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hh2 Cloud Services (hh2) a provider of software for the construction industry backed by lower middle-market private equity firm Capstreet, has appointed Jamie Clymer as chief executive officer and Patrick Sadler as chief financial officer.
Previous CEO Devon Dorrity will assume the position of CTO at the Company.
Clymer has extensive experience achieving revenue, profit and overall business growth objectives within rapidly changing SaaS and internet-media environments. Most recently, he was CEO of FRONTSTEPS, a leading SaaS and mobile platform for Association Management Companies and Association Boards. Prior to that, he was Executive Vice President at RealPage, a leading SaaS
Gen II Fund Services (Gen II), an independent private capital fund administrator, has appointed Michael Abatemarco as head of credit, effective 9 August.
Align Capital Partners’ (ACP) accounting, tax and valuation advisory firm, WilliamsMarston as acquired Tucson, Arizona-based Oracle Capital (Oracle Capital), a provider of complex valuation consulting services to pre-IPO, public and private equity-backed companies.
This is the fifth acquisition WilliamsMarston has completed in the past two years which brings the Firm’s headcount to nearly 200 professionals.
Oracle Capital provides complex valuations for intangible assets, impairment of intangible assets, stock options, financial instruments, solvency & fairness opinions and fair value accounting to privately held and public companies in a variety of industries. Managing Partner, Rob Maxfield, and his entire team joined WilliamsMarston
Not-for-profit investors see private markets as the biggest opportunity for higher returns in the coming years, according to Mercer’s first Global Not-for-Profit (NFP) Investment Survey.
Gresham House’s Baronsmead VCTs have exited their stake in compliance software business Ideagen following its sale to private equity firm Hg Capital.
The deal values Ideagen at £1.1 billion, making it the first Baronsmead VCTs unicorn in pound sterling at the point of exit.
The Baronsmead VCTs’ investment generated a 13.5x return at the point of exit, with Hg Capital’s take-private deal completing in July 2022.
Ideagen is a Software as a Service (SaaS) business focused on helping companies in highly regulated industries – including banking, insurance and healthcare – comply with regulation and manage governance risk. Established
Pembroke VCT has led a £2.5 million investment round in Auddy, a podcast business founded by former Virgin Executive and Virgin Radio International founder, Andrew Craissati.
Auddy’s investment, which totalled £1.8 million, was supported by existing investors Haatch Ventures and Brick Capital Ventures.
With over 4,000 podcast shows, 12 million monthly downloads and a historical 11 million downloads in the UK alone, Auddy’s podcasts include popular titles such as Science-ish, Inside the Tour and Smoke Screen.
The investment will help support Auddy to continue its organic growth and further invest in both technology and content. The market for
JTC has launched a fund administration offering in Ireland to complement existing Alternative Investment Fund Manager (AIFM), depositary and corporate services.
Vista Equity Partners (Vista), is to acquire Avalara, a provider of tax compliance automation for businesses of all sizes, for $93.50 per share in an all-cash transaction valued at $8.4 billion, inclusive of Avalara’s net debt.
The per share purchase price represents a premium of 27% over the Company’s closing share price as of 6 July, 2022, the last trading day prior to media reports regarding a potential transaction.
In partnering with Vista, which focuses exclusively on investments in enterprise software, data, and technology-enabled businesses, Avalara will look to build on its successful platform by refining its go-to-market strategy, expanding
TruArc Partners, a private equity firm focused on the middle-market, has acquired Molded Devices, Inc, from PNC Mezzanine Capital and Molded Devices Founder Brian Anderson.
Molded Devices provides high-precision, value-added plastic and rubber component manufacturing solutions for medical and non-medical applications.
Molded Devices’ core manufacturing capabilities include injection molding, tube extrusion, blow moulding, dip moulding, and dip coating. The company also provides a range of value-added services including clean room assembly for advanced medical device production, product design and development, and engineering and tooling support – offering a full-suite of solutions to its customer base.
Jack Slinger will continue in
Softeq Development Corporation (Softeq), a Houston-based global hardware and software services development company serving Fortune 500 companies, has secured an additional commitment of $5 million to the Softeq Venture Fund from a new group of venture capital investors in New Hampshire, and created a new satellite venture studio.
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