 |
Stanton supported the Low Income Investment Fund's successful closing of a $100M “sustainable bonds” offering announced July 31, which will support community development projects across the US.
Ten times oversubscribed, offering proceeds will be earmarked to refinance a host of affordable housing, education, health and community projects across the country.
The debt issue is the first nonprofit community development financial institution bond to align directly with the United Nations’ Sustainable Development Goals.
Since 1984, LIIF has invested more than $2.5B and leveraged over $12B in private capital to create “better places for families to live, work and thrive,” said Daniel Nissenbaum, CEO.
The latest offering marked a significant milestone for LIIF in accessing capital markets, according to Nissenbaum. “It broadens our investor base, helps manage interest rate rise and will enable LIIF to finance more critical community-serving projects,” he said.
The proceeds will create/preserve housing in low-income DC neighborhoods at risk of gentrification; housing/early childhood education and non-profit space in San Francisco’s Mission District; a federally qualified health center in New Orleans and mixed-use development (housing, grocery store/health center/retail) in the South Bronx.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
Have a comment? Send it to 
No comments have been submitted for this story yet.