IVCA Newsletter – February 28, 2024

Association News

IVCA Feature: For Women’s History Month, Online Articles Highlighting Women’s Participation in Venture Capital and Private Equity

Sponsorships Available Now for the 2024 IVCA Invitational

Legislative News

IVCA Provides Updates for State Legislative Issues – 02/28/2024


IVCA Events

June 24, 2024 – IVCA Invitational hosted by IVCA Promoting Diversity Foundation

October 24, 2024 –IVCA CFO Summit for VC and PE Professionals sponsored by Plante Moran

December 9, 2024 – IVCA Annual Awards Dinner presented by Kirkland & Ellis, LLP


Other Events of Interest

None listed but please check back!


Industry News

GTCR and Avryo Healthcare Invest in 7to7 Dental

Prairie Capital Partners with Blue Alliance IT

Monroe Capital Supports Equity Group Investments’ Lanter Delivery Systems

Cooley Advises Bluestein Ventures on Close of $45 Million Fund III

Ropes & Gray Advises Blue Earth Capital on Landmark Secondary Transaction in Emerging Markets and Impact Investing

Sidley Represents Perforce in Its Acquisition of Delphix

Thoma Bravo Completes Growth Investment in Hypergene

Patriot Capital Completes Majority Recapitalization Investment in Central States Bus Sales, Inc.

Sidley Represents Buckthorn Partners In Its US$210 Million Sale of Coretrax to Expro

Ropes & Gray Represents Alcami in Acquisition of Pacific Pharmaceutical Services

Victory Park Capital Announces Hiring of Stephanie Mesheski as Principal, Investor Relations

BluWave Recognizes Cressey & Co. with 2024 Top PE Innovator Award

Wynnchurch Capital Announces New Hires

High Street Capital Expands Investment Team with Steve Natali

Frontenac Receives 2024 Top Private Equity Innovator Award

Victory Park Capital Announces Promotions, Including Two New Managing Directors

Joseph Gordon Joins Water Street; Focused on Medical Products

Ropes & Gray Advises Virtusa on its Acquisition of BRIGHT, Deepening ServiceNow and Splunk Capabilities for Enterprises

Sidley Represents Monumental Sports & Entertainment in an Arena and Sports Anchored Development Project

Thoma Bravo Port Co Delinea to Acquire Fastpath to Revolutionize Privileged Access and Identity Governance

Concentric Equity Partners Portfolio Company Riverbend Sandler Pools Announces Acquisition of Richard’s Total Backyard Solutions

Wind Point Partners Port Co Central Moloney Acquires Cam Tran

Ropes & Gray Advises Avista Capital Partners on Acquisition of Terrats Medical

Thoma Bravo Backed Apryse Announces Acquisition of AI-Powered Document Toolkit Provider LEAD Technologies

Frontenac Port Co, IT Service Provider, Integris, Acquires Florida-Based MSP, Network People

Data Society Acquired by Growth Catalyst Partners-Backed Data Leadership Platform to Form Data Society Group

Ropes & Gray Advises Atria Wealth Solutions in Asset Manager Merger

Frontenac Port Co Integris Bolsters Growth Through Acquisition: Adds Florida-Based MSP Provider Network People as 9th Addition

Wind Point Partners Backed Hasa Acquires Chem Eleven, a Subsidiary of FSTI, Inc.

Thoma Bravo Port Co Flexera Completes Acquisition of Snow Software, Broadening its Portfolio for Technology Value Optimization

Ropes & Gray Advises Patient Square Capital in Take-Private Acquisition of Hearing Aid Company

U.S. Department of Justice Signals Tougher Enforcement Against Artificial Intelligence Crimes

Ropes & Gray Represents Cadre Holdings in its Acquisition of Alpha Safety Intermediate

IT’S BA-ACK: FinCEN Issues Notice of Proposed Rulemaking for SEC Registered Investment Advisers and SEC Exempt Reporting Adviser

Ropes & Gray Advises GI Partners and Blue Stream in Strategic Investment

The U.S. Plans to ‘Lead the Way’ on Global AI Policy

Ropes & Gray Advises Nature Infrastructure Capital on Significant Investment in ECO STOR


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! Pfingsten Partners Associate to Corporate Finance team

Company Description:

Pfingsten is a Chicago-based, operationally-driven private equity firm that invests in manufacturing, distribution and business services companies with revenue between $20 to $150 million and EBITDA between $3 to $12 million.  Since 1989, Pfingsten has completed 55 platform transactions and 109 add-on acquisitions. For more information on Pfingsten, please visit www.pfingsten.com.

Position Description:

Associates interact directly with all members of the firm and our portfolio companies and they will have a high degree of freedom to make a meaningful contribution to our firm’s future.  There is no set duration for Pfingsten’s Associate position. The strongest performers will have the opportunity to grow into additional responsibility with the firm. 

Start Date:

Immediate or Q1 2024

Contact: 

Phil Bronsteatter pbronsteatter@pfingsten.com

Sandbox Industries – Associate Position

Sandbox Industries invests in innovation to drive lasting change in human livelihood by fostering innovation across healthcare, insurance, and sustainability. We incorporate the best of traditional and corporate investing firms. Approximately 90% of the capital we manage is from strategic limited partners – large industry incumbents who are eager to embrace the innovations and technologies disrupting their businesses through a market-based approach. We partner with entrepreneurs who are seeking to make an impact on areas of high strategic value to corporate organizations, as well as with these organizations themselves. The primary medium for this work is venture capital.

In line with our mission, Sandbox Industries has served as the exclusive provider of investment management services to the Blue Venture Funds for over a decade. The Blue Venture Fund, a unique collaboration among Blue Cross Blue Shield companies, the Blue Cross Blue Shield Association, and Sandbox Industries, is owned, governed and capitalized by participating Blue Plans and affiliates. The Blue Venture Fund invests in venture and growth opportunities within healthcare technology, healthcare services and clinical sciences.

Associate Position

We are seeking passionate and self-motivated people to join our healthcare investment team to support all aspects of the investment process. Our team is open, thoughtful, and collaborative.

Please contact hctrecruiting@sandboxindustries.com if you are interested.

Sandbox is an Equal Opportunity Employer and considers applicants for employment without regard to race, color, religion, sex, orientation, national origin, age, disability, genetics or any other basis forbidden under federal, state, or local law.

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:

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