IVCA Newsletter – May 3, 2023

Association News

IVCA Feature: The Debate Over ESG, As Reported in the Online Press

New IVCA Event!  Join us on May 25th for “2023 M&A Deal Terms Study – How It Relates To Your Business”

June 26, 2023 IVCA Invitational golf – Sponsorships still available!


Legislative News

IVCA Provides Updates for State Legislative Issues – 05/3/2023


IVCA Events

May 25, 2023 – 2023 M&A Deal Terms Study – How It Relates To Your Business

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

Foresight Diagnostics announces $58.75 Million Series B financing led by Foresite Capital to commercialize ultrasensitive liquid biopsy MRD testing platform; Agent Capital Participates

Habi, the Largest Proptech Company in Spanish Speaking Latin America, Announces US$100 Million Credit Facility from Victory Park Capital

Locke Lord Team Represents Chicago Pacific Founders as Lead Investor in $90 Million PIPE Offering by P3 Health Partners | Experience | Locke Lord

Vedder Price Advises Valor Equity Partners in $60 Million Investment in Unchained

Ropes & Gray Advises H.I.G. Infrastructure in Acquisition of Tower Engineering Professionals

Thoma Bravo Sponsors Launch of Industry Group to Advance Cybersecurity Sector

WP Global Partners Hires ACA Group, Lisa Walker, Chief Compliance Officer

Locke Lord Team Represents Lime Rock New Energy in Investment in Aperia Technologies | Experience | Locke Lord

Vedder Price Represents Krause Group in Pending Sale of Kum & Go and Solar Transport to Maverik

Ropes & Gray Advises CVC Capital Partners and System C on Latest Acquisitions

Testa Produce Joins Wind Point Partners Backed FreshEdge

Thoma Bravo Backed Raptor Technologies Acquires SchoolPass

Ropes & Gray Advises Veterinary Practice Partners and Audax Group in its Acquisition of Caring Hands

Ropes & Gray Represents Gauge Capital and Circa in its Sale to Mitratech

Ropes & Gray Represents VettaFi and Aretex Capital Partners in Acquisition of ROBO Global Index Suite

Ropes & Gray Represents New Mountain Capital and Radancy in Acquisition of Ascendify

Ropes & Gray Represents Audax Private Equity in its Investment in Pyramid Laboratories, Inc.

Ropes & Gray Represents [solidcore] in its Minority Sale to Kohlberg & Company

Ropes & Gray Represents New Mountain Capital and Real Chemistry in the Acquisition of TI Health

Ropes & Gray Represents BondBloxx in Strategic Equity Investment by Macquarie Asset Management

Ropes & Gray Represents New Mountain Capital in Acquisition of ALKU

Ropes & Gray Represents Charlesbank Capital Partners and BOX Partners in its Acquisitions of The Packaging Wholesalers

Ropes & Gray Advises Berkshire Partners in Finalizing its Investment in Thompson Safety

Ropes & Gray Represents Rodan + Fields in Uptier Exchange Resulting in Near-Unanimous Lender Participation


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:

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