Monday - November 25, 2024
State Tipoffs Involving Illinois Newsletter for Friday October 11, 2024 ( 26 items )  

Alerus Financial Corporation Completes Acquisition of HMN Financial
CHICAGO, Illinois, Oct. 11 -- Barack Ferrazzano, a law firm, issued the following news release: The BFKN Financial Institutions Group served as legal counsel to Alerus Financial Corporation ("Alerus") (NASDAQ: ALRS) in its completion of the previously announced acquisition of HMN Financial, Inc. ("HMNF") (NASDAQ: HMNF), pursuant to which Alerus has acquired HMNF, a savings and loan holding company headquartered in Rochester, Minnesota, and the parent company of Home Federal Savings Bank ("Home   more

Augustana College: Symposium Day Brings Big Ideas to Campus
ROCK ISLAND, Illinois, Oct. 11 -- Augustana College issued the following news: Augustana's fall Symposium Day 2024 invited big ideas from any and all disciplines, welcoming presentations from students, faculty and staff, and distinguished guests -- including keynote speaker Dr. Roosevelt Montas from Columbia University and alumna Dr. Chris Hedlin '11 from the University of Notre Dame. Dr. Jason Mahn, professor of religion, and Lindsay Adolphs, assistant vice president of CORE and community-eng  more

Boeing-Built X-37B Begins Advanced Space Maneuvering
CHICAGO, Illinois, Oct. 11 -- Boeing, an aerospace company and a manufacturer of commercial jetliners and defense, space and security systems, issued the following news release: * * * - 10 months into its 7th mission, the Orbital Test Vehicle (OTV-7) continues to set the pace of technology demonstrations in space. - Upcoming aerobraking will expand the United States Space Force's knowledge of maneuvering between orbits with minimal fuel usage. * * * KENNEDY SPACE CENTER, Fla, Oct.10, 2024 -  more

ComEd Joins Gov. Pritzker and Illinois Delegation in Leading Clean Energy Roundtable With Top Japanese Executives in Tokyo
CHICAGO, Illinois, Oct. 11 -- Commonwealth Edison, a subsidiary of Exelon, issued the following news release: ComEd's President and CEO Gil Quiniones joined Illinois Governor JB Pritzker in hosting a roundtable on clean energy with top executives from Japanese energy companies, as part of a multi-day trade mission to Japan led by the Governor. The roundtable, held at Bloomberg's Tokyo headquarters, was joined by a delegation of Illinois businesses and community leaders. Its goal was to advance  more

Delta Regional Authority: Biden-Harris Administration Invests $1.5 Million Into Southern Illinois Communities
CLARKSDALE, Mississippi, Oct. 11 -- The Delta Regional Authority issued the following news release: * * * DRA invests $1.5 million into three projects impacting Southern Illinois communities through States' Economic Development Assistance Program * * * The Delta Regional Authority (DRA), in collaboration with the state of Illinois, recently invested $1.5 million toward three projects in Southern Illinois through its States' Economic Development Assistance Program (SEDAP) -- one of DRA's main  more

EPIC Air Quality Fund Receives a Surge of Demand From Highly-Polluted Countries With Limited Infrastructure
CHICAGO, Illinois, Oct. 10 (TNSres) -- The University of Chicago's Energy Policy Institute issued the following news: * * * Three-quarter of applicants are from countries identified as "higher priority", namely in Asia, Africa and Latin America * * * The EPIC Air Quality Fund was launched in July 2024 with $1.5 million from Open Philanthropy. The Fund aims to expand air quality data access globally and reach 1 billion people by 2030 by supporting local groups and organizations in installing   more

ICC Approves Rail Crossing Safety Upgrades in St. Clair County
SPRINGFIELD, Illinois, Oct. 11 -- The Illinois Commerce Commission issued the following news release: This week, the Illinois Commerce Commission (ICC) approved a stipulated agreement to enhance safety measures at three highway-rail crossings near New Athens and Lenzburg in St. Clair County. The crossings are located at Nuernberger Rd (AAR/DOT #296113Y), Golden Rule Mine St (AAR/DOT #296116U), and South Main St (AAR/DOT #296118H) over Illinois Central Railroad's tracks. "Enhancing the safety o  more

Ill. Gov. Pritzker: 2024 Du Quoin State Fair Breaks Attendance Records
DU QUOIN, Illinois, Oct. 11 -- Gov. JB Pritzker, D-Illinois, issued the following news release on Oct. 10, 2024: * * * Growth attributed to new attractions, cooler temperatures & overall improvements * * * Governor JB Pritzker announced that more than 204,000 people attended the 2024 Du Quoin State Fair, breaking the previous record of 171,000 set in 2022. This marks the first time that fair attendance has exceeded 200,000 since industry standards were enacted. From the Twilight Parade that  more

JLL Capital Markets Closes Sale of Warehouse-Ready Site
CHICAGO, Illinois, Oct. 11 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release: * * * Link Logistics acquires 2 Hilton Court, a 10.41-acre property in infill Northern New Jersey * * * MORRISTOWN, N.J., Oct. 10, 2024 - JLL Capital Markets announced today the sale of 2 Hilton Court, a 10.41-acre site, which will be redeveloped into a 123,000-square-foot warehouse in Parsippany, New Jersey. JLL worked on behalf of the seller, 2 Hilton Cour  more

Jones Lang LaSalle: $43.6M Financing Secured for Luxury Charlotte Multifamily Development
CHICAGO, Illinois, Oct. 11 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release on Oct. 10, 2024: * * * JLL Capital Markets arranges funding for Vista Residential Partners' McAlpine Vista project, set for 2026 completion * * * JLL Capital Markets announced today that it has secured a $43.6 million financing for McAlpine Vista, a 320-unit surface-parked multifamily project located in Charlotte, North Carolina. JLL worked on behalf of the b  more

Jones Lang LaSalle: Cleveland MSA's Gateway Commerce Center Sold
CHICAGO, Illinois, Oct. 11 -- Jones Lang LaSalle, a real estate and investment management company, issued the following news release on Oct. 10, 2024: * * * JLL Capital Markets led the sale efforts for a 434K SF mission-critical Class A industrial facility * * * JLL Capital Markets announced today the sale of Gateway Commerce Center, a 434,171-square-foot industrial facility located at 10242 State Route 43 in Streetsboro, Ohio within the Cleveland MSA. JLL represented the seller, a joint ve  more

Kirkland Advises Brookfield on Recommended Cash Offer for Tritax EuroBox
CHICAGO, Illinois, Oct. 11 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis is advising the board of directors of Titanium Ruth Bidco Limited, a newly formed company indirectly owned by one of Brookfield's real estate private funds, on its recommended cash offer for the entire issued, and to be issued, ordinary share capital of Tritax EuroBox. The cash offer values Tritax EuroBox's entire issued, and to be issued, ordinary share capital at approximately po  more

Kirkland Advises FundRock on Acquisition of Nikko Asset Management Luxembourg
CHICAGO, Illinois, Oct. 11 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis is advising FundRock Management Company S.A., a subsidiary of Apex Group Ltd., on its acquisition of Nikko Asset Management Luxembourg S.A. from Nikko Asset Management Co., Ltd., one of Asia's largest asset managers. This transaction is subject to applicable regulatory approvals and other customary conditions. Read Apex's press release (https://www.apexgroup.com/insights/nikko-am-  more

Kirkland Advises Milk Specialties on $300 Million Dividend Recapitalization
CHICAGO, Illinois, Oct. 11 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Milk Specialties Global on a $300 million dividend recapitalization. The transaction included a $300 million second-lien term loan facility, which was provided by GoldenTree Asset Management LP. The Company's preexisting first-lien secured credit facility remains in place. Milk Specialties is an industry-leading, vertically integrated ingredient manufacturer focused on the   more

Kirkland Advises Strategic Value Partners and APCOA on Senior Secured Notes Offering
CHICAGO, Illinois, Oct. 11 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised Strategic Value Partners and APCOA, the leading European parking infrastructure operator and services provider, on the offering of APCOA's Euros685 million senior secured notes due 2031, comprising Euros300 million aggregate principal amount of 6.00% senior secured notes due 2031 and Euros385 million aggregate principal amount of senior secured floating rate notes due 2031.   more

Kirkland Advises Underwriters on KinderCare IPO
CHICAGO, Illinois, Oct. 11 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised the underwriters on the initial public offering of KinderCare Learning Companies, Inc. (NYSE: KLC). The nation's largest private provider of early childhood education by center capacity priced its IPO at $24 per share on October 8, 2024, and shares began trading on October 9, 2024. The IPO included 24 million shares of common stock, and underwriters have a 30-day option to   more

Kirkland Advises VSP Vision on Acquisition of Eyemart Express
CHICAGO, Illinois, Oct. 11 -- Kirkland and Ellis, a law firm, issued the following news release: Kirkland & Ellis advised vision benefits company VSP Vision on a definitive agreement to acquire Eyemart Express from private equity firms FFL Partners and Leonard Green & Partners. The acquisition was announced October 9, 2024. With nearly 250 stores in 42 states, the acquisition of Texas-based Eyemart Express will mark another significant network investment by VSP Vision to serve its more than 85  more

McDermott Will & Emery Advises Palatino on Strategic Partnership With La. Bottega
CHICAGO, Illinois, Oct. 11 -- McDermott Will and Emery, a law firm, issued the following news release: McDermott Will & Emery has advised Palatino and its shareholders on a strategic partnership with La Bottega. This alliance combines the expertise and resources of both companies to offer an integrated service to luxury hotels worldwide, with a focus on growth and innovation in the sector. The McDermott team on this transaction comprised: * Fabrice Piollet (partner) Julien-Pierre Tannoury an  more

Northwestern to promote toddler mental health with $11.7 million NIMH grant
EVANSTON, Illinois, Oct. 10 -- Northwestern University issued the following news release: Kristin Samuelson CHICAGO - Northwestern University has launched a new Mental Health, Earlier Center at the Institute for Innovations in Developmental Sciences (DevSci), thanks to an $11.7 million award from the National Institute of Mental Health (NIMH) of the National Institutes of Health. Co-led by researchers at the Spencer Fox Eccles School of Medicine at the University of Utah, the center will addr  more

RSM Revolutionizes Insurance Pricing With AI Solutions Through Strategic Relationship With Akur8
CHICAGO, Illinois, Oct. 11 -- RSM U.S., an independent audit, tax and consulting firm, issued the following news release: RSM US LLP - the leading provider of assurance, tax and consulting services for the middle market - is pleased to announce a strategic agreement with Akur8, a provider of AI-driven insurance pricing and reserving solutions. The collaboration marks continued advancement in RSM's commitment to enhancing the growth and profitability of insurance companies using innovative techn  more

RSM US and RSM UK Pursue Transatlantic Merger to Strengthen Client Offering
CHICAGO, Illinois, Oct. 11 -- RSM U.S., an independent audit, tax and consulting firm, issued the following news release: * * * RSM's largest entities work toward accelerating delivery of high quality, globally integrated services designed for the middle market. New structure would establish a leading partner-owned organization with enhanced reach and resources to service global clients. * * * London and Chicago - (October 11, 2024) - RSM US LLP and RSM UK Holdings Limited - the leading pro  more

UChicago Alum John Jumper Shares Nobel Prize for Model to Predict Protein Structures
CHICAGO, Illinois, Oct. 10 (TNSres) -- The University of Chicago issued the following news: * * * AlphaFold co-inventor becomes 100th scholar associated with UChicago to receive Nobel Prize * * * By Louise Lerner University of Chicago alum John Jumper was awarded a share of the 2024 Nobel Prize in Chemistry on Oct. 9 for developing an AI model that predicts the complex folded structures of proteins. The Royal Swedish Academy of Sciences honored Jumper, who received his master's degree in 2  more

UChicago to Discuss Climate and Energy, Launch New Institute at Oct. 30 Event
CHICAGO, Illinois, Oct. 11 (TNSres) -- The University of Chicago issued the following news: * * * Day of conversations will feature leaders in academia, industry and government while highlighting UChicago research * * * By Vicki Ekstrom High The University of Chicago will host an Oct. 30 event featuring world-leading scholars and leaders from industry and government discussing climate and energy policy and research--culminating with the official launch of a groundbreaking new climate and en  more

University of Chicago Booth School of Business Announces New Family Office Initiative
CHICAGO, Illinois, Oct. 10 (TNSres) -- The University of Chicago Booth School of Business issued the following news on Oct. 9, 2024: * * * The comprehensive initiative will serve the educational, research and network needs of current and future family office leaders throughout the world. * * * The University of Chicago Booth School of Business today announced the creation of the new Family Office Initiative (FOI), one of the first comprehensive programs focused on family office leaders at a   more

WIU Public Health Graduate Accepted Into KPAFP 2025-2026
MACOMB, Illinois, Oct. 11 -- Western Illinois University issued the following news release: Western Illinois University Master of Public Health graduate student Oladimeji Taiwo has been accepted into the highly competitive 2025-2026 cohort of the Kaiser Permanente Administrative Fellowship Program (KPAFP), a national initiative designed to develop the next generation of healthcare leaders. The KPAFP is renowned for providing its fellows with comprehensive knowledge of healthcare operations and  more

WIU Receives Insight Into Diversity 2024 Higher Education Excellence In Diversity Award
MACOMB, Illinois, Oct. 11 -- Western Illinois University issued the following news release on Oct. 10, 2024: MACOMB/MOLINE, IL - - Today, Western Illinois University received the 2024 Higher Education Excellence in Diversity (HEED) Award from Insight Into Diversity magazine, the oldest and largest diversity-focused publication in higher education. As a recipient of the annual HEED Award -- a national honor recognizing U.S. colleges and universities that demonstrate an outstanding commitment to   more