Avalon Acquisition Inc.

Local Business Legend Thomas O. Hicks To Join the Ranks of the Texas Business Hall of Fame

by | Sep 29, 2022
A leader in the local private equity and sports business space, Thomas O. Hicks will be inducted at a ceremony put on by the Texas Business Hall of Fame Foundation in early November, joining others from Houston and Austin. The former owner of the Dallas Stars and Texas Rangers, Hicks currently serves as the founder, chairman, and partner of local family office Hicks Holdings and as a senior partner and director at Dallas' The Beneficient Company Group. Hicks will join other local business legends like Mark Cuban and Ross Perot, Jr. in the Texas Business Hall of Fame, which has been inducting new members since 1983.
Follow the Money: tree3 Aims to Raise $2M, Traveller Capital Raises $28.5M, IBM Acquires Dialexa, and More
by | Sep 26, 2022
In this week’s North Texas deal flow, you’ll also find news about Universal EV Chargers landing $10M in grants; The Beneficient Company Group's plans to go public in a deal valued at $3.5B; NTT DATA’s acquisition of Apisero, ‘one of the largest all-stock transactions in the mid-to-upper-management recruiting space'; and more.
Dallas Financial Services Firm Beneficient Company Group to Go Public in $3.5B SPAC Deal
by | Sep 21, 2022
Founded in 2003, Beneficient aims to be listed on the Nasdaq via a merger with San Francisco bank-check company Avalon Acquisition Inc. The deal values Beneficient—whose end-to-end platform provides liquidity, data custody, and trust services for alternative asset holders—at $3.5 billion. “We're working to democratize the industry starting with a simple, secure, rapid and cost-effective solution to what we saw as the most foundational and pressing need: liquidity," says founder and CEO Brad Heppner.