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Madrona Venture Group has added Karan Mehandru to the firm’s investment team as a managing director. With fifteen years of experience as a venture investor and board member for rapidly scaling private businesses, Mehandru brings a wealth of experience working closely with founders, their teams, and partners to build lasting and exceptional companies.
Mehandru will be based in Silicon Valley, opening a Madrona office in Palo Alto to expand the firm’s Bay Area network and team while bringing a deep understanding of Seattle innovation closer to that market.
Immediately prior to Madrona, Mehandru led the venture capital practice at STEADFAST
Kain Capital, a private equity firm focused on the technology enablement of healthcare services companies, has completed a growth equity investment in MY DR NOW, a provider of primary and specialty care with locations in Arizona.
Financial terms of the investment, which marks the first time MY DR NOW has received external capital, have to been disclosed. Kain Capital is the sole investor.
MY DR NOW serves the greater Phoenix market with over 80 providers at 13 locations. Founded by Dr Payam Zamani while in residency, MY DR NOW is a fully comprehensive, value-based, integrated primary and specialty care platform
Genesis Private Equity Fund IV (GPEF IV), the newest private equity fund of Genesis Capital, and Evolving Europe Principal Investments I (EEPI I), a private equity and growth capital fund advised by Integral Venture Partners, have partnered to acquire 100% of BORCAD cz, a producer of train seats and interior equipment for passenger trains based in Fryčovice, Czech Republic.
BORCAD was founded in 1990 as a design and development studio by Ivan Boruta. Now it is a leading European producer of railway technologies offering a full range of seats for personal carriages, ranging from standard seats for regional trains to
Claret Capital, a London-based Pan-European growth capital provider, has held the final closing of Claret European Growth Capital Fund III, with total commitments of €297 million.
Building Industry Partners (BIP), a private equity investment firm focused on the US building industry, has appointed Steve Shaffer as an operating partner.
Shaffer will help support BIP and Endeavor Fire Protection (Endeavor), BIP’s new fire and life safety platform. Shaffer brings nearly four decades of fire protection industry experience. He joins BIP and Endeavor from Impact Fire Services (currently operating as AI Fire Protection), the company he founded and served as President and Chairman.
Shaffer led Impact Fire Services from start-up in 2009 to $70 million in revenue in 2017.
A Certified Public Accountant, Shaffer holds a Master in
With the IPO market grinding to a veritable halt in 2022, GPs are looking for other exit routes in the second half of the year, with private M&A channels taking the lead.
Vista Equity Partners (Vista), a global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, has expanded its internship programme to provide new opportunities for rising college sophomores.
The new program, built in partnership with the Knowledge Is Power Program (KIPP), a network of college-preparatory public charter schools, and The Posse Foundation (Posse), a college success and youth leadership development organisation, advances Vista’s efforts to broaden its recruiting pipeline while also creating career pathways for young people from backgrounds not traditionally represented in asset management.
Vista identified KIPP and Posse as leaders in supporting students from underrepresented backgrounds
Palatine has successfully exited its investment in CTS Group, a provider of testing, inspection and geo-engineering consulting services to the construction and infrastructure sectors, through a sale to pan-European private equity investorOakley Capital.
Palatine made a partial exit from the business in 2021, with the sale of its insurance claims management division to HomeServe plc for £53 million. Together the transactions represent a return of 5.8x for Palatine’s investors.
Since its initial investment in 2018, Palatine has grown CTS into a leading business in the UK. Revenues have more than doubled over the last three years, through Palatine’s investment
Oakley Capital’s (Oakley), a pan-European private equity investor, has invested in testing, inspection, certification, and compliance (TICC) platform, Phenna Group (Phenna), in partnership with co-founders Paul Barry (CEO) and David Harrison (CFO) who are reinvesting into the business.
Specialist consultancy firm, GRAPH Strategy, has promoted Phil Craig to partner. Formerly an Associate Partner, Craig has been instrumental in GRAPH Strategy’s growth since he joined the firm in 2018.
GRAPH Strategy, which has offices in London and Washington DC, supports global corporations and private equity firms to acquire and build stronger businesses.
With nearly 15 years of experience in strategy consulting and private equity, Craig’s experience has seen him work with world-leading corporations and private equity firms throughout Europe and North America.
He currently works across many sectors including tech, healthcare and business services and his
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