IVCA Newsletter – April 5, 2023
Association News
IVCA Feature: New Member Profile of Buoyant Ventures
April 11 is coming up fast! “Establishing a Private Equity Firm: Then, Now and in the Future”
June 26, 2023 IVCA Invitational golf – Sponsorships still available!
Legislative News
IVCA Provides Updates for State Legislative Issues – 04/05/2023
IVCA Events
April 11, 2023 – 2023 IVCA Spring Luncheon – Establishing A Private Equity Firm: Then, Now, and in the Future
June 26, 2023 – 2023 IVCA Invitational – Golf Event
October 26, 2023 – 2023 IVCA CFO Summit
December 4, 2023 – 2023 IVCA Awards Dinner
Other Events of Interest
April 12-13, 2023 – 2023 InvestMidwest
May 22-24, 2023 – MedCity Invest
May 23-24, 2023 – 2023 Midwest Growth Capital Symposium
Industry News
RCP Fund XVII Exceeds Target Fund Size, Closing $328 Million in Aggregate Capital Commitments
High Street Capital Invests in Pinnacle Contracting Services
Ropes & Gray Advises Bain Capital Ventures on Closing of Bain Capital Ventures Co-Investment Fund IV
Vedder Price Represents Raptor Scientific in Its Acquisition of King Nutronics Corporation
Zengines raises $5M for AI-powered data conversion; HPA Participates
The Bottom Line: NewSpring Invests in Prosperity Behavioral Health
Ropes & Gray Advises Silver Lake and Weld North Education in Acquisition of Winsor Learning
Sidley Represents Fifth Wall in Investment in Solarcycle’s Series A Financing
Shore Capital Partners Announces Sale of Innovia Medical
Plaskolite to Acquire Cell Cast Acrylic Manufacturing Facility from Trinseo
Wind Point Partners-Backed Hasa Acquires Orenda Technologies
Ropes & Gray Represents Gauge Capital in Acquisition of BASE Education
New Federal Advocacy Opportunity: The National Security Commission on Emerging Biotechnology
Periscope Equity Promotes Lisa Harkins to Chief Financial Officer
Thoma Bravo Launches New Podcast: Thoma Bravo’s Behind the Deal
Ropes & Gray Advises FB Debt Financing Guarantor and its Subsidiaries in 363 Sale of r.e.m. Beauty
CORE Industrial Partners Portfolio Company RE3DTECH + GoProto Acquires Phoenix Proto Technologies
Wynnchurch Capital Announces Promotions and Expands Operations Team
Wind Point Partners Port Co Pavion Acquires Security Source
Sidley Strengthens Global M&A and Private Equity Practice With Partner Ali Shaikley
Ropes & Gray Advises Brookfield on Joint Venture Recapitalization of Prime UK Logistics Portfolio
Ropes & Gray Represents Gauge Capital in Strategic Investment in Streamline Healthcare Solutions
Ropes & Gray advises Bridgepoint on its investment in Monica Vinader
Ropes & Gray Advises Second Lien Ad Hoc Group on Out-of-Court Restructuring of Yak Access, LLC
Ropes & Gray Advises New Mountain Capital and Emmes in Acquisition of Essex Management
Ropes & Gray Advises BlackRock Alternatives in MACRO Media Company Strategic Funding
Job Postings
Please view the full details for each Job Posting listed below, on our website HERE. Once at Job Postings please scroll down the pages to view the jobs. They are listed chronologically as received, most current first.
New! SSM Partners – Associate (pre-MBA)
SSM is a growth equity firm and invests in rapidly-growing software and tech-enabled companies across healthcare and B2B. SSM partners with talented entrepreneurs and management teams to help them scale by building a trusted relationship, offering a thorough understanding of the growth company lifecycle and a collaborative approach to building great businesses. SSM makes minority and majority equity investments of $10 to $30 million per opportunity and is investing out of a $150 million fund.
The Associate will be a member of SSM’s tight-knit, scrappy investment team. The Associate will be given autonomy across all aspects of the group’s activities and investment process — sourcing, diligence, execution, and portfolio management – building an active network and working closely with founders, CEOs, management teams, industry leaders, and senior investment professionals at SSM. The role will be based in Memphis and is a two- to three-year position with a targeted start date in summer 2023.
Further information about SSM can be found at ssmpartners.com and referrals or questions can be sent via email to ed@ssmpartners.com. Resumes can be submitted at ssmpartners.com/hiring.
New! Svoboda Capital Partners – Private Equity Associate
Svoboda Capital Partners, LLC (“SCP”) was founded in 1998 to invest in and help build business services and value-added distribution companies. SCP invests in leveraged buyouts, recapitalizations, and growth equity opportunities. SCP targets middle market growth companies which typically have between $10 million to $100 million in revenue and $3 million to $15 million in EBITDA.
Job Description:
Assist in identifying, evaluating, and executing potential acquisitions through due diligence, market research and financial modeling. Assist in the development and ongoing management of portfolio companies, including portfolio company and investor financial reporting. Assist in initiating and maintaining relationships with intermediaries and other investment sources.
The position requires direct interaction with the principals of SCP and top management of portfolio companies and offers a highly challenging and diverse experience. Position will be originally structured for a two-year term, but the opportunity for a third year may exist.
Contacts:
- David Rubin
- P: (312) 267-8756
- E-Mail: drubin@svoco.com
- Will King
- P: (312) 267-8744
- E-Mail: wking@svoco.com
NEW! 50 South Capital – Analyst, Private Equity
50 South Capital (www.50southcapital.com) is the private equity investment group within Northern Trust. 50 South Capital’s private equity group makes primary, secondary, and direct co-investments in buyout and venture capital funds and companies in the U.S., Europe and Asia. The team has extensive experience investing in the industry and has been led by its founding partners since 2000. It oversees over $12.5 billion in assets and is experiencing rapid growth.
The individual in the two year Analyst position will participate in all of the group’s activities, including investments, fundraising and portfolio management. This will include screening investment opportunities; meeting fund management teams; completing due diligence, including valuations and modeling; participating in various portfolio monitoring tasks and data analysis projects; creating and updating marketing materials; and participating in fundraising related initiatives.
View details and requirements HERE!
Submissions should be emailed to Bradley Michael Dorchinecz BMD3@50southcapital.ntrs.com
May 2022:
Kinzie Capital Partners – Vice President, Finance & Accounting
As a valuable Kinzie employee, the Vice President, Finance & Accounting will assist the team by taking an active role in supporting the Finance & Operations team, which is dedicated to financial and compliance management as well as general operations. This role reports to the Founder & Managing Partner and works closely with the Director, Investor Relations & Operations as well as the Assistant Vice President, Finance & Investor Relations.
Get full job description HERE! Please send inquiries to employment@kinziecp.com