Today's Date: March 28, 2024
Tractor Supply Opens Applications for Second Annual Open Buying Days Event   •   Lutheran Senior Services and Diakon Enter Into Senior Living Agreement   •   Leading In-Home Care Franchise Looks to Expand in La Crosse   •   Children's Hospital of Philadelphia's Richard D. Wood Jr. Center for Fetal Diagnosis and Treatment Earns Two Press Ganey Awards   •   Jack Link’s® Unveils a Sweet Collaboration with Dr Pepper® That Brings Two Classic Tastes Together   •   Morningstar Publishes Fourth Annual Corporate Sustainability Report   •   Modern Health & Naomi Osaka’s Hana Kuma Launch Mental Health Focused Video Podcast Series “Can’t Wait To H   •   Guaranteed Rate Welcomes New Atlanta Branch Manager, Carlos Mata   •   Yamaha Motor Signs Technical Partnership with Lola Cars for Development and Supply of Powertrains for Formula E   •   /R E M I N D E R -- Travelling for Easter? The Canada Border Services Agency gives tips for a smooth trip/   •   Stamp showcasing maamoul commemorates Islamic festivals of Eid al-Fitr and Eid al-Adha   •   ElementalTV and Spanglish Movies Partner to Accelerate US Hispanic Market Activations in CTV Advertising: 'Spanglish Audiences'   •   In 23rd Annual Sexual Assault Awareness Month Campaign, NSVRC Calls for Building Connected Communities to Prevent Sexual Violenc   •   Black & Veatch Distributed Infrastructure Business Awarded Highest OSHA Star Recognition   •   THE ST. JAMES AND TPH ACADEMY PARTNER TO LAUNCH PREMIER ACADEMIC AND SPORTS PERFORMANCE ACADEMY SERVING THE GREATER WASHINGTON R   •   Green Boom Expands Product Line to The Home Depot   •   From Tee to Triumph: Teen Entrepreneur and Golf Sensation Hosts First Annual Autism Awareness Golf Tournament   •   BMO Recognized for Gender Equity by Report on Business' Women Lead Here List 2024   •   Boston Children’s Hospital and NRG Energy celebrate $1 million milestone, thanks to the Choose to Give program   •   ComPsych Corporation Announces 2023 Health at Work Award Winners
Bookmark and Share

Parallaxes Capital Highlights Terminated TRA of a Leading Packaging Solutions Provider

Parallaxes Capital Highlights Terminated TRA of a Leading Packaging Solutions Provider

PR Newswire

NEW YORK, Dec. 1, 2022 /PRNewswire/ -- Parallaxes Capital Management ("Parallaxes") is an alternative asset manager and, since 2017, has raised four funds dedicated to Tax Receivable Agreements ("TRAs"). As the market leader in monetizing TRAs, Parallaxes is dedicated to increasing the visibility and transparency of TRAs which remain an often overlooked and misunderstood asset class. In the vein of creating greater visibility into the TRA ecosystem, Parallaxes is pleased to highlight a notable development in the market as Graphic Packaging Holding Company ("GPHC") previously terminated its TRA.

GPHC disclosed that it paid $109 million to terminate its TRA. The GPHC TRA provided for the payment of 50% of the present value of certain tax benefits projected to be realized by the Company as a result of exchanges of subsidiary units for GPHC stock.

Parallaxes views TRAs, including the GPHC TRA, as a valuable tool to reduce certain moral hazard problems and informational asymmetry inherent in a company's public offering. TRAs help ensure that pre-IPO owners are economically aligned with new public shareholders and incentivize pre-IPO owners to pursue an IPO structure that provides the company with ongoing tax benefits. Parallaxes anticipates enhanced awareness and understanding of TRAs will drive increased market adoption.

About Parallaxes Capital

Parallaxes Capital Management ("Parallaxes") is the premier investment firm focused exclusively on monetizing Tax Receivable Agreements ("TRAs"). Parallaxes offers private equity sponsors, co-investors and management team members solutions to achieve liquidity, diversification and optionality from their TRAs. Parallaxes was founded in 2017 and is comprised of experienced investment professionals from leading private equity and growth equity firms. To learn more, please visit www.plxcap.com

Disclosures

This press release should not be regarded as representative of an official position or statement of Parallaxes or any related entity.

Cision View original content:https://www.prnewswire.com/news-releases/parallaxes-capital-highlights-terminated-tra-of-a-leading-packaging-solutions-provider-301689689.html

SOURCE Parallaxes Capital



Back to top
| Back to home page
Video

White House Live Stream
LIVE VIDEO EVERY SATURDAY
alsharpton Rev. Al Sharpton
9 to 11 am EST
jjackson Rev. Jesse Jackson
10 to noon CST


Video

LIVE BROADCASTS
Sounds Make the News ®
WAOK-Urban
Atlanta - WAOK-Urban
KPFA-Progressive
Berkley / San Francisco - KPFA-Progressive
WVON-Urban
Chicago - WVON-Urban
KJLH - Urban
Los Angeles - KJLH - Urban
WKDM-Mandarin Chinese
New York - WKDM-Mandarin Chinese
WADO-Spanish
New York - WADO-Spanish
WBAI - Progressive
New York - WBAI - Progressive
WOL-Urban
Washington - WOL-Urban

Listen to United Natiosns News