Competitor Group confirms Calera Capital as new owner

first_img Related Competitor Group Inc (CGI), the leading active lifestyle sports media and event entertainment company, has confirmed that Calera Capital, a leading middle-market private equity firm, in partnership with CGI’s management, has acquired CGI from previous owner Falconhead Capital.Scott Dickey, President and Chief Executive Officer, and Steve Gintowt, Chief Operating Officer and Chief Financial Officer, will continue to lead the company.Formed in 2007 by Falconhead, CGI is the active lifestyle industry’s leading media and event company dedicated to the sports of running, cycling and triathlon. CGI operates 83 events around the world including the Rock ‘n’ Roll Marathon Series, and publishes five media titles such as Competitor, Velo, Women’s Running and Triathlete. CGI also possesses a leading digital registration platform in RaceIt.com and a rapidly expanding digital community across the Competitor Endurance Sports Network of websites.“Five years ago we set out to build a leading company in an industry that was highly fragmented, but well positioned for tremendous growth,” said Falconhead Chairman David Moross. “Competitor Group has grown dramatically during this period and realized much of the potential we originally envisioned. This success is due to the original strategy we developed to create the company, and the hard work of our very talented management team and our board of directors.”Calera Capital Managing Partner James Farrell and Managing Director David Lorsch led Calera’s investment in CGI and will join CGI’s board. Lorsch is an avid endurance sport participant, having competed in numerous triathlons and marathons, including each of the marathon majors in the US.“As a runner and triathlete who has followed Competitor Group and studied the industry at length, I believe strongly in the continued growth and value of active lifestyle sports in both the US and abroad,” said Lorsch. “Calera is excited to support Scott Dickey and his team to continue providing athletes with great experiences at the best event venues in the world, industry leading content, and a superior event registration platform through Raceit.com.”James Farrell of Calera added, “CGI is an outstanding business and a market leader. The company has a substantial opportunity for continued robust organic growth and we also look forward to investing behind management in developing new events and making strategic acquisitions.”“We are very excited about this next chapter as we partner with a great team at Calera Capital and continue our development as the market-leading active lifestyle media and entertainment company,” said CGI President and Chief Executive Officer Scott Dickey. “I want to personally thank David Moross, Peter Englehart and the team at Falconhead for their collective vision and guidance over the past five years.”Calera Capital will be investing in CGI through its fourth fund. Terms of the transaction were not disclosed. Perella Weinberg Partners acted as exclusive financial advisor to Falconhead Capital on this transaction.www.competitorgroup.comwww.caleracapital.comlast_img read more

Testosterone levels decrease in men who get married, increase in men who get divorced

first_imgShare Share on Facebook Share on Twitter The level of the male hormone testosterone decreases in men once they become married, according to a study recently published in Psychoneuroendocrinology. Testosterone is a male sex hormone and it serves a number of functions within the male body. Testosterone impacts on reproduction, muscle mass, bone structure and cognitive function. As well as these physiological roles, testosterone is also thought to influence, or be influenced by a man’s social experience. Previously, research has shown that levels of testosterone differ between married and unmarried men. However, in these studies it was not clear whether men with naturally lower levels of testosterone are more likely to become married or whether becoming married actually suppresses the production of testosterone.In order to determine whether marriage causes a drop in testosterone levels in men, a team of scientists from The University of Copenhagen, Denmark recruited 1,113 men between the age of 30 and 60 for analysis. Testosterone samples were taken from the blood at the beginning of the study and again after 10 years. The samples were then compared to see if any changes in testosterone level had occurred and whether these changes were dependent on the marital status of each individual. Emailcenter_img LinkedIn Pinterest The results showed that men who were unmarried prior to the study who became married during the 10 years between each sample was taken showed the largest drop in testosterone compared to other men. As well as this, men who went from married to unmarried over the 10-year period showed the smallest decline in testosterone. One explanation for the increased decline in testosterone amongst married men comes from evidence suggesting that testosterone levels increase after a period of sexual abstinence, and scientists have argued that married men have more sexual intercourse than unmarried men. Furthermore, the first sample of testosterone taken could not predict whether the men would be married or unmarried after 10 years, which the researchers claim shows that marital status impacts on male testosterone levels and not vice versa. The level of testosterone in men naturally declines with age, which is why both groups of men mentioned above showed a decline in testosterone over the 10-year period. But overall, the study provides strong evidence that testosterone trajectories can be influenced by the natural aging process as well as changes in marital status. Men who become married experience an accelerated decline in testosterone whereas men who become unmarried experience a slower decline.last_img read more

Sevastova loses to Mladenovich and does not get out of the…

first_imgSevastova, who ranks 44th in the WTA rank, gave up 3-6, 4-6 to the Frenchman Kristina Mladenovich, who is in a higher position in the ranking.Losing in the first round, Sevastov finished the tournament with one WTA ranking. Her next stop will be the US Open.Sevastova already had two breakballs in the second game, but they were not used, while Mladenoviča broke the serve of Liepāja and reached 2-1. The Latvian tennis player could not deprive the opponent of his service, moreover, in the ninth game she was beaten – 6-3 in favor of Mladenovich.In the second set, Sevastova lost her first two serves, resulting in a 0-4 lead. Two convincing breaks and the opponent’s loss of confidence helped her reach 4-4. Mladenovich recovered at the right moment and returned to the lead with convincing service. In the next game, she broke Sevastova’s serve again and scored 6-4 for both the set and the match.Sevastova had two double mistakes in this match, while the opponent had eight. Mladenovich also performed three elusive services, but Sevastova was left without “passes”.The two tennis players have previously competed against each other three times. Ten years ago, Sevastov won the tournament in Strasbourg, but last year he dropped out of the second set in Rome in Mladenovich. In mid-October last year, in the second round of the Moscow tournament, the Frenchman won three sets, entering Sevastov’s long series of losses.This was the second tournament for Sevastova after the season resumed. Less than two weeks ago, she made concessions to Romanian Irina Begu in the first round of the Prague International Championship.This season, she has won only one of nine games, winning the Federation Cup over Serene Williams. In the WTA tour, the Latvian tennis player has not overcome the first round in six tournaments in a row this season, therefore the balance of Liepaja is 0-7.This summer, Sevastova took part in two show tournaments in Germany, winning one of them. She was also part of the Latvian national team in the Estonian-Latvian match in Tallinn, conceding the leading tennis players of the northern neighbors in both singles. Rank points were not shared in these tournaments.Mladenovich returned to the tournament in Palermo on the tour, where in the first match he acknowledged the superiority of the Russian Ekaterina Alexandrov. She has won three games in nine matches in the WTA Main Event this season.Mladenovich is better known as a doubles specialist, taking the high third place in the doubles match. Earlier this year, she triumphed with the Hungarian Tímá Babosz in the Australian Open and won her fourth Grand Slam doubles title.During her career, she has won one single-player title (in 2017 in St. Petersburg) and 23 doubles trophies.The tournament takes place in New York at the US Tennis Association’s National Tennis Center, named after Billy Gin King, where the US Open will begin at the end of August. Matches take place on outdoor courts on a hard surface.The Western & Southern Open tournament usually takes place in Cincinnati, but this time it has been moved to New York so that tennis players do not have to travel before the US Open, which would increase the risk of Covid-19 infection.Others are currently reading “Lidl” or “Aldi”? The British have found out which is the cheapest and which is the most expensive grocery store Lukashenko has ordered the closure of striking companies “Accepting yourself with a beard is the best I’ve learned in this life.” After several years of struggling with facial hair, the woman decides not to hide it anymorelast_img read more

Interest worries rattle market

first_imgNEW YORK – A surge in Treasury yields rattled Wall Street on Wednesday, forcing stocks to give up early gains and drive down the Dow Jones industrial average more than 140 points. The 10-year Treasury note’s yield soared to 5.14 percent late Wednesday from 5.09 percent late Tuesday, reigniting worries among stock investors that high rates could thwart corporate deal-making and further injure the limping housing market. The stock market started reacting violently to Treasury yields two weeks ago when the 10-year yield surged past 5 percent for the first time since last summer. Wall Street had traded more mildly in recent days as yields retreated from last week’s peak of nearly 5.30 percent, but Wednesday’s yield advance stoked fears that they could resume their climb. “People are watching this 10-year, and it looks like it might want to go back to 5.25,” said Todd Leone, managing director of equity trading at Cowen & Co. Until last week, the 10-year Treasury yield had not traded consistently above 5.25 percent since 2002. 160Want local news?Sign up for the Localist and stay informed Something went wrong. Please try again.subscribeCongratulations! You’re all set! Furthermore, Leone said, the private equity deal-making wave, which was a main driver for the market for several weeks, seems to have slowed down a bit compared with last month. “The guys are doing a little more homework, and there aren’t as many companies to grab up.” Home Depot’s $22.5 billion buyback Wednesday initially lent some support to the market, as did stronger-than-expected quarterly earnings from Morgan Stanley and a retreat in oil prices. But the market eventually caved, after investors decided that the positive news wasn’t enough to warrant a return to record territory. The Dow fell 146.00, or 1.07 percent, to 13,489.42, after bobbing in and out of positive and negative territory earlier in the day. Broader stock indicators also tumbled. The Standard & Poor’s 500 index declined 20.86, or 1.36 percent, to 1,512.84, and the Nasdaq composite index fell 26.80, or 1.02 percent, to 2,599.96. Home Depot, one of the 30 Dow components, rose $1.76, or 4.6 percent, to $40.03 after announcing it will buy back more than a quarter of its shares and sell its Home Depot Supply business to a group of private equity firms for $10.3 billion.last_img read more