Global investment management firm Invesco has elected Richard Wagoner as a member of the board of directors, effective October 7, 2013. Wagoner, 60, served as chairman and chief executive officer of General Motors Corporation from May 2003 through March 2009.
2 min read · 21 May 2013
Danlaw, a provider of vehicle telematics solutions, automotive electronics and embedded engineering services, has appointed Jim Street as its new chief financial officer. Reporting directly to DANLAW's Chief Executive Officer, Raju Dandu, Street brings deep experience with securing equity investments and funding sources.
2 min read · 21 May 2013
Orthopaedic Synergy has elected two experienced directors to its board. Guy Mayer, an experienced orthopaedic executive, will serve as the chairman of the board of directors and David Johnson, an established medical device expert, will join as a director. Orthopaedic Synergy Inc., a Raynham, Mass.-based provider of products for the orthopaedic device market is backed by Pioneer Capital Partners and Birnie Capital Partners.
3 min read · 21 May 2013
BelHealth Investment Partners has appointed Paul Barrett to its investment team as an associate. Barrett will be active in executing new transactions and working closely with existing portfolio companies.
2 min read · 21 May 2013
European Capital Limited has invested 4 million euros ($5 million) in mezzanine bonds to support the acquisition of Precisium Group by a company controlled by Alliance Industrie's shareholders. European Capital first invested in Alliance Industrie in December 2006. Founded in 1989, Paris-headquartered Alliance Industrie purchases and distributes spare parts for automotive and commercial vehicles in France and in the UK.
3 min read · 21 May 2013
Cotton Creek Capital has added Clayton Milburn to the investment team as an associate in the Austin office. Previously, Milburn was an associate in the leveraged finance group at ORIX Corporate Capital, a Dallas-based investment arm of ORIX Corporation ($100 billion in global assets).
2 min read · 21 May 2013
National Financial Partners, a provider of benefits, insurance and wealth management services, has named Douglas W. Hammond, president and chief operating officer, as chief executive officer. Hammond succeeds Jessica M. Bibliowicz, chairman and CEO of NFP.
5 min read · 21 May 2013
Oppenheimer & Co. Inc, a unit of Oppenheimer Holdings has made several senior hires. The recruitment drive includes two recent additions in the investment banking division: David Brown and Robert Cramer.
3 min read · 21 May 2013
This Tuesday morning First Read brings you five traits to look for in start-up employees; an insight into the success of sovereign wealth funds and a musing on the rarity of mergers among start-ups and VCs.
1 min read · 21 May 2013
European media and communications focused private equity group GMT Communications Partners together with Veronis Suhler Stevenson have teamed up with management to provide growth capital to IT-Ernity, a provider of business critical managed services and shared hosting for SMEs in the Netherlands. Founded in 2002 by its managing director, Sebastiaan de Koning, and R&D manager Tom Pfeifer, IT-Ernity offers a comprehensive catalogue of standardised fully managed solutions, including system administration, protection, security, application management and other outsourcing services.
4 min read · 20 May 2013
