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ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Real Estate
Variant Buys Properties Out of Receivership

The real estate company bought 14 multifamily properties that Babcock & Brown put into administration in 2009

Variant Commercial Real Estate LLC has acquired 14 multifamily properties through a court-appointed receivership.

The properties include more than 3,700 units in Texas, Nevada, Maryland, Virginia, South Carolina and Florida, which were owned by Babcock & Brown Ltd. The buildings went into voluntary administration in 2009 until the creditors voted to liquidate the company.

Receiver McKinley Co. has managed the property since August 2011, and will stay in place under Variant.

The real estate company intends to close an additional $500 million in acquisitions in the next 12 to 24 months, especially in the south and southwest parts of the U.S. The company owns multifamily, storage, hospitality and office assets. Terms of the deal were not disclosed.

 

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