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TelStar Hosted Services has purchased of the assets of TouchStar’s Hosted division with private equity funding from William & Gallagher and Grindstone Partners.
TelStar Hosted Services is a communications-as-a-service organisation providing on demand contact/call centre solutions to over 200 corporate clients.
Williams & Gallagher and Grindstone Partners acted as lead on the investment working with D Partners, a Washington DC based boutique management firm.
James (Jim) P. Dunn and Ralph Peluso, founding partners of D Partners, will serve as chief executive and chief financial officer/chief operating officer of TelStar respectively.
Dunn says: “SMBs are aggressively looking for inventive yet proven
Raphael Kassin, a specialist in emerging market bonds, has joined the Geneva-based group Reyl & Cie as head of emerging markets and debt.
Kassin, who took up his new position on 1 January, left Credit Suisse Asset Management, where he was head of emerging markets fixed income, in June 2009 after the company’s asset management business to Aberdeen Asset Management.
During his two years with Credit Suisse he managed the Credit Suisse Bond Fund Emerging Markets.
Prior to that, he spent nine years managing the ABN Amro Global Emerging Markets Bond Fund.
“Raphael Kassin’s track record and reputation are exemplary”,
Perceva Capital, a Paris-based independent investment company, has added Christophe Ambrosi to its team.
Ambrosi began his career in 1996 with Mercer Management Consulting (now Oliver Wyman).
In 2001 he joined the LBO firm Astorg Partners, and from 2005 to 2008 he worked at Butler Capital Partners.
In 2009, he worked with Maître Regis Valliot, out-of-court receiver, on more than ten special situations, before joining Perceva.
Perceva Capital now has six investment professionals.
Investcorp Technology Partners, the technology private equity arm of alternative investment manager Investcorp, has agreed to acquire an equity stake in CSIdentity, a Texas-based provider of identity theft and fraud protection services.
CSIdentity was started by entrepreneur and co-founder Bill Morrow. Investcorp’s Fund III has made an initial investment of USD35m in the company.
CSIdentity provides proprietary software solutions and datasets for the USD2.8bn identity theft protection market in the US. The market is expected to grow over 20 per cent per year for the foreseeable future, driven by the mass-market adoption of the internet, e-commerce, online banking and other
Private equity firm Guardian Capital Partners has acquired the majority ownership of Sure Fit from D.E. Shaw.
Headquartered in Allentown, Pennsylvania, Sure Fit is a provider of ready-made slipcovers and related accessories.
Its product line includes slipcovers for sofas, loveseats, chairs, recliners, ottomans and futons as well as furniture throws and coordinating decorative pillows.
The company sells through major national retailers, its own website and other channels.
Hugh Rovit, chief executive of Sure Fit, says: “Sure Fit has maintained the longstanding position as category leader. We are very excited to partner with Guardian Capital Partners and together we will be
Private equity firm The Carlyle Group has promoted 33 professionals to senior positions.
Seven people have been promoted to managing director and 26 to principal/director.
The individuals work in Carlyle’s offices around the globe conducting buyout, venture and growth capital, real estate and leveraged finance transactions, as well as accounting, communication, human resources, and legal and compliance activities.
The new managing directors are Anand Balasubrahmanyan, Asia buyout, Singapore; Pam Bentley, accounting (corporate), Washington DC; Oussama Daher, Europe real estate, London; Shary Moalemzadeh, global distressed and corporate opportunities, New York; Chris Ullman, communications, Washington DC; Stephen Wise, US buyout, New York;
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
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