PE leaders are scrambling to keep up with the Covid-19 crisis. What they need is a practical way to assess risk company by company and prioritize the most effective response. By Marc Lino, Hubert Shen, Andrei Vorobyov and Hao Zhou; partners with Bain & Company’s global private equity practice As fast as the Covid-19 crisis […]
This is the time for decisive action and digital tools can be enablers to facilitate frequent communications and stay top of mind. By: Bill Haynes, Founder and CEO, BackBay Communications Digital communications have been growing in adoption and importance. Some have put these initiatives off, whereas others have built out effective capabilities to continually interact […]
JLL Partners has partnered with biomedical executive Bart Doedens to form Renovo Health, a new platform company in the medical materials sector. Renovo will look to buy, build, and develop materials technologies used in medical and dental procedures. JLL has committed $100 million to capitalize Renovo and fund future acquisitions. “We firmly believe underlying demographic […]
The preconception that risk analysis is only about avoiding worst-case scenarios is an inhibitor to recognizing the upside potential of a more holistic and quantifiable process. By Luke Phenicie, Lead Transaction Partner, HKW Time can warp an investor’s view of risk. Ten years removed from the global financial crisis, average entry valuations in private equity […]
New Providence Acquisition (NPA), a consumer-focused special purpose acquisition company (SPAC), has closed a $230 million public offering. NPA is led by Alex Coleman and Gary Smith, two experienced consumer sector investors. UBS O’Connor, a hedge fund investor and part of UBS’ asset management division, is an anchor investor in the company. Prior to the […]
Intermediate Capital Group (ICG) has hired Alan Jones as a senior managing director with responsibility for building a private equity business in North America. Mr. Jones has more than three decades of private equity experience and joins ICG after a 25-year career at Morgan Stanley where he served most recently as vice-chairman of private credit […]
Bonaccord Capital Partners and Wafra, Inc. have closed a minority investment in private equity firm AE Industrial Partners (AEI). Boca Raton-based AEI invests in the aerospace and defense, power generation and specialty industrial sectors with a specific focus on technical manufacturing, distribution and supply chain management, MRO (maintenance, repair and overhaul) and industrial service-based businesses. […]
Altamont Capital Partners has added Sharon Luboff to its team as an operating partner. Ms. Luboff and John Barr, also an operating partner at Altamont, have been tasked with acquiring and building a new medical device platform. Ms. Luboff has 37 years of experience in the medical device industry. Most recently she was as a […]
May River Capital has partnered with industry executive Jeff Oravitz to seek and acquire a specialty coatings and materials company. Steve Griesemer and Chip Grace, both partners at Chicago-based May River, are coordinating the search for the new platform. For almost 11 years Mr. Oravitz was with MetoKote, most recently as president, which was acquired […]
Greenberg Variations Capital (GVC), a new investment banking firm devoted to clients engaged in one-off or lightly competitive transactions, has opened for business, according to Andrew Greenberg, GVC’s chief executive officer. “Wide-open auctions will always have a place in the M&A market,” said Mr. Greenberg. “But more and more processes involve counterparties who have more […]
