Gene Trainor leaving Foundation Capital

By Alastair Goldfisher — 1 day ago

Foundation Capital, which late last year raised $325 million for its eighth fund, said that COO Gene Trainor is leaving the firm, according to a blog post. The post, by General Partner Paul Holland, said that Trainor plans to take time off to travel with his wife and then earn his master’s degree in education with the aim of eventually teaching math, full time, to at-risk middle school students in the city.

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Olympus Partners taps Conroy as third managing partner

By Robert Daniel — 3 days ago

Olympus Partners named Jim Conroy its third managing partner. Conroy, 55, joined the Stamford, Connecticut, firm in 1990 as it began investing its first fund. The firm said he’d had particular success with healthcare and financial-services investments. His new role will include expanded responsibility on the investment committee and within management. Olympus, founded 1988, manages more than $5.5 billion, the firm’s website says. Its latest fund, Olympus Growth Fund VI, has committed capital of $2.3 billion. Olympus says it makes at most three or four investments a year, ranging $50 million for growth-capital deals to $300 million and more for buyouts.

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Swanson Health Products names Abbott Labs’ Doyle CEO

By Robert Daniel — 3 days ago

Swanson Health Products, the Fargo, North Dakota, online and catalog marketer of healthy living products, named Katie Doyle chief executive officer. Doyle joins Swanson from Abbott Laboratories, where she was a senior vice president, leading the nutrition business in the U.S., Canada and Puerto Rico. In that post she was responsible for $3.2 billion in revenue “across a portfolio of brands in the pediatric and adult nutrition space as well as sports nutrition and healthy snacking,” Swanson said in a statement. As Swanson CEO she succeeds Ken Harris, who led the company through its late-January acquisition by Swander Pace Capital, the San Francisco private equity firm with $1.3 billion of equity commitments.

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McKee named CEO of ObserveIT

By Luisa Beltran — 4 days ago

ObserveIT said April 27 that it named Mike McKee its Chief Executive Officer. McKee previously served as an Executive Officer at Rapid7. ObserveIT is backed by Bain Venture Capital.

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MUFG Investor Services taps Trentacosta sales director

By Robert Daniel — 4 days ago

MUFG Investor Services named Daniel Trentacosta sales director to help develop business for the firm’s solutions across hedge funds, funds of funds and private equity/real estate funds. MUFG, the global asset-servicing arm of Mitsubishi UFJ Financial Group, provides services including fund administration, middle-office outsourcing, custody, depository, trustee, fund of hedge fund financing, foreign exchange and more. Trentacosta will report to John Sergides, managing director and global head of business development and marketing in New York. Previously, Trentacosta headed the treasury-operations team at Och-Ziff Capital Management Group, the New York alternative-asset manager.

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Summit names dental-firm founder Serrao to executive-in-residence program

By Robert Daniel — 4 days ago

Summit Partners, the Boston growth equity investor, said Greg Serrao joined the executive-in-residence program, tasked with helping the firm’s healthcare and life sciences team identify investment opportunities among growth-stage healthcare companies. Serrao is founder and executive chairman, and from 1996 until 2015 was chief executive, of American Dental Partners, which Summit had backed. Serrao also led American Dental, the Wakefield, Massachusetts, provider of business services to dental practices, to its 1998 initial public offering. He also served as an executive at Cardinal Health and as a healthcare-focused investment banker at Dean Witter Reynolds. Summit Partners currently has invested more than $7.2 billion in equity and fixed-income opportunities.

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NorthEdge Capital hires EY executive Wildsmith

By Chris Witkowsky — 4 days ago

NorthEdge Capital hired Ben Wildsmith as portfolio director to manage the existing portfolio and find new deals across northern England. Wildsmith joined NorthEdge from EY where he worked as corporate finance director in the regional debt advisory business.

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BTIG hires Colin Knudsen for TMT banking

By Chris Witkowsky — 5 days ago

BTIG, LLC hired Colin Knudsen as a managing director in the technology, media and telecom banking group. Knudsen will be based in New York and will focus on TMT M&A and capital markets transactions. Prior to BTIG, Knudsen was co-founder and vice chairman of Coady Diemar Partners.

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Salzberg named Chairman of Integrated Beverage Group

By Luisa Beltran — 5 days ago

Integrated Beverage Group, which is backed by Juggernaut Capital Partners, said April 26 that it named Mike Salzberg as its chairman, and Gary Turner as its executive vice president of sales. IBG also recently named Brett Zimmerman, Master Sommelier, as its chief wine officer. Salzberg most recently served as president and COO of Advantage Sales and Marketing (now called Advantage Solutions), while Turner was most recently the vice president of operations for ARAMARK. Zimmerman owns Boulder Wine Merchant and is a former Colorado general manager of the American Fine Wine Division of Southern Wine & Spirits.

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BlackArch taps Hamilton managing director, head of building products

By Robert Daniel — 5 days ago

BlackArch Partners, the Charlotte, North Carolina, middle-market investment bank, tapped Grant Hamilton as managing director and head of the firm’s building-products industry practice. For more than a decade, he’s been advising on middle-market M&A, emphasizing the building-products and diversified-industrials sectors, BlackArch said in a statement. Hamilton and a number of BlackArch senior bankers worked previously at Edgeview Partners, which Piper Jaffray acquired in 2013.

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Council Capital names Jackson managing partner

By Robert Daniel — 5 days ago

Council Capital, the Nashville healthcare-focused private equity firm, named Grant Jackson managing partner. Jackson had joined the firm in 2008 as a general partner and had effectively assumed the MP’s role in October 2014. He led the closing of the firm’s third private equity fund, which closed two weeks ago on more than $150 million. Jackson has 15 years of experience in healthcare PE at all levels, including company directorships and deal sourcing through to exits. Council Capital, currently managing about $300 million, makes control and minority investments in healthcare companies, targeting those with enterprise values of $10 million to $50 million.

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RealtyShares names Sotoodehnia chief credit officer

By Robert Daniel — 6 days ago

RealtyShares, the San Francisco online marketplace for real estate investing, named Arash Sotoodehnia chief credit officer, responsible for managing the firm’s risk analytic framework, policies and guidelines. Sotoodehnia was previously Citi Mortgage’s head of risk policy and controls; his resume also includes tenures with Ally Financial and Fannie Mae.

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GCP-backed Transpay taps Carlo global head of travel payments

By Robert Daniel — 6 days ago

Transpay, the New York cross-border payments platform, named Mike Carlo global head of travel payments. Carlo had been head of travel solutions at Wex Inc and global market leader for travel at GlobalCollect/Ingenico. At Transpay he’ll oversee expansion of the company’s travel-industry solutions. Transpay is backed by GCP Capital Partners, the $1.8 billion New York private equity fund led by top investors in the payments industry.

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