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Smartronix, LLC, a leader in next-generation cloud, C5ISR, and advanced engineering and IT solutions, has made several new additions and appointments to its executive leadership team.
“These executive team members bring a wealth of leadership and technical expertise as well as the vision and passion needed to meet growing client demands,” comments Peter LaMontagne, Chief Executive Officer of Smartronix. “Our ability to attract such accomplished executives is a testament to the success we’re having at Smartronix, and our new executives will be a great complement to the current leadership team in driving performance and client success.”
These appointments and strategic
Cardea Capital (CC), a USD3 billion, Atlanta-based RIA and turnkey asset management program (TAMP), will use the portfolio stress-testing and risk analytics of HiddenLevers, incorporated within the premier wealthtech platform of Orion Advisor Solutions. In just a matter of weeks after Orion announced its acquisition of HiddenLevers, CC signed on as the first new post-acquisition user of both firm’s technologies.
Already using Orion as the core of their firm’s technology systems, CC plans to use HiddenLevers to augment their own TAMP offering, improve their portfolio management capabilities, and engage clients with interactive portfolio analysis and real-time stress-testing.
“We are partnering
Mercato Partners has closed Savory Fund II, its second investment vehicle devoted exclusively to backing emerging and profitable restaurant concepts, raising USD100 million of commitments. The closing of Fund II builds upon the early success of the firm’s inaugural vehicle, which closed on USD100 million of commitments in October 2020.
Limited partners in the fund consist of both existing and new investors, including institutional investors, family offices, and financial services and advisory firms. 72 percent of investors in Fund I have committed to Fund II and will enjoy co-investment rights on a deal-by-deal basis.
Savory’s investment strategy focuses on
General Atlantic, a growth equity firm, has completed a growth investment in Buff City Soap, a plant-based home and personal care brand franchise.
FlixMobility, a tech-mobility company for intermodal and sustainable transport, announced more than USD650 million in new funding today based on a mix of equity and debt, valuing the business at USD3 billion.
The oversubscribed Series G funding round includes new investor Canyon Partners, a growth-oriented investment firm with a successful track record in the technology and infrastructure sectors and participation from existing investors and FlixBus founders. Existing investors include General Atlantic, Permira, TCV, HV Capital, Blackrock, Baillie Gifford and SilverLake, among others.
Access Holdings, a Baltimore-based mid-market investment firm specialising in building enduring businesses, has appointed Kimberly (Kim) Kile as the firm’s first-ever Head of Investor Relations and Communications.
As the head of investor relations and member of the executive team, Kile will lead fundraising efforts for the firm’s flagship funds, co-investments, and new products. Additionally, Kile will source and cultivate new relationships with potential investors and work closely with the firm’s existing limited partners. Kile will also lead Access’s public relations efforts with oversight over the firm’s fundraising, communications, and marketing.
“As Head of Investor Relations & Communications
Los Angeles-based Atwater Capital, a Media & Entertainment-focused private equity group, is on a mission to spot and invest in companies best placed to benefit from digitisation as demand for distributed content increases.
Private equity fund Abac Solutions has closed the sale of Isolana, the Spanish independent distributor of interior finishing and general building materials, to BME Group (owned by Blackstone) after completion of customary regulatory approvals.
Isolana, which traces its origins to 1939, was acquired by Abac Solutions in 2019. The group consists of two distribution formulas, under the brands Isolana and La Especialista, as well as the metal profiles manufacturer Isopractic and the installation company La Instaladora.
Isolana is one of the market leaders in the supply of interior finishing building materials in Spain, with 36 distribution centres and 70,000 sqm
DLA Piper announces the appointment of Jonny Powling as a partner in its Corporate practice, based in London.
Powling joined the firm on 1 June from Addleshaw Goddard, where he has been a partner since 2016. He has extensive experience advising all market participants on private fund matters and acts for a broad range of clients including both managers and investors on fund establishment, fund structuring, primary and secondary fund investments, co-investments and secondary sales and purchases. Powling practices across a wide range of sectors, with a particular focus on private equity and real estate – also advising on joint
Investcorp, a global provider and manager of alternative investment products, has announced that its Extraordinary General Meeting (EGM) on the 2 of June approved the board’s recommendation to delist from the Bahrain Bourse and convert the company into a closed shareholding company. This remains subject to receipt of regulatory approvals and completion of the required legal process and is expected to be to completed during the third quarter of 2021.
Over the past four decades, Investcorp has been on a remarkable growth journey and has evolved into a genuinely global alternative investment manager with approximately USD35.4 billion in AUM, diversified
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