tyb
>>7475024, >>7475085 lb Biden/Seneca/ Hirsch/ Seneca Capital
Seneca Capital's Douglas Hirsch dig and associates-All related to GMAC LLC
Lenard Tessler MD - Cerberus Capital Management, LP - GMAC LLC
Lenard B. Tessler Managing Director Cerberus. Mr. Tessler joined the Cerberus Companies in 2001. Prior to joining the Cerberus Companies Mr. Tessler served as managing partner of TGV Partners a private equity firm that he founded. Mr. Tessler served as Chairman of the Board of Empire Kosher Poultry Inc. from 1994 to 1997 after acting as its President and Chief Executive Officer from 1992 to 1994. Before founding TGV Partners Mr. Tessler was a founding partner of Levine Tessler Leichtman & Co. a leveraged buy-out firm formed in 1987. From 1982 to 1987 he was a founder director and Executive Vice President of Walker Energy Partners and he subsequently acted as an independent financial consultant to financially troubled companies in the oil and gas industry. Prior thereto Mr. Tessler practiced accounting in New York specializing in tax. Mr. Tessler is a 1973 graduate of the University of Miami. He received his MBA in 1975 from Farleigh Dickinson University.
http://walkersresearch.com/profilePages/Show_Executive_Title/Executiveprofile/L/Lenard_B_Tessler_100020943.html
Eric Feldstein CFO of NY Life
https://www.linkedin.com/in/ericfeldstein1
J. Ezra Merkin- Bernie Madoff connections.
Non-Executive Chairaman of GMAC (until 2008) one of his funds in Gabriel Capital LP, his $5 billion group of hedge funds became insolvent because a large portion of its assets was invested with the convicted Ponzi scheme operator Bernard Madoff. The fallout from his investment with Madoff has been extensive. He navigated a series of lawsuits without a finding of fraud or knowledge of the scheme, but agreed to repay any fees earned from the investment in Madoff historically. He had to resign a series of positions including his role as Non-executive Chairman of GMAC
He is the son of prominent businessman Hermann Merkin and Ursula Merkin (née Ursula Sara Breuer), both German-born Orthodox Jews who fled Germany prior to World War II to escape Nazism. Merkin's sister is Daphne Merkin, a writer.
From 1979 to 1982, he worked for the law firm Milbank Tweed. He worked at Halcyon Investments from 1982 to 1985. He moved on to Halcyon, a hedge fund run by Alan B. Slifka, his father's friend. There he met Joel Greenblatt, who founded Gotham Capital in 1985, where Merkin worked until 1988, as an analyst and a managing partner in Gotham Capital LP and Ariel Capital LP.
In 1988, he started Gabriel Capital to raise capital, and funnel it to managers in exchange for a fee. By 1992, Merkin was raising money and co-managing securities with and for Stephen A. Feinberg, a manager whose private-equity firm Cerberus Capital Management, later bought controlling shares in Chrysler (80%) and GMAC (51%, at a cost of $6.4 billion), the financing arm of General Motors. Merkin invested his funds into Cerberus and its portfolio companies. His Gabriel fund invested $79 million in Chrysler, $66 million in GMAC, and $67 million in Cerberus partnerships, according to year-end statements. Although Cerberus lost its controlling stake in Chrysler, ultimately, investors in Chrysler and GMC received more than their investment back in proceeds.
In 2005, Cerberus and Gabriel bought a 9.9% combined interest in Bank Leumi, but in April 2009, decided to sell to boost liquidity due to their substantial financial losses in 2008.
Merkin managed Ascot Partners LP, a hedge fund which was valued at $1.8 billion prior to the collapse of Bernard L. Madoff Investment Securities LLC
https://en.wikipedia.org/wiki/J._Ezra_Merkin
GMAC was spit out of the GM bankruptcy as Ally Bank.
April 2009
Financier(Ezra Merkin) Charged In Madoff Fraud
https://www.wsj.com/articles/SB123903070566093099
Cap #3
How the Madoff Scandal Affects the Art World
Art collector and money manager J. Ezra Merkin had invested more than $2 billion with Madoff, both through his own hedge funds and on behalf of such institutions as Bard College, New York Law School, New York University, and Yeshiva University, according to a list of alleged victims published in the Wall Street Journal. Merkin and his funds are currently the objects of several lawsuits, including one filed by New York Law School, which lost an estimated $3 million, alleging “recklessness, gross negligence and breach of fiduciary duties.”
https://www.artnews.com/art-news/news/how-the-madoff-scandal-affects-the-art-world-1257/
sorry for the mess here.
pepe BAD
Dynatrace, Inc sold by Thoma Bravo,LLC: $560.78m-Dec 10
Dynatrace is a software intelligence company providing application performance management (APM), artificial intelligence for operations (AIOps), cloud infrastructure monitoring, and digital experience management (DEM), with products for the information technology departments and digital business owners of medium and large businesses. The company's services include performance management software for programs running on-premises and in the cloud. This software manages the availability and performance of software applications and the impact on user experience in the form of deep transaction tracing, synthetic monitoring, real user monitoring, and network monitoring. The company was acquired by private equity firm Thoma Bravo in December 2014, as part of a corporate group that included Compuware. On July 31, 2019, Dynatrace separated from the Compuware Group and completed its initial public offering (NYSE:DT), with a majority of its equity still held by Thoma Bravo.
https://en.wikipedia.org/wiki/Dynatrace
Thoma Bravo, LLC- see cap #2 for network visual-cap sauce from second link
Thoma Bravo is a leading private equity firm with a 40-year history, including over $30 billion in investor commitments, and a focus on investing in software and technology companies. We pioneered the buy-and-build investment strategy, and we first applied this strategy to the software and technology industries nearly 20 years ago. Since then, our firm has acquired more than 200 software and technology companies representing over $50 billion of value. Our investment philosophy is centered around working collaboratively with existing management teams to drive superior operating results and innovation.
https://www.thomabravo.com/about-us
Thoma Bravo, LLC filed as a Foreign in the State of California on Monday, September 15, 2008 and is approximately eleven years old, as recorded in documents filed with California Secretary of State. A corporate filing is called a foreign filing when an existing corporate entity files in a state other than the state they originally filed in. This does not necessarily mean that they are from outside the United States.
https://www.corporationwiki.com/California/San-Francisco/thoma-bravo-llc/47440549.aspx
u like what ya like but dayum….
Orlando Bravo
Orlando Bravo (born 1970) is a Puerto Rican billionaire businessman, co-founder and managing partner of Thoma Bravo, a private equity investment firm that specializes in software and technology-enabled services sectors.
The 2019 Forbes 400 listed Bravo as the first Puerto Rican-born billionaire, and he debuted at #287
Bravo began his professional career working in Mergers and Acquisitions for Morgan Stanley & Co. In 1997, he joined Thoma Bravo's predecessor firm, Thoma Cressey Equity Partners, Inc. (TCEP.) In the early 2000s Carl Thoma, a co-founder of the firm, allowed Bravo to lead the acquisition of product distribution software provider Prophet 21. It was the first software deal TCEP had ever done, and one of the earliest take-private transactions in the sector. At the time, Bravo noted it fit TCEP's strategy of buying strong franchises in large and fragmented industries. Because the deal happened when lenders were hesitant to provide capital for such deals, the deal took place with almost no dependence on leverage. Bravo brought in the firm's first operating partner to address the issue of the software companies' running on high gross margins with the potential of decent profitability, but were instead often losing money. After three years Prophet 21 produced a return of 4.7x at exit.
This and other deals led Bravo to become a partner at TCEP, when he was 30 years old. At that time he ran the software group at the company.
TCEP became Thoma Cressey Bravo in 2007, in recognition of Bravo's contribution to the firm's success.
In 2008, Orlando Bravo helped form Thoma Bravo, LLC, when the firm changed its name and investment focus
Bravo serves on Brown University's President Council and was a member of Stanford Law School Board of Visitors in 2006. He is on the board of Border Youth Tennis Exchange (BYTE), a charitable organization founded to enhance the lives of children and young adults on the U.S./Mexican border through tennis, education and cross-border exchange. Bravo serves on the UCSF Board of Overseers. Bravo and his wife have helped endow faculty scholar and fellow positions at Stanford University's Sean N. Parker Center for Allergy Research. In April 2019, Bravo committed a $25 million gift to Brown University that will establish two professorships and the Orlando Bravo Center for Economics Research.
In the wake of Hurricane Maria, which devastated the island of Puerto Rico, Bravo donated $10 million through the Bravo Family Foundation's Podemos Puerto Rico Fund. Aid included chartering planes to carry cargo, including satellite phones, water, water purifiers, medicine and diapers. In May 2019, Bravo donated $100 million to the Bravo Family Foundation to promote entrepreneurship and economic development in Puerto Rico
https://en.wikipedia.org/wiki/Orlando_Bravo