Private equity

Cushman & Wakefield Appoints Jennifer McPeek and Raj Vennam to Board of Directors

Retrieved on: 
Monday, March 18, 2024
Professional Services, Other Construction & Property, Commercial Building & Real Estate, Finance, Construction & Property, REIT, Janus, Russell Investments, McKinsey & Company, University, Central Florida, Private equity, Electrical engineering, Partnership, Trustee, SVP, Duke University, Electronics, McPeek, NN Group, PAG, Janus Henderson, Corporate finance, MBA, Trust, Jennifer, Old Dominion University, Engineering, CWK, Cushman & Wakefield, Multimedia, TPG, Economics, Management

Cushman & Wakefield (NYSE: CWK) today announced the appointments of Jennifer McPeek and Raj Vennam to its Board of Directors, effective March 18, 2024.

Key Points: 
  • Cushman & Wakefield (NYSE: CWK) today announced the appointments of Jennifer McPeek and Raj Vennam to its Board of Directors, effective March 18, 2024.
  • View the full release here: https://www.businesswire.com/news/home/20240318095052/en/
    Jennifer McPeek appointed to the Board of Directors of Cushman & Wakefield (Photo: Business Wire)
    McPeek brings more than 20 years of executive experience in the financial services industry.
  • McPeek currently serves on the board of directors of Cboe Global Markets, Inc. and on the Board of Trustees of First American Funds Trust.
  • “Jennifer and Raj are highly accomplished executives who bring a wealth of expertise in finance and strategy to Cushman & Wakefield.

Spring Capital Successfully Exits Investment in Catenda, a Leader in Construction Project Software

Retrieved on: 
Friday, March 15, 2024
Software, Networks, Professional Services, Hardware, Electronic Design Automation, Data Management, Technology, Other Construction & Property, Other Manufacturing, Construction & Property, Finance, Other Technology, Manufacturing, Construction, Private equity, Partnership, SINTEF, Sale, GRO, Capital, CDE, Polaris, IRR, BIM, Dependent and independent variables, Security (finance)

As the lead investor, Spring Capital has sold all its shares in the transaction on a high IRR for itself and co-investors.

Key Points: 
  • As the lead investor, Spring Capital has sold all its shares in the transaction on a high IRR for itself and co-investors.
  • Founded in 2009 as a spin-off from SINTEF, Catenda is a leader in Building Information Management (BIM) & Common Data Environment (CDE) software.
  • Since Spring Capital’s investment through its Scandinavian investment entity Polaris, Catenda has grown significantly, becoming a trusted partner for construction companies and municipalities seeking innovative solutions for large-scale projects.
  • Construction companies across Europe and Japan have widely adopted the company's software, seeking to streamline operations and improve project outcomes.

Best's Review Examines Private Equity Pouring into the DUAE Market

Retrieved on: 
Friday, March 15, 2024
Professional Services, Insurance, Finance, Growth, Private equity, ALL, News, Into, Investment

In a recent article, Best’s Review spoke with industry experts about investments in delegated underwriting authority enterprises (DUAE).

Key Points: 
  • In a recent article, Best’s Review spoke with industry experts about investments in delegated underwriting authority enterprises (DUAE).
  • Read the full story in “ Private Equity Pouring Into DUAE Market as Investors Seek Liquidity, Growth .”
    Best’s Review is AM Best’s monthly insurance magazine, covering emerging issues and trends and evaluating their impact on the marketplace.
  • The complete content of Best’s Review is available here .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry.

Lovell Minnick Partners Appoints Marshall Lux and Robert Orefice to Advisory Council

Retrieved on: 
Thursday, March 14, 2024
Professional Services, Finance, BCG, Aetion, Risk management, Growth, Private equity, Flagstar, Princeton University, Advisory Council, Risk, Health, Financial services, Harvard Business School, WebMD, Computer engineering, Walden University, LMP, Lovell Minnick Partners, AMD, Investment, Partnership, McKinsey & Company, Rochester Institute of Technology, Computer, Economics, Chase

Lovell Minnick Partners (“LMP”), a private equity firm investing in growth-oriented companies, today announced the appointment of Marshall Lux and Robert Orefice to its Advisory Council.

Key Points: 
  • Lovell Minnick Partners (“LMP”), a private equity firm investing in growth-oriented companies, today announced the appointment of Marshall Lux and Robert Orefice to its Advisory Council.
  • Marshall Lux brings over 35 years of experience and most recently served as Senior Partner at BCG and McKinsey, where he focused on all manner of Financial Services and Private Equity.
  • Marshall also serves as an independent member of various Boards, including Mphasis, Flagstar and Guardian Life Mutual Funds.
  • "We are excited to welcome Marshall and Robert as the newest members of our Advisory Council,” says Steve Pierson, Managing Partner at LMP.

Lightspeed DMS Appoints Brian Provost President & CEO

Retrieved on: 
Monday, March 11, 2024
Automotive, Technology, Other Automotive, Recreational Vehicles, Software, Motorcycles, UKG, Friends, ICIMS, Software as a service, Private equity, Trustee, Bethel University, Provost, DMS, Multimedia, Family, Management

Lightspeed DMS LLC, the leading recreational dealer management software provider and a Brookfield portfolio company, today announced that Brian Provost has been appointed chief executive officer, succeeding Kris Denos.

Key Points: 
  • Lightspeed DMS LLC, the leading recreational dealer management software provider and a Brookfield portfolio company, today announced that Brian Provost has been appointed chief executive officer, succeeding Kris Denos.
  • View the full release here: https://www.businesswire.com/news/home/20240311282930/en/
    “We are excited to welcome Brian Provost to Lightspeed at this pivotal time in the company’s growth story,” said Doug Bayerd, Managing Partner, Private Equity at Brookfield.
  • “Lightspeed has collaborated with recreational dealerships for nearly 40 years, creating industry-specific software solutions to streamline the way dealers work,” said Provost.
  • Kris will continue to serve as an advisor to Lightspeed for some time to ensure a smooth transition.”

Tegus adds Broker and Independent Research to its platform

Retrieved on: 
Wednesday, April 3, 2024
Research, Area studies, Head, Learning, Private equity, Venture capital, Consulting firm, Intelligence, News, Life, Redpoint Ventures, IP, UiPath, Human

CHICAGO, April 3, 2024 /PRNewswire/ -- Tegus, the leading investment research platform trusted by more than 2,300 firms, today announced the impending launch of Broker and Independent Research. Set for introduction in 2024, this new offering expands Tegus' core platform, incorporating both real time and aftermarket equity research from leading Wall Street and Independent firms, broadening the scope of content available to its users.

Key Points: 
  • With the addition of Broker and Independent Research, Tegus has solidified its position as the premier fundamental investment research platform.
  • CHICAGO, April 3, 2024 /PRNewswire/ -- Tegus, the leading investment research platform trusted by more than 2,300 firms, today announced the impending launch of Broker and Independent Research.
  • "Broker and Independent Research has been the number one request we've received from both customers and prospects over the last several years.
  • - Brandon Deer, Chief Strategy Officer at UiPath
    "Bringing broker research directly into Tegus would be hugely helpful to our team.

Bio-IT World: Venture, Innovation & Partnering Conference to Debut in Boston, Concurrent with 23rd Annual Bio-IT World Conference & Expo

Retrieved on: 
Tuesday, March 19, 2024
Cloud, Partner, Google Cloud, Conference, Innovation, AstraZeneca, Private equity, Goldman Sachs, ARCH Venture Partners, Dana–Farber Cancer Institute, Envelope (music), AI, Software, Bristol Myers Squibb, ARPA-H, Military strategy, Third Rock Ventures, Boston Millennia Partners, Economic development, State, Fireside chats, Pharmaceutical industry

BOSTON, March 19, 2024 /PRNewswire/ -- Cambridge Healthtech Institute announces the final agenda for the inaugural Bio-IT World: Venture, Innovation & Partnering Conference—a gathering of leading investors, executives, research institutions, biotech and informatics innovators, startups, and strategics whose creative partnerships are catalyzing today's drug discoveries.

Key Points: 
  • The April 17 Boston event, drawing heavily from leaders within the renowned Boston/Cambridge, Mass.
  • biotech community, will be part of the 23rd annual Bio-IT World Conference & Expo April 15-17, which will attract more than 3,000 life science and IT innovators.
  • Scott Penberthy, Chief Technology Officer, Google Cloud, will present on "Unveiling the Future: Strategic Investment Opportunities in Biotech & Drug Discovery."
  • To learn about the Bio-IT World Conference & Expo and to register, see bio-itworldexpo.com .

SmartCella AB appoints Oskar Steneryd as new CFO

Retrieved on: 
Tuesday, March 19, 2024
Growth, Altor Equity Partners, Finance, Private equity, CFO, Control, RNA, Stockholm School (economics), Investment banking, Master of Science, Financial management, Investment, FDA, Management

STOCKHOLM, March 19, 2024 /PRNewswire/ -- SmartCella Holding AB today announces that Oskar Steneryd has been appointed new Chief Financial Officer (CFO).

Key Points: 
  • STOCKHOLM, March 19, 2024 /PRNewswire/ -- SmartCella Holding AB today announces that Oskar Steneryd has been appointed new Chief Financial Officer (CFO).
  • Niklas Prager, CEO of SmartCella, says: "It's a great pleasure to announce that Oskar is joining SmartCella.
  • Oskar Steneryd, new CFO of SmartCella, comments: "I have over time followed and been highly impressed with the rapid development of SmartCella and its quest to transform the potential of targeted therapies.
  • Oskar succeeds the current CFO Malin af Petersens, who has been instrumental in building SmartCella into what it is today.

CoastalSouth Bancshares, Inc. and Coastal States Bank Announce Changes to Boards of Directors

Retrieved on: 
Monday, March 18, 2024
Acquisition, Private equity, HEAD, Bar association, Hospital, Knowledge, LLP, CSB, COSO, University, Doctor of Philosophy, Gee, Partnership, Management

HILTON HEAD ISLAND, S.C., March 18, 2024 /PRNewswire/ -- CoastalSouth Bancshares, Inc. ("COSO") and its wholly-owned subsidiary, Coastal States Bank ("CSB"), announced today that Mr. Ping Lee, PhD is stepping down as a member of their Boards of Directors.

Key Points: 
  • HILTON HEAD ISLAND, S.C., March 18, 2024 /PRNewswire/ -- CoastalSouth Bancshares, Inc. ("COSO") and its wholly-owned subsidiary, Coastal States Bank ("CSB"), announced today that Mr. Ping Lee, PhD is stepping down as a member of their Boards of Directors.
  • "Ping was an excellent representative for former Cornerstone shareholders, as well a strong financial steward for all COSO shareholders."
  • The Boards of Directors of COSO and CSB also announced today that Mr. John G. Aldridge, Jr. ("Gee") has been appointed to serve as a member of both Boards of Directors.
  • "I am very pleased to announce that Gee has joined our Board of Directors," said Stephen Stone, President and CEO of COSO and CSB.

CloudSquad Kicks Off Operations

Retrieved on: 
Monday, March 18, 2024
AWS, Private equity, Communication, AI

RENO, Nev. , March 18, 2024 /PRNewswire/ -- CloudSquad, a fast-growing Cloud and AI Integration Service company, is announcing today the initiation of services to customers.

Key Points: 
  • CloudSquad , a company backed by industry veterans with a proven track record in Cloud professional services, started company operations.
  • RENO, Nev. , March 18, 2024 /PRNewswire/ -- CloudSquad, a fast-growing Cloud and AI Integration Service company, is announcing today the initiation of services to customers.
  • Pavel Pragin started his career in IT over 20 years ago focusing on infrastructure and data center operations.
  • I'm genuinely thrilled about the possibilities that CloudSquad brings for clients in the areas of Cloud and AI."