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American Combustion Acquisition, an affiliate of Blackstreet Capital Management, has sold American Combustion Industries (ACI) to Timothy . Kirlin, Chief Executive Officer, and select members of his management team.
ACI is a mechanical engineering firm located in Brentwood, MD and is one of the leading firms that installs and repairs boilers, chillers, HVAC units and other commercial mechanical systems. Blackstreet is led by Murry Gunty, Founder and Managing Partner, and Lawrence Berger, Managing Director.
“My 10 year partnership with Blackstreet has been rewarding both financially and operationally,” says Kirlin. “We jointly rescued this company from the prior owner and
Antares Capital has hired Vivek Mathew as managing director, head of Structured Products. Mathew will join Antares in the second quarter of 2016.
“We’re excited to have Vivek join us as we look to diversify our capital structure and maximise future market opportunities,” says Barry Giarraputo, chief financial officer of Antares Capital. “Vivek’s experience in working with investors and ratings agencies will be important as our business considers the use of CLOs or other structured products as part of our holistic funding and liquidity profile.”
Mathew, based in New York, is a well-regarded leader in the structured credit space.
Lockton Benefit Group has expanded its Private Equity and Corporate Acquisition Practice (PECAP) with the addition of Donald G Harrington, Senior Vice President and director of the practice.
An Associate of Lockton Benefit Group, Harrington is based in New York but has responsibility to integrate the company's private equity transactional services and human capital management of Lockton's clients' businesses across the US. Bob Reiff, President of Lockton Benefit Group said, "Don's background and technical skills are what we needed to lead us into this new chapter."
Ross Reda, Executive Vice President and Chief Operating Officer for Lockton Benefit Group, says:
Quantifind has closed a USD30 million funding round led by global venture capital fund Cathay Innovation. Previous investors Redpoint Ventures, US Venture Partners, Comcast Ventures, Iris Capital and AME Cloud Ventures also joined the round.
This investment will support the company’s growth as it helps marketers understand exactly how their efforts are driving revenue for their respective businesses.
This round of funding, the company’s fourth, will fuel Quantifind’s market expansion efforts, accelerate product development, and allow the company to double staff in its Menlo Park headquarters. Quantifind will focus on growing the sales and customer success teams, as well
PolyPid, an emerging clinical-stage specialty pharmaceutical company, focused primarily on the development of post-surgical anti-infection pipeline, has closed a USD22 million private equity financing.
The financing was co-led by new investor Shavit Capital and current investor Aurum Ventures. The round also included participation of Chaim Hurvitz who will now head the Company's board of directors, as well as other existing shareholders.
The new investment is expected to facilitate the completion of an ongoing confirmatory European clinical trial in severe open tibia fractures for BonyPid-1000™, the company’s proprietary investigational doxycycline-loaded synthetic bone substitute, which is planned to be completed by 2017. The
Alternative investment manager Lexington Partners has opened an office in Santiago, Chile, which will serve as the firm’s regional hub and enhance its strong investor and sponsor relationships in Latin America.
The office is led by Jose Sosa del Valle, a Principal who has spearheaded Lexington’s Latin American activities for the past seven years. Lexington Partners will continue to be supported in an advisory capacity by Brian D. O’Neill, who was appointed by the firm in 2010 as a Senior Advisor focusing on the Latin American region.
Lexington Partners is the world’s largest independent manager of secondary acquisition and
Laila Worrell has joined The Boston Consulting Group (BCG) as a Partner and Managing Director in the firm’s fast-growing Principal Investors & Private Equity (PIPE) practice. She will be based in New York.
Worrell brings more than two decades of experience advising senior business leaders in both the private equity and corporate sectors. She joins BCG from Accenture, where she served as Managing Director and head of the New York Metro region and led the firm's private equity work. While at Accenture, she also served on the North America Leadership Team, comprising the business leaders responsible for the performance of
An affiliate of private equity investment firm HIG Capital has acquired a portfolio of compensation product offerings, including Salary.com, from IBM Corporation.
Founded in 1999 and headquartered in Wellesley, Massachusetts, Salary.com is a provider of reliable information, software, and best practices for compensation professionals. The Company’s product offerings help employers find and analyse detailed, real-time, and accurate information about employee compensation, as well as providing a platform for managing their daily workflow.
William Nolan, Managing Director at HIG, says: “We are excited to have the opportunity to invest in Salary.com and work with Kent Plunkett and his team as
AMP Capital’s global infrastructure platform has raised more than USD1 billion in new commitments as it nears its final close of USD2 billion. The Global Infrastructure Fund raised nearly USD400 million cumulatively for its second and third closes.
The investor commitments combined with the global infrastructure platform’s existing portfolio of diversified European infrastructure equity assets mean the platform is more than three quarters towards meeting its target.
AMP Capital Global Infrastructure Fund Managing Partner Boe Pahari, says: “Investors have come to understand the many benefits that infrastructure provides to a portfolio such as low volatility, high yield, GDP and inflation
Morgan Stanley Alternative Investment Partners (AIP) has closed on over USD225 million in final capital commitments for Private Markets Income Fund I (PMIF).
The fund’s strategy is to invest in niche income-oriented private market strategies, across primary fund commitments, co-investments and secondaries, which provide near-to-medium-term cash distributions. These investment strategies are frequently backed by real, financial or intellectual property assets. While PMIF represented AIP’s first standalone fund in this strategy, AIP has been an active participant in this investment space since 2000.
“Our clients rely on alternative investments to meet many different objectives, and this capital raise demonstrates how
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