O) settled a. NEW YORK, September 06, 2023--Staple Street Capital ("SSC"), a middle-market private equity firm, announced a partnership transaction with members of the Wilkins family to acquire Delaware Valley. Connect Brandon Amtzis Associate at Staple Street Capital. Owens and Hootan Yaghoobzadeh, who are also involved ay Cerberus Capital Management, and board. With over 20,000 white papers, Savvy Investor is the world's leading research network for investment professionals. Dominion voting is owned by its own management and Staple Street Capital. Stephen D Owens Managing Director and Founder. ” IVV, which is BlackRock's largest exchange traded fund, has provided investors with a +25. Regions Greater New York Area, East Coast, Northeastern US. To request an engagement please submit a request through CorpAxe. Founded in 2009 by Stephen Owens, a former Carlyle Group Inc dealmaker and Hootan Yaghoobzadeh, a Cerberus Capital Management veteran, Staples Street invests in companies in a range of sectors. 26 Apr 2023 05:07:01Read on to learn how State Street Corp and BlackRock Inc compare based on key financial metrics to determine which better meets your investment needs. "It is owned by Staple Street Capital and its employees. Cap ital. Dec 9, 2021. 5x. On any given day, Jane Street will be holding about $50bn of securities, much more than many of its fleeter-footed rivals. (representing Staple Street Capital, joining as Director in 2019 after its investment in Dominion in 2018) Stephen Owen is the co-founder of Staple Street Capital. O) settled a. The counterclaim also notes that Dominion CEO John Poulos told Staple Street partner and co-founder Hootan Yaghoobzadeh in December 2020, amid media coverage of Trump’s allegations about the. and Euro area inflation and our expectations, 2006-2026. 49%: $3468835552000: 5376During the previous two years, 961 institutional investors and hedge funds held shares of State Street. let me clear this up. Federal Election Commission records show. (8. Ben is a Senior Operating Executive at Monomoy and works with our portfolio companies on revenue growth and profit improvement. As of January 31, 2023, the average one-year price target for Fox Corporation is $37. Staple Street Capital acquired a 76% stake in Dominion Voting Systems for $38. 6% and 10% of Fox Class A shares in 2021 and 2020 respectively according to filings from Fintel. As of the second quarter of 2023, the New York City-based asset management company BlackRock had total assets under management (AUM) of around 9. Previously, Rashid was a Director at Black Diamon d Capital Management and also held positions at Jefferies, Peachtree Christian Church. Staple Street Capital Managing Director and Co-Founder Oct 2009. BlackRock Inc. Staple Street Capital III, L. Our investment approach is guided by the following principles: Claim: BlackRock, a massive, multi-national investment group, owns both Fox News and Dominion Voting Systems. THE VANGUARD GROUP, INC. Description. But now after a rushed Delaware Corp. BlackRock TCP Capital can also be reached via phone at (310) 566-1000 and via email at [email protected]. “They obviously have a lot of smart technologists, but in their DNA. The Gateway Pundit writes: “On Oct 8, 2020, Staple Street Capital filed SEC Form D offerings and sales amount of. Fees as stated in the prospectus Expense Ratio: 0. Staple Street Capital invests in attractive middle. 09B), BlackRock Inc. Growth of $10,000 chart reflects a hypothetical $10,000 investment and assumes reinvestment of dividends and capital gains. Consumer Staples: 34. 8 million. Claim: Blackrock owns Dominion Voting Systems sharesBlackRock has 45. The co-founder of Staple Street is ALSO a… Show more . Primary Organization. PennantPark Investment, a. Business Wire. 25 Apr 2023 23:21:28Long-term Capital Market Expectations: Brighter Times Ahead (Franklin Templeton Investments) Franklin Templeton | 13 Dec 2022. Fink was a member of the Management Committee and a Managing Director of The First Boston Corporation. ($936. Shaun Fitzgibbon Principal. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. ”But more than half of that is represented by the three largest fund issuers: Vanguard, BlackRock (NYSE: BLK), and State Street (NYSE: STT). Edit Related Hubs Section. BLACKROCK ALTERNATIVE FUNDS S. Dynamic industries. Acquisition Type Leveraged Buyout. The settlement was a huge windfall for New York-based Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems. equities in the consumer staples sector. BlackRock Investment Stewardship insights hub. In a shocking new revelation from Infowars and The Gateway Pundit, the company that owns Dominion Voting Systems — Staple Street Capital — reportedly received $400 million in October 2020 from the Chinese. degree from Harvard Business. Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. gross domestic product. Dominion Voting Systems is a leading provider of election tabulation hardware and software solutions in the U. The iShares U. LYNWOOD CAPITAL MANAGEMENT, INC. This is markedly different from the fragmented actively managed mutual funds industry characterized by centrifugal market forces – there is no. Top Investor Types Micro VC , Hedge Fund , Fund Of Funds , Venture Capital , Private Equity Firm. P. Phone Number 212. Updated July 14, 2021 11:12 am ET. See Steve Owens's compensation, career history, education, & memberships. Mid-States Supply voluntarily entered into. 42 trillion in assets under management as of June 30, 2023. ”This year, Staple Street Capital, a New York-based middle-market private equity firm, and Dominion’s management team bought it out. The Chairman was general counsel. Benjamin Humphreys is Former Operating Partner at Staple Street Capital. S. Owens and Hootan Yaghoobzadeh, who are also involved ay Cerberus Capital Management, and board. Listen. Kennard, who also sits on the Board of Directors for Ford Motor Company, MetLife, Duke Energy, and Staple Street Capital, the private equity firm that is the sole owner of Dominion Voting Systems,. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. 2SV Capital LLC 2x Consumer Products Growth Partners 3 Rivers Capital, LLC 340 Partners, LLC 354 Partners LLC 4C Capital, LLC A&M Capital Advisors, LLC Acacia Partners, LLC Access Holdings Management Company LLC Acon Investments, L. Chung worked at Bregal. 26 Apr 2023 04:44:40Thomas is a Vice President at Staple Street Capital. Find out the direct holders, institutional holders and mutual fund holders for State Street Corporation (STT). DUBAI, UAE, March 20, 2023 /PRNewswire/ -- King Street Capital Management ("King Street" or "the Firm"), a leading global alternative investment firm, has established an office in Dubai, expanding. The table below reflects the performance of all active PE partnership investments as of March 31, 2023. position, ordered by largest to smallest position size. 1 Million shares of CISO Global Inc. What does BlackRock own? BlackRock is the parent company for the iShares group of ETFs, the largest global provider of ETFs. Crowell founded Vance Street Capital, a private equity partnership, to acquire and grow California based, middle market companies in partnership with operating management. We invest in companies that are seeking to pursue untapped market opportunities, enter or exit markets, make acquisitions, reposition certain business lines and. 1 BlackRock derives the majority of its revenue from investment advisory and administrative fees charged to its clients. S. Please note iShares MSCI World Consumer Staples Sector UCITS ETF has an upcoming EGM pertaining to a benchmark change - please click on this link for. 1290 Avenue of the Americas Fl 10, New York City, New York, 10104, United States. Austin Security and Investigation Solutions reportedly investigated the SEC filings of Staple Street Capital, which acquired Dominion Voting Systems in 2018, the Gateway Pundit noted on Tuesday. Prior to founding Staple Street Capital, Mr. 2:36 PM · Apr 25, 2023 Last year, for example, BlackRock, Vanguard and State Street supported a successful effort to shake up the board of Exxon Mobil by installing new members who promised to take climate change more. ($867. Take-private transactions. -. 05%) Capital International Investors (3. 30. S. Although there is a Chinese bank and investment firm named ‘UBS. April 18 (Reuters) – Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. Among BlackRock's major competitors are The Vanguard Group, State Street. . BlackRock, Inc. Also Known As Steve. Staple Street’s involvement started years earlier, with a buyout deal so unremarkable it was not covered by the mainstream business press. Mr. Our investment approach is guided by the following principles:Our success. About Staple Street Capital. Kennard, who also sits on the Board of Directors for Ford Motor Company, MetLife, Duke Energy, and Staple Street Capital, the private equity firm that is the sole owner of Dominion Voting Systems, was appointed Chairman of AT&T’s Board of Directors on Nov. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. What does BlackRock own? BlackRock is the parent company for the iShares group of ETFs, the largest global provider of ETFs. Location New York, New York, United States. 1 BlackRock derives the majority of its revenue from investment advisory and administrative fees charged to its clients. Updated July 14, 2021 11:12 am ET. Reorganizations / recapitalizations. SEC / JURISDICTION. See Hootan Yaghoobzadeh's compensation, career history, education, & memberships. Complex and special situations. Dominion is privately held and does not disclose its financials. With 26 years of experience and access to professional resources such as analysts and lawyers, our advisors are prepared to make informed financial decisions about your. Global ETF assets could explode to US$25 trillion by 2025, according to estimates by Jim Ross, chairman of State Street’s global ETF business. 2% return year to date and is +29. “It is owned by Staple Street Capital. BlackRock is one of the world’s preeminent asset management firms and a premier provider of investment management. 2% stake in Dominion Voting Systems in 2018 for $38. 8 million, unaware that Denver-based Dominion would become a household name within just a. Team. 18%) Vanguard Group, Inc. Hootan Y. Cornell University. Staple Street Capital, majority owner of Dominion Voting Systems, backed a high-stakes defamation lawsuit against Fox that produced a $787. For more information, please visit. The No. The firm has $900 million in assets under management and invests in attractive middle-market companies with. Sep 15, 2022. 38. RT @Timestwo13: Babs, Dominion Energy is a utility company, NYSE symbol "D. In. 28 (-0. The co-founder of Staple Street is ALSO a Carlyle alumni. 4, 2022 /PRNewswire/ -- South Street Securities Holdings, Inc. Overview. 9/30/2023. Prior to joining Staple Street, Mr. By Pamela Geller GellerReport. Owens and Hootan Yaghoobzadeh, are veterans of The Carlyle Group and Cerberus Capital Management,. and. L. 7 million shares in Fox Corp. Weinstein was an investor at TorQuest Partners, where he evaluated middle market private equity transactions across a broad range of industries. State Street (NYSE: STT) is owned by 87. Crowell founded Vance Street Capital, a private equity partnership, to acquire and grow California based, middle market companies in partnership with operating management. The March banking crisis did little to temper profits at Wall Street giants last quarter. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. The. Rashid received a B. The co-founder of Staple Street is ALSO a Carlyle alumni. (2 min) Blackrock’s revenue grew 32% to $4. 02 May 2023 03:39:18The Canada-founded and Denver-based company was acquired in mid-2018 by Staple Street Capital, a mid-market buyout firm co-founded by Carlyle Group and Cerberus vets. " , Statista Inc. “@goddeketal In reference to the reader provided context, correct, Dominion is founded by Canadians who named it after the 1917 conscription law in Canada, but Staple Street is recently listed as a stakeholder, like Blackrock, in FOX. through their private equity venture Staple Street Capital. Find the BlackRock contact and office location nearest you today. Mid-States Supply Company (recapitalization, exited) Mid-States is a leading distributor of pipes, valves and fittings serving the oil and gas, general manufacturing, food and mechanical construction industries. This year, Staple Street Capital, a New York-based middle-market private equity firm, and Dominion’s management team bought it out. Buyout team. Samantha Lee/Insider. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. The forecasts range from a low of $27. 3 million in 2018. 09B), BlackRock Inc. 7 million shares in Fox Corp. 5 million windfall after Fox Corp settled a defamation lawsuit brought by the voting machine operator. Staple Street Capital, created by former executives of Carlyle Group and Cerberus Capital in 2010, held a one-and-done final close on its third fund on $520 million. 5 million windfall after Fox Corp settled a. 1 Day NAV Change as of 13/Nov/2023 0. Prior to joining Staple Street, Mr. The payer of the $400 million was UBS Securities LLC, which is a subsidiary of Swiss investment bank UBS. +1. A. Blackrock’s revenue grew 32% to $4. 56. C. , representing 15. and throughout the workforce, and effective human capital management. Yaghoobzadeh and Owens have past ties to the Soros-backed Carlyle Group. On July 16, 2018 Dominion Voting Systems (“Dominion Voting”) announced that was acquired Staple Street Capital, a private equity firm. Percentage of Public Organizations 33%. Company Type For Profit. companies choose to make on environmental and social. BlackRock owned 11. 20%). Hootan Yaghoobzadeh, co-founder of Staple Street Capital, the private equity firm that owns Dominion Voting Systems, joins CNBC's Eamon Javers on 'Squawk Box' to discuss Fox's $787. 26, 2020 . BlackRock has partial ownership in both Dominion Resources and Fox News Corporation. 50. 27 to a high of $48. 38M), Invesco Ltd. About Staple Street Capital. 9%). I want to learn more about BlackRock. Previously, Mr. In 2018, Dominion publicly announced it had been acquired by its management team and Staple Street Capital. BlackRock has 45. S. Add to Compare. A. The co-founder of Staple Street is ALSO a… Show more . ”NEW YORK, June 26, 2023--Staple Street Capital ("Staple Street Capital" or "SSC"), a leading middle-market private equity firm with approximately $900 million of capital under management, is. 25 Apr 2023 22:19:54RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. Founded in 2009 by Stephen Owens, a former Carlyle Group dealmaker, and Hootan Yaghoobzadeh, a Cerberus Capital Management veteran, Staples Street invests in companies in a range of sectors. Owens was a Managing Director at The Carlyle Group where he was a member of the firm’s U. As of March 31, 2023, the since inception Net IRR is 11. Senator Warren and Representative Pocan, along with a number of their Democratic colleagues, introduced the Stop Wall Street Looting Act, a comprehensive bill to reform the private equity industry. Staple Street Capital is a leading private equity firm with approximately $900 million of capital under management and invests in market‐leading businesses where there are transformational. Ambassador to the EU and former chair of the FCC; Jon L. sold $400 million in securities to UBS Securities Co. BlackRock Inc. Benjamin Humphreys is Former Operating Partner at Staple Street Capital. -listed ETFs that are classified by ETF Database as being mostly exposed to those respective sectors. Yaghoobzadeh spearheaded and oversaw a series of defamation lawsuits against the. ’s custody that amount to about 2% of the Boston-based firm’s fee revenue, a State Street executive said Wednesday, a. Staple Street Capital, a leading private equity firm with approximately $900 million of capital under management, invests in market‐leading businesses where there. Photo: Getty. BlackRock's. Jack Eichner, a spokesperson for Dominion Voting Systems, also said the claim is baseless. Poulos also said that he owns 12 percent of the company and that no other investor owns more than a 5 percent. 30. NAV as of 13/Nov/2023 USD 5. Dominion’s CEO and co-founder John Poulos owns about 12% of the company. A. Staple Street Capital is a private equity firm founded in 2009 based in New York. U. Prior to joining Staple Street Capital, Mr. Staple Street Capital, which bought a majority stake in the voting machine maker for just $38. S. Andre Ohnona is Principal at Staple Street Capital. Data reveals crucial role of BlackRock, State Street and Vanguard in climate crisis. S. Dominion Voting Systems and Dominion Resources are two completely unrelated companies. Hootan Yaghoobzadeh, co-founder of Staple Street Capital. “Blackrock does not own any shares of Dominion Voting Systems,” Isabela Velasco, a spokesperson for Dominion Voting Systems, told Reuters via email, adding that Staple Street Capital has a. They… Show more. Dominion Voting Systems is a separate company with. Private Equity Senior Associate at Staple Street Capital New York City Metropolitan Area. The company's share of the settlement with Fox. Larry Fink is known for his decades of experience leading BlackRock (NYSE:BLK). Staple Street Capital LLC acquired a roughly 76% stake in the voting technology company in 2018 for $38. Links to the BlackRock and Vanguard voting policies for 2022 are below. Mr. BlackRock Inc. Claim: China Bought Dominion Voting Systems for $400 million in October 2020. sycamorepartners . The co-founder of Staple Street is ALSO a Carlyle alumni. . In a statement emailed to Lead Stories on April 25, 2023, a spokesperson for Dominion denied that the company is owned by BlackRock: This is false - Dominion is not owned by BlackRock--Dominion is owned by Staple Street Capital and its employees. The co-founders Stephen D. Learn More. . Previously, Andrew was an Associate, Sponsor Fi nance Group at CIT and also held positions at Roxiticus Golf Club, Antares Capital. . ’s. , 31 Mar 2023,. Market value: $202. 3 million in 2018, stands to make an astounding 1,500 percent return on that deal. We invest in companies that are seeking to pursue untapped market opportunities, enter or exit markets, make acquisitions,. 2019-04-10 - BlackRock Inc. Staple Street Capital is a New-York based private equity firm that invests in middle-market businesses. 09. 27%)Staple Street Capital and Dominion's management team acquired Dominion in 2018, according to a news release. Previously, Stephen was a Managing Director at The Carlyle Group and also held positions at Dominion Voting Systems, RAC Acceptance. 3-month fund flows is a metric that can be used to gauge the perceived popularity amongst investors of Energy relative to other sectors. It's primaries are Stephen Owens and Hootan Yaghoobzadeh. On Saturday, Chris Krebs, the director of the Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency, urged Americans to stop spreading baseless claims that minor vote counting issues indicated fraud. staple street capital wiki › Verified 6 days agoKansas City, Mo. filed an SC 13G/A. ”It is not clear how much Staple Street stands to receive after legal taxes and fees, but the $787. The hospital had been established in 1771. I don't know what involvement Blackrock has in either, but I don't think they own both company's. SEC 10/08/20 they’re expecting $800 million. is an American alternative investment management company based in New York City. 3 million the New York-based private equity firm paid in 2018 to acquire a 76. Prior to founding Staple Street Capital, Mr. In a statement emailed to Snopes, a representative for Dominion Voting Systems told us that the voting company is owned by the investment group Staple Street Capital, as well as its. “It is owned by Staple Street Capital. Previously, Kevin was a Business Development at Platinum Equity and also held positions at New York Life Insurance, The Stagwell Group. Combined, BlackRock, State Street and Vanguard are the largest owner in 88% of the S&P 500 companies, according to a paper published Tuesday by the American Economic Liberties Project, a group. Staple Street Capital, which bought a majority stake in the voting machine maker for just $38. Staple Street Capital Group LLC, the small buyout firm that owns Dominion Voting Systems, has scored a $787. 23M shares representing 12. 6% and 10% of Fox Class A shares in 2021 and 2020 respectively according to filings from Fintel. Vanguard Group Inc is the largest individual State Street shareholder, owning 38. At the time, the private equity firm valued the technology vendor at $80 million, or. Staple Street Capital is a private equity firm that invests in middle market businesses where we can partner with motivated and proven management teams to create value. BlackRock has 45. The co-founder of Staple Street is ALSO a… Show more . Hedge Fund Portfolio Manager Performance 23Q3 AUM # of Holdings Performance Rank Allocation ; BlackRock: BlackRock Inc-2. Managing Director of BlackRock Group Ltd and Managing Director/Partner . 9/30/2023. 1 shareholder of Coca-Cola is Berkshire Hathaway Inc. Staple Street Capital has formed an operating executive board. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. Staple Street has $900 million in assets. A. The most heavily invested institutionals were Vanguard Group Inc. See Steve Owens's compensation, career history, education, & memberships. 3 million the New York-based private equity firm paid in 2018 to acquire a 76. 5 million. The Company focuses on business services, chemicals, communications, media, software, consumer, retail. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Staple Street Capital, created by former executives of Carlyle Group and Cerberus Capital in 2010, held a one-and-done final close on its third fund on $520. Hootan Yaghoobzadeh, co-founder of Staple Street Capital: I remember the first dinner we had with John. ”“The absolute answer is yes. ’s. 1 Day NAV Change as of Nov 17, 2023 -0. During his tenure at Carlyle, He co-founded the firm's Global Consumer & Retail Group, was a senior member of the firm's Global Communications & Media Group, and executed and oversaw. RT @TheNickyMo: Okay now I found a REAL connection between Blackrock/Vanguard and Dominion. S. With approximately $900 million of assets under management, Staple Street Capital invests in attractive middle market companies where we can partner with management to create value. . That sum alone would mean trillions of dollars more for BlackRock and. Gender Male. 50. The Fox settlement was nearly 10 times that amount and far. After its recent purchase, BlackRock remains the third-largest institutional. The settlement came just as. Kama joined BlackRock’s Institutional Client Business as a Graduate Analyst in 2016, in which she provided support in relationships with sovereign wealth funds, insurers, pensions and endowments. B. He also served as Board Member at Aaroma Holdings. Staple Street Capital Ii-a is a large advisory firm with 4 clients and discretionary assets under management (AUM) of $956,019,697 (Form ADV from 2023-03-30). (NYSE: UBS) and lead investor BlackRock (NYSE: BLK), brings iCapital’s total funding to date to over. " Regulatory filings (archived here ) show BlackRock does have a stake in Dominion Energy, a power company based in the US state of Virginia. The combined assets of BlackRock, Vanguard and State Street account for about 82% of the S&P 500’s market capitalization, about 25% of shares that voted in director elections at S&P 500. See Phil Taub's compensation, career history, education, & memberships. Hootan Yaghoobzadeh is a Co-Founder and serves as Managing Director at Staple Street Capital. S. 0 percent ownership of the company. O) settled a defamation lawsuit brought by the voting machine operator. EFFECTIVE DATE; SEC:40 East 52nd Street New York, NY 10022 BLACKROCK 2019 EVERGREEN PRIVATE OPPORTUNITIES CAYMAN MASTER LTD. Staple Street Capital is a leading private equity firm with approximately $900 million of capital under management and invests in market‐leading businesses where there are transformational. 16. Founded in 1988, initially as an enterprise risk management and fixed income institutional asset manager, BlackRock is the world's largest asset manager, with US$9. ”Phil Taub is Snr Associate:Investment at Staple Street Capital. Take a look. “Biden’s sister. 6 February 2014. Fox News settled Dominion's defamation lawsuit on Tuesday for $787. Vanguard Group Inc's State Street shares are currently valued at $2. 5 million. Rashid Lattouf is a Managing Director at Staple Street Capital based in New York City, New York. They are not affiliated with BlackRock our Vanguard. Osler, Hoskin & Harcourt LLP represented Dominion Voting Systems with a team consisting of Chad Bayne, Justin Dharamdial, Brian Gray, Horatiu Porime, Jeremy Lin and Miju Damodar (Corporate), Dov Begun and Paul Seraganian (Tax), Richard Borins. " That's what Blackrock owns a part of. LinkedIn View on LinkedIn. B. Hyslop was a Vice President at Cerberus Capital Management. Syracuse, NY. Ukrainian President Volodymyr Zelenskyy and BlackRock CEO Larry Fink agreed to coordinate investment in rebuilding Ukraine, Kyiv announced Wednesday following a meeting between the two men. C. The CEO of Staple Street Capital, (which owns Dominion Voting) Hootan Yaghoobzadeh is a veteran of the Carlyle group, the second largest private-equity firm. Staple Street Capital, a private equity firm in New York, is the majority owner of Dominion. He attended Harvard Business School. from Tuck School of Business at. Images below: Why did Staple Street Capital also scrub this URL and page from their live website? Image below: Link: Staple Street may be the biggest winner. 5 million windfall after Fox Corp (FOXA. BlackRock, on the other hand, is a publicly traded entity, so it prioritizes making money for its shareholders. 38M), Invesco Ltd. Mr. One of Wall Street’s most prominent names may be cashing out of his own company. In 2007, Mr. The average price target represents an. Blackrock own 59m shares of "Dominion Energy". ("South Street") is pleased to announce the completion of the sale of $90 million secured.