IVCA Newsletter – April 19, 2023

Association News

IVCA Feature: Highlights of the 2023 IVCA Spring Luncheon … ‘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 – 04/19/2023


IVCA Events

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

May 22-24, 2023 – MedCity Invest

May 23-24, 2023 – 2023 Midwest Growth Capital Symposium


Industry News

Monroe Capital Supports Estancia Capital Partners’ Investment in Snowden Lane Partners

RhythmScience Secures $6M Series A Investment Led by Cedars-Sinai Health Ventures; OCA Participates

Zengines raises $5M for AI-powered data conversion; Hyde Park Venture Partners Leads Investment; HPA Participates

Sidley Represents Monarch Collective, A Newly Launched Investment Fund Focused Exclusively on Women’s Sports

Ropes & Gray Advises Parthenon Investors VII On First and Final Closing

Monroe Capital Supports Alpine Investors’ Acquisition of Medusind

Aqua Cultured Foods raises $5.5M to bring its seafood alternatives to market; HPA Participates

Magnet Forensics Announces Closing of Plan of Arrangement with Thoma Bravo

Sidley Represents Clearlake and STG in Sale of Archer to Cinven

Ropes & Gray Represents Audax Private Equity in Strategic Investment in Mosaic Dental Collective

BPOC Launches Atlas Clinical Research, a Premier Clinical Research Site Platform

Monroe Capital Supports Growth of Amelia

Prairie Capital V Announces the Sale of Tower Engineering Professionals

Sidley Represents Bridgepoint in the Sale of Blume Global to WiseTech Global

Ropes & Gray Represents Signify Health on Closing of its Sale to CVS Health

BPOC establishes a $425 million continuation fund co-led by Apollo S3, Blackstone Strategic Partners and Five Arrows

RCP Fund XVII Exceeds Target Fund Size, Closing $328 Million in Aggregate Capital Commitments

Sidley Represents Atia Vision Inc. in Series E Financing

Ropes & Gray Advises on Two of Top Five PE Funds of Q1

Sidley Represents Wafra in Its Investment in Spotless Brands

Ropes & Gray Advises Harvest Partners in Agreement to Sell Lazer Logistics

Sidley Represents Z Capital Partners Portfolio Company Techniks Tool Group in its Acquisition of The Eppinger Group

Ropes & Gray Advises Source Advisors on Acquisition of GovGrant

Sidley Advises Lightspin Technologies in Its Pending Acquisition by Cisco

Ropes & Gray Advises Intuitive Health in Acquisition of Premier ER & Urgent Care

Ropes & Gray Advises ImmunoGen in Term Loan Financing Up to $175 Million

The Future of Food: European Regulators Taking Action?


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:

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

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