CIBC Wood Gundy Capital and Atlantic Medical Partners announce agreement to pursue investments in health care companies.NEW YORK--(BUSINESS WIRE)--Nov. 14, 1995--CIBC Wood Gundy Capital, the merchant banking arm of Canadian Imperial Bank of Commerce The Canadian Imperial Bank of Commerce TSX: CM NYSE: CM, better known to most customers as CIBC, is one of Canada's major banks. CIBC is classified as a Domestic Chartered Bank (Schedule I). (CIBC CIBC Canadian Imperial Bank of Commerce CIBC Centres Interinstitutionnels de Bilan de Compétences CIBC Commonwealth Institute of Biological Control (Trinidad) CIBC Commercial International Brokerage Company ), and Atlantic Medical Partners, a New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of private investment firm, today announced an agreement to collaborate on private investments in health care companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Canada and Europe. "This arrangement combines Atlantic Medical's considerable expertise in health care investments, operations and transactions with our organization's investment banking experience and CIBC's substantial financial resources," said Lori Koffman, a managing director of CIBC Wood Gundy CIBC Wood Gundy was created in 1988 with the purchase of Wood Gundy Inc. by CIBC. CIBC Wood Gundy is a division of CIBC World Markets. Canadian Imperial Bank of Commerce Chief Executive Officer: Gerald T. McCaughey | FY 2006 Statistics: Net income: $2. Capital in New York. "The resulting synergies will create a significant alternative equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. source for health care businesses seeking capital for growth, consolidation, restructuring or buyouts." She added that each of the three partners of Atlantic -- J. Andrew Cowherd, H. Tomkins O'Connor and Michael J. Sinclair -- have been involved in health care businesses and investments for the bulk of their careers, which cover a combined total of 50 years. "We're delighted to have CIBC Wood Gundy Capital as a partner," said Sinclair. "The new venture gives us the ability to consummate transactions with an experienced, well-regarded investment team." He added that Atlantic Medical Partners is seeking to raise $150 million from limited partners and expects to meet this goal in 1996. CIBC Wood Gundy Capital was formed in 1989 to provide equity capital to U.S. and Canadian companies This is a list of companies from Canada.
Directory: A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Current Companies , both public and private. It has since made more than $500 million in investments throughout North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. from booking entities in Toronto, Montreal and New York. Atlantic Medical Partners was founded in 1993 for the purpose of making acquisitions in health care companies. It provides capital for growth, acquisitions, buyouts, recapitalizations and other special situations. With assets of U.S. $119 billion, CIBC is one of the 10 largest banks in North America and the second largest financial institution in Canada. It maintains its U.S. headquarters in New York and has offices in Atlanta, Chicago, Houston, Los Angeles and San Francisco. In 1988, it acquired a majority interest in Wood Gundy Inc. (now known as CIBC Wood Gundy Securities Inc.), a leading Canadian investment dealer with 51 branches in Canada and offices or subsidiaries in the United Kingdom, Hong Kong, Japan and the United States. CIBC Wood Gundy's Securities Inc.'s U.S. subsidiary, CIBC Wood Gundy Securities Corp., has offices in New York and Boston. Canadian Imperial Bank of Commerce (CIBC) is licensed to do business in the United States and is affiliated with CIBC Wood Gundy Securities Corp., a New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. member formerly known as Wood Gundy Corp. The CIBC and Wood Gundy trademarks are used under license. CIBC Wood Gundy Securities Corp. is solely responsible for its contractual obligations and commitments. CONTACT: Robert S. Cole Corporate Communications USA 212/856-4030 |
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