IVCA Newsletter – March 15, 2023

Association News

IVCA Feature: The Latest on What Venture Capital and Private Equity Don’t Like

Meet IVCA’s New Executive Director at Happy Hour March 20th!

Don’t miss “Establishing A Private Equity Firm: Then, Now, and in the Future”

June 26, 2023 IVCA Invitational Golf Event – Want to sponsor?


Legislative News

IVCA Provides Updates for State Legislative Issues – 03/15/2023


IVCA Events

March 20,2023 – Meet IVCA’s New Executive Director!

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

Origin Ventures Invests in Tilt

Monroe Capital Supports Growth of Vytalize Health

Elate Raises $4.9M Series A, HPA Participates

LOGEX Announces Investment from Thoma Bravo

Sidley Update: Federal Banking Regulators Announce Full Deposit Insurance Coverage of Silicon Valley Bank and Signature Bank Deposits; New Federal Reserve Bank Lending Program

Sidley Represents BMW i Ventures in Investment in Ampeco’s Series A Financing

Arbor Investments Announces Completion of Sale of Red Collar Pet Foods’ Treat Manufacturing Facility in Miami, Oklahoma to Nestlé Purina

Sidley Represents Keymed Biosciences in US$1.1 Billion Partnership With AstraZeneca and Lepu Biopharma

Growth Catalyst Partners Port Co CyberRisk Alliance Acquires KNOW Identity Conference

Frontenac Port Co EFC International Acquires Inventory Sales Company

Wind Point Partners-Backed Pavion Acquires Turnkey Technology

May River Capital Port Co Unibloc Hygienic Technologies Acquires Metaltech Precision Engineers, An Experienced Provider of CNC Machining Services

Sidley Represents Clearlake Capital and Motive Partners-Backed BetaNXT in its Acquisition of Mediant Communications

Pritzker Group Venture Capital Port Co VTS to acquire office-tracking app for about $100M

Wind Point Partners Port Co Pavion Acquires Netronix Integration

Sidley Represents Invenergy Renewables in US$1.5 Billion Renewable Portfolio Acquisition from American Electric Power

Sidley Represents Broadmark Realty Capital in Definitive Merger Agreement With Ready Capital

Suzanne Yoon Named One of Mergers & Acquisitions’ 2023 Most Influential Women in Mid-Market M&A

Monroe Capital Selected as 2022 Lower Mid-Market Lender of the Year and CLO Manager of the Year by Private Debt Investor

Sidley Client Clearlake Capital Group’s Acquisition of Chelsea Football Club Named “Deal of the Year in EMEA”

Law360 Profiles Sidley as a 2022 Private Equity Practice Group of the Year

Sidley Ranked Among Top Firms in The Texas Lawbook M&A Corporate Deal Tracker

The Venture Edge Podcast: Venture Debt


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:

December 2022

Baird Capital –  Fund Analyst

Baird Capital makes venture capital, growth equity and private equity (PE) investments in strategically targeted sectors around the world. Having invested in more than 335 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in the United States, Europe and Asia, a proactive portfolio operations team and a deep network of relationships, which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.

Baird Capital is seeking a dynamic professional to work directly with the investment teams, portfolio operations and COO on fund valuations, quarterly reporting to investors, portfolio review materials and portfolio FP&A. Successful candidates will be highly motivated individuals that possess strong communications, accounting and analytic skills.

Get information here!  Please contact Scott Skie, sskie@rwbaird.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

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