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Private equity firm HIG Capital has completed the recapitalization of TrakAmerica and the acquisition of Allion Healthcare.
Founded in 2000 and based in Naples, Florida, Trak is a provider of accounts receivable management services to consumer credit originators and debt buyers.
HIG Capital led the transaction in collaboration with the Reprise Management Group. Reprise was formed in April 2009 to make strategic investments in accounts receivable management services companies.
Trak is the second acquisition in the past 30 days for HIG and Reprise, and will serve as a platform for future growth in legal inventory management services.
The investment will
AerSale has completed an initial USD250m equity raise with Green Equity Investors V, an affiliate of private equity firm Leonard Green.
AerSale is a provider of aftermarket aircraft, engines and their component parts to airlines, leasing companies, and OEM/MRO service providers.
"We’re extremely excited to have partnered with Leonard Green & Partners," says Nicolas Finazzo, AerSale’s chief executive officer. "This partnership will allow us to channel all of our energy into acquiring, leasing, and redistributing our products to the aviation industry. Our business plan at AerSale calls for the acquisition of over USD1bn of aviation assets during the next five
Institutional Venture Partners, a later-stage venture capital and growth equity firm in the US, has promoted Jules Maltz to the position of principal.
As a principal, Maltz (pictured) will continue to identify and evaluate investment opportunities in rapidly-growing internet and software companies.
"We are grateful for Jules’ contribution to the IVP team. Since joining IVP in August 2008 as a vice president, Jules has been actively involved in several key investments such as Spiceworks, Twitter and Yext," says Sandy Miller, general partner.
"I am excited to be a part of the IVP team. It is an amazing time to be
Synchrony, a provider of technology for rotating machinery and power conversion systems, has received USD10m in series C funding from New River Management VI, a venture fund managed by Third Security.
The funding was committed following analysis of the global market for Synchrony’s product lines, its expanded production capacity and sales growth as demonstrated by a recent USD16m sales commitment from McQuay International for its clean, frictionless drive trains.
"This additional investment in Synchrony mirrors the company’s progress in turning its leadership in magnetic bearings technology into products that have the potential to establish Synchrony as a market leader," says
Indian companies were involved in a total of 356 M&A deals in 2009, down 34 per cent from 543 deals the previous year, according to a study by Venture Intelligence.
However, M&A activity in the second half of 2009, which witnessed 204 deals, was higher than the first half of 2009 which witnessed a total of 152 M&A deals.
In the largest M&A deal by announced value, UltraTech Cement merged Samruddhi Cement with itself to form India’s largest cement company.
This was followed by ONGC Videsh acquiring UK-listed Imperial Energy, which has oil assets in Russia, for USD1.9bn, and Sanofi-Aventis’
Private equity firm Elevation Partners has appointed Avadis “Avie” Tevanian as a managing director.
Tevanian (pictured) brings to Elevation more than two decades of operational and software expertise in consumer and technology businesses.
Most recently, Tevanian was chief software technology officer at Apple and a member of the company’s senior management team, where he led Apple’s software strategy and development.
Fred Anderson, managing director and co-founder of Elevation, says: "Avie and I worked closely together at Apple for many years and I have always admired his engineering talent and leadership, his strategic vision for how software can transform businesses and
Tim Haywood, Investment Director at Augustus Asset Managers Ltd (a subsidiary of GAM), investment advisor to three of the four Julius Baer Absolute Return Bond Funds, examines the outlook for investments in government securities.
Investors in government bonds face a difficult year due to increased risks and concerns over the ending of quantitative easing (QE) programs in the UK and US. There is a raft of potential bad news overhanging the government fixed-income markets – be it heightened risk of default, rating downgrades, inflation scares when there is so little yield protection, buyers strikes as well as the end of,
NetWitness, a provider of threat intelligence and real-time network forensics solutions, has received an investment from growth equity investor Summit Partners.
The investment will be used to fund additional technology acquisitions and other initiatives related to the company’s network security technology.
The announcement comes one week after NetWitness released its 2009 financial results, which included a doubling of revenue over the prior year, its sixth straight quarter of profitability, and growth across all corporate performance measures.
Nick Lantuh, president of NetWitness, says: “Raising capital from Summit is a strategic move for NetWitness that will help us to acquire and develop
New York Life Capital Partners, the private equity arm of New York Life Investments, has appointed Robert M. Barrack as managing director and chief operating officer.
In this newly created position, Barrack will manage the firm’s business administration, accounting and investor relation efforts.
He will report directly to Thomas Haubenstricker, chief executive officer of New York Life Capital Partners.
Barrack joins from The Blackstone Group, where during his 12 year tenure he served as managing director and chief financial officer of the firm’s private equity group and most recently as managing director in the firm’s investor relations and business development
Greylock Partners, a Silicon Valley venture capital firm, has promoted Isaac Fehrenbach and David Thacker to the position of associate partner.
“David and Isaac have become trusted advisers to a number of Greylock-supported companies. They have shown tremendous potential and I am enthusiastic about what they can achieve in the future,” says Greylock partner David Sze.
“In their new roles David and Isaac will invest in promising startups and growth stage tech ventures and draw from their operating experience to help entrepreneurs build great companies.”
Fehrenbach (pictured) leads Greylock’s cleantech efforts. He invests in early stage companies that operate at
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