The Rise Of HGGC And Where This PE Firm Is Now

California-based private equity firm, HGGC, was founded in 2007 by Steve Young, Richard Lawson, and Lance Taylor. As three titans of industry, Young, Lawson, and Taylor had a firm understanding of what was expected of them as they pursued this undertaking. All versed in the dynamics of investing, Young, Lawson, and Taylor married their insight with their intrigue to develop what’s now one of the leading middle-market businesses in the industry. Armed with an industrious team of financial specialists, HGGC’s services run the gamut from recapitalizations to add-on acquisitions. They’re also proficient in leveraged buyouts and platform investing.

Seeking partnerships with founder-owners, management teams, and sponsors, HGGC feels like these individuals hold the most potential to transform into renowned portfolio companies. Collaborators to the core, HGGC’s team of experts strive to build harmonious business relations with their valued clients. Some companies they’ve recently invested in include AIMC and Integrity Marketing Group. Though Young, Lawson, and Taylor are exceedingly proud of the progress their corporation has made, they hope to extend beyond their North American roots within the foreseeable future. According to Young, their desire to diversify into an international corporation fuels their motivation.

While HGGC has performed exceptionally well in their domain, that doesn’t mean they’ve been without their setbacks. In 2016, the company was under fire for allegedly falsifying test results at one of their subsidiary companies, Citadel Plastics. A. Schulman, a supplier of plastic compounds, called Young and his colleagues out after acquiring Citadel Plastics three years ago. As the MD, the onus was on Young to keep this scandal under wraps. Unfortunately, A. Schulman ensured that wouldn’t happen when they filed a lawsuit. HGGC is still reeling from this three-year-old controversy. Fortunately, the company’s honorable repute was only temporarily sullied, and they continue to thrive in their field.

https://craft.co/hggc

What New Residential Investment Corp Is Trading At

There’s always been a risk that comes with buying into either commercial or residential mortgage backed securities (RMBS), especially since the fallout of the housing market in 2008. Nonetheless, there has been interest in the publicly-traded New Residential Investment Corp (NYSE: NRZ) whose shares showed some growth recently even as the S&P 500 index in the market was struggling. While its shares may be down over a year-to-year period, there’s still reason to like where the company is headed. Now could be the right time to buy into the real estate properties and mortgage security sectors with confidence in the Trump economy still fairly high.

New Residential Investment Corp understands how changes and risk adjustments have to be made to offset losses, a lesson Bear Stearns,Lehman Brothers and Merrill Lynch may have learned the hard way. New Residential Investment Corp is a fairly new mortgaged-based real estate investment trust (REIT), and it was previously formed under Newcastle but became independent in 2013. They are loosely tied to Fortress Investment Group through a separate management agreement, but they’re independently traded on the NYSE. In 2017, they bought out Shellpoint Partners, a varied mortgage servicing firm that offers origination and is authorized as a Fannie Mae and Freddie Mac seller.

New Residential is currently run by CEO and Chairman Michael Nierenberg, Chief Financial Officer Nick Santoro and Chief Accounting Officer David Schneider. Along with RMBS, New Residential Investment Corp also offers Servicer Advances, Excess Mortgage Servicing Rights (MSRs), and in some cases non-performing and reverse mortgages. One reason they’ve built their portfolio in MBSs is because they believe the structure of this financing has changed dramatically since 2008, and they have different leverage options they employ to bring back performance into non performing loans. They’ve also formed the right partnerships across the board that they see as the right strategy for returning high dividends to investor funds.

Sources of the article: https://www.newresi.com/investment-portfolio-comm/excess-msrs

Why HGGC Funded Davis Group

When HGGC announced in 2016 that it was funding the Davies Group, little was known about the deal. Financial analysts were left speculating about the possibility of further funding and even a merger. However, as the years went by, things have since come to the fore. It can now be said authoritatively that the funding involved acquisition of a majority investment stake in the company. The deal saw the managers of Davies retain their job although they would have to change their working strategy.

Using their networks

Because of this agreement, HGGC was going to leverage on the system already created by Davies which is based in London. This company has been delivering third-party administration services to insurance intermediaries. They also offer specialist technical services. Because of their existing customer base, they press more than 170,000 claims every year which translates to about £1.2 billion in annual claims. These claims include casualty, motor, property, and other classes of niche insurance.

A worthy deal

Although the details of the sponsorship were initially scanty, it later emerged through an announcement from Davies showing that they were thrilled to partner with HGGC. The company said that they hoped that this new frontier would present them with better business opportunities. They were aiming at growing their business through a new model that has prompted the signing of the deal. Specifically, the company wanted to add a few more services to their portfolio including specialty BPO services and international expansion. These two services were going to add to the already ongoing M&A strategy.

A statement from the HGGC team, after the completion of the signing of a deal, indicated that this was not an ordinary deal. Co-founder Rich Lawson said that Davies was not a third-party insurance administrator to ignore. He pointed out that they have been at the forefront of the provision of innovative services, and strategy that they also use.

While pointing out that Davies invests heavily in new technology, HGGC said that there would be no better time for a deal between the two companies. He also noted that they have been leading when it comes to new applications, an indication that they are the company of the future.

https://www.marketwatch.com/press-release/colin-phinisey-joins-hggc-to-lead-capital-markets-efforts-and-christopher-guinn-joins-as-executive-director-2018-10-01

A Great Career with Organo Gold

Organo Gold is a market leader in both the wellness industry along with producing various beverages. They make a variety of teas and coffees and other healthy organic supplements. Their mission is to spread the word about Ganoderma. Ganoderma is the latest wonder from China that has shown to have many benefits from helping the immune system, energy levels along with helping the fight against cancer. Organo Gold has a worldwide footprint with the simple but powerful aim of helping people live healthier and more balanced lives.

A career with Organo Gold has enormous potential. Organo Gold is always looking for new ways to empower distributors with new products and the desire to inform everyone about all of the health benefits to their large range of products.

Organo Gold has a proven plan in place to bring you success. They believe in a large support system to enable the greatest success for their employees. Loyalty is one of the company’s pillars, and they support the latest training for everyone working for them. There are periodic distributor and corporate events that bring together the company to discuss the latest developments and share ideas. Only by working as a family can everyone reach their highest potential.

There are many benefits to starting a career with Organo Gold that include a vibrant work environment, health coverage, vacation days and of course all the coffee you can drink. As an Organo Coffee distributor you will have the full support of the company to reach a large group of customers. Distributors are rewarded with a wide range of incentive programs that will maximize earnings. There are thousands of success stories about people who have changed their lives through a career with Organo Gold.

Organo Gold is a fast developing company with access to markets around the world and it is time for you to become part of their phenomenal success story.

 

Mike Bagguley, Barclay’s New Asset for the Investment Bank

Mike Bagguley also known as Michael Roy Andrew Bagguley attended the University of Warwick and received his Bachelor of Science in Mathematics in 1988. Mike Bagguley now holds the position of Cheif Operating Officer for Barclay’s Investment Bank located in London. A position he was promoted to from the head of the macro markets business. Bagguley is tasked with the position to accelerate and leverage the delivery of a strategy that was already in progress for the investment bank’s portfolio. Mike Baggulely has to effectively cut the bank’s cost and improve the bank’s profitability.

Mike Bagguley was also asked to help align infrastructure functions and help coordinate and deliver projects because of his extensive knowledge and background in overseeing the reduction in size and reshaping of the macro market business because it was unprofitable and attempt to streamline the operations. It included interest rates, credit, foreign exchange, and commodity products.

Mike Bagguley also helped turn around the third quarter account with macro markets which makes him a huge asset as the new Chief Operator Officer. He has proven to have great success on showing progress and quickly delivering to clients to improve current relationships as well as creating new business relationships.

Barclay’s goal is to cut back on trading activities so that they can put more focus on others areas, such as equities and advisory because they haven’t been as hurt by the regulation changes. Mike Bagguley is definitely the right guy to take on this position and task for Barclay to get the results they desire and beyond. Bagguley has a proven track record of cutting cost and increasing profits, while still delivering quickly.

I also visited Crunchbase to learn more about him. Mike Bagguley joined the company in 2001 and held senior positions in Tokyo, London, New York and Johannesburg which also makes him a valuable asset because of his experience and knowledge with the company and his diversity in the company gives him greater perspective.
https://www.euromoney.com/article/b12kj140h41gvw/foreign-exchange-barclays-fx-has-its-resolve-tested

Sahm Adrangi and St. Joe Company

Sahm Adrangi and Kerrisdale Capital claim that St. Joe Company (NYSE: JOE) is stuck in the swamp according to its recent report. St. Joe is a real estate development organization that has its central office near Panama City Beach on Florida. The company is valued at $1 billion which Adrangi claims it is too high of a valuation. Kerrisdale capital came up with a 28-page comprehensive report about St. Joe. In the report, Adrangi argues that the company is real value is 40% less the current stated amount. He gave many reasons behind his significantly low value of St. Joe stating that the company has overvalued land holdings. Moreover, Adrangi claims that the company has issues with its largest shareholder as well as stalled commercial development in the location.

St. Joe’s main agenda was to develop a planned ideal place for commercial business including a place for retirees in the Panama City Beach area. The company used a lot of money to purchase a big piece of land and has started developing and monetizing its beach properties. However, there are some of the places on the piece of land that has remained isolated with nothing going on and are not anywhere close to the beach.

According to the report that Sahm Adrangi produced, it shows that there has been minimal progress on the project since it began in the last ten years. He claims that the project that St. Joe had planned is highly publicized and the efforts required to change the organization into its current value are entirely unrealistic.

In addition to this, Sahm Adrangi believes that the company is overvalued because its major shareholder, the Fairholme Fund might have to liquidate some of its shares of the company based on the new SEC rules. According to Adrangi, only few trading days remaining in 2018 and those will not allow Fairholme to sell its shares without affecting St. Joe share price.

There has not been much commercial development around the area of St. Joe and the few brick and mortar stores around are shutting down at a high rate. Sahm Adrangi is the Founder and CIO of Kerrisdale capital.

https://www.crunchbase.com/person/sahm-adrangi

The Freedom Checks Program

The program and term Freedom Checks was first established by a senior analyst at Banyan Hill named Matt Badiali. At first, it looks and sounds like a government program. It’s not a government program at all, nor is it free money. It’s actually an investment strategy, uniquely designed to help investors increase their revenue. The project is a private program that, thanks to certain tax breaks, means companies don’t have to pay taxes on their investments. Read this article at Money Morning.

Freedom Checks is a much better retirement plan than a government Social Security check or a 401k plan. Most 401k plans don’t allow people to save enough to ensure a comfortable retirement. As for Social Security, most people who depend on that are on a “fixed income” and can barely afford to survive. This investment strategy could be a solution to those retirement struggles.

There’s no specific age requirement to be eligible to participate in this program. The amounts of the checks will vary, depending on individual investment amounts. The more a company invests, the more they can expect their checks to be worth. As a result, the payouts are much higher than a Social Security check. Read more at Agora News about Freedom Checks.

The reason for the tax breaks is that it’s actually a Master Limited Partnership or MLP. MLPs are able to avoid paying taxes provided they adhere to certain requirements. In the event that an investor wants to sell their shares, they’re able to do so based on capital tax rates that are less than the federal income tax rates. These investments are concentrated on income, and they typically bear high distribution turnouts. The fundamentals of MLP trading are similar to dividend stocks.

Freedom Checks will pay out over $34 billion over the next month. There are some requirements needed to qualify for the tax exemptions via Statute 26-F. Companies must gain at least 90% of their earnings through the production, shipping, storage and processing of natural resources. They are also required to distribute at least 90% of their revenue to their stakeholders. Companies can start investing in this program with as little as $10.

Qualifying investors can expect quarterly payouts, but some companies will issue them more frequently. Thousands of people in America will be receiving money from Freedom Checks, simply because they took the time to learn about and invest in this little-known program.

Visit: http://www.metropolismag.com/uncategorized/freedom-check/