San Francisco, CA, United States
San Francisco, CA, United States

Capital Group is one of the world’s largest investment management organizations with assets of around one trillion USD under management. It comprises a group of investment management companies, including Capital Research and Management, American Funds, Capital Bank and Trust, Capital Guardian, and Capital International. The firm was founded in 1931 by Jonathan Bell Lovelace. Wikipedia.


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News Article | June 2, 2017
Site: en.prnasia.com

The transaction would open a new chapter of growth and expansion for the iconic and high-potential French "Maison" HONG KONG, June 2, 2017 /PRNewswire/ -- Fortune Fountain Capital ("FFC"), a prominent Asian financial group established as a family office, today announced an irrevocable offer to acquire 88.8% of the share capital of Baccarat, the internationally renowned French luxury crystal Maison, from affiliates of Starwood Capital Group and L Catterton. FFC would acquire the shares from the Starwood Capital and L Catterton affiliates at a price of EUR222.7 per share (the "Block Purchase"), for c. EUR164m. The closing of the Block Purchase would be followed by the filing with the Autorite des Marches Financiers of a mandatory tender offer for the remaining outstanding shares at the same price per share. At this stage, FFC does not intend to have Baccarat delisted from Euronext Paris. However, depending on, inter alia, the outcome of the tender offer process and what the best interest of Baccarat would call for, FFC may reconsider its position and implement a squeeze-out procedure. The proposed Block Purchase by FFC is subject to the applicable Work Council consultation process in France and certain regulatory approvals in the People's Republic of China. The acquisition by FFC will enable Baccarat to accelerate its strategic international plans, including expansion into emerging markets such as Asia and the Middle East, as well as continued growth across existing developed markets, particularly North America. FFC is committed to investing extensively in Baccarat's core business and supporting the company's development through further expansion into adjacent luxury categories, by fully leveraging its extensive business network in the luxury sector and its close relationships with various prominent families across Asia and Europe. FFC will maintain the entire production and workforce in Baccarat, and honor the crystal makers' two-and-a-half centuries of heritage and perfect craftsmanship. Ms. Daniela Riccardi, CEO of Baccarat since 2013, who has significantly contributed to the company's financial performance improvement during her tenure, with sales reaching c. EUR 148m and EBITDA growing to c. EUR 13m in 2016, will continue to lead the company with the strong support of FFC. The hotel license with Starwood Capital Group's controlled affiliate will be maintained in the framework of a partnership between Baccarat, FFC and Starwood Capital Group. The license to operate and brand Baccarat Hotels has been retained by Starwood Capital Group's controlled affiliate. Ms. Coco Chu, Chairlady of FFC, said: "We have been impressed by the exceptional know-how and expertise of Baccarat's employees. We are convinced that FFC, with its extensive global business network, is an ideal strategic partner to position Baccarat for future growth and value creation. We attach the greatest importance to maintaining this company's 250-year history of excellence, and most notably its "Made in France" identity. We will support the development of the company, relying on Daniela and her talented team, who are best suited to drive Baccarat's upcoming development strategy. It is our firm belief that we will make Baccarat a most recognized icon of luxury lifestyle." Ms. Daniela Riccardi, Chief Executive Officer of Baccarat, commented: "We are very pleased to enter a new phase of our development by partnering with Fortune Fountain Capital. FFC understands and deeply respects the DNA of the brand and its heritage. We share the same vision for the future of our business, especially regarding the expansion into new products and geographies, such as Asia and North America. We will benefit from FFC's financial strength and expertise in these markets, as well as from its extended base of partners and clients in the luxury industry." Societe Generale acted as exclusive financial advisor to FFC, while Clifford Chance acted as legal advisor. Messier Maris & Associes acted as exclusive financial advisor to Starwood Capital Group and L Catterton, while Davis Polk & Wardwell acted as legal advisor. Fortune Fountain Capital is a prominent financial group established by renowned families in Hong Kong and the Mainland China. Its major shareholder comes from the family of Mr. Wang Xizhi, the most famous calligrapher in Chinese history. FFC is active in financial services, wealth management, family office and principal investment, with its business and client portfolio spreading across Asia, North America and Europe. Through its subsidiaries and affiliates, FFC serves a vast network of high-net-worth individuals and distinguished families by offering a wide range of financial products and services, as well as luxury experience and lifestyle services, including high-end travel agency, artwork, private jet charter, golf tournament, etc. FFC seeks to source attractive investment opportunities for its own founding families and family office clients' long term strategic holding. Baccarat is a French luxury brand internationally renowned as a leader in high-end and exclusive crystal products. Since its foundation in 1764, the company, whose artisanal manufacture is based in Baccarat in the Lorraine region of Eastern France, has been synonymous with a unique savoir-faire and has come to symbolize an inimitable French Art de Vivre. For 250 years, the brand has inspired leading designers from across the world. Ranging from iconic lighting to unique tableware and decorative objects, fine jewelry and tailor-made flacons, the brand's products and tradition of excellence are widely distributed around the globe. Explore the world of Baccarat at www.Baccarat.com. Starwood Capital Group is a private alternative investment firm with a core focus on global real estate, energy infrastructure and oil & gas. The Firm and its affiliates maintain 10 offices in four countries around the world, and currently have more than 2,200 employees. Starwood Capital has raised over $40 billion of equity capital since its inception in 1991, and currently manages more than $51 billion in assets. The Firm has invested in virtually every category of real estate on a global basis, opportunistically shifting asset classes, geographies and positions in the capital stack as it perceives risk/reward dynamics to be evolving. Over the past 26 years, Starwood Capital and its affiliates have successfully executed an investment strategy that involves building enterprises in both the private and public markets. Additional information can be found at starwoodcapital.com. About L Catterton  With over $14 billion of equity capital across six fund strategies in 17 offices globally, L Catterton is the largest consumer-focused private equity firm in the world. L Catterton's team of more than 140 investment and operating professionals partners with management teams around the world to implement strategic plans to foster growth, leveraging deep category insight, operational excellence, and a broad thought partnership network. Since 1989, the firm has made over 150 investments in leading consumer brands. L Catterton was formed through the partnership of Catterton, LVMH and Groupe Arnault. For more information about L Catterton, please visit lcatterton.com.


Patent
Capital Group | Date: 2013-12-02

A method for forecasting a residual value of a first vehicle having existent and nonexistent model years is disclosed. Part of the method includes creating a proxy vehicle form a selected one of a plurality of second vehicles for each nonexistent model year within a predetermined time frame with the proxy vehicle having a proxy vehicle identifier, populating an initial database with the proxy vehicle identifier for each nonexistent model year to create a comprehensive database, and converting the proxy vehicle identifier for each first existent model year into a monetary value, and utilizing a processor to calculate the residual value of the first vehicle utilizing the monetary value of the proxy vehicle.


Patent
Capital Group | Date: 2013-01-25

An alternative trading system or platform for allowing a liquidity remover to place an order for the purchase or sale of a security or other commodity to be fulfilled by one or more liquidity providers. The platform may contain a rating module to allow members to create ratings of one another based on their own criteria; an indexor which utilizes the ratings to generate a list of liquidity providers offering a security of interest to a liquidity remover; a provider selector for determining which provider or providers to join in a transaction with the remover; and a price calculator for determining an execution price for the current transaction between a remover and a provider based on ratings and payment/price improvement configurations.


Patent
Capital Group | Date: 2015-08-10

A mixing apparatus includes a mixing device with a rotatable shaft and at least one blade. The mixing apparatus also includes a shaft guide having a central portion and a head portion attached to the central portion. The central portion and the head portion together define an aperture extending from the proximal end to the distal end such that the proximal end and the distal end are in fluid communication through the aperture. The shaft guide provides all axial and radial bearing support for the mixing device such that no other radial or axial support is used when the mixing device operates within an associated container. In other examples, a shaft bushing is located around a portion of the mixing device.


Patent
Capital Group | Date: 2014-12-10

The invention relates to a device for creating automatic URL links, which inserts links, on the basis of a selected string of words including a target keyword, into an original multimedia content requested by an end user via a web page. When an inserted link is clicked, additional multimedia content, not included in the aforementioned original requested multimedia content, is displayed to the end user, offering reliable information related to the target keyword and provided by a reliable entity.


Patent
Capital Group | Date: 2016-01-19

An apparatus is disclosed which includes a processor and non-transient memory operatively connected to the processor. The memory includes instructions which, when executed by the processor, cause the processor to: receive, from a server hosting a managed services gateway, an authorized funding amount which is based on user account data associated with the user account; transmit a funds transfer request to the server, where the funds transfer request includes a funding amount less than or equal to the authorized funding amount; transmit a funds-transfer confirmation message to the server which causes the managed services gateway to initiate an internal funds transfer on a bank server associated with the user account. The internal funds transfer comprises a real-time transfer of funds from a managed services account owned by a managed services provider to a consumer account associated with the user maintained with the same bank.


A transgenic fly whose genome is modified to express enhanced levels of glutamate-cysteine ligase (GCL) gene is provided. The fly displays phenotypes associated with Alzheimers disease (AD). Further, a method for diagnosing AD is provided, which includes assessing enzymatic activities in mitochondrial enzymes. Glutathione pathway are investigated by creating Alzheimers model Drosophila with over-expression of the GCLc gene, inducing redox stress through sleep deprivation, and analyzing mitochondrial electron transport chain (ETC) using colorimetric enzymatic assays. For prevention of AD, it is proposed that the epigenetic approaches be used to increase glutathione levels in vivo before the onset of AD. For treatment of AD, it is proposed that the glutathione levels be increased by GCLc modulation.


A method for displaying a matrix of correlations or other statistical measures of co-movement associated with a plurality of financial instruments, portfolios, indices, or asset classes is disclosed. The method includes: converting the matrix of correlations or other co-movement measures into a probability transition matrix; defining a corresponding abstract distance measurement between any two of the plurality of financial instruments, portfolios, indices, or asset classes based on the probability transition matrix; assigning coordinates in a Euclidean space to each of the plurality of financial instruments, portfolios, indices, or asset classes, wherein a Euclidean distance between any two financial instruments, portfolios, indices, or asset classes in the Euclidean space corresponds to the corresponding abstract distance measurement; and displaying on a display device the plurality of financial instruments, portfolios, indices, or asset classes based on more significant dimensions of the Euclidean space.


A method for displaying a matrix of correlations or other statistical measures of co-movement associated with a plurality of financial instruments, portfolios, indices, or asset classes is disclosed. The method includes: converting the matrix of correlations or other co-movement measures into a probability transition matrix; defining a corresponding abstract distance measurement between any two of the plurality of financial instruments, portfolios, indices, or asset classes based on the probability transition matrix; assigning coordinates in a Euclidean space to each of the plurality of financial instruments, portfolios, indices, or asset classes, wherein a Euclidean distance between any two financial instruments, portfolios, indices, or asset classes in the Euclidean space corresponds to the corresponding abstract distance measurement; and displaying on a display device the plurality of financial instruments, portfolios, indices, or asset classes based on more significant dimensions of the Euclidean space.


Patent
Capital Group | Date: 2013-09-26

Apparatus and methods for a mixing device are presented. The mixing device comprises a shaft and a plurality of blades attached to the shaft. The blades include a variable pitch angle configured to create axial fluid flow and radial fluid flow within a container. The apparatus includes a hub and a cage located at ends of the apparatus. The cage includes an open end configured to mate with a structure attached to the container. In further examples of the apparatus, the upper blade is configured to create axial flow in a substantially downward direction. The lower blade is configured to create axial flow in a substantially upward direction. The lower blade can create an axial flow that encounters the upper blade. A method includes locating a mixing apparatus within the container, inserting fluid within the container, rotating the mixing apparatus, and mixing the fluid.

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