Madison Street Capital Maintains Distressed Industry Reputation

***UPDATE JUNE 25th***

Madison Street Capital is a special financing company for middle market businesses based in Chicago, IL. The CEO of this company is Charles Botchway who’s been in investment banking as a career choice, and Ideamensch wanted to know more about Botchway’s ideas behind Madison Street Capital. Botchway said the idea came from a desire to cater to various corporate clients who needed special financing for big acquisitions, and he also wanted to divert his business strategy. He also believes a key to his success is having his lower level advisors give clients free pieces of advice that they might not get from any other investment bank, and that makes them want more of Madison Street Capital’s services.

The Madison Street Capital reputation has been solid over the years they’ve been in operation. Their services include handling some of the most complex transactions that corporations need to make. Larger mergers and acquisitions (M&A) often need financial and legal experts to conduct them, and Madison Street Capital is able to help them happen by cutting through the red tape. Madison Street Capital also covers business exit strategies for executives planning to sell their companies and sell-side and buy-side advisory services. The company caters to clients from the private sector in technology, healthcare, energy, manufacturing and logistics. They’ve helped several companies acquire capital for large facility openings.

In 2015 Madison Street Capital helped the Ford Health System in its partnership with Pearl Human Care Ltd. The project was part of their healthcare facility plan for Vellore, India and was able to be facilitated through Madison Street Capital’s financial team. The leaders of Pearl were surprised at how quickly the partnership and its project funding was able to be completed. Madison Street Capital also helped Ares Security Corporation undertake a minority recapitalization task just this last year which included obtaining debt-based capital from Corbel Partners. In 2017 they’ve won two awards for the “Turnaround Restructuring Deal of the Year” and “M&A Deal of the Year.”

 

Mergers and Acquisitions is a are critical decisions that the leadership responsible for the strategic management of every company is responsible to handle in order to best develop a road map to success for the company. These can be ‘friendly’ or ‘hostile’ in nature and generally bring about a lot of buzz in the affected industry when one occurs. The M & A Atlas Awards is a leading presentation highlighting the best of the best from the year past, and Madison Street Capital has taken the top spot for a restructuring deal of the year under $25 million for their work with the CEMD Elevator Corp. (dba City Elevator).

 

The two companies worked together in order to help City Elevator remain one of the leading independently-owned installers of new elevators throughout the New York City Area. The client also has a strong reputation for service, installation, and modernization across the broad spectrum of escalator and elevator products. Madison Street Capital helped setup a viable credit facility so that the company could continue to do great business in the three-dimensional city that is New York.

 

It should be an event full of fun and acclaim as experts gather at the 2017 Distressed Investing Summit in Palm Beach, Florida. A black tie gala will be the event of the night when these awards are presented, and there are other events to keep the over 200 leading professionals busy such as a Symposium and Closing Party. Madison Street Capital may well be honored by the award, but that deal is just one example of the great work that they have been doing in so many related areas. For example, the total number of hedge fund deals closed continues to increase from 32 in 2014 to 42 in 2015 keeping the firm going strong.

 

Now is a better time than ever for companies to analyze their business in order to determine whether signs of distress or becoming visible such that a cooperation with a company like Madison Street Capital might be in the best interest for all involved. Some of these warning signs include cash flow issues whereby unplanned loans or personal funds are called into play. Customer and employee turnover can be another telltale sign that there might be an internal problem that is keeping loyalty from becoming a strong presence within the organization. Madison Street Capital reputation experts are familiar with all of the aforementioned who can take things to the next level.

Read more: http://satprnews.com/2017/01/10/madison-street-capital-arranges-minority-recapitalization-for-ares-security-corporation-2/

http://www.benzinga.com/pressreleases/17/01/r8887730/madison-street-capital-arranges-minority-recapitalization-for-ares-secu

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The Amazing Rowing Team Of Orange Coast College

Daniel Amando is the captain of the rowing team at Orange Coast College. The team will be heading to the Nationals taking place at Lake Lanier in Georgia. The mental and physical assets of the team will be a determining factor in the competition.

Steve Morris is the men’s assistant coach at Orange Coast College. When Morris was a student he was coxswain for the rowing team. This placed him in the boat’s rear as the unofficial brain of the team. He yelled out necessary commands over the noise of the wind.

Ten students from Orange Coast College competed in the Olympics and rowing is a serious sport at the college. Many rowers had never lifted an oar before beginning college yet turned out to have amazing capabilities that made their coaches proud. Rowing has even helped some of the team’s members academically because of the discipline they learned and the friendships they made. Learn more about Orange Coast College: http://www.occsailing.com/ and http://www.occpirateathletics.com/sports/bsb/index

When the school years begins approximately eight male students want to be a part of the crew. They devote twenty hours each week to train. By the time their blisters become calluses half of the men are gone. The expectations of the team are extremely high.

Orange Coast College will be in competition with forty schools comprised of students several years older and with more training. The outstanding oarsman of the year is John Kinnear. He is looking forward to facing the larger schools and finds satisfaction when a race is won due to teamwork. Read more: Orange Coast College | Twitter

Orange Coast College is a community college located in the United States in Orange County, California. The college was founded in 1947 and is also known as OCC. The first classes provided by OCC started in the fall of 1948. They provide two year associates degrees in science and art as well as certificates of achievement.

Orange Coast College offers lower division classes that are transferable to other universities and colleges. Approximately 24,000 undergraduate students enroll for classes each year. According to their population, OCC is the third biggest college in Orange County. Their actual location is in Costa Mesa, California roughly forty miles to the south of Los Angeles.

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Tony Petrello, CEO of Nabors Industries

Tony Petrello, also known as “Tony,” is the Chief Executive Officer (CEO) of Nabors Industries Ltd., which is a holding company of Nabors Exchangeco (Canada) Inc. Tony Petrello took on the role of CEO on October 28, 2011, after serving as deputy chairman of the enterprise several years prior.

Petrello has served as chair of several boards during his career. The executive accepted a seat on Nabors’ board in 2012 all while having an active role in administrative operations at Texas Children’s Hospital. Tony has held several prestigious jobs that include the role of Director of Stewart & Stevenson, LLC, which he has held since February 28, 2011. He has also served as a Director at MediaOnDemand.com.

Tony Petrello began his career at Baker & McKenzie law firm in 1986 shortly after obtaining his Juris doctorate from Harvard Law School. The CEO also has Bachelor of Science and Master of Science degrees in mathematics from Yale University.

In the fiscal year 2015, Petrello earned an annual salary of $1,580,077. The executive also garnered $7,727,000 in bonus compensation and $16,863,656 in stocks. Petrello received special compensation of $1,342,206 to bring the total annual pay for 2015 to $27,512,939.

As head of Nabors Industries Ltd., Petrello helps ensure daily operations of the world’s largest land-based drilling rig fleet. Nabors leads the way in providing offshore drilling rigs in the United States. The company also services international markets.

In addition to providing equipment to businesses in the industry, Nabors offers directional drilling services along with performance tools that contribute to innovativeness. Nabors Industries carries the central goal of providing safe environments to workers and nearby communities. It is the company’s vision to serve as the driller of choice while raising the standards then it comes to oil rigs and potential hazards.

Nabors Industries values safety above all else. Such is the reason why the company employs highly skilled workers. It is important to follow protocol for positive outcomes when drilling. Nabors encourages environmental protection with policies and procedures that safeguard against dreaded and dangerous oil spills. In addition to promoting safety when drilling, Nabors gives back to the communities where employees work and live. The company supports several charities and educational initiatives that seek to improve society.

Keep Reading:  Nabors CEO, CFO Take Big Pay Cut

The positive impact that Nabors has in the world is in line with Tony Petrello’s charitable efforts. The company’s executive has contributed more than $5 million to Texas Children’s Hospital since his daughter was diagnosed with periventricular leukomalacia (PVL) at 24 weeks old. The infant was born prematurely and developed cerebral palsy and other developmental issues that affected her motor skills.

Eight years later, Tony and his wife Cynthia consider their daughter, Candace, a miracle. The youngster is now capable of consuming and digesting solid foods. “It took a million repetitions, but her brain finally caught it and now owns it,” Cynthia says. “That’s a miracle.”

Cynthia and Tony Petrello are dedicated to seeing other miracles in their daughter’s life come to fruition. The executive father will have Nabors by his side every step of the way.

Keep Reading:  http://www.thedailybeast.com/the-prince-and-the-pauper-my-college-roommate-became-an-oligarch

 

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The Incredible Story of Capital Group CEO Timothy Armour in 5 Minutes

Becoming successful in the world of investment is not an easy feat. However, this is not the case when it comes to Timothy Armour. His vast experience helped Capital Group see a lot of achievement since his appointment as the chair in July 2015. Since that period, he guided the company to better heights due to his great leadership.

The story of the genius that is Timothy Armour

As said above, he is the CEO of one of the largest and leading organizations capital group. Timothy studied economics in college and attained a bachelor’s degree in that field from Middlebury College – a private liberal arts college.

Timothy Armour has significant experience in the area of investment and has excelled in every position that he worked. The knowledge helped propel him through the corporate ladder. Before becoming a CEO at a capital group, Timothy Armour was a participant in the associate’s program. He later became an equity investment analyst where he worked with US Service firms and global telecommunications. Timothy advises on how to find active leaders who earn their keep.

His ambition is to see managers working under him to concentrate on finer details of the firms rather than the unguaranteed future. According to Janet Yang, the CFA at the capital group, Timothy’s ability to find the specific needs of a company and keeping employees focused on the needs of the task should be credited for the success of the group.

One of Mr. Armour accomplishment at the capital group is the strategic partnership with Samsung Asset Management. He took part in helping form that company which plans to develop retirement solutions together. They plan to enhance the investment capability of Samsung Asset Management. According to Timothy, the bigger plan is to design investment solutions together to fulfill the retirement, savings, and insurance linked needs of Korean investors. The Samsung Asset Management wants to use capital group’s methods of investing while the latter wants to learn Samsung markets and distribution methods.

Follow Timothy Armour on Facebook for more information.

What is Timothy Armour’s perspective on the market selloff in September 2015?

Tim is very opinionated on the market selloff of 2015. He identified that the US had a six-year Bull Run and rising markets around the world. He believes that the Chinese will transform from a closed investment based economy to an open economy led by consumers. After making one of the oldest and most successful investment management companies successful, we can say Timothy Armour is an investment genius.

Recap of Warren Buffett is wrong about this investment strategy

Tim says that consumers should worry about product labels since the “active versus passive” is an intra-industry debate that affects them. Many mutual funds provide low long-run returns due to excessive trading and high management fees. Also, the opportunity costs of passive index investment and volatility risks are unknown or underestimated. Tim challenges the belief that passive index returns are the way to a better retirement.

According to Timothy Armour, investors should do better in bad times than the crowd to grow their fortune. Based on past research, Tim said that these were the two simple filters in investment. They are high manager ownership and small expenses. Getting rid of high-cost funds and finding fund managers that will invest a lot of money with their fellow fund manager’s results to specific fund managers who have outpaced benchmark indexes on average.

Keep Reading:  Capital Group Parent Names Amour Chairman, Replacing Rothenberg

 

 

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More People Choosing A Credit Card That Helps Them Repair Their Bad Credit

If you have a bad credit score, then you most likely have experienced some type of financial setback. You may have made several late payments. You also may have filed for bankruptcy. However, there is a credit card that will help you start over financially.

 

The credit card is named Build. It is designed for people who have a credit score that ranges from 550 to 600. It has been around for about 1.5 years, and 50,000 people have already signed up for it. This credit card is attractive to people because it has low interest rates and fees. They are also given a low spending limit.

 

Many people are not using this credit card to cover frivolous purchases. They are using it to cover unexpected expenses. Half of people in America who are hit with an unexpected $400 expense would not be able to pay it. This credit card can be used to cover unexpected expenses.

 

Because many people who have bad credit cannot take out a traditional loan, they often turn to payday loans. Payday loans are convenient because they are fairly easy to qualify for. As long as you have a source of income and have not defaulted in the past, then you will probably get approved. However, payday loans come with very high interest rates. People can use their Build credit card instead of taking out a payday loan.

 

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Why Do People Take Out So Many Credit Cards?

Open up a piece of junk mail and you’ll find an application for a credit card. Go to the local grocery store and you’ll be asked by the cashier if you’d like to apply for their store credit card. It’s no wonder that millions of people nationwide have more than one card that they use on a routine basis. There are clear benefits and disadvantages to having so many cards, and many use their cards for reasons other than being able to make large purchases they can’t outright afford.

 

In fact, a good majority of people have a series of credit cards because of the simple fact that it builds credit. Unfortunately, credit cards are one of the only ways a person can build viable credit. If you never take out a credit card, you may go through life with no credit at all, which is just as problematic as having a bad score.

 

The issue that comes with credit cards is that they can become overwhelming relatively quickly. If you aren’t careful with your credit card management, you’ll start becoming late on payments and ruining the credit score you were trying to improve in the first place. This is why it’s crucial that you start out with just one credit card and understand how to manage it fully before taking out another. Credit card debt is one of the most common reasons for monetary problems in the country, so it’s best to avoid it altogether before it consumes you.

 

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Credit Card Balances Increase

A credit card is a great tool that can provide a consumer with a convenient form of financing. Those that have credit cards will have the ability to quickly pay for goods and services. However, those that use a credit card and do not pay off the balance in a timely manner will be hit with a variety of fees and interest charges.

 

Over the past two decades, the rate of credit card usage has continued to increase. In the mid 2000s, this rate of credit card usage was partially to blame for the overall credit crisis in the country. While the rate of credit card usage, and overall level of credit card debt decline, it appears to be increasing back towards all time high levels (https://panampost.com/editor/2017/05/25/any-of-these-3-bubbles-could-be-about-to-burst/).

 

According to a recent study, the level of credit card debt in the United States is now over $1 trillion. This is the highest it has been since 2009. While the credit card debt balances are very high, they are now coupled with a growing student loan bubble, which is at an all-time high of nearly $1.5 billion. Furthermore, other types of consumer debt, including auto loans, has also increased.

 

The impact of the increase in credit card debt is already beginning to show some serious signs. One of the largest providers of credit cards in the country, Capital One, has already written off 5% of their past due balances. This could end up having a sizable impact on their total reported earning.

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Google Now Tracks Offline Purchases

Google recently unveiled the ability to track credit card users’ offline purchases to their online portfolios. The new technology allows the company to show its users ads based on their offline purchase patterns. Google plans to use the data to attract users to its line of free services and to sell advertising. Google stated it has joined a network of third party vendors that gives the company over 70 percent access to a customer’s credit or debit card purchases.

 

Executives at Google state they have complex mathematical formulas in place that protect debit and credit card users’ private information. The executives also stated that the formulas make it impossible to know the identity of the card users. Google has stated in the past that protecting the privacy of its users is the company’s number one priority.

 

The problems lie in most consumers’ willingness to hand over personal information to Google. Because the company is a trusted name among most people, they feel confident the company will protect their private information. For the past several years, Google has had the ability to track people’s locations through Google Maps. The company gives that information to advertisers who want to know how many consumers visit their stores. Statistics show that consumers who purchase goods and services with their cards have less than a one in three chance Google does not know about the purchases.

 

 

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Up to Date News with Credit Cards

https://www.forbes.com/sites/billhardekopf/2017/05/05/this-week-in-credit-card-news-another-hit-to-wells-fargo-the-mobile-orders-with-highest-fraud-risk/#3a0d774431e4

 

Credit cards can be used without racking up debt and only used responsibly — by some. Many succumb to the allure of money now, debt later, and dig themselves in proverbial financial holes. Either way, whether you are a responsible or not-so-repsonsible user, credit cards will always be a big part of our collective lives. Wells Fargo is still taking hits, making a few months straight of nothing but bad news, as they have lost a government contract from Philadelphia in overseeing its payroll system. Wells Fargo used to be a premier financial servicer, but now they are merely but a shell of their former selves.

 

Other credit cards, such as Visa, MasterCard, and AmEx will likely always be in style. MasterCard saw their profits rise as people have been charging their credit cards more lately. Despite having to compete with payroll servicers such as ADP who work with companies to pay their employees, major card brands such as Visa and MasterCard are both experiencing high profits in 2017’s summer season.

 

Some companies have created masterful, complex, thorough computer algorithms to make use of sensitive credit card data. Google, a technological powerhouse, tracks credit card profiles by compiling all credit cards used per person into one file to better analyze consumer spending, rather than studying amounts on each credit card.

 

Credit cards have likely proved their helpfulness during your life just as they have mine. Responsible use of credit cards fuels personal and business spending, ramping up the economy.

 

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Credit Card Reward Spending Goes Through The Roof

If you are like most Americans you have received dozens if not hundreds of credit card offers in the mail. Many people just ignore them and throw them away. However, there are some reasons why at least some of these cards may be worth your time. The reason being not necessarily because they have great interest rates, but perhaps because they have great reward offerings. That is to say that some of these cards will give you a reward just for using the card.

 

Business Insider talks about how the use of such rewards by customers has exploded as of late. Not only are more people aware of the rewards available, but they are grabbing on to them while they can in order to get some benefits for their spending.

 

As credit card companies become increasingly competitive with one another for customers the battle to give greater rewards rages on as well. For the average consumer this means a jackpot of possibilities in terms of the rewards that they get. They can be selective about the credit cards they use simply based on those rewards.

 

The amount that the credit card companies are spending on rewards has more than doubled just since 2010 and that number is projected to keep rising. What was once just an afterthought in the credit card world is now something that customers are actively looking for. That is so important because if the companies continue to battle it out over credit card rewards, you can fully expect that customers will take advantage.

 

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