DOCSLIB.ORG

Report from the Executive Board and Resolutions Submitted To

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Report from the Executive Board and Resolutions Submitted To AGENDA Audouin, following the renewal of his term of office as a member of the Executive Board. 26. Approval of agreements and commitments governed by Resolutions before the Ordinary Articles L. 225-86 and L. 225-90-1 of the French Commercial Code Shareholders’ Meeting and the Statutory Auditors’ Special Report, concerning Nicolas Huet, following his appointment as a member of the Executive 1. Approval of the Company financial statements for the year ended Board. December 31, 2017. 27. Approval of agreements and commitments governed by 2. Allocation of net income for the year and dividend distribution. Articles L. 225-86 and L. 225-90-1 of the French Commercial Code 3. Approval of the consolidated financial statements for the year and the Statutory Auditors’ Special Report, concerning Olivier ended December 31, 2017. Millet, following his appointment as a member of the Executive 4. Approval of agreements and commitments governed by Board. Article L. 225-86 of the French Commercial Code. 28. Setting of the total annual amount of attendance fees. 5. Approval of agreements governed by Article L. 225-86 of the 29. Authorization of a share buyback program by the Company for its French Commercial Code between the Company and JCDecaux own shares. Holding SAS. 6. Approval of an agreement governed by Article L. 225-86 of the French Commercial Code between the Company and certain Resolutions before the Extraordinary shareholders of the Company that are members of the Concert Shareholders’ Meeting (2010 Agreement). 30. Delegation of authority to the Executive Board to increase share 7. Ratification of the appointment of Jean-Charles Decaux as a capital by capitalizing reserves, profits or share, merger or member of the Supervisory Board. contribution premiums. 8. Ratification of the appointment of JCDecaux Holding SAS as a 31. Delegation of authority to the Executive Board to issue shares member of the Supervisory Board. and/or securities granting access, immediately or in the future, to 9. Appointment of Amélie Oudéa-Castera as a member of the share capital, with retention of preferential subscription rights. Supervisory Board. 32. Delegation of authority to the Executive Board to issue shares 10. Appointment of Patrick Sayer as a member of the Supervisory and/or securities granting access, immediately or in the future, to Board. share capital, with cancellation of preferential subscription rights 11. Renewal of the term of office of Michel David-Weill as a member and by public offering, or in connection with a takeover bid of the Supervisory Board. comprising a share exchange offer. 12. Renewal of the term of office of Anne Lalou as a member of the 33. Delegation of authority to the Executive Board to issue shares Supervisory Board. and/or securities granting access, immediately or in the future, to share capital, with cancellation of preferential subscription rights 13. Renewal of the term of office of Olivier Merveilleux du Vignaux as in connection with an offering referred to in Section II of a member of the Supervisory Board. Article L. 411-2 of the French Monetary and Financial Code. 14. Renewal of the term of office of JCDecaux Holding SAS as a 34. Authorization to the Executive Board, to set the issue price in the member of the Supervisory Board. event of the issue of shares or securities granting access, 15. Appointment of Robert Agostinelli as a non-voting member. immediately or in the future, to share capital, without preferential 16. Renewal of the term of office of Jean-Pierre Richardson as a subscription rights, representing up to 10% of the share capital. non-voting member. 35. Increase in the number of shares, securities or other instruments 17. Approval of the principles and criteria for determining, allocating to be issued in the event of a share capital increase with or and awarding the fixed, variable and exceptional components of without preferential subscription rights. total compensation and benefits of all kind, that may be awarded 36. Delegation of powers to the Executive Board to issue shares to members of the Supervisory Board. and/or securities granting access, immediately or in the future, to 18. Approval of the principles and criteria for determining, allocating share capital, with cancellation of preferential subscription rights, and awarding the fixed, variable and exceptional components of in consideration for contributions in kind granted to the total compensation and benefits of all kind, that may be awarded Company. to members of the Executive Board. 37. Overall ceilings on the amount of shares and securities issued st th 19. Approval of compensation paid or awarded in respect of fiscal under the 31 to 36 resolutions. year 2017 to Michel David-Weill, Chairman of the Supervisory 38. Delegation of authority to the Executive Board to increase share Board. capital by issuing ordinary shares and/or securities granting 20. Approval of compensation paid or awarded in respect of fiscal access, immediately or in the future, to share capital reserved for year 2017 to Patrick Sayer, Chairman of the Executive Board. members of a Company Savings Plan, with cancellation of preferential subscription rights in their favor. 21. Approval of compensation paid or awarded in respect of fiscal year 2017 to Virginie Morgon, a member of the Executive Board. 39. Delegation of authority to the Executive Board, in the event of takeover bids targeting the Company’s shares, to issue bonus 22. Approval of compensation paid or awarded in respect of fiscal share warrants to the Company’s shareholders. year 2017 to Philippe Audouin, a member of the Executive Board. 40. Amendment of Article 8 of the Bylaws – Information on share 23. Approval of agreements and commitments governed by capital ownership. Articles L. 225-86 and L. 225-90-1 of the French Commercial Code and the Statutory Auditors’ Special Report, concerning Patrick 41. Amendment of Article 14 of the Bylaws – Powers of the Sayer. Supervisory Board. 24. Approval of agreements and commitments governed by 42. Amendment of Article 16 of the Bylaws – Non-voting members nd Articles L. 225-86 and L. 225-90-1 of the French Commercial Code (42 resolution). and the Statutory Auditors’ Special Report, concerning Virginie Morgon, following the renewal of her term of office as a member of the Executive Board. Resolution before the Ordinary Shareholders’ Meeting 25. Approval of agreements and commitments governed by Articles L. 225-86 and L. 225-90-1 of the French Commercial Code 43. Powers to carry out formalities. and the Statutory Auditors’ Special Report, concerning Philippe Agenda PRESENTATION OF THE RESOLUTIONS • the set-up of CarryCo Patrimoine 2, a four-year co-investment program commencing March 2018 for the Patrimoine division, SUBMITTED TO THE SHAREHOLDERS’ including notably the C2S transaction recently signed, up to a MEETING OF APRIL 25, 2018 maximum amount of €600 million; • compensation and commitments given by the Company in favor of Executive Board members authorized after the The resolutions submitted for your approval include resolutions that December 31, 2017 year-end. are to be voted by the Ordinary Shareholders’ Meeting and others that th are to be voted by the Extraordinary Shareholders’ Meeting. In the 5 resolution, shareholders are asked to approve the regulated agreements between the Company and a shareholder, governed by Articles L. 225-86 et seq. of the French Commercial Code and Resolutions before the Ordinary authorized by the Supervisory Board in 2017. Shareholders’ Meeting Agreement between Eurazeo and JCDecaux Holding SAS and the related amendment: the Supervisory Board meeting of June 5, 2017 Approval of the financial statements and allocation authorized the signature of an agreement between JCDecaux Holding of net income/Dividend distribution SAS and Eurazeo pursuant to the acquisition by the Decaux family of After reviewing the Executive Board’s Management Report, the 15.4% of Eurazeo’s share capital, governing the transfer of shares and Supervisory Board’s observations and the Statutory Auditors’ reports the governance associated with this stake (AMF notice no. 217C1197). on the Company and consolidated financial statements, the 1st, 2nd and In addition, the Supervisory Board meeting of October 17, 2017 3rd resolutions ask shareholders to approve: authorized the signature of an amendment to the agreement between JCDecaux Holding SAS and Eurazeo dated June 5, 2017, authorizing (i) the Company and consolidated financial statements for the year the grant of a pledge by JCDecaux Holding SAS over all or part of the ended December 31, 2017; and Eurazeo shares held by JCDecaux Holding SAS or that it comes to hold (ii) the payment of an ordinary dividend of €1.25 per share, an in the future, in favor of BNP Paribas pursuant to the refinancing of the increase of approximately 4.2% on the dividend for the previous bridge loan secured by JCDecaux Holding SAS from BNP Paribas on fiscal year. June 15, 2017. This amendment includes certain additional guarantees This ordinary dividend would be paid exclusively in cash on in Eurazeo’s favor. May 3, 2018. In the 6th resolution, shareholders are asked to approve the regulated agreement between the Company and a shareholder, governed by Approval of regulated agreements Articles L. 225-86 et seq. of the French Commercial Code and (4th, 5th and 6th resolutions) authorized by the Supervisory Board meeting of March 8, 2018. The Supervisory Board meeting of March 8, 2018 authorized the signature th In the 4 resolution, shareholders are asked to approve the regulated of a shareholders’ agreement bringing together certain of the parties agreements and commitments governed by Articles L. 225-86 et seq. to the 2010 Agreement (Concert), presented in AMF notice no. of the French Commercial Code and authorized by the Supervisory 211C0404 published on April 4, 2010.
Load more

Recommended publications
  • Investor Presentation, July 2018 Source: Factset As at November 16, 2018; Thomson One; Bloomberg, Q3 Report
    Investor Investor 2018 presentation Investor Day 7th December Eurazeo is ready to grow Virginie Morgon, CEO Agenda 2018 INVESTOR DAY Eurazeo, a large diversified multi-specialist European asset manager p. 8 Solid fundraising capacity ready to grow AuM p. 44 Eurazeo: Idinvest, integrating with Eurazeo p. 54 ready to grow Financial reporting for Eurazeo p. 74 Private debt p. 96 Private funds group p. 112 A deep dive Real assets p. 128 into our asset classes Private equity p. 149 Strong leadership 20+ years in the industry Executive Committee Executive Board Virginie MORGON Marc FRAPPIER PARTNERS CEO Managing Partner – Head of Eurazeo Capital Christophe BAVIERE Benoist GROSSMANN CEO Managing Partner Philippe AUDOUIN Frans TIELEMAN Head of Venture & Growth Directeur Général Managing Partner - Member of the Executive Board Finances - CFO Head of Eurazeo Development Nicolas HUET Renaud HABERKORN General Secretary Managing Partner - Head of Eurazeo Patrimoine Steven LANGMAN Robert AGOSTINELLI Olivier MILLET Caroline HADRBOLEC Co-Founder and Chairman Of the Chief Human Resources Co-Founder and Managing Director Managing Director Executive Board Officer Of Eurazeo PME Eurazeo 2018 Investor Day 4 Our messages Our industry is growing and should continue to do so Our model of balance sheet and third party AuM is uniquely differentiated We are today a large diversified multi-specialist European asset manager Our ambition is global Each of our investment divisions has standalone excellence and ready to grow Eurazeo 2018 Investor Day 5 Global 90+ footprint 380+ 4 230+ investment portfolio asset professionals professionals 9 countries companies classes WE ARE BORN FRENCH OUR SUCCESS IS EUROPEAN OUR AMBITION IS GLOBAL €5bn €17bn €6bn 2x market AuM NAV average CoC capitalisation All partially & fully realised exits since 2002 (…) Nb.
    [Show full text]
  • The Republican Presidential Debate
    2011_04_18 upc_cover61404-postal.qxd 6/14/2011 6:53 PM Page 1 July 4, 2011 49145 $4.99 DANIEL FOSTER on Mamet l ROB LONG on Weiner HowHow toto OutgrowOutgrow $4.99 thethe ObamaObama Years Years 27 Alan Reynolds l Kevin A. Hassett l Chris Chocola l Reihan Salam Veronique de Rugy l Keith Hennessey l David Beckworth l Jim Manzi Samuel Gregg l Kevin D. Williamson 0 74820 08155 6 www.nationalreview.com base_milliken-mar 22.qxd 6/13/2011 11:32 AM Page 1 “ The commitment to safety among nuclear plant operators is second to none.” ÊÊ Douglas Cobb, Shift Manager-Operations at the Surry nuclear energy facility in Virginia. ÊÊÊÊÊÊÊÊÊÊÊÊÊ ommunities have the right to know the safety record Plant operators undergo intensive training and are frequently of their nuclear energy plants. We are proud to tested on simulators that are exact replicas of their plant C share it. Professionals like Doug Cobb work every control rooms. They are held to the highest of standards by day to exceed already stringent federal safety standards at independent Nuclear Regulatory Commission inspectors who America’s nuclear power plants provide ongoing oversight at every reactor every day. American nuclear plants are among the safest in the world American energy companies are the world leaders in nuclear because they are managed and operated by leading engineers, energy, with 104 reactors producing one-fifth of our electricity. scientists and licensed reactor operators. They undergo Providing affordable electricity and ending our dependence significantly more oversight and have more safety measures on foreign energy sources simply cannot be achieved in place than reactors in other countries.
    [Show full text]
  • The Henry Jackson Society and the Degeneration of British
    Tom Griffin Hilary Aked David Miller Sarah Marusek THE HENRY JACKSON SOCIETY AND THE DEGENERATION JUNE 2015 OF BRITISH NEOCONSERVATISM: LIBERAL INTERVENTIONISM, ISLAMOPHOBIA AND THE ‘WAR ON TERROR’ Sponsored by: ISBN 978-0-9570274-4-2 AUTHOR PROFILES David Miller is Professor of Sociology in the Department of Social and Policy Sciences at the University of Bath. He is an RCUK Global Uncertainties Leader- ship Fellow (2013-15) conducting Tom Griffin is a freelance writer and a project to examine the construc- researcher and a doctoral candidate tion, use and impact of expertise on at the University of Bath. He is a ‘terrorism’. He has written widely on contributing editor of OpenDemoc- propaganda, spin and lobbying and racy’s OurKingdom blog and writes for was co-founder of Public Interest Investigations a non profit Spinwatch. He is a former executive company of which Spinwatch and Powerbase are projects. editor and political correspondent of Recent publications include: A Century of Spin: How Public the Irish World. Relations Became the Cutting Edge of Corporate Power (Pluto Press, 2008, co-author); Neoliberal Scotland (Cam- bridge Scholars, 2010, co-editor); Critical Terrorism Studies Dr Sarah Marusek is a freelance since 11 September 2001. What has been learned? (Rout- researcher and writer. She has a PhD in ledge, 2014, co-editor). Researching the Powerful: Public social science from the Maxwell School Sociology in Action (Routledge, forthcoming, co-editor). of Syracuse University. Her doctoral research focused on Islamic activism in Lebanon and was funded by the gener- Hilary Aked is a freelance researcher ous support of the Mellon Foundation.
    [Show full text]
  • 2018 Registration Document
    2018 Registration document Annual Financial Report CONTENTS Group overview 3 Company financial statements 297 1 The strength of a unique model 20 5 5.1 Balance Sheet 298 A multi-expertise strategy 26 5.2 Income Statement 300 Scope of a global group 38 5.3 Notes to the Company financial statements 301 5.4 Statutory Auditors’ report on the financial statements 327 Eurazeo’s Corporate Social 5.5 Five-year financial summary (Article R. 225-102 of the French Commercial Code) 330 Responsibility 77 5.6 Customer and supplier settlement periods 331 2 2.1 A proactive CSR strategy 78 2.2 Non-Financial Performance Statement 92 Information on the Company 2.3 Methodology 117 and the share capital 333 2.4 Statutory Auditors’ reports 120 6 6.1 Information on the Company – Bylaws 334 6.2 Information on the share capital 340 6.3 Shareholding structure 344 Governance 125 6.4 Shareholders’ agreements 348 3 3.1 Management and Supervisory Bodies 126 6.5 Transactions in the Company’s shares 351 3.2 Compensation and other benefits received 6.6 Factors affecting a potential takeover bid 354 by corporate officers 165 6.7 Additional information 357 3.3 Interests held by members of the Supervisory and Executive Boards in the Company’s share capital and transactions in the Company’s shares by members of the Supervisory and Executive Boards 187 3.4 Risk management, internal control and main risk factors 189 Shareholders’ Meeting 361 3.5 Commitments under co-investment plans 204 7 7.1 Special Report on share subscription and purchase options (Article L.
    [Show full text]
  • Printmgr File
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act File Number 811-05823 DOMINI INVESTMENT TRUST (Exact Name of Registrant as Specified in Charter) 180 Maiden Lane, Ste. 1302, New York, New York 10038 (Address of Principal Executive Offices) Carole M. Laible Domini Impact Investments LLC 180 Maiden Lane, Ste. 1302 New York, New York 10038 (Name and Address of Agent for Service) Registrant’s Telephone Number, including Area Code: 212-217-1100 Date of Fiscal Year End: July 31 Date of Reporting Period: June 30, 2018 Item 1. Proxy Voting Record. Information for each matter relating to a portfolio security considered at any shareholder meeting held from July 1, 2017, through June 30, 2018 with respect to which the Domini Impact Equity Fund and Domini Impact International Equity Fund were entitled to vote follows. The Domini Impact Bond Fund did not hold any voting securities during the period covered by the report, and, therefore, has no proxy votes to report. <PAGE> ******************************* FORM N-Px REPORT ******************************* ICA File Number: 811-05823 Reporting Period: 07/01/2017 - 06/30/2018 Domini Investment Trust ========================== Domini Impact Equity Fund =========================== 3M COMPANY Ticker: MMM Security ID: 88579Y101 Meeting Date: MAY 08, 2018 Meeting Type: Annual Record Date: MAR 13, 2018 # Proposal Mgt Rec Vote Cast Sponsor 1a Elect Director Sondra L. Barbour For For Management 1b Elect Director Thomas ’Tony’ K. Brown For For Management 1c Elect Director David B. Dillon For For Management 1d Elect Director Michael L.
    [Show full text]
  • Combined Shareholders' Meeting of April 25, 2018
    COMBINED SHAREHOLDERS’ MEETING OF APRIL 25, 2018 Paris, April 25, 2018 - Eurazeo’s Combined Shareholders’ Meeting was held today in Paris. All forty- three resolutions presented were approved. This Shareholders’ Meeting closes a year of major transformations for Eurazeo: • Change in share ownership with the Decaux family’s investment in Eurazeo; • Change in governance with the appointment of a new Executive Board, chaired by Virginie Morgon, and an expanded Executive Committee; • Acquisition of a 70% stake in Idinvest, a leader in venture & growth capital, private debt and dedicated portfolios & funds in France and Europe; • Strategic partnership with Rhône, a major market and transatlantic player; • Birth of a new investment division, Eurazeo Brands, dedicated to high-potential brands. Activity was also brisk over these last twelve months, with the acquisition of nine new companies and partial or total divestments of eight companies. The 2018 Shareholders’ Meeting thus coincides with a key moment in Eurazeo’s development. The goal is to become a leading partner to entrepreneurs and management teams, by bolstering our presence in all segments of business financing and driving their transformation. The proposed dividend of €1.25 per share was approved by the Shareholders’ Meeting. It will be paid on May 3, 2018. The Shareholders’ Meeting also approved the appointment of Mr. Patrick Sayer, former CEO of Eurazeo and Mrs. Oudéa-Castera, former Chief Marketing & Digital Officer of Axa, as members of the Supervisory Board. Mr. Robert Agostinelli, Co-Founder and Managing Director of Rhône, was appointed as a non- voting member. *** About Eurazeo > With a diversified portfolio of approximately €15 billion in assets under management1, including €9 billion from third parties, Eurazeo is a leading global investment company with offices in Paris and Luxembourg, New York, Shanghai and Sao Paulo.
    [Show full text]
  • 2017 REGISTRATION DOCUMENT Annual Financial Report Worldreginfo - E145910a-Ed67-4E1c-A0cc-D843bdee007e CONTENTS
    2017 REGISTRATION DOCUMENT Annual Financial Report WorldReginfo - e145910a-ed67-4e1c-a0cc-d843bdee007e CONTENTS Presentation of the group 3 Company financial statements 283 1.1 Chairman's Message and joint interview 4 5 5.1 Balance Sheet 284 1.2 Made by US 14 5.2 Income Statement 286 1.3 Made with YOU 28 5.3 Notes to the Company financial statements 287 1.4 Made for ALL 60 5.4 Statutory Auditors' report on the financial statements 313 1.5 Other Management Report information 83 5.5 Five-year financial summary (Article R. 225-102 of the 316 French Commercial Code) 5.6 Customer and supplier settlement periods 317 Eurazeo’s corporate social 89 responsibility 2 Information on the Company and 319 2.1 CSR in the investment policy 90 the share capital 2.2 Progress and highlights of the year 96 6 6.1 Information on the Company – Bylaws 320 2.3 Social information 106 6.2 Information on the share capital 326 2.4 Environmental information 112 6.3 Shareholding structure 330 2.5 Societal information 120 6.4 Shareholders’ agreements 334 2.6 Methodology 125 6.5 Transactions in the Company’s shares 336 2.7 Report of one of the Statutory Auditors, designated 127 as independent third-party, on the consolidated 6.6 Factors affecting a potential takeover bid 339 social, environmental and societal information 6.7 Additional information 341 presented in the Management Report Governance 131 Shareholders’ Meetings 345 7.1 Special Report on share subscription and purchase 346 3.1 Management and Supervisory Bodies 132 7 3 options (Article L.
    [Show full text]
  • Israel’ 14 European Friends of Israel
    British Cataloguing-in-Publications Data. Further information A catalogue record for this report is available from Website: www.spinwatch.org the British Library. Email: [email protected] Mail: Spinwatch, Box 1, c/o Govanhill Baths ISBN 978-0-9570274-7-3 Community Trust 99 Calder Street, Glasgow G42 7RA Copyrights Public Interest Investigations © 2016. All rights reserved. No part of this publication maybe reproduced, stored or transmitted in any form of by any means without the prior permission from the copyright holder. Disclaimer Views and opinions expressed in this publication are those of the individual contributors and do Public Interest Investigations is an not necessarily reflect those of Public Interest independent non-profit making organisation. Investigations. Founded in 2004, Public Interest Investigations promotes greater understanding of the role Order copies of PR, propaganda, lobbying and of the This report is available for download free of charge power networks that they support, through via: www.spinwatch.org | www.europalforum.org.uk its website Spinwatch (spinwatch.org) and its investigative wiki site Powerbase (powerbase. Acknowledgements info). This report is based on research by a variety of Public Interest Investigations researchers and by the authors. The authors would like to acknowledge the following people who have advised and helped in the production of this report. We thank colleagues at Spinwatch including Tamasin Cave, Will Dinan, Eveline Lubbers and Andy Rowell, but especially Melissa Jones for editorial assistance. For research, advice and other help, Hilary Aked, Alex Doherty, James Gallagher, Tom Griffin, Josh Leeson, Narzanin Massoumi, Tom Mills, Jamie Stern-Weiner and Charlotte Young.
    [Show full text]
  • Eurazeo’S Corporate Social 5.5 Five-Year Financial Summary (Article R
    2018 Registration document Annual Financial Report CONTENTS Group overview 3 Company financial statements 297 1 The strength of a unique model 20 5 5.1 Balance Sheet 298 A multi-expertise strategy 26 5.2 Income Statement 300 Scope of a global group 38 5.3 Notes to the Company financial statements 301 5.4 Statutory Auditors’ report on the financial statements 327 Eurazeo’s Corporate Social 5.5 Five-year financial summary (Article R. 225-102 of the French Commercial Code) 330 Responsibility 77 5.6 Customer and supplier settlement periods 331 2 2.1 A proactive CSR strategy 78 2.2 Non-Financial Performance Statement 92 Information on the Company 2.3 Methodology 117 and the share capital 333 2.4 Statutory Auditors’ reports 120 6 6.1 Information on the Company – Bylaws 334 6.2 Information on the share capital 340 6.3 Shareholding structure 344 Governance 125 6.4 Shareholders’ agreements 348 3 3.1 Management and Supervisory Bodies 126 6.5 Transactions in the Company’s shares 351 3.2 Compensation and other benefits received 6.6 Factors affecting a potential takeover bid 354 by corporate officers 165 6.7 Additional information 357 3.3 Interests held by members of the Supervisory and Executive Boards in the Company’s share capital and transactions in the Company’s shares by members of the Supervisory and Executive Boards 187 3.4 Risk management, internal control and main risk factors 189 Shareholders’ Meeting 361 3.5 Commitments under co-investment plans 204 7 7.1 Special Report on share subscription and purchase options (Article L.
    [Show full text]
  • Eurazeo and Rhône to Form Strategic Partnership
    EURAZEO AND RHÔNE TO FORM STRATEGIC PARTNERSHIP EURAZEO TO ACQUIRE A MINORITY STRATEGIC INTEREST IN RHÔNE RHÔNE PARTNERS BECOME EURAZEO SHAREHOLDERS PARTNERSHIP WILL ACCELERATE THE LONG-TERM STRATEGIC DEVELOPMENT OF BOTH FIRMS Paris, London & New York, November 29, 2017 -- Eurazeo, a leading global listed investment company based in Paris and New York, and Rhône, a leading international private equity firm based in New York and London, today announce a strategic partnership. Under the terms of the agreement, Eurazeo will acquire a 30% interest in Rhône in exchange for $100 million cash (€84 million) and 2 million newly issued Eurazeo shares. Eurazeo is a Euronext-listed investment company, with total assets under management of €7 billion. Rhône is a global alternative investment management firm with over €5 billion in assets under management across both its private equity business and its real estate joint venture with WeWork, the global leader in the collaborative workspace industry. The partnership is predicated on both firms’ like-minded investment philosophy, common and complementary transatlantic heritage, and historical cultural alignment. This is evidenced by the global geographical presence of each firm, anchored by their common European and American heritage and long-standing network of relationships. The complementary skills and character of each firm will serve to enhance the benefits of the partnership for both firms and their stakeholders, including broadening their scale and scope of investment capabilities and reinforcing and cross-pollinating respective networks. One Rhône representative will serve as an observer on the Eurazeo Supervisory Board while three Eurazeo representatives will serve on Rhône’s Board of Managers.
    [Show full text]
  • THE NEW MELTING POT by Reihan Salam Bombast and Chauvinism Must Not Prevent Compassionate Assimilation
    20151231upc_cover61404-postal.qxd 12/15/2015 9:05 PM Page 1 December 31, 2015 $4.99 Christmas!Merry CHARLES C. W. COOKE: RAMESH PONNURU: WHY SELF-DEFENSE MATTERS CRUZVS. RUBIO YES,YES, RETHINK IMMIGRATION The case for a new melting-pot nationalism REIHAN SALAM www.nationalreview.com base_milliken-mar 22.qxd 12/14/2015 12:37 PM Page 1 TOC_QXP-1127940144.qxp 12/16/2015 2:22 PM Page 1 Contents DECEMBER 31, 2015 | VOLUME LXVII, NO. 24 | www.nationalreview.com ON THE COVER Page 22 The New Melting Pot Jay Nordlinger on Clive A. Babkirk A new culture war is breaking p. 40 out over the future of American national identity in the face of rapid and accelerating demographic change. BOOKS, ARTS To win this new culture war, conserva- & MANNERS tives must do more than embrace a 35 THE REDUCTIONIST TRAP new approach to immigration. They Daniel Foster reviews The Evolution of Everything: must offer a new conception of How New Ideas Emerge, by Matt Ridley. American nationhood. Reihan Salam 37 A NEW CHRISTIAN COVER: ROMAN GENN Sarah Ruden reviews Augustine: Conversions to Confessions, by Robin Lane Fox. ARTICLES 38 MYSTERY MAN 15 CRUZ VS. RUBIO by Ramesh Ponnuru Robert Dean Lurie reviews They are having to disagree because they are so much alike. The Political World of Bob Dylan: Freedom and Justice, 16 DISCRIMINATING DISCRIMINATION by Kevin D. Williamson Power and Sin, by Jeff Taylor and Of Donald Trump and immigration. Chad Israelson. RECLAIMING TRADITIONAL EDUCATION by Samuel Goldman 18 40 AN AMERICAN ORIGINAL Why we should study old books and beautiful things.
    [Show full text]
  • “It's a White Man's World”
    Coha_9780767919791_5p_all_r1.qxp 1/7/08 3:44 PM Page 385 CHAPTER 14 “It’s a White Man’s World” here is a much-discussed story in the Lazard annals about a private-jet trip that the CEO of an important client took with T Michel, Lou Perlmutter, and their wives down to a gathering at Caneel Bay in the U.S. Virgin Islands. “And here they are at twenty-five thousand feet,” explained a Lazard partner. Three odd couples. The CEO is a good guy, Midwestern, good-looking, white button-down shirt. Just what you would expect. And somehow the discussion got to be about the difficulties of getting into college in the U.S. And the CEO starts telling the story about his seventeen-year-old son, eighteen-year-old son, who was going to be taking the SAT test and how they hired a tutor for the English and the math. Once or twice a week you have these prep sessions. Anyway, they hired a teacher from the school, he was at a private school, and they hired a teacher. So the CEO and his wife are out one night and the wife gets sick and asks to come home early. And they come back after forty-five minutes or so or something like that, and they find the kid in the sack with the SAT prep teacher. Lou Perlmutter can’t believe this story. The CEO is sort of bar- ing his soul a little bit. Well, Lou didn’t know what to say. The first per- son to speak was Michel, who offered his very French way of consoling, of expressing his sympathies for the CEO.
    [Show full text]