Private Equity
Credit Suisse announced the addition of Eric Varvel to its international wealth management division, effective June 1, 2016. Varvel will succeed Bob Jain as global head of asset management, reporting to Iqbal Khan, CEO of international wealth management. A twenty-five year veteran of Credit Suisse, Varvel has held several senior roles at the company, including in the Asia Pacific region.
3 min read · 10 May 2016
Bayshore Networks raised $6.6 million in Series A funding from Trident Capital Cybersecurity and its existing angel investors. Alberto Yépez, managing director of Trident Capital Cybersecurity, will join Bayshore's board. The company provides cloud-based software to help protect industrial enterprises against Internet-based cyber attacks.
5 min read · 10 May 2016
Zarget, a software as a service startup, raised $1.5 million in seed funding from Accel Partners and Matrix Partners, as well as angel investors including Freshdeck CEO Girish Mathrubootham. The company launched its Zarget platform, a conversion rate optimization tool built as a Chrome plugin and intended for use by marketers, product managers and web designers.
3 min read · 10 May 2016
To wrap up your Monday, the Justice Department countersued North Carolina over the controversial transgender "Bathroom Bill" that prompted a boycott. Lending Club's CEO is out, and Viv, successor Siri, is in. And Facebook workers admitted to filtering out conservative content from the site's trending stories.
1 min read · 09 May 2016
Imagine! Print Solutions, a portfolio company of Oak Hill Capital partners, named John J. Hans CEO and a member of the board of directors, effective June 1, 2016. Hans, formerly COO of Restaurant Supply Chain Solutions, LLC, will succeed Imagine! founder Bob Lothenbach, who has led the in-store marketing provider since its inception in 1988.
4 min read · 09 May 2016
An affiliate of Peak Rock Capital acquired Diamond Crystal Brands, a manufacturer and distributer of food and beverage products. DCB's products include a range of portion control and single-serve items.
2 min read · 09 May 2016
Blackstone appointed Daniel C. Heintzelman, formerly vice chairman at General Electric, as a senior advisor. Heintzelman will also serve as chairman of Blackstone private equity portfolio company MB Aerospace, which manufactures and repairs engine components. He will provide counsel on the aerospace and industrial sectors.
2 min read · 09 May 2016
Mid-market investment bank Lincoln International represented the shareholders and management of HALO Branded Solutions, Inc. in its sale to Audax Private Equity. Based in Sterling, Illinois, HALO is a marketing services and supply chain platform in the promotional products industry.
2 min read · 09 May 2016
Law firm Cooley LLP added three new partners to its global private equity group: in New York, Ron Hopkinson from Cadwalader, Wickersham & Taft; in Palo Alto, Eric Schwartzman from Weil, Gotshal & Manges; and in London, Stephen Rosen from Olswang. With offices in the United States, China and Europe, Cooley serves private company clients across the tech and life sciences sectors and handled more than 200 M&A deals in 2015.
2 min read · 09 May 2016
Elite Sportswear has acquired Jade Swimwear, which does business as Dolfin Swimwear. Elite, which is owned by The Riverside Company and based in Reading, Pa., focuses on apparel for niche sports such as gymnastics and cheerleading. Dolfin, based in Mohnton, Pa., produces competitive swimwear, including its Uglies line of practice wear. This is Elite's first add-on since Riverside invested in 2015.
2 min read · 09 May 2016
