Partner (business rank)

Prime Capital Investment Advisors Announces Transition of National Retirement Practice Leader Matthew Eickman

Retrieved on:

Thursday, April 25, 2024

Banking, Asset Management, Professional Services, Finance, ERISA, PCIA, Life, Partner (business rank), CITS-DT, Growth, Financial adviser

Prime Capital Investment Advisors (PCIA) recognizes the achievements of Matthew Eickman, who is transitioning from his role as National Retirement Practice Leader at Qualified Plan Advisors , the firm’s retirement plan consulting business, to pursue a full-time career in law, writing, and public speaking effective July 2024.

Key Points:

Prime Capital Investment Advisors (PCIA) recognizes the achievements of Matthew Eickman, who is transitioning from his role as National Retirement Practice Leader at Qualified Plan Advisors , the firm’s retirement plan consulting business, to pursue a full-time career in law, writing, and public speaking effective July 2024.
Glenn Spencer, chief executive officer at Prime Capital Investment Advisors, expressed appreciation and mixed emotions, saying “I am personally very excited for Matthew, as he has a great deal of passion for this next chapter.
We look forward to continued collaboration with Matthew and appreciate that he'll remain a resource for our clients and advisors.”
During his tenure, Eickman served as ERISA counsel, Retirement Plan Advisor, and National Retirement Practice Leader, most recently spearheading the firm's financial wellness business, Financial Fitness for Life .
Matthew has been a critical part of identifying what’s next in our industry and propelling our firm’s growth into a national leader in those areas.

On.Energy Closes $25 Million Working Capital Facility With Lombard Odier Investment Managers

Retrieved on:

Thursday, April 25, 2024

The financing is architected to support costs typically subject to less-efficient financing in market today, including site control, engineering and interconnection, project and interconnection bonding, and project M&A.

Key Points:

The financing is architected to support costs typically subject to less-efficient financing in market today, including site control, engineering and interconnection, project and interconnection bonding, and project M&A.
View the full release here: https://www.businesswire.com/news/home/20240425338100/en/
“We are proud to work with LOIM following referral from an existing Strategy portfolio company given its reputation for creating innovative and aligned capital solutions.
Despite tailwinds from the Inflation Reduction Act (IRA), structured financial solutions with top-tier partners like Lombard Odier Investment Managers are essential to put critically-needed, resilient storage capacity online,” said On.Energy CEO Alan Cooper, who led the transaction together with CFO David Fernandes.
“Across the country, electrical grids are more vulnerable now than ever – particularly as unprecedented growth of low-cost intermittent renewables continues to drive grid decarbonization.

Shoreline Equity Partners Announces Investment in Prime Meats

Retrieved on:

Thursday, April 25, 2024

Finance, Food, Beverage, Business, Retail, Professional Services, Poultry, Seafood, Partnership, Rest, Restaurant, Daniel, Shore, Partner (business rank), Acquisition, Associate, Growth

Shoreline Equity Partners, LLC (“Shoreline”), a purpose-driven lower middle market private equity firm, has partnered with Prime Meats, LLC (“Prime Meats” or the “Company”).

Key Points:

Shoreline Equity Partners, LLC (“Shoreline”), a purpose-driven lower middle market private equity firm, has partnered with Prime Meats, LLC (“Prime Meats” or the “Company”).
Norberto Sanchez and the Prime Meats management team will continue to lead the Company and maintain a meaningful ownership position moving forward in partnership with Shoreline.
Mike Hand, Managing Partner at Shoreline, said, “Norberto, Daniel, and the rest of the Prime Meats team have built a phenomenal business, and we are so grateful they selected Shoreline as their partner.
We knew from our first conversation with the team that Prime Meats would be a great fit for Shoreline given the Company’s impressive track record of growth and our experience in food distribution.”
Ian Garland, Principal at Shoreline, said, “Prime Meats has built an exceptional reputation for providing quality protein to the Hispanic community across the Southeast U.S. We are excited to partner with the Prime Meats team to execute on a multi-faceted growth plan which includes both organic initiatives and add-on acquisitions.”
Norberto Sanchez, Founder and Chairman at Prime Meats, said, “We are incredibly excited to partner with Shoreline.

Nagomi Security Emerges from Stealth with $30 Million in Funding to Help Security Teams Minimize Threat Exposure Using Existing Tools

Retrieved on:

Wednesday, April 24, 2024

Nagomi Security , the leader in proactive security and threat exposure management, today emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools.

Key Points:

Nagomi Security , the leader in proactive security and threat exposure management, today emerged from stealth with $30 million in funding to fundamentally redefine how security teams optimize effectiveness and drive efficiency from their existing security tools.
The financing will be used primarily to accelerate go-to-market and research and development efforts in order to meet the increasing global demand for proactive security and threat exposure management.
The platform transforms fragmented best-of-breed solutions into best-of-suite security for customers by providing end-to-end visibility of defense capabilities mapped against MITRE ATT&CK.
With this information, Nagomi helps security teams prioritize the most urgent risks based on an organization's unique threat profile and provides prescriptive and actionable remediation plans to reduce threat exposure using existing tools.

Asante Capital Group Names Laura Leyland Partner

Retrieved on:

Monday, April 22, 2024

Finance, Consulting, Banking, Professional Services, Asset Management, Asante, LP, GP, Entrepreneurship, Partner (business rank), Clifford Chance, LP record, Capital Group Companies, Growth

Asante Capital Group (“Asante”), a leading global private equity placement and advisory group, announced today that Laura Leyland has been promoted to Partner.

Key Points:

Asante Capital Group (“Asante”), a leading global private equity placement and advisory group, announced today that Laura Leyland has been promoted to Partner.
She has advised on capital raises for funds totaling approximately $23 billion, and has raised over $2 billion of new capital from limited partners (LPs).
“We are thrilled to congratulate Laura on being named Partner at Asante,” said Warren Hibbert, Co-Founder and Managing Partner at Asante.
We are excited for Laura’s continued contributions to the firm’s strategic global expansion.”
“I am honored to be named Partner at Asante and proud of all the work this exceptional group of private market professionals has accomplished over the past decade,” said Laura Leyland.

Data Center World 2024 Connected Data Center Facilities and IT Infrastructure Professionals with Sustainable and Innovative Data Center Solutions

Retrieved on:

Monday, April 22, 2024

The Data Center World Lifetime Achievement award honors a leader who has made significant contributions to the industry – demonstrating mentorship, dedication to sustainability, and promotion of innovative technologies and processes in the data center.

Key Points:

The Data Center World Lifetime Achievement award honors a leader who has made significant contributions to the industry – demonstrating mentorship, dedication to sustainability, and promotion of innovative technologies and processes in the data center.
The Data Center Manager of the Year celebrates exceptional leaders in the data center industry and was awarded to Bjarne Sorbo, Green Mountain AS, Operation Director.
The two-day Data Center BUILD Summit brought together operators, decision-makers, experts and implementers to help drive smart decisions for data center growth.
Data Center World’s Expo Hall featured the industry’s leading solution providers showcasing their latest innovations to attendees, which empowered data center leaders to pick and choose from the technologies that would best improve their data center strategy.

Forward Consumer Partners Acquires Firehook Bakery

Retrieved on:

Wednesday, April 17, 2024

Professional Services, Retail, Restaurant, Bar, Finance, Banking, Food, Beverage, Kirkland & Ellis, Organic, Partner (business rank), Acquisition, Houlihan Lokey, Growth

Forward Consumer Partners (“Forward” or the “Firm”), a private investment firm focused on branded consumer businesses, today announced that it has acquired Firehook Bakery (“Firehook” or the “Company”), a fast-growing artisan baking business built on an unwavering commitment to quality.

Key Points:

Forward Consumer Partners (“Forward” or the “Firm”), a private investment firm focused on branded consumer businesses, today announced that it has acquired Firehook Bakery (“Firehook” or the “Company”), a fast-growing artisan baking business built on an unwavering commitment to quality.
Pierre Abushacra, Firehook’s founder, will retain a significant minority ownership stake in the Company going forward.
Firehook was founded in 1992 in Alexandria, Virginia as a neighborhood bakery specializing in organic sourdough breads and simply-made baked goods.
Fueled by its local success, Firehook expanded nationally, guided by a commitment to its team of bakers and its loyal customers.

Allurion Closes $48 Million Convertible Senior Secured Note Financing with RTW Investments

Retrieved on:

Wednesday, April 17, 2024

Biotechnology, Pharmaceutical, Managed Care, General Health, Health, Health Technology, Fitness & Nutrition, Other Health, Partnership, U.S. FDA, Growth, Obesity, Partner (business rank), RTW, Investment

Allurion Technologies, Inc. (NYSE: ALUR) (“Allurion” or the “Company”), a company dedicated to ending obesity, today announced the closing of a $48 million convertible senior secured note financing with certain entities managed by RTW Investments, LP (“RTW”).

Key Points:

Allurion Technologies, Inc. (NYSE: ALUR) (“Allurion” or the “Company”), a company dedicated to ending obesity, today announced the closing of a $48 million convertible senior secured note financing with certain entities managed by RTW Investments, LP (“RTW”).
"RTW’s investment underscores our shared belief in the long-term potential of the Allurion Program,” said Dr. Shantanu Gaur, Founder and CEO of Allurion.
The investment furthers our long-term partnership with RTW and provides us additional flexibility to achieve our long-term goals,” Dr. Gaur continued.
“We are pleased to strengthen our relationship with Allurion as it continues its mission to end obesity around the world.

Top Tier Authentics Appoints Eight Inaugural Board of Advisors, Bolstering First-Ever Experiential Authenticity Platform

Retrieved on:

Wednesday, April 17, 2024

Top Tier Authentics (TTA), transforming how brands, athletes and artists authenticate products and create new consumer experiences, has unveiled its inaugural advisory board.

Key Points:

Top Tier Authentics (TTA), transforming how brands, athletes and artists authenticate products and create new consumer experiences, has unveiled its inaugural advisory board.
(Graphic: Business Wire)
TTA developed the world’s first Experiential Authenticity Platform, enabling instant verification of products, artworks, and collectibles, along with immersive digital experiences, exclusive benefits, and interactive features.
He ranks as one of the best players for Duke University’s Blue Devils and was key to the team’s 2015 championship win.
Similarly, Top Tier Authentics innovates the consumer experience, forging new paths for connection, interaction, and business opportunities.”

I Squared Portfolio Companies Transportation Equipment Network (“TEN”) and TIP Canada Combine Operations; Now the Second Largest Full-Service Trailer Lessor in North America

Retrieved on:

Monday, April 15, 2024

Fleet Management, Finance, Asset Management, Automotive, Trucking, Other Automotive, Professional Services, Transport, TIP, Capital, NETS, Partner (business rank), CTL, Acquisition, Concept, Knowledge, Food delivery

Star Leasing), will acquire TIP Canada, the Canadian subsidiary of Europe-based TIP Group.

Key Points:

Star Leasing), will acquire TIP Canada, the Canadian subsidiary of Europe-based TIP Group.
TIP Canada is the Canadian subsidiary of TIP Group, a leading player in the Canadian trailer leasing and rental market with a fleet of approximately 28,000 units.
TIP Canada also operates 12 workshop locations across Canada and 36 mobile service units providing coast-to-coast maintenance services to its own customers as well as third parties.
With the acquisition of TIP Canada, TEN will be North America’s second largest full-service trailer lessors with a combined fleet of over 83,000 trailers with locations across most major logistics hubs.