RHC has co-invested in some amazing deals and funds. You can still co-invest alongside us into early-stage and other deals. For example, we are LPs in Social Leverage and are co-investing with them.
Social Leverage Capital Fund IV, LP, a $99M seed-stage fund focused on backing exceptional founders in the Fintech, Enterprise SaaS and Consumer space.
Since our inception in 2009, we have been seed-stage investors in some of the world’s leading startups, including Robinhood, eToro, Kustomer, and Manscaped, and have made investments in over 150 seed-stage companies to date. As our fund size has grown, so has our ability to invest additional capital as the portfolio raises later-stage capital.
Talk to us about our different investment strategies!
Members of the Red Hook Capital team will be in Jonathan Club Santa Monica Beach Club for meeting with people and entities (family office, SPV, etc.) during the month of June.
OPTIONS:
FUND: Meeting one of our fund managers and HNWI that in less than 90 days is having distribution back to our Hybrid Fund.
DO GOOD FUND: Meeting one of our fund managers for SPAC and fund that is helping solar and water projects worldwide. Did I say he also makes movies for fun and family office has been doing projects worldwide for over 30 years?
JUST FUN: Dinner with other HNWI hosted by one of our fund managers (and largest investor) at Jonathan Club’s Santa Monica Beach Club with other family offices and HNWI.
REQUIREMENTS:
Track record of co-investing with others to get returns;
Like minded investors that like to have fun (we had an amazing event at luxury car show at The Ritz-Carlton, Amelia Island);
Interview with RHC staff where we show you our PROOF of fund and investments with the understanding that you or your entity have $5 million invested in deals and are an active two-way investor (we invest in your deals and you invest in your deals).
Contact Sarah M at Sarah@RHC21.Fund or visit our staff on LinkedIn at Jack D or Charlette F anytime.
Members of Red Hook Capital team will be in Maybourn in Beverly Hills and Jonathan Club Santa Monica Beach Club for meeting with people and entities (family office, SPV, etc.) during the month of June.
OPTIONS:
FUND: Meeting one of our fund managers and HNWI that in less than 90 days is having distribution back to our Hybrid Fund.
DO GOOD FUND: Meeting one of our fund managers for SPAC and fund that is helping solar and water projects worldwide. Did I say he also makes movies for fun and family office has been doing projects worldwide for over 30 years?
JUST FUN: Dinner with other HNWI hosted by one of our fund managers (and largest investor) at Jonathan Club’s Santa Monica Beach Club with other family offices and HNWI.
REQUIREMENTS:
Track record of co-investing with others to get returns;
Like minded investors that like to have fun (we had an amazing event at luxury car show at The Ritz-Carlton, Amelia Island);
Interview with RHC staff where we show you our PROOF of fund and investments with the understanding that you or your entity have $5 million invested in deals and are an active two-way investor (we invest in your deals and you invest in your deals).
Contact Sarah M at Sarah@RHC21.Fund or visit our staff on LinkedIn at Jack D or Charlette F anytime.
KEYWORDS: Diamond Resorts, Hilton Grand Vacation Inc, Apollo Funds, Apollo Global Management, Colony Capital, AccorInvest, Palms Casino Resort, San Manuel Sovereign Fund
Hilton Grand Vacations Inc. (NYSE:HGV) (“HGV” or “the Company”) announced on March 10 that it has entered into a definitive agreement to acquire Diamond Resorts International, Inc. (“Diamond”) from funds (the “Apollo Funds”) managed by affiliates of Apollo Global Management, Inc. (NYSE:APO) (together with its consolidated subsidiaries, “Apollo”), funds managed by affiliates of Reverence Capital Partners (“Reverence”), and other Diamond stockholders, in a stock-based transaction with an equity value of approximately $1.4 billion. Under the terms of the agreement, the Apollo Funds and other Diamond stockholders will receive 34.5 million shares of HGV common stock, subject to customary adjustments.
The acquisition will combine the strength of HGV’s brand and culture with Diamond, the largest independent timeshare operator. Diamond’s 92 leisure resorts and nearly 400,000 owners uniquely complement HGV’s 62 upscale and luxury properties and over 325,000 owners, and the combination will create the premier vacation ownership company with the broadest offering in the industry.
About Hilton Grand Vacations:
Hilton Grand Vacations Inc. (NYSE:HGV) is recognized as a leading global timeshare company. With headquarters in Orlando, Florida, Hilton Grand Vacations develops, markets and operates a system of brand-name, high-quality vacation ownership resorts in select vacation destinations. The Company also manages and operates two innovative club membership programs: Hilton Grand Vacations Club® and The Hilton Club®, providing exclusive exchange, leisure travel and reservation services for more than 325,000 club members.
About Diamond Resorts:
Diamond Resorts offers destinations, events and experiences to help members make a habit of breaking from the routine. From unforgettable getaways to exclusive concert series to VIP receptions and dinners, members turn to Diamond to recharge, reconnect and remind each other what matters most. Our focus on quality resorts, customer service and flexibility means members can return to a favorite resort, book a cruise to explore new countries or attend a once-in-a-lifetime event with the same level of confidence and anticipation. With access to a world of entertainment and activities, a Diamond membership ensures that people are always looking forward to vacation.
About Diamond Resorts CEO:
Mr. Michael Flaskey serves as Chief Executive Officer at Diamond Resorts. He previously held the position of Executive Vice President and Chief Sales and Marketing Officer for Diamond Resorts from 2014 to 2016, and Executive Vice President of Sales and Marketing, North America for Diamond Resorts from 2010 to 2014. Throughout Mr. Flaskey’s tenure at Diamond Resorts, the Company has achieved unprecedented growth both organically and through strategic acquisition integration, as he has shifted the traditional timeshare marketing and sales model to a hospitality-infused process that includes a high-touch upstream engagement stance, providing guests with a service-first approach to marketing and sales. Prior to Diamond Resorts, Mr. Flaskey held key senior executive roles with Starwood Vacation Ownership and Fairfield Resorts (now Wyndham Vacation Ownership). Mr. Flaskey has also successfully negotiated many strategic ambassadorial alliances with world-famous artists, Hall of Famers from Major League Baseball and the National Football League, Super Bowl MVPs, NASCAR legends and current PGA, LPGA and Champions Tour stars. Most notably, he is also the Founder and Executive Director of the Diamond Resorts Invitational.
DEALS (OTHER DEALS)
Colony Capital (Hospitality Business Portfolio):
The Hospitality Business Portfolio of Colony Capital was acquired by Cerberus Capital Management and Highgate Hotels through a $2.8 billion LBO on March 25, 2021.
AccorInvest:
The company received EUR 954 million of development capital from Saudi Arabia’s Public Investment Fund, Government of Singapore Investment Corporation (GIC), Crédit Agricole Assurances, Colony Capital and Amundi on March 24, 2021. As a part of the transaction, EUR 477 million of debt financing in the form of a state-guaranteed loan was provided by the existing banking partners.
Palms Casino Resort:
The company has entered into a definitive agreement to be acquired by San Manuel Sovereign Fund through a $650 million LBO on May 4, 2021. Previously, the company was acquired by Red Rock Resorts (NASDAQ: RRR) for $312.5 million on October 3, 2016. The company is being actively tracked by PitchBook.
Click below to see full report! SAMPLE AD: Know of an EBITDA company that needs a turnaround? Contact Jack D, or Charlotte F to set up a call about turning around your hotel. Must have had EBITDA or strong growth in last 3 years. DISCLAIMER: This is the beta of future media company The Capitalization Report with its own website soon “TheCapitalizationReport.com” or “CapitalizationReport.com” coming soon!
#1 Which and what type of mask would you like if you had to wear one for the rest of your life? Would it be a COVID Facemask, Halloween Mask, Mud Mask, or what?
QUOTES
We all wear mask to hide who we are to others, but the COVID mask adds an extra layer – JD Morris 210604 PSbyJD
Nothing is more real than the masks we make to show each other who we are. – Christopher Barzak
Hypothetical Questions
For 100s of Hypothetical Questions “GOOGLE” 170 Hypothetical Questions That’ll Give Your Brain a Workout
2. How much would need pay you to to sit in a pitch-black room and do nothing for 12 hours a day? $3k, $5k, $10k or ?
3. What would I hear if I asked 5 friends to use five adjectives to describe you?
4. Which famous person’s body would you take over if you could switch?
71. Imagine you are hiking in the wilderness. You can swim across a mile-wide, ice-cold river in one day, or you can walk for an extra week to cross over the nearest bridge. Which would you choose?
72. How would you handle it if your friend resisted a new idea or policy you introduced?
73. How would the world be different if everyone were incapable of lying?
74. What meat would you like your sheets to be made of if they were to be made of deli meats?
75. Would you want to know if you were really a robot?
76. Do you want someone to tell you exactly what you’ll be doing in 20 years if you couldn’t do anything about your future?
77. If someone wanted to pay you $300K to spend one week in an abandoned house with one person without eating or sleeping, would you accept the offer?
78. If “I am” is said to be the shortest sentence in the English language, could it be that “I do” is the longest one?
79. If you could learn any skill you want in the world without trying, which one would you pick?
Below is detail on 24M deal, but here are a few other deals highlighted.
Beta Technologies:
The company raised $425.62 million of Series A venture funding in a deal led by Fidelity Management & Research on May 24, 2021, putting the company’s pre-money valuation at $1.03 billion. Amazon.com also participated in the round. The funding will be used to refine the company’s electric aircraft’s propulsion system and controls, as well as to build out manufacturing space, including expanding its footprint in Vermont on land at the Burlington International Airport.
Furiosa:
The company raised KRW 80 billion of Series B venture funding from Naver, DSC Investment and Aion Asset Management on May 31, 2021, putting the company’s pre-money valuation at KRW 180 billion.
Yoto:
The company raised GBP 12.02 million of Series A venture funding in a deal led by Acton Capital on May 11, 2021, putting the company’s pre-money valuation at GBP 44.51 million. Emerge Education(VC), Global Founders Capital, JamJar Investments, Caddie Venture, MPL Ventures and Sir Hossein Yassaie also participated in the round.
Nourished:
The company raised GBP 8 million of Series A venture funding in a deal led by ADM Ventures and Cibus Fund on May 10, 2021, putting the company’s pre-money valuation at GBP 42.9 million. Henkel Tech Ventures, RiverPark Ventures and Apater Capital also participated in the round. The funds will be used to develop the portfolio further, adding lines for kids and personalized protein bars to the range this year along with production expansion to the US.
Viken Detection:
The company raised $6.44 million of Series D venture funding from undisclosed investors on May 24, 2021, putting the company’s pre-money valuation at $50 million.
DEAL PROFILED (M24)
M24, announced on May 17 it has raised a $56.8 million Series E to commercialize its simple, capital-efficient, low-cost SemiSolid™ manufacturing process and expand its technology development programs for grid storage and electric vehicle applications.
The financing was led by global trading company ITOCHU Corporation and as a part of the financing, Hiroaki Murase, General Manager of the Sustainable Energy Business Department, of ITOCHU will join 24M’s Board of Directors. Also participating in the round were new investors Fujifilm Corporation and Mirai Creation Fund II along with previous investors, including Kyocera Corporation, Global Power Synergy Public Company Ltd (GPSC) and North Bridge Venture Partners.
24M’s innovative SemiSolid™ manufacturing platform delivers market-leading price-performance. SemiSolid™ electrodes use no binder, mixing electrolyte with active materials to form a clay-like slurry with unique attributes. As a result, the 24M process eliminates the need for a significant amount of inactive materials and capital-intensive processes like drying and electrolyte filling, thus dramatically reducing manufacturing cost.
About 24M:
24M answers the world’s need for affordable energy storage by enabling a new, more cost-effective solution — SemiSolid™ lithium-ion technology. By re-inventing the design of the battery cell as well as the manufacturing method, 24M solves the critical, decades-old challenge associated with the world’s preferred energy storage chemistry: reducing its high cost while improving its safety, reliability and performance. Founded and led by some of the battery industry’s foremost inventors, scientists and entrepreneurs, 24M is headquartered in Cambridge, Mass.
About CFO:
Mr. Richard Chleboski serves as Chief Financial Officer at 24M. He serves as Chief Financial Officer at TeraDiode. He also serves as the President at RIAJ Enterprises. He was the Chief Executive Officer and a Board member at Bandgap Engineering. He co-founded Evergreen Solar in 1994. In December 2007, he assumed the position of Vice President of Strategy and Business Development. Prior to that, he served as Vice President of Worldwide Expansion since February 2006. He also served as the Company’s Chief Financial Officer and Treasurer for 12 years. He also served as a Director from June 1995 to May 2003. He worked at Mobil Solar Energy Corporation for seven years where he was the Strategic Planner focusing on developing long-range business plans working with strategic partners. Prior to becoming Strategic Planner, he was a Process Engineer responsible for innovating the operation of Mobil Solar’s manufacturing line as the expert on its performance. He received a B.S. in Electrical Engineering from the Massachusetts Institute of Technology and an M.B.A. from Boston College.
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