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Smile Doctors, a US-based, orthodontics-focused dental support organization (OSO), has secured a strategic investment from Thomas H Lee Partners (THL), a private equity firm investing in growth companies.
THL is investing alongside existing financial sponsor Linden Capital Partners (Linden) in an equal partnership, while affiliated orthodontists will retain a significant ownership stake in the organisation.
Banyan Capital Partners (Banyan), a Canadian middle market private equity firm, has invested in Innovative Surface Solutions (Innovative), a distributor of liquid surface solutions in North America.
Innovative marks the inaugural investment through Banyan Committed Capital LP, an evergreen investment vehicle that has recently closed its first USD216 million tranche of commitments.
Banyan is partnering with the Company’s CEO and existing majority owner, Greg Baun, who has served in this role since 1994, to help facilitate Innovative’s next phase of growth. Greg will remain in the role of CEO post-close and retain a significant ownership stake in the Company.
Castlight Health, a healthcare data and navigation company, and Vera Whole Health (Vera), a specialist in advanced primary caremajority owned by Clayton, Dubilier & Rice (CD&R), are to merge.
The transaction, which has been unanimously approved by Castlight’s Board of Directors, is valued at an equity value of approximately USD370 million and will be structured as an all cash tender offer to acquire all outstanding shares of Castlight. Under the terms of the agreement, Vera will commence a tender offer to acquire all outstanding shares of Castlight Class A common stock and Class B common stock for USD2.05 in cash
Brackendale Consulting Ltd, a global private equity marketing, communications and design agency, has promoted Laura Shelley, previously PR & Marketing Director, to company COO and appointed Param Barodia as PR & Marketing Associate.
In her role as COO, Shelley will support Brackendale’s CEO Fay Margo in the day-to-day running of the business, enhancing administrative and operational procedures as well as overseeing staff management. She remains an active member of Brackendale’s PR and Marketing team.
Barodia previously worked as Content Marketing Lead at start-up marketing firm blazon, where he worked with early-stage businesses to establish their brand and identity with
Advancing Eyecare, a provider of ophthalmic instruments and a portfolio company of Atlantic Street Capital (ASC), has acquired Santinelli International, a provider of optical finishing equipment.
Advancing Eyecare is currently comprised of Lombart Instrument, Marco Ophthalmic, INNOVA Medical, S4Optik, Santinelli International and other leading brands. Founded in 1973, Santinelli International is the leading provider of lens edging equipment in the United States. The combined scope of Advancing Eyecare offers the broadest product portfolio, the most knowledgeable people, and the most reliable service in the industry.
Private equity firm Trilantic North America has appointed Jennifer Fox Bensimon as Managing Director. As a member of the firm’s investment team, Bensimon will focus on investments in the consumer sector.
Bensimon brings more than 10 years of private equity and consumer business experience to Trilantic North America. She joins the firm from LNK Partners, where she spent nearly a decade supporting the firm’s investments in consumer and retail companies. Prior to LNK Partners, she worked at Morgan Stanley Alternative Investment Partners.
Bensimon holds an MBA from Harvard Business School and a BA from Brown University. She is also a
Ethos Capital has appointed Chris Ritchie as a Partner.
Ritchie joins from ABRY Partners (ABRY) where Ethos Co-CEOs Erik Brooks and Fadi Chehadé were Partners before co-founding Ethos. Ritchie collaborated on multiple transactions with Brooks during their tenure together at ABRY.
During his time at ABRY, Ritchie was actively involved with investments in the information services, software, financial services and IT services sectors. While at ABRY, he served on the board of directors of numerous companies, including Confie Seguros, Centauri Health Solutions, Kingland Systems, Meadowlark Title, SambaSafety, Smart Start and Portfolio Group.
CellPoint Digital, a global provider of digital commerce and payment solutions, has secured an equity financing round of USD25 million from Toscafund and its private equity arm, Penta Capital.
The move follows a series of investments by Toscafund and Penta Capital into CellPoint Digital following their initial investment in 2019 and brings their total investment to over USD56 million. It also marks a strengthening of the relationship between the businesses. As a specialist in payment orchestration for travel, CellPoint Digital is now offering its platform to new markets including retail, gaming, crypto and digital content.
Software investor Hg is to make a significant investment in ProcessMAP Corporation (ProcessMAP), an Environmental, Health and Safety (EHS) software platform provider.
Following the transaction, ProcessMAP’s management team will retain a significant stake in the business.
The terms of the transaction have not been disclosed.
HCI Equity Partners (HCI), a lower middle market private equity firm focused on partnering with founder-owned distribution, manufacturing and B2B service companies, has promoted Scott Gibaratz to Partner; Brendon Biddle and Tim Frend to Managing Director; and Matt Clark to Vice President.
Gibaratz, Partner, joined HCI in 2004 and plays a leading role in the diligence, acquisition and management of HCI’s portfolio companies.
Biddle, Managing Director, has been at HCI since 2006 and has a central role in HCI’s evaluation and execution of its investment mandate.
Frend, Managing Director, joined HCI in 2006 and in addition to deal leadership he
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