BGC Partners - 500 Beiträge pro Seite

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Finanzholding mit Beteiligungen im FX-Handel und Immobilienmakler (Knight Frank);

byzantinische Unternehmensstruktur; deswegen erstmal nur Ansichtsstücke gekauft.

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Antwort auf Beitrag Nr.: 53.348.064 von R-BgO am 26.09.16 13:13:52

BGC Partners Announces Confidential Submission of Draft Registration Statement for Proposed Initial Public Offering of Its Real Estate Services Business


NEW YORK, NY – February 9, 2017 –

BGC Partners, Inc. (NASDAQ: BGCP) (“BGC”) announced today that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of the Class A common stock of a newly formed subsidiary that will hold BGC’s Real Estate Services business, which operates as “Newmark Grubb Knight Frank”, or “NGKF”.

The number of Class A shares to be offered and the price range for the proposed offering have not yet been determined. The initial public offering is part of BGC’s plan to separate its Real Estate Services business into a separate public company. Following some period after the expected offering, BGC may, subject to market and other conditions, distribute the shares that BGC will hold of the newly formed subsidiary pro rata to BGC’s stockholders in a manner intended to qualify as tax-free for U.S. federal income tax purposes.

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Antwort auf Beitrag Nr.: 53.348.064 von R-BgO am 26.09.16 13:13:52

aufgestockt

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Antwort auf Beitrag Nr.: 54.306.287 von R-BgO am 13.02.17 13:09:15

und als Ergänzung noch einige hiervon:

WKN A2AQLZ für $26,04, in der Hoffnung, dass nicht gecalled wird.

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Antwort auf Beitrag Nr.: 54.306.200 von R-BgO am 13.02.17 12:58:57

BGC Partners Completes Acquisition of Berkeley Point

NEW YORK, Sept. 8, 2017 /PRNewswire/ —

BGC Partners, Inc. (NASDAQ: BGCP) (“BGC Partners”, “BGC”, or the “Company”), a leading global brokerage company servicing the financial and real estate markets, announced today that it has completed the previously announced acquisition of Berkeley Point Financial LLC1 for $875 million.


Management Comments

Howard W. Lutnick, Chairman and Chief Executive Officer of BGC Partners, said: “We believe that the addition of Berkeley Point will dramatically increase the scale and scope of Newmark.2 We expect the combination of Berkeley Point, a top five GSE multifamily lender, ARA, our top three multifamily capital markets business, and our fast-growing commercial mortgage brokerage business to generate substantial revenue synergies across our businesses.

“We are also pleased to announce our new Credit Agreements. With broad-based support from leading banks, we have financed this transaction, as well as significantly increased BGC’s revolver capacity going forward.”


Minority Investment in New Real Estate Finance and Investment Business

BGC has also completed the previously announced investment of $100 million in cash for approximately 27 percent of the capital (the “Company Investment”) in a commercial real estate-related finance and investment business along with Cantor Fitzgerald, L.P.3 The Berkeley Point acquisition and the Company Investment (together, the “Transactions”) are expected to be immediately accretive to the Company’s earnings per share.

Berkeley Point and the Company Investment will be part of BGC’s Real Estate Services segment.


Credit Agreements

In connection with the Transactions, the Company has entered into two credit agreements (the “Credit Agreements”) with participating financial institutions. The first Credit Agreement makes available to BGC a $400 million two-year unsecured senior revolving credit facility (the “Revolving Credit Facility”). The second Credit Agreement provides for a $575 million unsecured senior term loan (the “Term Loan Facility”) maturing on the second anniversary of the BPF acquisition closing date. The interest rates of the Credit Agreements are LIBOR plus 225 basis points, subject to adjustments based on pricing grids dependent on the Company’s credit ratings with Standard & Poor’sand Fitch. The Credit Agreements also contain certain other customary financial covenants.

On September 8, 2017, the Company drew $400 million under the Revolving Credit Facility and $575 million under the Term Loan Facility (together, the “Borrowing”). BGC utilized the funds, together with cash on hand, to finance the Transactions, and to pay expenses related to the Transactions and the financing. A portion of the Borrowing was also used to repay in full the outstanding balance of $150 million under the Company’s previously existing revolving credit agreement, dated as of February 25, 2016. BGC expects to repay the Borrowing from future financing arrangements, existing financing sources, cash on hand, and/or future equity issuances. The Term Loan Facility is also subject to mandatory prepayment, with 100% of net cash proceeds of all material asset sales and debt and equity issuances, subject to certain customary exceptions.

Bank of America Merrill Lynch acted as the left side joint lead arranger, joint bookrunner and administrative agent for the Credit Agreements. Banks acting as joint lead arrangers, joint bookrunners, and syndication agents are: Goldman Sachs Bank USA; Citigroup Global Markets Inc.; Capital One, N.A.; and PNC Bank, N.A. Additional banks participating in the Credit Agreements are: Mizuho Bank, Ltd. (also a syndication agent); Industrial and Commercial Bank of China Ltd. (also the documentation agent); Stifel Bank & Trust; BMO Harris Bank N.A.; Regions Bank; Associated Bank, N.A.; and BankUnited, N.A.

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Antwort auf Beitrag Nr.: 54.306.200 von R-BgO am 13.02.17 12:58:57

BGC PARTNERS ANNOUNCES LAUNCH OF NEWMARK GROUP IPO ROADSHOW

NEW YORK, Dec. 4, 2017 /PRNewswire/ --

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC") announced today that Newmark Group, Inc., a wholly owned subsidiary of BGC that will hold BGC's Real Estate Services business ("Newmark"), has launched a roadshow for the initial public offering ("IPO") of its Class A common stock. Newmark has applied to list its Class A common stock on the NASDAQ Global Market under the symbol "NMRK."

The IPO price is currently expected to be between $19.00 and $22.00 per share. Newmark is offering 30 million shares of its Class A common stock in the IPO. The underwriters will also have a 30-day option to purchase up to 4.5 million additional Class A shares at the IPO price, less underwriting discounts and commissions.

Goldman Sachs & Co. LLC, BofA Merrill Lynch, and Citigroup are acting as joint book-running managers for the offering. Cantor Fitzgerald & Co. is acting as a book-runner for the offering.

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Antwort auf Beitrag Nr.: 56.424.435 von R-BgO am 11.12.17 16:37:45

und danach soll abgespalten werden;

aus dem S-1:


The Distribution

BGC Partners has advised us that it currently expects to pursue a distribution to its stockholders of all of the shares of our common stock that it then owns in a manner that is intended to qualify as generally tax-free for U.S. federal income tax purposes. As currently contemplated, shares of our Class A common stock held by BGC Partners would be distributed to the holders of shares of Class A common stock of BGC Partners and shares of our Class B common stock held by BGC Partners would be distributed to the holders of shares of Class B common stock of BGC Partners (which are currently Cantor and another entity controlled by Mr. Lutnick).

The determination of whether, when and how to proceed with any such distribution is entirely within the discretion of BGC Partners. See “Certain Relationships and Related-Party Transactions—Separation and Distribution Agreement—The Distribution.” The shares of our common stock that BGC Partners will own upon the completion of this offering will be subject to the 180-day “lock-up” restriction contained in the underwriting agreement for this offering. See “Underwriting (Conflicts of Interest).”

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nochmals aufgestockt

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Antwort auf Beitrag Nr.: 56.424.435 von R-BgO am 11.12.17 16:37:45

Thread: Newmark Group

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Antwort auf Beitrag Nr.: 56.424.683 von R-BgO am 11.12.17 17:02:53

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Antwort auf Beitrag Nr.: 54.309.107 von R-BgO am 13.02.17 17:41:23

leider doch:

BGC PARTNERS AND NEWMARK ANNOUNCE COMPLETION OF THE REDEMPTION OF OUTSTANDING 8.125% SENIOR NOTES DUE 2042

NEW YORK, Sept. 5, 2018 /PRNewswire/ --

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners" or "BGC,"), a leading global brokerage company servicing the financial and real estate markets, today announced the completion of its redemption of all outstanding $112.5 million principal amount of its 8.125% Senior Notes due 2042, at par plus accrued and unpaid interest up to, but excluding, today.

In addition and as previously announced, BGC Partners loaned its publicly traded Real Estate Services subsidiary, Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark" or "Newmark Group"), $112.5 million at an annual interest rate of 6.5% on September 4, 2018. The loan was approved by the Board of Directors and Audit Committee of each of BGC and Newmark. Newmark used the proceeds to repay an intercompany note owed to BGC incurred in connection with the original issuance of the redeemed notes, and BGC used the proceeds of the repayment to complete the note redemption.

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Antwort auf Beitrag Nr.: 57.697.137 von R-BgO am 04.05.18 17:15:15

BGC PARTNERS ANNOUNCES SPIN-OFF OF NEWMARK

NEW YORK, Nov. 13, 2018 /PRNewswire/ --

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners", "BGC", or "the Company"), a leading global brokerage and financial technology company, today announced that its Board of Directors (the "Board") has approved the distribution of all of the shares of Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark") held by the Company to stockholders of BGC. The Company will distribute these Newmark shares through a special pro rata stock dividend (the "Spin-Off" or "Distribution").

The Spin-Off will be effective as of 12:01 a.m., New York City time, on November 30, 2018 (the "Distribution Date") to BGC stockholders of record as of the close of business on November 23, 2018 (the "Record Date"). Based on the number of common shares of BGC outstanding as of November 7, 2018, the Company estimates that, in the Distribution, stockholders of BGC Partners Class A common stock will receive approximately 0.4613 of a share of Newmark Class A common stock for every one share of BGC Partners Class A common stock held as of the Record Date. Following the Spin-Off, BGC will no longer hold any shares of Newmark.


Management Comments

"We are pleased to have completed the steps necessary to separate Newmark from BGC," said Howard W. Lutnick, Chairman and Chief Executive Officer of BGC and Chairman of Newmark. "The Spin-Off will enhance Newmark's ability to execute its successful growth strategy and to create value for its investors as a focused Real Estate Services company. BGC's Financial Services business expects to deliver strong returns to its stockholders as it invests in technology, hires profitably, and acquires accretively."


Additional Information Regarding the Spin-off Transaction

Newmark's Class A float will increase from approximately 23 million shares to approximately 150 million shares as a result of the Spin-Off. The Newmark shares to be distributed will be delivered in book-entry form, subject to certain exceptions, at the effective time of the Distribution, and BGC Partners stockholders who hold their shares through brokers or other nominees will have their Newmark common shares credited to their accounts by their brokers or other nominees. The Spin-Off is intended to qualify as generally tax free to BGC stockholders for U.S. federal income tax purposes.

On or about November 26, 2018, BGC will send an information statement detailing the Distribution to its stockholders of record on the Record Date. BGC will post the information statement, along with an investor presentation discussing the Distribution, on its Investor Relations website at http://ir.bgcpartners.com. These materials will also be available at http://ir.ngkf.com.

The Spin-Off is subject to certain conditions which are expected to be satisfied on or prior to the Distribution Date and described in the information statement. No vote or action is required by BGC Partners stockholders in order to receive the distribution of shares of Newmark common stock in the Distribution.

For more information on the Spin-Off, including a discussion of trading in shares of BGC and Newmark prior to the Record Date and up to and including the Distribution Date, please see BGC's Securities and Exchange Commission filing on Form 8-K, which is expected to be filed shortly.

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Antwort auf Beitrag Nr.: 59.260.156 von R-BgO am 20.11.18 16:41:16

NEW YORK, Nov. 30, 2018 /PRNewswire/ --

BGC Partners, Inc. (NASDAQ: BGCP) ("BGC Partners", "BGC", or the "Company"), a leading global brokerage and financial technology company, today announced that it had completed its previously announced distribution of all of the shares of Newmark Group, Inc. (NASDAQ: NMRK) ("Newmark") held by the Company to stockholders of BGC.1

The Company distributed these Newmark shares through a special pro rata stock dividend (the "Spin-Off" or the "Distribution").

The Spin-Off was effective as of 12:01 a.m., New York City time, on November 30, 2018 (the "Distribution Date") to BGC stockholders of record as of the close of business on November 23, 2018 (the "Record Date").

Based on the number of shares of BGC Partners Class A common stock outstanding as of the close of business on the Record Date, stockholders of BGC Partners Class A common stock received 0.463895 of a share of Newmark Class A common stock in the Distribution for every one share of BGC Partners Class A common stock held as of the Record Date.2 Following the Spin-Off, BGC no longer held any shares of Newmark.

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sie zahlen nun wirklich 14c pro Quartal => 9,3% Divi p.a.

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jetzt bereits 11%

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aufgestockt;

die Dividendenkürzung kann kommen