
of 2,201
companies; 88 % with annual revenues
of less than $ 50 million, New York City, 1991
The government
of United Arab Emirates (UAE) started buying the taxis the day after Tesla announced that the
company's vehicles would be available in
Middle Eastern
markets as well.
Significant lenders to U.S. «
middle market»
companies with revenue between $ 50M and $ 2.5 B, BDCs are required to distribute at least 90 %
of all taxable income back to investors.
The Blue Wolf Capital Funds are a family
of private equity funds which focus on transformational investments in
middle market companies.
In the subsequent years, he played a central role in building it into a publicly - traded buyout and mezzanine fund with a portfolio
of over $ 1 billion invested in sixty - three
middle market companies by the time he left in 2002.
Chicago — June 24, 2011; City Capital Advisors, a results - oriented investment banking firm serving the
middle market, announced today that it advised the owners
of Zenith Cutter Co. in the sale
of the
company to the Fisher Barton Group, a transaction led by Tim Coleman and Matt Phillips, both City Capital Managing Directors.
This partnership expands the McCain group
of companies into
markets such as Africa, the
Middle East, and more areas
of Europe.
Prior to joining Cerberus, Mr. Miller worked as a Vice President in The CIT Group / Business Credit, Inc. from 1986 to 1998, where he was responsible for origination, structuring and underwriting
middle market loans to distressed
companies and
companies undergoing restructuring and reorganization, and where he formerly served as the
Marketing Manager
of the credit finance division.
We believe this diverse experience provides us with an in - depth understanding
of the strategic, financial and operational challenges and opportunities
of the lower
middle market companies in which we invest.»
James joined Triangle Capital (NYSE: TCAP)-- a publicly traded business development
company focused on a variety
of customized financing solutions including first lien, unitranche, and subordinated debt as well as equity for lower
middle market companies — in 2010.
Ridgemont Equity Partners is a
middle market private equity firm that has provided over $ 4 billion
of buyout and growth capital to closely - held private
companies and new business platforms since 1993.
A 25 - year private equity veteran, Mr. Byrd has been directly responsible for leading the sourcing, financing, acquiring, operating and exiting
of 11 successful Southeast - based, lower
middle -
market companies.
Here, dedicated teams
of experienced underwriters partner primarily with
middle -
market companies to finance assets, improve their capital structure or deploy capital.
TVV Capital was founded in 1997 in Nashville, Tennessee by Andrew W. Byrd, a 25 - year private equity veteran who has been responsible for leading the sourcing, financing, acquiring, operating and exiting
of 14 successful, lower
middle -
market companies.
Prior to founding TVV, Mr. Byrd was a Director and Executive Vice President
of GenCap America (1987 - 94), a Nashville - based management buyout firm where he was responsible for leading the investments
of four successful lower
middle -
market companies.
TSL Europe delivers fully underwritten and creative financing solutions to European
middle market companies in a variety
of industries and across the spectrum
of the capital structure.
The bull
market began when investing in local «Gulf
Companies» became in vogue with Kuwaitis who wished to ride the coattails
of the
Middle East's oil - driven economic boom
of that time.
However, in China the focus and composition
of companies in the
middle market account for a far lower percent
of business services and consumer - focused business.
Currently, George is a Partner at Derby Management, where he specializes in working with early stage and
middle market manufacturing, distribution and service
companies providing a variety
of services including creating financial plans, managing fundraising campaigns, interim financial management, and interim operations and general management.
George has advised numerous
middle -
market companies and large corporations in a wide variety
of industries including manufacturing and distribution, business services, consumer products, retail, transportation, health care, and technology.
China should be attractive to small U.S.
companies, due to the
market's size, rising consumption in the country and an increasing fondness for American products among China's young and growing
middle class
of over 300 million consumers.
Prior to joining Oberon in 2016, Chris was employed by Deloitte and Touche LLC, served as the CFO
of a large, privately held electronics manufacturer, and was a Managing Director
of Kildare Capital, an investment bank, where he focused on financings for
middle -
market companies.
George then moved to FleetBoston Securities (now Bank
of America) where he headed its New York regional corporate advisory group, advising
middle -
market companies in multiple industries on M&A and financing transactions.
Prior to joining Oberon, Jerome held positions as Managing Director
of Albany Capital Resources and Vice President at Sun National Bank, where he consulted with CEOs and CFOs
of lower
middle -
market companies, targeting transactions between $ 5 million and $ 50 million.
He was also a Managing Partner
of Saddle River Capital, a private investment firm, where he was responsible for all aspects
of the investments and acquisitions
of middle -
market companies.
In 2002 he co-founded STL Capital Partners, LLC, which, until 2015, advised
middle market companies involved in various capital
market transactions including private placements
of debt and equity securities, mergers and acquisitions, leveraged buyouts and valuations
of securities, and provided merchant capital in private transactions.
Middle East banks say they are catching up to the global transaction banks, and in some cases winning greater
market share by delivering solutions that meet the specific needs
of companies doing business across the region.
In the public
market, CIT, which provides financing and advisory services to small businesses and
middle -
market companies, sold $ 1 billion
of senior unsecured notes due 2019 at an interest rate
of 3.875 %.
In addition, we work directly with large corporations,
middle market companies, small businesses, municipal governments and many types
of institutional entities to provide solutions - based financing alternatives for the acquisition
of capital equipment and software.
Because the
company has the largest branch network in Puerto Rico, and one
of the biggest in the U.S. Virgin Islands, Banco Popular is capable
of serving customer needs in its primary
markets and in small,
middle and corporate segments.
Further development in European
markets in 2002 included the acquisition
of ingredients business UK
company EBI Foods, a provider
of food coatings and blended ingredients to food manufacturers, supplying the foodservice sector across European,
Middle Eastern and Far Eastern
markets.