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Intervale Capital (Intervale), an energy-focused private equity firm, has named Jason Arnoldy and Patrick Conroy as Vice Presidents.
Jason Turowsky, Partner at Intervale, says: "We are very fortunate to be able to add Jason and Patrick to the Intervale team. Prior to their joining Intervale, we worked with each on transactions and were impressed by their contributions."
Patrick Connelly, Partner at Intervale, adds: "We welcome Jason and Patrick and look forward to their playing crucial roles in deal sourcing, execution and portfolio monitoring. Both bring distinct skill sets that complement our investment team."
Prior to joining Intervale, Jason Arnoldy co-founded
Inflexion has completed the carve-out of the Engineering Inspection & Consultancy division of RSA Plc. The new company will trade as British Engineering Services in the UK and Irish Engineering Services in the Republic of Ireland.
From its headquarters in Manchester, British Engineering Services delivers premium quality engineering testing, inspection and consultancy services throughout the UK and the Republic of Ireland to a large number of blue chip customers. The company has over 450 highly trained Engineer Surveyors and Consultant Engineers, strong customer support systems and a wealth of technical expertise.
Inflexion will work alongside British Engineering Services’ management
Bloxx, a provider of real-time Internet and email filtering solutions, has been sold by its shareholders – including Archangel Investors and Scottish Investment Bank – to US-based Akamai Technologies, Inc.
Bloxx was established in 1999 and has grown to become one of the world’s leading providers of web and email filtering for medium sized and large organisations in education, business and the public sectors, helping to protect 800 million devices across the globe. The company employs 55 people at its offices in Livingston and Newton, Massachusetts. Its acquisition, for an undisclosed consideration, is expected to complement Akamai’s enterprise security strategy
On 22 September, the SEC hit RT Jones Capital Equities Management, a St Louis-based investment adviser with a USD75k penalty for failing to have sufficient cybersecurity policies and procedures in place. This led to the personally identifiable information of approximately 100,000 individuals, including thousands of its own clients, being compromised when the web server it used was hacked in July 2013.
The case has been settled, and whilst the fine itself wasn’t mortifying, the potential impact on the firm’s reputation could be significant. The unfortunate reality for investment advisers of all shapes and sizes today is that failure to treat
Seedrs is to commence a beta test of its platform in the United States within weeks, following Friday’s vote by the US Securities and Exchange Commission (SEC) to implement Title III of the JOBS Act.
The beta test will offer US accredited investors the opportunity to invest in selected campaigns listed on Seedrs, with an official launch expected in early 2016.
In late 2014 Seedrs acquired California-based crowdfunding platform Junction Investments in preparation for its push into the United States. It has been working tirelessly in 2015 developing the right approach to commence operation in the United States, as compliance
The private debt team of Tikehau IM acted as sole arranger and provider of financing for the acquisition of Flexitech, a supplier of brake hose products, by Sun Capital.
Established in France in 1960, Flexitech has over 50 years of operations experience and currently employs over 1,200 highly skilled full-time employees. Flexitech operates its own facilities in France, Romania, the United States, Mexico and Brazil, and supports its customers through local partners in China and India. Flexitech provides extensive product design, engineering and testing services to leading international automotive original equipment manufacturers (OEMs) including BMW, Daimler, Fiat-Chrysler, Ford, General Motors, JLR, Peugeot
Skillsoft has entered into a USD150 million accounts receivable Credit Facility provided by Sound Point Capital Management, LP and Morgan Stanley Senior Funding, Inc.
The borrower under the Credit Facility is Skillsoft Receivables Financing LLC, a bankruptcy-remote Delaware limited liability company and a wholly-owned subsidiary of Skillsoft Corporation. The Credit Facility is non-recourse to Skillsoft Corporation and is not subject to any financial covenants.
The Credit Facility allows the Company to borrow against its high-quality accounts receivable and provides incremental capital to the Company in addition to its existing USD100 million revolving credit facility. The availability under the Credit Facility
Intrepid Investment Bankers acted as adviser to JD Beauty, a designer and marketer of branded, professional-quality brushes and beauty care accessories, on the sale of a majority stake in the business to Topspin Partners.
“Intrepid’s insights and knowledge in the beauty care sector were invaluable in helping us explore our strategic options and in finding us the right partner to further accelerate our growth,” says Jeff Rosenzweig, Founder and CEO of JD Beauty. “We believe we are only at the beginning of building JD Beauty and the Wet Brush brand and are excited to have Topspin as our partner going
Dorado Systems, a national healthcare EDI platform, has closed a round of equity funding from Spring Lake Equity Partners.
"Dorado is thrilled to be partnering with the team at Spring Lake," said Ed Kennedy, Dorado's CEO. "Aligning with a private equity market leader is a testament to Dorado Systems' continued growth and success, and will allow the business to reach new heights."
This funding round will enable Dorado to drive forward in the healthcare and higher education markets. With Spring Lake's backing, the firm will add resources to support its burgeoning roster of clients, which includes the nation's premier healthcare
Atlanta-based Elite Crowdfund has launched a new crowdfunding platform designed to connect accredited investors with highly vetted early stage investment opportunities.
Elite Crowdfund users can invest in early growth stage firms in exchange for an equity share in the company.
Unlike some other equity-based crowdfunding platforms, Elite Crowdfund relies on quality, not quantity, and every company listed in the firm’s elite portfolio must meet stringent criteria and complete a thorough due diligence process, including an evaluation of its risk profile, likelihood of profitability and the ability to exit.
For a company to be included in Elite Crowdfund's portfolio of opportunities,
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