Are these dirt guys into music?

Being a musician and all that, I have to wonder whether the buyers of the Hyatt Regency Woodfield are into music. According to the story in today's Tribune, the buyer is The Harp Group, a part of the Crescendo Companies.

I think it is fun when companies use "themes" for their entity structures. For instance, I know one opportunistic fund in Chicago that has a common name for its main entity and then types of that common name for its subsidiaries. Example: main company is Fruit, LLC and the lower tier entities are, Pear, LLC, Mango, LLC, Peach, LLC and so on. I don't want to disclose the entity that does this for privacy reasons, but I always liked it.

This actually brings me to a practice tip: try to be consistent in naming your upper and lower tier entities from deal to deal. It makes documentation easier and reminds you of where each entity is in a chain. If you don't understand, let me know and I'll provide examples.

Comments

Post a Comment

Popular posts from this blog

Oops. I plain forgot.

I said some time ago that I would publish a review of the new Powerhouse Restaurant and Bar , located right beneath my Chicago office. And I never did. So here goes. I've had a couple of lunches and dinner since the place opened, so I can be candid. All the food I had ranged from very good to superb. The pork belly and chicken thigh appetizers were wonderful. The pork chops were juicy and tasty. The ribeye steak was perhaps the best I've ever had (and trust me, I have eaten a LOT of steak in my life). Forget the red meant and cholesterol and fat and all that stuff for one meal; just splurge and eat it. One of my dining companions said the cod was good but not superlative in his view. I was really too full to enjoy the sweet potato doughnuts. On the lunch side: I recommend the cheese quesadillas and the burger, which also has the tastiest bacon from Wisconsin. I'm getting hungry and I don't want to tempt myself...2008, after all! Service is always first rate, f
Read more

The DLB's Third Anniversary Post

Wow -- three years of blogging this Sunday.  Since I do not plan to write this weekend, I want to take a moment now to reflect on what the past three years have meant to me. First and foremost, blogging has been fun and educational. I truly believe that, thanks to reading more, writing more, and interacting with pros in the business I have become a better adviser to my clients. Yes, the technical lawyering and drafting and stuff is very important. But I have learned much by trying to put on the glasses of your client and thinking practically, while also keeping that lawyer hat on.  That said, I know I am not the business guy, but I also think I can give better advice while at least keeping in mind that side of the coin. You just do the best you can. I have also changed as a blogger, and hopefully for the better.  I get more news and posting from Twitter now than I do from the news or from other blogs. I do not know whether that is good or bad, but I know it is the reality of the situat
Read more