Chris Witkowsky
Thompson Hine has elected seven lawyers to the firm's partnership representing a broad range of practices, including business litigation, business restructuring, credits' rights and bankruptcy, corporate transactions and securities, international trade and customs and labor and employment. The new partners are located in the firm's Atlanta, Cincinnati, Cleveland, Columbus, New York and Washington, D.C. offices.
Brookwood Financial Partners, a real estate investment and asset management company, has hired Jonathan Dayton as a vice president and property manager with its subsidiary Brookwood Management Partners. Dayton will oversee operations and maintenance of properties in Massachusetts and Rhode Island, which total more than 2 million square feet. Prior to Brookwood, Dayton was director of operations for EDENS, a national retail real estate development firm.
Ares Management has named John Jardine as senior partner in the firm's real estate group, where he will be responsible for loan production for Ares Commercial Real Estate Corporation and the real estate group's other lending activities. Jardine spent 22 years at TIAA-CREF, where he negotiated and closed numerous multi-million dollar transactions and was the portfolio manager of a multi-billion dollar position in commercial real estate.
Maxwell Health, a web and mobile-based platform that seeks to simplify employee benefits management, has secured $6 million in Series A1 financing. The funding round was led by Vaizra Investments, with participation from new investor Catalyst Health Ventures, previous investors Tribeca Venture Partners, Series Change, Lerer Ventures, BoxGroup and angel investors. In August, the company announced $2 million in funding, bringing its total Series A round to $8 million.
Cell Therapeutics has received the remaining $5 million from Hercules Technology Growth Capital available under an existing loan agreement that was established in March 2013. Hercules has committed more than $3.9 billion to more than 250 companies.
The California Public Employees’ Retirement System has put together a panel of financial industry veterans, as well as member of its own investment staff, to help the system review its emerging manager program, sister news service peHUB reported.
The Carlyle Group has quietly gone about forming custom accounts with several institutional investors this year, competing with several other mega-firms who have all been vying for investors looking for tailored service.
The Center for Innovative Technology's CIT GAP Funds invested in DivvyCloud, a Virginia-based startup that provides software to optimize hybrid cloud-based IT infrastructure. CIT GAP Funds has invested in more than 90 companies across Virginia, deploying more than $10 million of public funds and attracting more than $135 million more in private funding since inception.
Violin Memory, which provides memory-based storage solutions, has named Howard Bain III, chairman of the company's board of directors, as interim chief executive officer. The appointment follows the board's decision to terminate Donald Basile as CEO. The board has started a search process for a permanent CEO. Violin Memory has been backed by venture capital firms including SAP Ventures, Highland Capital Partners, Toshiba and Juniper Networks, and went public in September.
Metalmark Capital has spun off from Citigroup as the bank works to get into compliance with new regulatory requirements. Citi will retain its limited partner interests in Metalmark Capital II, a $2.5 billion fund. Metalmark Capital will be led by the same team that has been together for 20 years.