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MAV BEAUTY BRANDS RECEIVES COURT APPROVAL OF SALE OF SUBSTANTIALLY ALL OF ITS ASSETS TO NEXUS CAPITAL MANAGEMENT
MAV BEAUTY BRANDS RECEIVES COURT APPROVAL OF SALE OF SUBSTANTIALLY ALL OF ITS ASSETS TO NEXUS CAP...
About this update from Maverick Gold And Silver Corporation
[{"type":"text","content":"\n \n \n \n MAV BEAUTY BRANDS RECEIVES COURT APPROVAL OF SALE OF SUBSTANTIALLY ALL OF ITS ASSETS TO NEXUS CAPITAL MANAGEMENT\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n VAUGHAN, ON\n \n ,\n \n \n Nov. 24, 2023\n \n \n /CNW/ - MAV Beauty Brands Inc. (\"MAV Beauty Brands\" or the \"Company\"), a global personal care company, today announced that it has obtained the approval of the Ontario Superior Court of Justice (Commercial List) under the\n \n Companies' Creditors Arrangement Act\n \n for the sale of substantially all of the assets of the Company and its subsidiaries to an affiliate of Nexus Capital Management LP, a\n \n Los Angeles\n \n -based private equity firm. The Company anticipates that the completion of the sale will occur on or about\n \n December 8, 2023\n \n , but not later than\n \n December 22, 2023\n \n , subject to the satisfaction or waiver of customary closing conditions.\n \n \n MAV Beauty Brands anticipates that its operations will continue uninterrupted in the ordinary course of business.\n \n \n The trading of the Company's common shares on the Toronto Stock Exchange (the \"TSX\") has halted and the TSX will delist the Company's common shares on\n \n December 21, 2023\n \n .\n \n \n \n About MAV Beauty Brands\n \n \n \n MAV Beauty Brands is a global hair care and personal care platform focused on managing independent brands. Today, MAV Beauty Brands markets a diversified portfolio of four complementary brands – Marc Anthony True Professional, Renpure, Cake Beauty and The Mane Choice – offering premium quality hair care, face and body care beauty products. These products are sold in over 25 countries around the world and in many major retailers.\n \n \n \n About\n \n \n Nexus Capital Management\n \n \n \n Nexus Capital Management LP is an alternative asset investment management company based in\n \n Los Angeles, California\n \n that was founded in 2013. Nexus employs a flexible investment mandate that focuses on long-term value creation by partnering with leading management team...