Examples of Arena Group in a sentence
WAHII is the sole limited partner of Arena Investors, LP, a limited partnership established under the laws of Delaware to carry on the third-party investment management business of the Arena Group.
The Company’s principal investments consist of HIIG (through Westaim HIIG Limited Partnership) and the Arena Group.
Arena Group The Arena Group consists of the following three businesses: Arena Investors – WAHII, ASOF-ON GP and ASOF-OFF II GP (collectively, “Arena Investors”) jointly operate as an investment manager offering clients access to fundamentals-based, asset-oriented credit investments.
On May 28, 2015, pursuant to the 2015 Concurrent Private Placement, 6,823,152 Special Warrants were sold at a price of C$3.25 per Special Warrant to members of the Company's Board of Directors and management team, a shareholder of HIIG and members of the future Arena Group management team as well as to HIIG and certain HIIG subsidiaries for portfolio investment purposes, on terms equivalent to the other participants in the 2015 Concurrent Private Placement.
The Company’s principal investments consist of HIIG and the Arena Group.
Based on this arm’s length indicative price, the carrying value of the property, plant and equipment of Fortune Arena Group was not considered to be recoverable and an impairment charge on the property, plant and equipment has been recognised.
As of December 31, 2019, the Arena Group had committed AUM of approximately $1.3 billion.
Arena Group The Arena Group consists of the following three businesses: • Arena Investors – WAHII, ASOF-ON GP and ASOF-OFF II GP (collectively, “Arena Investors”) jointly operate as an investment manager offering clients access to fundamentals-based, asset-oriented credit investments.
For a description of the strategy of the Arena Group, see “Investment in the Arena Group” below.
In order to provide funding to Arena Finance and Arena Origination, and capitalize and fund the start-up costs of the Arena Group, on May 28, 2015 the Company entered into an agreement (the “Underwriting Agreement”) with a syndicate of underwriters (collectively, the “Underwriters”), pursuant to which the Underwriters agreed to purchase, on a private placement basis, 61,540,000 special warrants of the Company (the “Special Warrants”) at a price of C$3.25 per Special Warrant (the “2015 Offering”).