Pharos Capital Group related stories
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On the move, 6.15.2015The following hires, promotions and appointments are for the June 15, 2015, issue of Buyouts.
Pharos hires business development directorAdam Persiani has joined Pharos Capital Group as director of business development. Persiani will be based in the firm's Dallas office. Previously, he worked at Valesco Industries where he served as a manager.
- Kelso, Estancia Capital closed American Beacon buy
Kelso & Company and Estancia Capital Management have completed their buy of American Beacon Advisors Inc. Financial terms were not announced. The deal was announced in November.
- Kelso and Estancia to acquire PE-owned American Beacon parent Lighthouse Holdings
Kelso & Company and Estancia Capital Management have agreed to buy Lighthouse Holdings, the parent company of American Beacon. No financial terms were disclosed for the transaction that is expected to be completed in the second quarter of 2015. RBC Capital Markets and Barclays are providing debt financing for the transaction. Sandler O’Neill + Partners is advising Kelso & Company and Estancia Capital Management while J.P. Morgan Securities is advising American Beacon. American Beacon is a provider of investment advisory services to institutional and retail markets. Lighthouse Holdings is owned by TPG Capital and Pharos Capital Group.
- New Capital Partners promotes
New Capital Partners has promoted Adam Cranford, Seton Marshall and Paul Pless as principals of the firm. The firm has also promoted Ryan Berg to senior associate.
Funds of funds, emerging managers anchor Chicago Teachers’ strategy : UPDATEDMany limited partners claim to adhere to a policy of sticking to core managers. But few have executed on that policy with the level of consistency demonstrated by the Chicago Teachers’ Pension Fund.
- Bonaventure Capital and Fidelis Capital acquire Time Domain
Time Domain has been bought by a private equity group led by Bonaventure Capital and Fidelis Capital. No financial terms were disclosed. Based in Huntsville, Alabama, Time Domain is a provider of ultra wideband products and services. Time Domain had been backed by Pharos Capital Group.
- Pharos Capital Acquires Employee Benefit Solutions
Pharos Capital Group has acquired Employee Benefit Solutions. The business is a provider of healthcare cost containment and wellness programs for small and mid-sized employers. Terms of the transaction were not disclosed.
- Emerging manager trade chief steps down(2)
Ed Dandridge, the outspoken head of the National Association of Investment Companies, worked to highlight the strong performance of diverse and minority-led firms.
- Pharos Capital acquires Seaside Healthcare
Pharos Capital Group said Friday that it has acquired Seaside Healthcare. No financial terms were disclosed. The transaction was done in partnership with Seaside's founder, Franklin Roemer. Stephens advised Seaside on the deal. Headquartered in Shreveport, Louisiana, Seaside is a behavioral health services provider.