IVCA Newsletter – March 13, 2024
Association News
Sponsorships Available Now for the 2024 IVCA Invitational
Legislative News
IVCA Provides Updates for State Legislative Issues – 03/13/2024
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
March 19, 2024 – Investing in America’s Economic and National Security
April 16-17, 2024 – InvestMidwest 2024
April 29-May 1, 2024 – DealMAX 2024
May 21-22, 2024 – INVEST Healthcare Investment Conference 2024
October 10, 2024 – MVCA 17th Annual Awards Celebration
Industry News
Chipp Raises $800k to Help Businesses Use AI; M25 Participates
Kinzie Capital Partners Announces the Acquisition of Arctic Industries
Ropes & Gray Advises THL on Acquisition of Agiliti
GTCR Announces Sale of RevSpring
Linden Invests in Alcresta Therapeutics
Monroe Capital Funds Make Strategic Investment in Second Avenue
Everbridge Enters into Amended Merger Agreement with Thoma Bravo
Sidley Represents Fifth Star in PARTS iD’s Chapter 11 Restructuring
Ropes & Gray Advises TPG Growth on its Exit from Afrobeats Label Mavin Global
Pfingsten Completes Second Acquisition for Agricultural and Propane Distribution Platform
Arbor Investments Announces Sale of Concord Foods to Sugar Foods
Ropes & Gray Represents Health Care Provider in $1.3 Billion Liability Management Transaction
Sidley Advises Resident Home in Its Acquisition by Ashley Home
7wireVentures Kicks Off 7wireVentures MBA Summer Internship for 2024!
HPA Announces Key Leadership Promotions in Investment Team
Frontenac Named to 2024 TOP 50 PE Firms in The Middle Market™ List
Sidley Represents Rigel Resource in US$362 Million Business Combination with Aurous
Ropes & Gray Advises Sixth Street on Italian Retail Joint Venture
Justin Ishbia, Shore Capital Partners, Featured on The Twenty Minute VC (20VC) Podcast
Wynnchurch Capital Announces Promotions
Ropes & Gray Represents Charlesbank Capital Partners on its Acquisitions of EverDriven
Pritzker Private Capital Port Co Sugar Foods Acquires Concord Foods
Concentric Equity Partners Port Co Rapidfire Safety & Security Acquires Texas Star Fire Systems
Sidley Represents Radiology Partners In Its US$720 Million Equity Raise
Ropes & Gray Represents Lee Equity Partners in Acquisition of PCS Retirement
Sidley Represents Totango In Its Merger with Catalyst
Ropes & Gray Advises Limerston Capital on Second Fund Close
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