![]() ![]() Spokespersons for Alice Walton’s family office and Walmart also declined to comment. When reached by Fortune, Aprill declined to comment on the matter or the lawsuit. Alice Walton’s name was not mentioned in the Walmart-Canoo agreement materials. It is unclear whether Walton has specifically invested in Canoo through the PE firm, although multiple sources have told Fortune that they believed Alice Walton to be an investor (none of those sources had firsthand knowledge of that investment). Aquila’s private equity firm owns an approximate 19% stake in Canoo, according to recent public filings.įortune had previously reported that Alice Walton was the original backer of Aquila’s AFV Partners and that her capital had been used for two early deals at the private equity firm. Walton, who inherited tens of billions worth of Walmart shares after the passing of Sam Walton, collectively with her two brothers holds approximately 48% of voting shares at Walmart, according to Walmart disclosures. “ assured me we did from the Walton Family Office, Alice Walton in particular.” “I needed to ensure that we had a minimum funding level to support that salary,” Aprill said in the deposition testimony, in reference to his minimum base salary they were allegedly discussing at the time. 4, 2019, in which they discussed Alice Walton’s backing of AFV Partners. In one of several depositions filed this week, a former principal at AFV Partners, Ryan Aprill, who is one of two plaintiffs in the case, asserts that he and Aquila had a phone call on Aug. It’s possible that Aquila’s connection with Walton may have influenced the Walmart-Canoo contract, or Canoo’s decision to build manufacturing facilities in Arkansas and nearby Oklahoma (a Walmart spokeswoman declined to comment on the matter). While it’s unclear whether Walton has invested in Canoo directly, it’s still a connection worth noting, as AFV Partners is a minority shareholder in the company. New court records filed last week underscore the financial ties between one of Walmart’s largest shareholders, Alice Walton-daughter of the late Walmart founder Sam Walton-and Canoo’s chief executive, Tony Aquila.Īs I reported Friday evening, testimony filed in an Illinois federal court formally links Alice Walton and the Walton Family Office to AFV Partners, Aquila’s personal private equity firm. It’s becoming increasingly clear that the ties between Walmart and Canoo appear to go even deeper than they seemed at the time. If you think you may have a medical emergency, please call your doctor or 911 immediately.But as financial disclosures raised questions about the company’s longevity this summer, Walmart entered the equation with a lifeline: A direct investment and a 4,500-vehicle contract. ![]() Reliance on any information provided by the NPI Profile website or other visitors to this website is solely at your own risk. The contents of the NPI Profile website are for informational purposes only. NPI records are maintained by the National Plan & Provider Enumeration System. The NPI information is provided "as-is" per the NPPES Data Dissemination Notice covering disclosable health care provider data under the Freedom of Information Act (FOIA) and in accordance with the e-FOIA amendments.Īll contents of this website are provided on an "as is" and "as available" basis without warranty of any kind. NPI Profile is designed to quickly and easily find the most current NPI records in the National Provider Identifier registry. NPI Profile is the most comprehensive reference website about the NPI registry and NPI related information. NPI Profile 2023 | The complete repository of NPI information
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