ACON Investments

Novipax Announces Strategic Partnership with Front1 Health Partners to Revolutionize Operating Room Safety and Efficiency

Retrieved on: 
Monday, January 22, 2024

Novipax, a leading US-based manufacturer of high-quality absorbent pads, is excited to announce a groundbreaking partnership with Front1 Health Partners, a pioneer in healthcare solutions.

Key Points: 
  • Novipax, a leading US-based manufacturer of high-quality absorbent pads, is excited to announce a groundbreaking partnership with Front1 Health Partners, a pioneer in healthcare solutions.
  • Through this partnership, Novipax leveraged its industry-leading expertise in absorbent technologies to produce a bespoke line of absorbent mats under Front1 Health Partners’ private label.
  • Katelyn Doepel, CEO of Front1 Health Partners added, “The collaboration with Novipax is a strategic step towards enhancing our product offerings.
  • Front1 Health Partners is focused on strategies and solutions to improve the bottom line goals of health systems across the United States.

BioMatrix Specialty Pharmacy Announces Kathee Kramm as CEO

Retrieved on: 
Tuesday, January 2, 2024

PLANTATION, Fla., Jan. 2, 2024 /PRNewswire/ -- BioMatrix Specialty Pharmacy announced today that the Board of Directors has appointed Kathee Kramm as Chief Executive Officer, succeeding Nick Karalis, founder and former CEO.

Key Points: 
  • PLANTATION, Fla., Jan. 2, 2024 /PRNewswire/ -- BioMatrix Specialty Pharmacy announced today that the Board of Directors has appointed Kathee Kramm as Chief Executive Officer, succeeding Nick Karalis, founder and former CEO.
  • This exciting change is the culmination of a year-long succession plan and an accelerant to BioMatrix's growth in specialty infusion.
  • "Kathee's leadership and proven performance at BioMatrix makes her a natural choice to be the next CEO," said Nick.
  • Prior to BioMatrix, Kathee was co-founder and President of AxelaCare Health Solutions, a leading national provider of specialty home infusion services.

Doug Gillespie Appointed CEO of Beauty By Imagination, Inc.

Retrieved on: 
Monday, December 4, 2023

today announced that it has named Doug Gillespie as Chief Executive Officer of haircare company Beauty by Imagination, Inc. (BBI).

Key Points: 
  • today announced that it has named Doug Gillespie as Chief Executive Officer of haircare company Beauty by Imagination, Inc. (BBI).
  • BBI is the parent company for industry-leading haircare brands Wet Brush, Goody, Ouidad, Bio Ionic, and Curls, among others.
  • Gillespie succeeds current CEO Francesca Raminella, who joined the company in 2018.
  • "The BBI team has done a great job establishing an Omni-channel platform of iconic hair care brands with myriad opportunities ahead," said Doug Gillespie.

SLR Credit Solutions Agents $40.0MM Credit Facility for Bargain Hunt

Retrieved on: 
Tuesday, September 19, 2023

SLR Credit Solutions (“SLR CS”) announced the closing of a $40,000,000 senior credit facility comprising a revolver and term loan for Essex Technology Group, LLC (dba Bargain Hunt or “the Company”).

Key Points: 
  • SLR Credit Solutions (“SLR CS”) announced the closing of a $40,000,000 senior credit facility comprising a revolver and term loan for Essex Technology Group, LLC (dba Bargain Hunt or “the Company”).
  • Essex Technology Group is one of the leading providers of reverse logistics and excess inventory solutions to manufacturers in the e-commerce/retail sector.
  • Bargain Hunt provides their clients with a comprehensive solution that optimizes recovery and reduces waste.
  • The business is now positioned with the right capital partner who will help facilitate our continued growth,” said Sid Keswani, CEO of Bargain Hunt.

Ferrara Candy Company to Acquire Dori Alimentos

Retrieved on: 
Monday, July 24, 2023

Ferrara Candy Company, a Ferrero related company and the largest sugar confections company in the U.S., today announced an agreement to acquire Dori Alimentos, one of Brazil’s leading manufacturers and distributors of sweets and snacks .

Key Points: 
  • Ferrara Candy Company, a Ferrero related company and the largest sugar confections company in the U.S., today announced an agreement to acquire Dori Alimentos, one of Brazil’s leading manufacturers and distributors of sweets and snacks .
  • The acquisition will be made through CTH, which is the lead holding company of Ferrara.
  • Dori is a family-controlled company backed by an affiliate of ACON Investments.
  • This pairing reflects the outstanding company that the Dori team has built over fifty-six years and our standing as industry pioneers in Brazil.

Gordon Brothers & Nations Capital Complete H2 Brands Group Acquisition

Retrieved on: 
Tuesday, May 2, 2023

The acquisition includes the inventory, accounts receivable, intellectual property, and machinery and distribution equipment of H2 Brands Group, allowing for continued operations and retention of many employees, including Chief Commercial Officer Ken Weiss and core members of the sales team.

Key Points: 
  • The acquisition includes the inventory, accounts receivable, intellectual property, and machinery and distribution equipment of H2 Brands Group, allowing for continued operations and retention of many employees, including Chief Commercial Officer Ken Weiss and core members of the sales team.
  • “We executed a multi‐asset investment strategy and leveraged our many areas of asset expertise to purchase and continue operations of these legacy brands,” said Robert Himmel , Senior Managing Director, Head of North America Commercial & Industrial at Gordon Brothers.
  • Many of the Shur-Line® division employees will join True Value Company as part of the sale.
  • Gordon Brothers leverages decades of experience buying, selling, operating and valuing assets in the industrial economy across Australia, Brazil, Canada, the U.K. and Europe, Japan and the U.S.

Novipax announces new plant opening in El Paso, Texas

Retrieved on: 
Wednesday, October 5, 2022

OAK BROOK, Ill., Oct. 5, 2022 /PRNewswire/ -- Novipax, a leading absorbent manufacturer for the fresh protein, produce, foodservice and healthcare markets, announced it will soon open a new manufacturing facility in El Paso, Texas.

Key Points: 
  • OAK BROOK, Ill., Oct. 5, 2022 /PRNewswire/ -- Novipax, a leading absorbent manufacturer for the fresh protein, produce, foodservice and healthcare markets, announced it will soon open a new manufacturing facility in El Paso, Texas.
  • Novipax also announced that it will be discontinuing operations at its current La Verne, California, facility.
  • Novipax manufactures a suite of category-leading absorbents, including Dri-Loc, Pad-Loc, Multi-Loc, UltraZapand revolutionary active absorbents, Dri-LocXtendaPak and UltraZapXtendaPak.
  • Novipax is a portfolio company of ACON Investments, LLC, a Washington, D.C.-based international private equity firm investing in North America, Latin America and Europe.

Food, Nutrition and Health Investor Coalition Launches to Invest $2.5 Billion in Startups Improving Hunger and Health Outcomes through Food

Retrieved on: 
Wednesday, September 28, 2022

The announcement was made at the White House Conference on Hunger, Nutrition, and Health, a catalytic event for the investment ecosystem and public-private exchange at the intersections of food, hunger and health.

Key Points: 
  • The announcement was made at the White House Conference on Hunger, Nutrition, and Health, a catalytic event for the investment ecosystem and public-private exchange at the intersections of food, hunger and health.
  • "Poor nutrition accounts for more than $50 billion in U.S. health care costs each year1.
  • "Along with S2G and the other Food, Nutrition, and Health Investor Coalition founding partners, I am thrilled to see the bold capital investments either already made or planned.
  • "Today's news underscores the importance of food and nutrition and we look forward to working with the Food, Nutrition and Health Investor Coalition to advance our collective efforts."

Rich Paul Joins Funko Board of Directors

Retrieved on: 
Wednesday, May 18, 2022

Funko, Inc. (Funko) (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced the appointment of Rich Paul to the companys Board of Directors, effective upon the closing of the pending sale of Funko stock by ACON Investments to The Chernin Group.

Key Points: 
  • Funko, Inc. (Funko) (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced the appointment of Rich Paul to the companys Board of Directors, effective upon the closing of the pending sale of Funko stock by ACON Investments to The Chernin Group.
  • Were thrilled to have Rich join our Board of Directors at such a pivotal time for the company, said Andrew Perlmutter, Chief Executive Officer at Funko.
  • The deep connection Funko has cultivated with its fan and collector community is a key differentiator in todays crowded field of licensed merchandise, said Mr. Paul.
  • Paul serves as UTAs Head of Sports and is an agency partner, and was appointed to UTAs Board of Directors in 2020.

ACON Investments L.L.C. Appoints Francesca Raminella as Beauty By Imagination CEO; Gary Dailey Transitions to Chief Strategy and Administrative Officer

Retrieved on: 
Tuesday, May 3, 2022

Gary Dailey, who previously served as co-CEO with Raminella, will assume a new role as Chief Strategy and Administrative Officer.

Key Points: 
  • Gary Dailey, who previously served as co-CEO with Raminella, will assume a new role as Chief Strategy and Administrative Officer.
  • ACON Partner and BBI Board of Directors member Suma Kulkami added, "Under Francesca's leadership, BBI embarks on the next phase of its growth.
  • Raminella's extensive firsthand experience in growing high-performance global beauty brands makes her uniquely qualified to lead BBI's next chapter.
  • Beauty by Imagination ("BBI") is one of the leading manufacturers and marketers of beauty products.