January 21, 2021

Avendra is sold

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From HOTEL BUSINESS Marriott International has revealed that the owners of Avendra LLC have reached a binding agreement to sell Avendra to Aramark for $1.35 million. After redemption of management participation rights, transaction costs, and repayment of Avendra’s outstanding debt, Avendra’s founding shareholders—Marriott, Hyatt, Accor, ClubCorp and IHG—expect to receive approximately $1.18 million in cash […]

Crosswinds Holdings Inc. announces approval of Crosswinds Re and appointment of Paul Markey as Independent Director

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TORONTO, ONTARIO–(Marketwired – Sept. 13, 2016) – Crosswinds Holdings Inc. (“Crosswinds” or the “Company”) (TSX:CWI) is pleased to announce that it has formed Crosswinds Re, a new specialty Cayman reinsurance company. Crosswinds Re has been issued a license from the Cayman Islands Monetary Authority (“CIMA”) to operate as a Class B(iii) reinsurer. Crosswinds Re will […]