Hellman & Friedman

Baker Tilly Secures Strategic Investment Led by Hellman & Friedman

Retrieved on: 
Monday, February 5, 2024
Finance, Consulting, Accounting, Professional Services, Legal, Multimedia, Growth, Simpson Thacher & Bartlett, Partner (business rank), William Blair & Company, Hellman & Friedman, CPA, Investment, Entrepreneurship, H&F, L.L.C, Risk, Culture, Foley & Lardner, LLP, Workforce, LP

Leading advisory CPA firm Baker Tilly US, LLP (“Baker Tilly”) today announces a strategic investment from private equity firms Hellman & Friedman (“H&F”) and Valeas Capital Partners (“Valeas”).

Key Points: 
  • Leading advisory CPA firm Baker Tilly US, LLP (“Baker Tilly”) today announces a strategic investment from private equity firms Hellman & Friedman (“H&F”) and Valeas Capital Partners (“Valeas”).
  • The investment, estimated to close in early June 2024, recognizes Baker Tilly’s outstanding track record of value creation and marks the largest private equity investment in the US CPA sector to date.
  • Baker Tilly US, LLP will operate as a separate legal entity pursuant to regulatory and independence requirements.
  • Following the restructuring, both firms will remain partnerships, with all partners holding equity alongside H&F and Valeas in Baker Tilly Advisory Group, LP.

Ajax Health Establishes Cortex, a Comprehensive AFib Ablation Technology Company, with $90 Million Investment Led by KKR and Hellman & Friedman

Retrieved on: 
Thursday, December 7, 2023
Safety, KKR, Patient, Access Industries, Arrhythmia, EGF, Ecosystem, Electrophysiology, Hellman & Friedman, Atrial fibrillation, H&F, Partnership, Freedom, Physician, Mark sense, Pharmaceutical industry, Medical imaging, Cordis, Cortex, Ventricular fibrillation

MENLO PARK, Calif., Dec. 7, 2023 /PRNewswire/ -- Ajax Health announced today the formation and funding of Cortex, a medical technology company developing an integrated mapping and ablation solution suite for the treatment of atrial fibrillation (AFib), the most common heart rhythm disorder, affecting more than 30 million patients worldwide. Cortex has raised $90 million in funding commitments led by KKR and Hellman & Friedman (H&F) with participation by other investors including AI Life Sciences, an affiliate of Access Industries.

Key Points: 
  • Cortex has raised $90 million in funding commitments led by KKR and Hellman & Friedman (H&F) with participation by other investors including AI Life Sciences, an affiliate of Access Industries.
  • Cortex brings together expert teams with complementary innovations in electrophysiology to accelerate the continued development and clinical validation of next-generation ablation solutions and differentiated AFib mapping technology.
  • "Cortex's vision is to enable more intelligent AFib treatment," said Duke Rohlen, CEO of Ajax Health and CEO of Cortex.
  • EGF mapping allows physicians to detect AFib sources and is designed to support personalized ablation therapy to potentially improve outcomes.

Rob Chisholm Joins Qatalyst Group as Partner

Retrieved on: 
Wednesday, September 27, 2023
Finance, Banking, Professional Services, Technology, Software, CPP Investment Board, Hellman & Friedman, Frank Quattrone, Investment, Qatalyst Partners, TMT, Microsoft, Intuit, Sale, Judgement, Silver, Goldman Sachs, Tableau, Acquisition, Partner, Cisco, Thoma Bravo, Qualtrics, Growth, Permira, Anaplan, Citrix Systems, Zendesk, Mailchimp, Adobe, Figma, Broadcom Inc., Splunk, Salesforce, RealPage

Qatalyst Group, a leading technology-focused independent investment bank, announced that Rob Chisholm has joined the Firm today as a Partner, expanding Qatalyst’s industry leading software advisory practice.

Key Points: 
  • Qatalyst Group, a leading technology-focused independent investment bank, announced that Rob Chisholm has joined the Firm today as a Partner, expanding Qatalyst’s industry leading software advisory practice.
  • George Boutros, Chief Executive Officer of Qatalyst Group, said: “Having worked across the table from Rob over the years, I am particularly excited to welcome him to the Qatalyst team.
  • Since its founding in March 2008, Qatalyst has advised on over 200 M&A transactions, with total transaction volume of over $650 billion.
  • Qatalyst Group is a technology-focused independent investment bank headquartered in San Francisco, California.

Galvanize Climate Solutions Closes Over $1 Billion for First Venture and Growth Equity Fund

Retrieved on: 
Thursday, September 14, 2023
Environment, Climate Change, Professional Services, Alternative Energy, Sustainability, Green Technology, Energy, Socially Responsible Investing, Asset Management, National Renewable Energy Laboratory, Hellman & Friedman, Agriculture, Farallon Capital, Policy, Electricity, Riverstone Holdings, Arable, White House Council on Women and Girls, Innovation, Environmental quality, Carbon, Watershed, Acquisition, Investment, Climate, Fund, Renewable energy, Lydian, Galvanization

Galvanize Climate Solutions (“Galvanize”), a global climate-focused investment firm, today announced the final close of its Innovation + Expansion Fund (“the Fund”) at over $1 billion.

Key Points: 
  • Galvanize Climate Solutions (“Galvanize”), a global climate-focused investment firm, today announced the final close of its Innovation + Expansion Fund (“the Fund”) at over $1 billion.
  • With commitments from a diverse set of institutional investors, including leading endowments, foundations and family offices, the Fund is one of the largest climate venture funds raised to date.
  • The Fund targets investments in early- to growth- stage climate companies that drive timely decarbonization, providing both capital as well as interdisciplinary resources to help accelerate the path to commercial scale.
  • Founded by seasoned investors with decades of collective experience working in the climate ecosystem, Galvanize is purpose-built to scale the defining climate companies of our generation.

Cordis Names Scott Drake Executive Chairman

Retrieved on: 
Tuesday, September 5, 2023
Hellman & Friedman, KKR, Gary Smith (Ciena CEO), Acquisition, Patient, MIAMI, Growth, Management, Cordis

MIAMI LAKES, Fla., Sept. 5, 2023 /PRNewswire/ -- Cordis , a worldwide leader in the development and manufacturing of interventional cardiovascular and endovascular technology, today announced the appointment of Scott Drake as Executive Chairman of its Board of Directors.

Key Points: 
  • MIAMI LAKES, Fla., Sept. 5, 2023 /PRNewswire/ -- Cordis , a worldwide leader in the development and manufacturing of interventional cardiovascular and endovascular technology, today announced the appointment of Scott Drake as Executive Chairman of its Board of Directors.
  • Drake, who joined the Cordis board in August of 2021, succeeds Duke Rohlen who served as Executive Chairman since the acquisition of Cordis, also in 2021, by Hellman & Friedman and KKR.
  • Scott Drake has over 30 years of medical device experience.
  • Mr. Drake will provide experienced leadership to effectively integrate the potential of the Cordis-X accelerator into the world class operational company of Cordis.

Enverus crosses $500M ARR threshold

Retrieved on: 
Wednesday, July 12, 2023
Software as a service, Hellman & Friedman, Research, ARR, Natural gas, Artificial intelligence, Growth, ESG, Hellman, Renewable energy, Genstar

AUSTIN, Texas, July 12, 2023 /PRNewswire/ -- Enverus, the most trusted energy-dedicated SaaS company, announced today that it has surpassed $500 million in annual recurring revenue (ARR).

Key Points: 
  • AUSTIN, Texas, July 12, 2023 /PRNewswire/ -- Enverus, the most trusted energy-dedicated SaaS company, announced today that it has surpassed $500 million in annual recurring revenue (ARR).
  • Enverus is trusted across the entire energy ecosystem — from renewables to oil and gas, financial institutions, and power and utilities.
  • "Enverus has become the most widely adopted platform in the industry thanks to our focus on being a single source of truth in energy," said Jeff Hughes, CEO of Enverus.
  • Since the transaction, Enverus has seen more than 77% growth in its power and renewables offerings and 31% in new products such as Enverus Fusion® Connect.

Vantage Risk Formalizes Board of Directors with New Appointments

Retrieved on: 
Tuesday, June 27, 2023
International Marxist Group, Insurance, Hellman & Friedman, Prudential Financial, Organization, Goldman Sachs, TIAA, Risk, Hellman, Non-executive director, Management, Financial adviser, Bill Lordan, Vantage

HAMILTON, Bermuda, June 27, 2023 /PRNewswire/ -- Vantage Group Holdings Ltd. (Vantage) has named two accomplished financial services executives as independent directors.

Key Points: 
  • HAMILTON, Bermuda, June 27, 2023 /PRNewswire/ -- Vantage Group Holdings Ltd. (Vantage) has named two accomplished financial services executives as independent directors.
  • Vantage Risk Formalizes Board of Directors with New Appointments Caroline Foulger and W. Dave Dowrich.
  • Caroline Foulger, a longtime advisor to insurance companies and financial institutions, and W. Dave Dowrich, Chief Financial Officer at TIAA, have joined the Vantage board.
  • "We are delighted to bring on Caroline and Dave as independent directors, and we welcome Jitij, Jim, and Adam to our board.

Nogin Appoints Arthur Stark and Shahriyar Rahmati to Board of Directors

Retrieved on: 
Tuesday, June 20, 2023
Hellman & Friedman, Malcolm Hoenlein, Bed Bath & Beyond, The Gores Group, TPG Inc., Jefferies Group, Bed, Rahmati, Viktor Nogin, Conference of Presidents of Major American Jewish Organizations, Stark, Form, Growth, VC, Conference, Commerce, Organization, Management

TUSTIN, Calif., June 20, 2023 (GLOBE NEWSWIRE) -- Nogin, Inc. (Nasdaq: NOGN, NOGNW) (“Nogin” or the “Company”), a leading provider of innovative Commerce-as-a-Service (“CaaS”), today announced that it has appointed Arthur Stark and Shahriyar Rahmati as new members of its Board of Directors (the “Board”), effective immediately.

Key Points: 
  • TUSTIN, Calif., June 20, 2023 (GLOBE NEWSWIRE) -- Nogin, Inc. (Nasdaq: NOGN, NOGNW) (“Nogin” or the “Company”), a leading provider of innovative Commerce-as-a-Service (“CaaS”), today announced that it has appointed Arthur Stark and Shahriyar Rahmati as new members of its Board of Directors (the “Board”), effective immediately.
  • Arthur Stark and Shahriyar Rahmati are accomplished executives with over 60 years of combined experience leading technology- and brand-focused public companies.
  • Stark concluded a 45-year career as President of Bed Bath & Beyond in 2018, upon being unanimously elected as Chairman of the Conference of Presidents of Major American Jewish Organizations.
  • “It is my pleasure to welcome Arthur and Shahriyar to our Board of Directors,” said Company Chairman, President, and Chief Executive Officer Jonathan Huberman.

Edelman Financial Engines Names Jay Shah as New CEO; Larry Raffone to Become Chairman of the Board

Retrieved on: 
Wednesday, May 31, 2023
Personal Finance, Finance, Professional Services, Asset Management, Fintech, Hellman & Friedman, Empower, EFE, Workplace, Multimedia, Warburg Pincus, Silicon, Edelman Financial Engines, Retirement, Acquisition, Personal Capital, Growth, Knowledge, Hellman, News, Management, Financial adviser

Shah will assume this role on Aug. 18, 2023, as current CEO Larry Raffone transitions to become chairman of the board while remaining a meaningful shareholder.

Key Points: 
  • Shah will assume this role on Aug. 18, 2023, as current CEO Larry Raffone transitions to become chairman of the board while remaining a meaningful shareholder.
  • View the full release here: https://www.businesswire.com/news/home/20230530005682/en/
    Jay Shah; Edelman Financial Engines, a top independent wealth planning and workplace investment advisory firm, announced today that its board of directors has named Jay Shah to become the firm’s new CEO, effective August 18, 2023.
  • “I have long admired Edelman Financial Engines, and I see incredible opportunity in pairing the distribution opportunities of the workplace business with the best financial planners in the industry,” stated Shah.
  • Raffone led Financial Engines through some of its most transformational moments, including the buildout of the Financial Engines retail capability, and the merger with Edelman Financial Services in 2018, resulting in what is now Edelman Financial Engines.

Silver Lake to Make €600M Strategic Investment in TeamSystem

Retrieved on: 
Friday, May 19, 2023
Finance, Professional Services, Other Technology, Technology, Software, Silver, Growth, Hellman & Friedman, AI, Hellman, Partnership, H&F, Cryptocurrency

This strategic investment from Silver Lake marks a significant milestone for the Company as it continues to drive the digital transformation of businesses and their accountants in Italy and Spain.

Key Points: 
  • This strategic investment from Silver Lake marks a significant milestone for the Company as it continues to drive the digital transformation of businesses and their accountants in Italy and Spain.
  • Since the time of H&F’s initial investment in TeamSystem in 2016, the number of customers served by the company has grown from 200 thousand to approximately 1.8 million today.
  • Commenting on the investment, Federico Leproux, CEO of TeamSystem, said: “We are pleased to welcome Silver Lake as a strategic partner.
  • Our investment in TeamSystem which started over seven years ago is a great example of H&F’s approach to long-term value creation.