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Audax Private Equity Portfolio Company FDH Aero Completes Minority Recapitalization

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木曜日, 5月 9, 2024

Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth, announced today a recapitalization of portfolio company FDH Aero (“FDH”).

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Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth, announced today a recapitalization of portfolio company FDH Aero (“FDH”).
The equity investment from NB will allow FDH to continue investing across organic and inorganic initiatives, while allowing Audax to remain the control investor.
“We are pleased to welcome Neuberger Berman as partners to support the next chapter of FDH Aero's extraordinary evolution,” noted David Wong, Partner, Audax Private Equity.
Kirkland & Ellis served as legal advisor to Audax Private Equity, while Latham & Watkins served in the same capacity to NB Capital Solutions.

Propel Equity Launches and Announces Closing of Its Investment in Flow Services Holdings

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水曜日, 3月 20, 2024

Ageing, Growth, Acquisition, Audax, Construction

BOSTON, March 20, 2024 /PRNewswire/ -- Propel Equity today announces their launch to market and the close of their platform investment in Flow Services Holdings.

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BOSTON, March 20, 2024 /PRNewswire/ -- Propel Equity today announces their launch to market and the close of their platform investment in Flow Services Holdings.
Prior to forming Propel Equity, Ryan and Franklin were both Managing Directors at Audax Private Equity , a leading middle-market private equity platform.
Propel Equity also launched a newly created residential services platform, Flow Services Holdings, focused primarily on sewer and drain repair services.
Ryan Bruehlmann, Founding Partner at Propel Equity shared, "We see significant opportunity to develop and expand this leading, multi-regional provider of sewer and drain repair services through our investment in Flow Services Holdings.

Pyramid Labs Appoints Dirk Lange as CEO and Announces a Doubling of Commercial Fill-Finish Capacity

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水曜日, 3月 6, 2024

Other Manufacturing, Professional Services, Manufacturing, Biotechnology, Health, Pharmaceutical, Retail, Asset Management, Supply Chain Management, Multimedia, Growth, Nucleotide, CDMO, Peptide, Pyramid, Protein, Knowledge, Audax, Management

View the full release here: https://www.businesswire.com/news/home/20240306544414/en/

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View the full release here: https://www.businesswire.com/news/home/20240306544414/en/
“I am excited to lead Pyramid during this pivotal time in the Company’s growth trajectory and as the company is doubling its commercial fill-finish capacity,” noted Dirk Lange.
Lange most recently led MilliporeSigma’s Life Science Services business and previously was the CEO of KBI Biopharma and Selexis.
He joins Pyramid at a point of accelerated growth, as the company is doubling its commercial fill-finish capacity.
“We are very pleased to welcome Dirk to the Pyramid team as we continue in our transformative growth phase,” commented Medhat Gorgy.

Audax Private Equity Voted Mid-Market Firm of the Year in North America for Second Consecutive Year

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月曜日, 3月 4, 2024

Professional Services, Finance, Executive, Private equity, Investment, Private Equity International, HEC, Audax, Security (finance)

Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth, was recognized as the “Mid-Market Firm of the Year, North America,” in the 2023 PEI Awards.

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Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies that seeks to facilitate transformational growth, was recognized as the “Mid-Market Firm of the Year, North America,” in the 2023 PEI Awards.
This recognition, determined through a vote of industry peers and practitioners, marks the second year in a row that Audax Private Equity has received this honor.
“We’re certainly proud of our recent accomplishments and honored to have received this distinction in consecutive years,” added Young Lee, Partner and Co-President of Audax Private Equity.
2 most active private equity firm in the U.S. in PitchBook’s 2023 Annual League Tables (released earlier in February); and, for the second consecutive year, was named among the Top 50 Private Equity Firms for Executives, compiled by PrivateEquityCXO and Falcon Partners.

Dubai FinTech Summit gathers industry leaders to drive the agenda for the future of FinTech

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水曜日, 1月 31, 2024

Partnership, Traction, Fintech, NBD, Heart, Emirates, USD, Ecosystem, Emirates NBD, DFS, Grand Finale, Audax, Drug

- 30+ industry leaders gathered at the DFS Dialogues roundtable to discuss pressing issues and highlight key trends in the FinTech space to drive the agenda for Dubai FinTech Summit 2024.

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- 30+ industry leaders gathered at the DFS Dialogues roundtable to discuss pressing issues and highlight key trends in the FinTech space to drive the agenda for Dubai FinTech Summit 2024.
During the invitation only DFS Dialogues session, 30+ industry leaders participated in in-depth discussions to chalk out key themes for the upcoming summit.
These dialogues are fundamental in shaping the UAE fintech industry's future and setting the agenda for the Dubai FinTech Summit 2024.
Dubai FinTech Summit 2024 will see an unprecedented gathering of over 8,000 decision-makers, 300+ thought leaders across 5 stages and 200+ exhibitors showcasing cutting-edge technologies.

Dobbs Tire & Auto Centers Receives Growth Investment from Audax Private Equity

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月曜日, 12月 18, 2023

Audax Private Equity (“Audax”), a growth-oriented capital partner to middle market companies, announced today an investment in Dobbs Tire & Auto Centers, Inc. (“Dobbs”), a leading tire retailer and automotive aftermarket service company with a strong presence in the Midwestern United States.

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Audax Private Equity (“Audax”), a growth-oriented capital partner to middle market companies, announced today an investment in Dobbs Tire & Auto Centers, Inc. (“Dobbs”), a leading tire retailer and automotive aftermarket service company with a strong presence in the Midwestern United States.
“Given our history in auto aftermarket and consumer services, we have been pursuing a thesis in the auto services segment for some time,” noted Jason Ellis, a Managing Director at Audax.
Capstone Partners acted as financial advisor to Dobbs on the transaction, while Stifel acted as financial advisor to Audax.
Nelson Mullins served as legal counsel to Dobbs, while Gibson, Dunn & Crutcher and Goulston & Storrs served in the same capacity to Audax.

BayPine Strengthens Leadership Team With Senior Operating Talent

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火曜日, 11月 14, 2023

BayPine LP (“BayPine”), a private investment firm that drives digital transformation in market-leading businesses, today announced that it has strengthened its leadership team with two senior appointments.

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BayPine LP (“BayPine”), a private investment firm that drives digital transformation in market-leading businesses, today announced that it has strengthened its leadership team with two senior appointments.
Cory A. Eaves, an accomplished operating executive and product and technology leader, has joined the firm as Partner and Head of Portfolio Operations.
Additionally, Jason Currier, a seasoned finance professional in the private equity industry, has joined BayPine as Partner and Chief Financial Officer.
Anjan Mukherjee and David Roux, Managing Partners of BayPine, said, “We are thrilled to welcome Cory and Jason to BayPine as we continue to build a best-in-class investment organization supported by robust operating infrastructure.

Integrate Appoints Tony Uphoff as President of Pipeline360

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月曜日, 11月 6, 2023

BOULDER, Colo., Nov. 6, 2023 /PRNewswire-PRWeb/ -- Integrate, a leading B2B marketing solutions provider, today announced the appointment of Tony Uphoff as President of Pipeline360, the company's media business. Uphoff has a strong track record of building, growing, and leading tech, data, media, and marketing services companies, with notable leadership roles at Thomasnet.com, UBM TechWeb, VNU Media, The Hollywood Reporter, InformationWeek and Business.com.

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BOULDER, Colo., Nov. 6, 2023 /PRNewswire-PRWeb/ -- Integrate, a leading B2B marketing solutions provider, today announced the appointment of Tony Uphoff as President of Pipeline360, the company's media business.
Uphoff has a strong track record of building, growing, and leading tech, data, media, and marketing services companies, with notable leadership roles at Thomasnet.com, UBM TechWeb, VNU Media, The Hollywood Reporter, InformationWeek and Business.com.
"I'm excited to officially welcome Tony to the Integrate family and look forward to partnering with him to scale Pipeline360."
"I'm thrilled to be joining Pipeline360 as President at this critical juncture to help lead the next phase of growth and innovation."

Audax Private Equity Partners With Management to Support the Growth of Oakbridge Insurance

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火曜日, 9月 26, 2023

Audax Private Equity (“Audax”), a leading alternative investment manager and capital partner to middle market companies, announced a partnership alongside management to invest in Oakbridge Insurance Agency LLC (“Oakbridge” or the “Company”), a leading independent insurance and risk management agency.

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Audax Private Equity (“Audax”), a leading alternative investment manager and capital partner to middle market companies, announced a partnership alongside management to invest in Oakbridge Insurance Agency LLC (“Oakbridge” or the “Company”), a leading independent insurance and risk management agency.
Oakbridge is a scaled insurance brokerage firm focused on commercial P&C, employee benefits, surety, personal P&C, and risk management services.
Oakbridge has exhibited strong growth over the past several years, driven by consistent organic growth and the completion of 25 acquisitions since inception.
The Oakbridge management team and employee base will continue to maintain a significant ownership position in the Company.

SC Ventures Launches audax Financial Technology to Help Financial Institutions Accelerate Digital Banking Capabilities

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木曜日, 9月 21, 2023

SC Ventures , Standard Chartered’s innovation, fintech investment and ventures arm, launches audax Financial Technology (“audax”), a digital banking technology solutions provider.

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SC Ventures , Standard Chartered’s innovation, fintech investment and ventures arm, launches audax Financial Technology (“audax”), a digital banking technology solutions provider.
audax provides an end-to-end digital banking platform with modularised capabilities that are designed to efficiently handle millions of customer data concurrently.
“audax’s digital banking solutions will help financial institutions unlock more opportunities,” said Alex Manson, who leads SC Ventures.
SC Ventures was established in 2018 as a new business unit to lead digital innovation and to invest in Financial Technology companies.