Orange Equity Signs Option Agreement to Obtain a Majority Stake in Publicity Rights of Edward G. Robinson
In June 2011, Orange Equity closed on an Option Agreement to obtain a majority stake in the publicity rights of legendary actor, “Little Caesar” star, and frequent Humphrey Bogart co-star Edward G. Robinson. Mr. Robinson was awarded a Lifetime Achievement Academy Award in 1973, and ranks amongst the Top 25 on the American Film Institute list of the greatest male screen legends of all time.
Bogart LLC Settles Trademark Infringement Suit
In May 2011, Orange Equity portfolio company Bogart LLC settled its federal trademark infringement lawsuit against a group of leading furniture retailers. The group had been selling an unauthorized line of “Bogart” furniture. Read press coverage of the story here
Orange Equity Invests in 33 Forest capital, BV
In March 2011, Orange Equity made an investment in 33 Forest Capital, BV. 33 Forest Capital represents a collaboration between Orange Equity and 33 Asset Management, which is a Dutch boutique investment firm with its main interests in renewable energy and the carbon market. 33 Forest Capital is assisting Cikel Group, a large Brazilian concern focused on sustainable logging and forestry management, with validating and marketing its REDD credits in relation to its operations in the Amazon Rain Forest.
Orange Equity Expands Its Stake In Bogart, LLC
In February 2011, Orange Equity exercised its option right and enlarged its stake in Bogart, LLC. Orange Equity and the Humphrey Bogart Estate now each own approximately a one-half interest in Bogart, LLC.
Flagship Group, LLC closes on a Series B Investment
In January 2011, Flagship Group, LLC closed on a Series B investment with a well-respected New York-based private equity firm. The investment further strengthens the company’s balance sheet and puts it in an excellent position to continue its growth. Flagship Group, LLC now employs 50 people, manages five residential care facilities, has been awarded two additional developments, and has annual revenues in excess of $2 million.
ExamWorks begins trading on the NYSE
On October 28, 2010, ExamWorks began trading on the NYSE under the ticker symbol EXAM after a successful Goldman Sachs-led IPO. This IPO represents the first liquidity event for an Orange Equity portfolio company. We are very proud to announce that, after deduction of all costs and fees, the Internal Rate of Return (IRR) of our investment was 371%. We are very pleased with this result, especially in this challenging environment. You can read about the IPO here