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Tom Hicks
Thomas Ollis Hicks Sr. (born February 7, 1946), is an American private equity investor and sports team owner living in Dallas, Texas. ''Forbes'' magazine estimated Hicks' wealth at $1 billion in 2009, but it dropped to $700 million in 2010. Hicks co-founded the investment firm, Hicks, Muse, Tate & Furst, previously owned 50% of the English football club Liverpool F.C., and is chairman of Hicks Holdings LLC, which owns and operates Hicks Sports Group, the company that formerly owned the Texas Rangers, the Dallas Stars, and the Mesquite Championship Rodeo. In 2010, Hicks was forced to sell the Rangers and Liverpool to satisfy his creditors, and the Stars went into bankruptcy the following year. Biography The son of a Texas radio station owner, Hicks was born in Port Arthur, Texas, and graduated from Thomas Jefferson High School, in Port Arthur, in 1964. Hicks received his bachelor's degree in finance from the University of Texas in 1968, and received his MBA from the Univ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Liverpool F
Liverpool is a port City status in the United Kingdom, city and metropolitan borough in Merseyside, England. It is situated on the eastern side of the River Mersey, Mersey Estuary, near the Irish Sea, north-west of London. With a population of (in ), Liverpool is the administrative, cultural and economic centre of the Liverpool City Region, a combined authority, combined authority area with a population of over 1.5 million. Established as a borough in Lancashire in 1207, Liverpool became significant in the late 17th century when the Port of Liverpool was heavily involved in the Atlantic slave trade. The port also imported cotton for the Textile manufacture during the British Industrial Revolution, Lancashire textile mills, and became a major departure point for English and Irish emigrants to North America. Liverpool rose to global economic importance at the forefront of the Industrial Revolution in the 19th century and was home to the Liverpool and Manchester Railway, firs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas Jefferson High School (Port Arthur, Texas)
Thomas Jefferson High School was a public high school in Port Arthur, Texas and a part of the Port Arthur Independent School District. Prior to 1965 schools were segregated by race and white students attended Jefferson; the school began admitting black students that year. In 2002 it merged into Memorial High School. Janis Joplin and Pro Football Hall of Fame The Pro Football Hall of Fame is the hall of fame for professional football (gridiron), professional American football, located in Canton, Ohio. Opened on September 7, 1963, the Hall of Fame enshrines exceptional figures in the sport of profes ... coach Jimmy Johnson were 1960 graduates of the school. References External links * 2002 disestablishments in Texas Educational institutions disestablished in 2002 Public high schools in Texas High schools in Jefferson County, Texas {{Texas-school-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Life Insurance
Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract A contract is an agreement that specifies certain legally enforceable rights and obligations pertaining to two or more parties. A contract typically involves consent to transfer of goods, services, money, or promise to transfer any of thos ... between an insurance policy holder and an insurance , insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the death of an insured person. Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum. The benefits may include other expenses, such as funeral expenses. Life policies are legal contracts and the terms of each contract describe the limitations of the insured events. Often, specific exclusions written into the contract limit the liability of the insurer; c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prudential Financial
Prudential Financial, Inc. is an American financial services company whose subsidiaries provide insurance, retirement planning, investment management, and other products and services to both Investor#Retail_investor, retail and institutional customers throughout the United States and in over 40 other countries. In 2019, Prudential was the largest insurance provider in the United States with $815.1 billion in total assets. The company is included in the Fortune Global 500, ''Fortune'' Global 500 and Fortune 500, ''Fortune'' 500 rankings. Logo The use of Prudential's symbol, the Rock of Gibraltar, began after an advertising agent passed Snake Hill, Laurel Hill, a volcanic neck, in Secaucus, New Jersey, on a train in the 1890s. The related slogans "Get a Piece of the Rock" and "Strength of Gibraltar" are also still quite widely associated with Prudential, though current advertising uses neither of these. Through the years, the symbol went through various versions, but in 1989, a s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hicks, Muse, Tate & Furst
HM Capital Partners was a private equity firm in the United States that specialized in leveraged buyouts. The firm was previously known as Hicks, Muse, Tate & Furst. It was founded in 1989 by Tom Hicks and John Muse as Hicks, Muse & Co. and was changed in 1994 to reflect the roles of Charles Tate and Jack Furst. History Hicks & Haas The son of a Texas radio station owner, Tom Hicks became interested in leveraged buyouts as a member of First National Bank's venture capital group. Hicks and Robert Haas formed ''Hicks & Haas'' in 1984; the next year that firm bought ''Hicks Communications'', a radio outfit run by Hicks' brother Steven. (This would be the first of several media companies bought or created by the buyout firm that involved Steven Hicks.) Hicks & Haas' biggest coup was its mid-1980s acquisition of several soft drink makers, including Dr Pepper and 7 Up. The firm took Dr Pepper/7 Up public just 18 months after merging the two companies. In all, Hicks & Haas turned an $8 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
7 Up
7 Up (stylized as 7UP worldwide) or Seven Up is an American brand of Lemon-lime drink, lemon-lime–flavored non-caffeinated soft drink. The brand and formula are owned by Keurig Dr Pepper, although the beverage is internationally distributed by PepsiCo except the UK where it is distributed by Carlsberg Britvic, PepsiCo's designated UK distributor. History 7 Up was created by Charles Leiper Grigg, who launched his St. Louis–based company The Howdy Corporation in 1920. Grigg came up with the formula for a lemon-lime soft drink in 1929, and the product was launched two weeks before the Wall Street Crash of 1929. An oft-repeated story is that the drink was originally called "Bib-Label Lithiated Lemon-Lime Soda," but some have argued that there is little to no evidence that a drink with this name actually existed. The drink did, however, claim to contain lithium citrate, a mood-stabilizing drug, initially. It was one of a number of patent medicine products popular in the late-19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dr Pepper
Dr Pepper is a carbonated soft drink. Dr Pepper was created in the 1880s by the American pharmacist Charles Alderton in Waco, Texas, and was first nationally marketed in the United States in 1904. It is manufactured by Keurig Dr Pepper in the United States and Canada, by The Coca-Cola Company in the United Kingdom, Japan, and South Korea, and by PepsiCo in Europe. Variants include Diet Dr Pepper and, beginning in the 2000s, a line of additional flavors. Although Dr Pepper has similarities to cola, the American Food and Drug Administration has ruled that Dr Pepper is not a cola, nor a root beer, nor a fruit-flavored soft drink. Rather, Dr Pepper is said to be in a category of its own kind, called "pepper soda", named for the brand. Other soft drinks in this category, such as Dublin Original and Pibb Xtra, have a similar flavor profile. Dr Pepper is the second highest-selling carbonated soft drink in the United States, and the sixth highest-selling in the United Kingdom. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Soft Drink
A soft drink (see #Terminology, § Terminology for other names) is a class of non-alcoholic drink, usually (but not necessarily) Carbonated water, carbonated, and typically including added Sweetness, sweetener. Flavors used to be Natural flavor, natural, but now can also be Artificial Flavoring, artificial. The sweetener may be a sugar, high-fructose corn syrup, fruit juice, a sugar substitute (in the case of diet sodas), or some combination of these. Soft drinks may also contain caffeine, Food coloring, colorings, preservatives and other ingredients. Coffee, tea, milk, cocoa, and unaltered fruit and vegetable juices are not considered soft drinks. Soft drinks are called "soft" in contrast with "hard" alcoholic beverages, alcoholic drinks. Small amounts of alcohol (drug), alcohol may be present in a soft drink, but the Alcohol by volume, alcohol content must be less than 0.5% of the total volume of the drink in many countries and localities See §7.71, paragraphs (e) and (f). ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Steven Hicks
Robert Steven Hicks (born 1950) is an American businessman, who is most closely associated with the radio business, pioneering the concept of local marketing agreementSteven Hicks Bio The University of Texas System (accessed April 17, 2010) and was the Vice-Chairman of AMFM, Inc, a predecessor of radio station company Clear Channel Communications. He is chairman of medial medical products firm HealthTronics and chairman of private investment firm Capstar Partners LLC, of which he is the principal owner. He is on the University of Texas System board of regents. Early life and education The son of a Texas radio station owner John Hicks, Hicks was born in Dallas, Texas, the younger brother of future billionaire Tom Hicks. He graduated from Forest Park High School in Beaumont, Texas in 1968. Hicks attended the ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Robert Haas (investor)
Robert Bradley Haas (June 12, 1947 – September 28, 2021) was an American investor, photographer, and motorcycle collector. Early life and education Haas was born in Cleveland. He grew up there, but left home when he was a high school junior, moving to a rooming house. He received a Bachelor's degree in psychology from Yale University in 1969 and a degree in law from Harvard Law School in 1972. Financial career In 1984 he and Thomas Hicks formed the investment company Hicks & Haas in Dallas, Texas. Together, they purchased 49 percent of the soft drink companies 7-Up and Dr Pepper and then resold the combined companies in 1988 to Prudential-Bache Securities for $600 million. After Hicks & Haas dissolved in 1989, Haas co-founded Haas Wheat & Harrison in 1992 to focus on middle-market transactions. Among his co-founders were Thomas Harrison, who had previously worked with Haas at Hicks & Haas and Douglas Wheat, a former investment banker with Donaldson, Lufkin & Jenrette. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venture Capital
Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in terms of number of employees, annual revenue, scale of operations, etc. Venture capital firms or funds invest in these early-stage companies in exchange for Equity (finance), equity, or an ownership stake. Venture capitalists take on the risk of financing start-ups in the hopes that some of the companies they support will become successful. Because Startup company, startups face high uncertainty, VC investments have high rates of failure. Start-ups are usually based on an innovation, innovative technology or business model and often come from high technology industries such as information technology (IT) or biotechnology. Pre-seed and seed money, seed rounds are the initial stages of funding for a startup company, typically occurring earl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Leveraged Buyout
A leveraged buyout (LBO) is the acquisition of a company using a significant proportion of borrowed money (Leverage (finance), leverage) to fund the acquisition with the remainder of the purchase price funded with private equity. The assets of the acquired company are often used as collateral for the financing, along with any equity contributed by the acquiror. While corporate acquisitions often employ leverage to finance the purchase of the target, the term "leveraged buyout" is typically only employed when the acquiror is a financial sponsor (a private equity investment firm). The use of debt, which normally has a lower cost of capital than Equity (finance), equity, serves to reduce the overall cost of financing for the acquisition and enhance returns for the private equity investor. The equity investor can increase their projected returns by employing more leverage, creating incentives to maximize the proportion of debt relative to equity (i.e., debt-to-equity ratio). Whi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
