|Bid||0.00 x 900|
|Ask||0.00 x 1800|
|Day's Range||13.12 - 13.54|
|52 Week Range||8.60 - 28.50|
|Beta (3Y Monthly)||1.75|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 7, 2019|
|Forward Dividend & Yield||0.80 (5.84%)|
|1y Target Est||20.83|
PE Daily: Constitution Forms Real Estate Unit; Carlyle Poaches Och-Ziff Exec Good day! As this week unfolds, some private-equity firms have been busy on the hiring front and not just for their core investment areas.
LLC as part of its plans to expand its credit business, according to a person familiar with the matter. Nicola Falcinelli will join Carlyle’s London office later this year as a managing director, where he will be reunited with former Och-Ziff colleague Taj Sidhu, whom Carlyle appointed in July last year to lead its European credit opportunities strategy. The hires underscore the growing attraction of the world’s largest private-equity firms, which are increasingly able to poach top talent from other financial institutions like hedge funds and investment banks.
As of December 1, 2018, Oz had approximately $32.3 billion in assets under management. On December 6, 2018, the company announced a comprehensive strategic plan that includes a significant equity reallocation by Chairman Daniel S. Och and former executive managing directors to current executive managing directors, facilitates deleveraging of the Company's balance sheet, and converts the Company's tax classification from a partnership to a corporation. Robert Shafir, Oz Chief Executive Officer, said, "We believe the suite of strategic actions we are announcing today solidifies Oz's future, providing long-term stability and setting the firm on a path for continued success.
As previously disclosed by Och-Ziff Capital Management Group LLC (OZM) (the “Company,” or “Oz Management” or “Oz”), in connection with the Company’s previously announced recapitalization and other transactions, the Company announced that it intended to change its tax classification from a partnership to a corporation effective on December 31, 2018 and also noted at such time there could be no assurances that such date could be achieved. The Company has subsequently determined to change its tax classification from a partnership to a corporation effective April 1, 2019 (the “Corporate Classification Date”).
LLC on Thursday revealed sweeping strategic changes designed to distribute power among a wider range of shareholders and help ensure the largest U.S. publicly traded hedge fund remains on firm financial footing. Och-Ziff said Mr. Och and several former managing directors would reallocate roughly 35% of their shares to Och-Ziff’s current directors in a new share class. The hedge fund said it also plans to change its tax classification to a corporation from a partnership by the end of December, becoming the third such alternative asset manager this year to pursue the change, according to Credit Suisse.
Och-Ziff Capital Management Group LLC (OZM) (the “Company,” or “Oz Management” or “Oz”) announced today a comprehensive strategic plan that includes a significant equity reallocation by Chairman Daniel S. Och and former executive managing directors to current executive managing directors, facilitates deleveraging of the Company’s balance sheet, and converts the Company’s tax classification from a partnership to a corporation. Robert Shafir, Oz Chief Executive Officer, said, “We believe the suite of strategic actions we are announcing today solidifies Oz’s future, providing long-term stability and setting the firm on a path for continued success.
North Hudson Resource Partners is financing the expansion of two companies that were previously backed by New York City hedge fund Och-Ziff Capital Management.
Och-Ziff Capital Management Group LLC has reached a $28.75 million class-action settlement with shareholders who said the company misled them about U.S. probes into its involvement in alleged bribery in ...
Vail Resorts has officially added its fifth Colorado mountain to its portfolio. Crested Butte Mountain Resort, located in Crested Butte, Colorado near Gunnison, was acquired along with Okemo Mountain Resort in Vermont and Mount Sunapee Resort in New Hampshire in Vail Resorts' (NYSE: MTN) $74 million purchase of Triple Peaks LLC, according to a press release. Dick Eflin and Fred Rick opened the Crested Butte ski area in the winter of 1962-63, according to a Town of Crested Butte historical site.
Funds including Centerbridge and Och-Ziff Capital Management will inject about 50 million pounds of equity into the business, and maturity of about 2 billion of debt on the balance sheet of BMI and its property arm General Healthcare Group will be extended by six years, the source said. Last year, South African private healthcare operator Netcare (NTCJ.J) had made an all-share offer to buy out minority BMI Healthcare shareholders saying it was making the move because trading conditions "remained difficult" across the private healthcare market.
ROCKVILLE, Md., Sept. 24, 2018 /PRNewswire/ -- Building on Choice Hotels International, Inc.'s (CHH) dedication to the growth of its upscale Cambria Hotels brand, the company entered into a letter of intent (LOI) with an affiliate of Oz Real Estate, the real estate platform of Oz Management (OZM), that sets forth a framework for a co-investment platform to accelerate the development of Cambria Hotels throughout the United States. "The Cambria Hotels brand continues to drive success for Choice Hotels and, as evidenced by signing this LOI, we are attracting some of the largest institutional real estate investment groups in the world. The LOI with Oz Real Estate signals our companies' commitment to the brand through a contemplated 50-50 joint-venture agreement that could result in building as many as 50 Cambria Hotels in strong corporate travel markets," said David Pepper, chief development officer, Choice Hotels.
Och-Ziff Capital Management Group LLC is reportedly targeting raising $2 billion for its largest real estate fund ever. Bloomberg's Peggy Collins reports on "Bloomberg Daybreak: Americas." (Source: ...
Och-Ziff Capital Management Group LLC is seeking to raise its largest real estate fund ever after a period of change for the firm, including new leadership. Billionaire Dan Och’s hedge fund firm is targeting $2 billion for its fourth fund focused on opportunistic property investments as soon as the end of the year, according to people familiar with the matter. New York-based Och-Ziff has also raised about $750 million for a real estate debt strategy and is gathering a $150 million affordable-housing investment pool, which would be exempt from taxes, said the people, who asked not to be identified because the information is private.