IVCA Newsletter – February 28, 2024
Association News
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
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
Wind Point Partners Port Co Central Moloney Acquires Cam Tran
Ropes & Gray Advises Avista Capital Partners on Acquisition of Terrats Medical
Frontenac Port Co, IT Service Provider, Integris, Acquires Florida-Based MSP, Network People
Ropes & Gray Advises Atria Wealth Solutions in Asset Manager Merger
Wind Point Partners Backed Hasa Acquires Chem Eleven, a Subsidiary of FSTI, Inc.
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
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:
- David Rubin
- P: (312) 267-8756
- E-Mail: drubin@svoco.com
- Will King
- P: (312) 267-8744
- E-Mail: wking@svoco.com