The Carlyle Group

Jasper Platz and Vaibhav Sharma Join G2 Venture Partners as Investors

Retrieved on: 
Wednesday, August 30, 2023

Today G2 Venture Partners , a venture capital firm investing in transformative technology companies at their inflection points to build a sustainable future, announced the hiring of Jasper Platz and Vaibhav Sharma as Investors.

Key Points: 
  • Today G2 Venture Partners , a venture capital firm investing in transformative technology companies at their inflection points to build a sustainable future, announced the hiring of Jasper Platz and Vaibhav Sharma as Investors.
  • Jasper Platz brings over 12 years of founder and operator experience to his role as an Investor at G2 Venture Partners.
  • Post acquisition, Jasper worked as the VP of Operations at SolarUniverse supporting a national network of installers.
  • Jasper played a key role in raising over $90M in venture capital from Andreessen Horowitz, Kleiner Perkins, Shasta and Cowboy Ventures.

Barclays appoints Lee Counselman as a Managing Director in Technology Investment Banking

Retrieved on: 
Monday, August 14, 2023

Barclays today announces the appointment of Lee Counselman as a Managing Director within the Technology Investment Banking business.

Key Points: 
  • Barclays today announces the appointment of Lee Counselman as a Managing Director within the Technology Investment Banking business.
  • In this role, he will work closely with Ben Freeland, Global Head of Software Banking, and report to Kristin Roth DeClark, Head of Technology Investment Banking.
  • The hire of Mr. Counselman further illustrates Barclays’ priority of expanding coverage capabilities in Technology and Software-specific Banking.
  • Before joining Moelis, Mr. Counselman was Global Head of Software Investment Banking at Deutsche Bank and previously served as the firm’s Co-Head of Technology M&A.

CIBC Innovation Banking Provides €12m Financing Package to Language Technology Business Phrase

Retrieved on: 
Wednesday, July 19, 2023

CIBC Innovation Banking announced today that it has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale.

Key Points: 
  • CIBC Innovation Banking announced today that it has provided €12m in debt financing to Phrase, a global cloud-based localisation software provider, headquartered in Prague, that helps brands localise and translate content more efficiently and manage the end-to-end process at scale.
  • Phrase will use the funds to further develop the next generation of AI-driven language technology.
  • Georg Ell, Phrase CEO, said: “CIBC Innovation Banking’s financing will help us take our localization technology to the next level as the latest innovations in AI and machine learning continue to take off.
  • The CIBC Innovation Banking team is looking forward to supporting Phrase on their next stage of growth.”

HUTCHMED Announces Changes to Board of Directors and Technical Committee 

Retrieved on: 
Thursday, July 13, 2023

The Board of Directors of HUTCHMED (the “Board”) is of the view that the appointment of Ms Yang would provide significant benefits to HUTCHMED taking into consideration her experience in biotechnology company management, business strategy, capital markets and mergers and acquisitions.

Key Points: 
  • The Board of Directors of HUTCHMED (the “Board”) is of the view that the appointment of Ms Yang would provide significant benefits to HUTCHMED taking into consideration her experience in biotechnology company management, business strategy, capital markets and mergers and acquisitions.
  • Carlyle owns approximately 4.7% of the ordinary shares of HUTCHMED, through its affiliate CA Fern Parent.
  • Save for her role with Carlyle, she does not have any relationship with any Directors, senior management or substantial or controlling shareholders of HUTCHMED.
  • Mr Simon To, Chairman of HUTCHMED, said: “The Board warmly welcomes the appointment of Professor Peters as Special Advisor to the Technical Committee, and looks forward to working with her.

Evelo Biosciences Closes $25.5 Million Private Placement

Retrieved on: 
Wednesday, July 12, 2023

CAMBRIDGE, Mass., July 12, 2023 (GLOBE NEWSWIRE) -- Evelo Biosciences, Inc. (Nasdaq:EVLO) (the “Company” or “Evelo”), a clinical stage biotechnology company developing a novel platform of orally delivered inflammation-resolving medicines acting on the small intestinal axis (SINTAX), today announces that it closed the previously announced private placement, resulting in gross proceeds of approximately $25.5 million from the sale of 11,025,334 shares of its common stock at a purchase price of $2.31 per share. The offering was led by Evelo’s founder, Flagship Pioneering, with participation from other existing and new investors. Net proceeds from the private placement will be used to fund completion of the Company’s ongoing Phase 2a trial of EDP2939 in moderate psoriasis, to pay down approximately $5 million of debt and for general corporate purposes.

Key Points: 
  • Net proceeds from the private placement will be used to fund completion of the Company’s ongoing Phase 2a trial of EDP2939 in moderate psoriasis, to pay down approximately $5 million of debt and for general corporate purposes.
  • The principal balance of the loan was reduced by $10 million with the Company paying down $5 million of the loan and Horizon converting $5 million of the loan into equity (at the same price per share as that paid by investors in the private placement).
  • Evelo has agreed to pay down up to an additional $10 million of the loan and Horizon has agreed to convert up to an additional $10 million of the loan to equity, in each case concurrent with future equity financings of the Company.
  • Concomitant with the financing, Evelo appointed Jeff Moore and Alec Reynolds to its Board of Directors (the “Board”).

SCP&CO Appoints Top Technology Industry Executive as President

Retrieved on: 
Thursday, June 22, 2023

Rivera is a senior technology executive with a strong track record for driving growth in highly competitive markets, building high performance teams, and leading secure, digital transformation for global enterprises.

Key Points: 
  • Rivera is a senior technology executive with a strong track record for driving growth in highly competitive markets, building high performance teams, and leading secure, digital transformation for global enterprises.
  • Bryan Crino, who co-founded the firm and served for 22 years as its president, has transitioned to the new role of Executive Chairman, where he will oversee the firm’s global strategy.
  • “Chris is an extremely talented business leader and technology executive, with an outstanding track record for delivering strong growth and profitability,” said Bryan Crino, executive chairman of SCP&CO.
  • This includes over $255 million of principal and advisory transactions in the technology industry alone.

Aspen Ideas Festival Releases 2023 Agenda

Retrieved on: 
Tuesday, June 20, 2023

Washington, DC & Aspen, CO, June 20, 2023 (GLOBE NEWSWIRE) -- The full agenda for the 2023 Aspen Ideas Festival is available now.

Key Points: 
  • Washington, DC & Aspen, CO, June 20, 2023 (GLOBE NEWSWIRE) -- The full agenda for the 2023 Aspen Ideas Festival is available now.
  • The Aspen Institute’s signature summer festival takes place in Colorado in partnership with NBCUniversal News Group, with more than 300 speakers and thousands of attendees set to participate.
  • The Festival is divided into two parts, which run from June 24-27, and June 27-30.
  • New for 2023 is the “Wicked Problem” series each morning, where all attendees gather to open the day by exploring a current issue of deep complexity.

Future Proof Shakes Up Wealth Industry with 2023 Event Experience: Over 30 Special Events, Unrivaled Speakers, and the Industry’s Largest Meetings Program Facilitating 10,000+ 1-to-1 Meetings

Retrieved on: 
Tuesday, June 13, 2023

Co-creators Advisor Circle and Ritholtz Wealth Management have enhanced every aspect of the event from its inaugural edition in 2022.

Key Points: 
  • Co-creators Advisor Circle and Ritholtz Wealth Management have enhanced every aspect of the event from its inaugural edition in 2022.
  • In addition to 100+ C-level speakers, Future Proof is once again bringing the world's most popular podcasts to appear LIVE at the event.
  • “We broke the mold for financial conferences in 2022, launching Future Proof as the first outdoor wealth festival.
  • “There’s something about the outdoor, beachfront setting that makes Future Proof different,” said Josh Brown , CEO of Ritholtz Wealth.

Blue Bird Appoints Two New Members to its Board of Directors

Retrieved on: 
Friday, June 2, 2023

Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced the appointments of two new members to its Board of Directors, effective immediately.

Key Points: 
  • Blue Bird Corporation (Nasdaq: BLBD), the leader in electric and low-emission school buses, today announced the appointments of two new members to its Board of Directors, effective immediately.
  • Mark Blaufuss has over 30 years of executive leadership experience in finance within the automotive and manufacturing industries.
  • Schumacher resigned from Blue Bird’s Board of Directors, effective June 30, 2023.
  • As school districts across North America transition to low- and zero-emission student transportation, Blue Bird stands ready to meet increasing demand,” said Phil Horlock, president and CEO of Blue Bird Corporation.

Chronograph Welcomes Ben Harrison and Julian Rampelmann to Board of Directors

Retrieved on: 
Wednesday, May 3, 2023

Chronograph, provider of the world’s leading portfolio monitoring solutions for private equity , today announced the appointment of Ben Harrison, President of Financial Services at Intapp (NASDAQ: INTA), and Julian Rampelmann, Managing Director at Carlyle Group (NASDAQ: CG), to its Board of Directors.

Key Points: 
  • Chronograph, provider of the world’s leading portfolio monitoring solutions for private equity , today announced the appointment of Ben Harrison, President of Financial Services at Intapp (NASDAQ: INTA), and Julian Rampelmann, Managing Director at Carlyle Group (NASDAQ: CG), to its Board of Directors.
  • Harrison has deep experience in private markets technology, serving as Co-Founder of DealCloud and President of Financial Services at Intapp since 2018.
  • Rampelmann brings deep private equity investment expertise as a member of AlpInvest’s Secondary Investment team and from prior experience at Warburg Pincus.
  • “We are delighted to have Ben and Julian join the Chronograph Board,” said Charlie Tafoya, Co-Founder and CEO of Chronograph.