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Alternative investment firm Summit Partners has promoted nine professionals globally.
Matt Hamilton was promoted to Managing Director; Johannes Grefe, Colin Mistele, Mark Nordstrom, Steffan Peyer and Ross Stern were promoted to Principal; Ian Rothkopf was promoted to Vice President; and Harry Fackelmayer and Bobby Humen were promoted to Senior Associate.
“We are very pleased to recognize the achievements of these talented colleagues,” says Peter Chung, Managing Director and Chief Executive Officer of Summit Partners. “We are proud of their accomplishments and their dedication to the Summit organisation. In addition to their distinguished performance, they are all professionals of great
Lower middle-marker private equity firm Rotunda Capital Partners has invested USD20 million into StreetShares, a provider of small business loans and government contract financing for businesses owned by members of the military and veterans’ community.
The investment provides growth capital for StreetShares and establishes Rotunda Capital as the Company’s largest investor.
“StreetShares has built a differentiated financial services platform by combining a military-affinity focus, cutting-edge credit application and adjudication technology, and an experienced and dedicated team,” says John Fruehwirth, Managing Partner at Rotunda. “We are pleased to help StreetShares continue to dramatically improve access to credit for veteran-owned small
G Squared, a growth venture capital firm has selected PEF Services to support the growing demands of its fund administration accounting, regulatory, and investor reporting requirements.
G Squared partners with world-class entrepreneurs tackling big problems by investing in businesses throughout their life cycle as performance is strong, a fundamentally different approach than a classical early, mid, or late-stage venture capital firm.
“PEF has an excellent reputation in the market for providing clients with exceptional service supported by deep industry knowledge and a robust technology platform,” says Luis Rivera, Chief Financial Officer of G Squared. “We selected PEF Services to
Noerr has advised private equity funds advised by Orlando Management AG on the sale of the Oetinger Aluminium Group to a financial investor, with a team led by private equity partner Georg Schneider.
Oetinger was acquired by MTC OE GmbH, which is held by Metal Trade Comax, a Czech company specialising in coated sheet metal.
Oetinger is a leading supplier of aluminium casting alloys whose workforce of 300 produces around 180,000 tonnes of alloys a year at its plants in Weißenhorn and Neu-Ulm. The company is a key supplier to the automotive industry. The SSVP III funds acquired the
The German mid-cap LBO market experienced another year of significant growth in 2017, according to the latest MidCapMonitor by GCA Altium which analyses leveraged buyout finance transactions with a credit volume of between EUR20 million and EUR500 million.
There were a total of 100 such transactions for the entire year of 2017, representing a rise of 30 per cent compared with the previous year.
The growth was fuelled in particular by debt funds, which produced a gain of 166 per cent with 32 transactions. Generating 68 transactions, banks financed just three more deals than they did in the previous
Independent private equity fund administrator Gen II Fund Services has promoted two team members to Principal – Shawn McMenimen and Stephen Ho.
McMenimen has senior level oversight responsibility for Gen II’s client service teams and is directly involved in managing key client engagements. He also has responsibility for the oversight over Gen II’s compliance department. Shawn has over 17 years of private equity fund administration experience.
Ho is responsible for running Gen II’s San Francisco service centre. His professional team provides fund administration services for clients throughout the western region of the United States. Ho has more than 15
Waterland Private Equity has sold its stake in PREMIUM Group to Clarion Events.
PREMIUM Group is a German organiser of trade fairs, conferences and events in and around the fashion sector. The group’s formats include a number of fashion trade fairs, such as PREMIUM, SEEK, BRIGHT and Show & Order. Anita Tillmann will remain in her position as CEO and Managing Partner of the PREMIUM Group.
“We are delighted that, with Clarion Events, we have found a new strategic owner from the trade fair world that will continue to drive the growth of PREMIUM Group. We would like to
The Nexxus Iberia Private Equity Fund I has successfully completed its first closing with EUR130 million of capital commitments, out of a target size of EUR200 million.
The first closing of the Fund was reached with both recurring investors of Nexxus and new Limited Partners, reflecting the confidence in the solid experience of Nexxus Iberia’s dedicated team in Spain, the robust track record of both Nexxus Iberia team and Nexxus previous Funds, and the unique Latin American angle brought by the partnership with Nexxus. The Limited Partners of the Fund at the first closing include institutional investors, as well as
CIFC, a credit manager specialising in US corporate and structured credit strategies, has appointed Jay Huang as a Managing Director, Senior Portfolio Manager and Head of Structured Products Investments.
Huang (pictured), will oversee CIFC’s structured products investments business.
CIFC says Huang’s appointment is a key strategic move that will further bolster the firm’s investment expertise and market presence in the structured products space.
Previously, Huang served as Managing Director and Global Head of CLO, CDO and Distressed SIV Trading for Citigroup Global Markets, a business he built to become the top revenue-generating business within the firm’s Structured Credit
Bunker Hill Capital, a Boston-based private equity investor in lower middle market companies, has sold portfolio company, Rizing, to One Equity Partners.
Rizing is a privately held international company that provides leading SAP functional and technical consulting services to its customers.
Rufus Clark, a Managing Partner of Bunker Hill Capital, says: “We are grateful to all who have made Rizing such a successful company, and in particular to Mike Maiolo and Carl Graves, who provided the leadership to integrate three separate global businesses. We would also like to congratulate Luc Hédou, Steve Hatcher, and Tom Dey, co-founders of the
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