Here's the latest midweek news including Euro veteran PAI Partners' sixth fund close; a real first read of the Vatican annual report and an insight into management fee waivers.
1 min read · 02 October 2013
Square 1 Bank, a banking partner to entrepreneurs and the venture capital community, has appointed Ron Kundich as senior vice president. Kundich was a member of Square 1 Bank’s founding team, and assisted in the opening of the Silicon Valley office in 2005.
2 min read · 01 October 2013
H.I.G. Capital has made a strategic investment in Lexmark Carpet Mills. The business is a manufacturer of broadloom carpet for hospitality, residential and niche commercial applications.
3 min read · 01 October 2013
Commonfund has made some appointments to its West Coast office. Kent T. Scott, managing director, Commonfund Capital, will relocate from the company’s headquarters in Wilton, CT to Commonfund’s San Francisco office. Scott will be joined by new hires, Jeffrey A. Stabler, managing director of consultant relations, and client service directors, Jennifer J. Seidler and Mr. Issa T. Brandt.
3 min read · 01 October 2013
Global asset manager Adveq's Adveq Secondaries II fund closed above its $150 million target, reaching its hard cap of $175 million. The vehicle will continue the strategy of its predecessor fund, Adveq Secondaries C.V. investing in opportunities across a broad range of investment stages, including small and midsize buyout opportunities, development capital, seed/early-stage venture capital and special situations.
2 min read · 01 October 2013
DFJ Esprit has strengthened its ties with a global network of investors which includes the Silicon Valley venture capital firm that backed Hotmail, Skype, Box, Twitter and Tesla Motors. Simon Cook, managing partner of London-based DFJ Esprit, will join the board of the DFJ Global Network, based in Silicon Valley which was founded by Draper Fisher Jurvetson, one of Silicon Valley’s leading investors.
4 min read · 01 October 2013
Bell and Howell, a global provider of multi-channel communications solutions for print, web and mobile delivery, announced that Leslie Stern is stepping down as the company’s CEO for personal reasons. The board of directors has appointed one of its members, Kamal Advani of controlling shareholder Versa Capital Management as interim CEO until a permanent successor is found.
3 min read · 01 October 2013
TellApart, a provider of personalized marketing solutions for omnichannel commerce, has completed the acquisition of AdStack. The business is an email marketing optimization provider.
2 min read · 01 October 2013
Fieldwood Energy, a portfolio company of Riverstone Holdings has closed its acquisition of Apache Corporation’s Gulf of Mexico Shelf business for $3.75 billion, based on an effective date of July 1, 2013. The acquisition establishes Fieldwood as the owner of the largest operated asset base on the Gulf of Mexico Shelf with a leasehold comprising greater than 500 blocks and net production of approximately 100,000 boepd, which is 55% oil.
3 min read · 01 October 2013
Monroe Capital has provided a $16.6 million senior secured credit facility to support the acquisition and growth of an unnamed dental practice management company by a New York City-based private equity sponsor. The company is a premier dental practice management organization in the Pacific Northwest.
1 min read · 01 October 2013
