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Latham & Watkins has appointed Neal Reenan and Ian Bushner as partners in the firm’s Boston and Chicago offices in the Corporate Department and as members of the Mergers & Acquisitions Practice and the Private Equity Practice. Reenan and Bushner advise private equity sponsors and public and private companies on complex corporate transactions across a range of industries.
“Neal and Ian are fantastic additions to our premier global M&A and Private Equity Practices and I am thrilled to welcome them to the firm,” says Marc Jaffe, Global Chair of Latham’s Corporate Department. “Their individual and combined experience executing innovative, highly complex
QRails, a cloud-based, open API issuer-processor that enables payment solutions around the world, has closed a USD8 million Series A funding round led by EFM Asset Management. The announcement comes as QRails, in partnership with payroll service providers, is about to launch a novel earned wage access solution in the United States, UK and Australia. This fundraising round brings total funds raised to date by QRails to USD18 million.
Less than a year after launching its processor and after co-founder Gerard Griffin took the helm as CEO, QRails has won significant customer mandates on the strength of its technology, its domain
New Heritage Capital (Heritage), a Boston-based private equity firm, has made a platform investment in Northern California-based DeWinter Group (DeWinter), a provider of temporary and permanent staffing solutions with expertise in finance, accounting and information technology. The transaction was structured using Heritage’s unique Private IPO solution, which leaves operating control in the hands of the reinvesting owners while providing them the desired liquidity and financial flexibility to accelerate future growth.
DeWinter has provided high-skilled staffing solutions in the San Francisco Bay Area for 20 years, building a reputation for an unwavering commitment to serving its clients and candidates. “We are thrilled
Funds managed by Blackstone are to acquire a majority stake in HealthEdge, a technology business that delivers next generation Core Administrative Processing Systems (CAPS) solutions to healthcare businesses. The investment is being led by Blackstone’s growth equity team, which is focused on providing capital to fast-growing companies and helping them leverage Blackstone’s deep operating resources and scale to become market leaders.
Steve Krupa, CEO of HealthEdge, says: “We are thrilled to work with Blackstone as we enter the next chapter of our company’s growth. Blackstone’s expertise in healthcare and extensive operational resources made them our partner of choice to help fuel
Arma Partners has acted as exclusive financial adviser to CoreHR – a portfolio company of JMI Equity – on its sale to The Access Group, a portfolio company of TA Associates and Hg. Headquartered in Cork, CoreHR provides a comprehensive suite of cloud-based HR and payroll software solutions to over a million users in 270 enterprise and mid-market customers across the UK and Ireland. Since JMI Equity invested in 2016, the company has successfully transitioned its customer base from legacy perpetual licences to a SaaS model, driving value creation for both customers and shareholders.
The Access Group will combine CoreHR with
Investec Corporate and Investment Banking (Investec) has appointed Tobias Sommer to its Financial Sponsor Transaction Group and Jan Straube to its Growth & Leveraged Finance team, as the bank continues to grow its multi-product Financial Sponsors business.Sommer joins from Macquarie’s Financial Sponsor Coverage and Principal Transaction Group and will continue to cover financial sponsors at Investec, with a focus on the UK, DACH and Benelux.
Straube joins from the Leveraged Finance team at Lloyds Bank, where he worked with listed and private companies as well as financial sponsors across the UK, Western Europe and the US. At Investec, he will
Altus Capital Partners, an investment firm focused on middle market industrial companies headquartered in the US, has sold GED Integrated Solutions (GED). Financial terms of the transaction have not been disclosed.Altus Capital Partners acquired GED in June of 2015 alongside the senior management team of GED to support the Company’s growth and expansion efforts. Headquartered in Glenwillow, Ohio, GED is the North American leader in intelligent automation systems for the fenestration industry. The Company’s integrated equipment, software and aftermarket parts and service provides window OEMs with end-to-end manufacturing process solutions.
Bill Weaver, GED’s Chief Executive Officer, says: “We have been
Evolution Managers Capital, a platform for emerging private equity managers to launch their own investments, has backed Conanicut Capital, a new Boston-based private equity firm.
Clearwater International has advised private equity investor LDC on its investment in Ashtons Hospital Pharmacy Services (Ashtons), which will enable the existing management team to drive organic growth, further develop its software services, and expand its pharmaceutical warehousing and distribution infrastructure.In association with the transaction, the Clearwater International Debt Advisory team advised LDC in raising acquisition finance from Silicon Valley Bank (SVB).
Headquartered in Brighton, Ashtons provides medicine management solutions to the UK independent healthcare sector and its services include clinical pharmacy support and the supply of medication.
Through its nationwide network of specialist clinical pharmacists and bespoke software technology,
Bowmark Capital has acquired a significant minority stake in Focus Group, a UK provider of communications and IT solutions.
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