private equity, healthcare, IT, technology software, VSS

Healthcare’s pivotal digital moment

By Jeffrey Stevenson, VSS Digital-IT and population-health businesses enabling providers – doctors, community and hospital systems – to better analyze data from electronic health records, claims and clinical treatment are poised to become tomorrow’s healthcare-IT winners. This is happening as the industry’s transition from fee-for-service to value-based care has gained momentum. Value-based reimbursement models are […]

private equity

On the Move, April 29, 2019: Argand taps Schnoedl; Bain & Co names Hoverman, Lippert

PRIVATE EQUITY FIRMS Clearlake Capital Group named five executives partner and/or managing director: Fred Ebrahemi, partner, managing director, general counsel and chief compliance officer; Dan Groen, managing director; James Pade, partner and managing director; Arta Tabaee, managing director, and Pedro Urrutia, partner, managing director and CFO. Hg opened a New York office to support the firm’s current activities, […]

private equity

On the Move, April 1, 2019: KKR taps Richdale for Asia-Pacific strategy

PRIVATE EQUITY FIRMS KKR named Kate Richdale member and head of strategy and business development in Asia Pacific. Richdale joins from Goldman Sachs in Hong Kong, where she was chairman of investment banking in Asia Ex-Japan. Genstar Capital promoted David Golde to managing director and Ben Marshall and David Graham to director. Excellere Partners, the Denver private equity firm, promoted Mike Vieth to principal and Nick Coleman and Matt Halverson to vice […]

private equity

On the Move, 12.24.18: KKR taps Cidambi, Padmanabhan for India credit business

PRIVATE EQUITY FIRMS Victory Park Capital appointed Kevin Burke a partner. He previously spearheaded the launch of the Institute for Global Investing at the University of Notre Dame. KKR: Sumanth Cidambi and Vijay Padmanabhan were named directors for the credit business in India. Cidambi has worked with corporate boards and senior management teams in Asia, Europe and the U.S., while Padmanabhan’s resume […]

private equity

On the Move, 11.19.18: KPS names Raquel Palmer co-managing partner

PRIVATE EQUITY FIRMS Pantheon Group named Jeff Wright a principal on the client service team, focused on the firm’s U.S. institutional client markets. Wright’s background includes senior roles at Wilshire Private Markets and HarbourVest Partners. BelHealth Investment Partners, a healthcare private equity firm, named Kiran Patel senior adviser. Patel, a physician, is former chairman of WellCare and America’s 1st Choice. Paine Schwartz Partners named Edward Haft an operating […]

venture capital

VCs on the Move, monthly recap as of July 17

Read on to find out more about recent hires and other moves in the venture community over the past four weeks, including hires at Andreessen Horowitz, Benchmark and Forerunner, among others. … Andreessen Horowitz named Kathryn Haun its first female general partner. Haun is a former assistant U.S. attorney who prosecuted cybercrimes. She also is a lecturer at […]

Colorado PERA, Public Employees Retirement Association of Colorado, pension fund, private equity

Denver VC fund makes case for Israeli startups to take the mile-high view

The San Francisco Bay Area has Silicon Valley, Israel has Silicon Wadi and New York has Silicon Alley. So if you’re a mile up and you want to bring Israeli tech startups local, why not Silicon Mountain? That’s the view of Gili Elkin, one of two general partners at Denver-based Israel-Colorado Innovation Fund. The recently […]


MENA-focused digital health platform Altibbi snaps up $6.5 mln

Altibbi, a digital health platform focused on businesses and consumers in the Middle East-North Africa region, raised a $6.5 million funding round. Dash Ventures and Middle East Venture Partners led the round, while three new strategic investors — TAMM, RIMCO Investments and Endeavor’s Catalyst Fund – participated.

Trilliant Food, Blackstone Group, coffee, private equity

Leveraged Loans: Outlook stable for integrated coffee firm Trilliant: Moody’s

Trilliant’s rapid sales increases, fat EBITDA margins and favorable growth environment led Moody’s Investors Service to assign a stable outlook to the integrated coffee producer after a PE-led recap. Moody’s analysts Brian Weddington and Peter Abdill gave a B3 corporate-family rating to Badger Finance, a holding company for Trilliant, the Little Chute, Wisconsin-based producer of […]

Extreme Reach Inc, Carlyle Group, advertising, private equity

Leveraged Loans: S&P cuts rating for Carlyle-backed Extreme Reach

Extreme Reach’s potentially narrow margin of compliance with its leverage covenants in the next year and a half prompted Standard & Poor’s to cut its rating on the ad-services company. S&P pared its corporate-credit rating on Extreme Reach to B- from B. The outlook is negative. In addition, the credit-rating company reduced its issue-level rating on […]

PF Chang's, restaurant, private equity, Centerbridge Partners

Leveraged Loans: Centerbridge-backed P.F. Chang’s outlook stays negative at S&P

S&P Global Ratings maintained a negative outlook on Centerbridge Partners-backed P.F. Chang’s China Bistro, citing factors including the restaurant chain’s leverage, small scale and “exposure to declining mall traffic.” Analyst Mathew Christy in New York also expects lower customer traffic and spending industrywide, prompting negative comparable sales at P.F. Chang’s in the next year. Adjusted leverage “will […]


Jones Day adds partner to M&A practice

Jones Day, the international law firm, named Charles Chau a Hong Kong-based partner in its M&A practice. Chau has almost 20 years of experience advising clients in a range of business sectors in Hong Kong, China and Asia-Pacific, Jones Day said.


Israel’s Vintage closes oversubscribed fourth secondary fund on $215 mln

Vintage Investment Partners, the Herzliya Pituach, Israel-based venture firm, closed its 10th fund on $215 million, 23 percent above its $175 million target. Vintage X, which is VIP’s fourth secondary fund, will buy LP positions in Israeli and European venture and growth-equity funds as well as U.S. venture funds.


Bow River wraps up fourth PE fund at $262 mln

Bow River Capital Partners, the Denver alternative-asset-manager, closed its fourth buyout fund at an oversubscribed $262 million. The target was $200 million on the fund, which plans to invest in lower-middle-market private companies in infrastructure, engineering, healthcare and industrial services.

VC-backed VR social platform AltspaceVR shuts down

Redwood City, California-based AltspaceVR, the social platform for virtual reality, said in a blog post that it would shut down on Aug. 3. “It looked like we had a deal for our next round of funding, and it fell through,” the blog post says. “Some combination of this deal falling through and the general slowness of VR market growth made most of our investors reluctant to fund us further.” The company was founded in 2013 and raised $15.7 million, the website says. AltspaceVR’s backers included Tencent, Dolby Family Ventures, Raine Ventures, Lux Capital, Western Technology Investments, Maven Ventures, Rothenberg Ventures and Comcast Ventures.

Toys R Us

Leveraged Loans: Toys ‘R’ Us outlook cut to ‘negative’ on refinancing risk

The outlook for Toys “R” Us Inc, the Bain Capital Private Equity-backed toy retailer, has weakened because the company will have to refinance certain debt in what will be “challenging” capital markets, Standard & Poor’s said. S&P analyst Robert Schulz cut the outlook on the Wayne, New Jersey, company to “negative” from “stable.” He affirmed […]