Mainsail Partners expands team with new addition

Mainsail Partners has appointed Michael Anderson as an investment partner. In his new role, Anderson will focus on making investments in the healthcare, software and tech sectors. Previously, Anderson worked at Summit Partners where he served as a principal.


Summit Partners buys DentalPro

Summit Partners has acquired a majority stake in DentalPro. Financial terms weren’t announced. Existing DentalPro shareholder, VAM Investments reinvested in the transaction, as did CEO and Founder Michel Cohen. Milan, Italy-based DentalPro owns and operates 30 full-service clinics across Italy, most of which are located in shopping malls.


Summit Partners exits Multifonds

Summit Partners said Wednesday it sold Multifonds to Temenos Group AG. The total cash consideration for the deal was 235 million Euros (US$262.9 million). Luxembourg-based Multifonds provides fund administration software.


Advance Health attracts $40 mln

Chantilly, Virginia-based Advance Health, a health risk assessments provider, has secured $40 million in funding. Summit Partners led the round with participation from Noro-Moseley Partners. Choate Hall & Stewart LLP advised Summit Partners on the transaction while Bass, Berry & Sims PLC advised Advance Health. In conjunction with the funding, Mark deLaar of Summit Partners has been added to Advance Health’s board of directors.


Summit Partners promotes three

Summit Partners has promoted Peter Rottier to managing director. Also, the firm has upped Peter Francis and Colin Mistele to vice president. Prior to joining Summit, Rottier worked at KSL Capital Partners, Stone Arch Capital and RBC Capital Markets. And before they both came to Summit, Francis worked at Jefferies & Company and UBS Investment Bank while Mistele worked at Union Square Advisors, Accenture and Electronic Arts.


Bespoke and Noël Group buy Nomacorc

Bespoke Capital Partners has partnered up with Noël Group to acquire Nomacorc from Summit Partners. No financial terms were disclosed. Global Leisure Partners advised Bespoke on the transaction. Also, Nomacorc has added Ken Lamb to its board. Nomacorc is a maker of synthetic wine closures.


Riverside Partners promotes three

Riverside Partners has promoted Michelle Noon and Max Osofsky to partner. The company has also promoted Craig Stern to principal. Prior to joining Riverside, Noon worked at Thoma Bravo and Morgan Stanley while Osofsky was at Summit Partners where he served as a vice president. And before joining Riverside, Stern was at Nextag where he worked as a vice president of corporate development.


Summit sells Access Information Management

Berkshire Partners has acquired a majority interest in Access Information Management. Financial terms weren’t announced. Summit Partners is the seller. Access Information provides records and information management services in North America. Robert W. Baird & Co. provided financial advice to Access.


Growth equity an eclectic mix at Hawaii ERS: VCJ

The growth equity portfolio at the Hawaii Employees’ Retirement System is an eclectic mix of small-scale later stage funds and massive multi-billion capital pools with a broad, balanced approach. Results are reasonably good.


Summit Partners-backed RuffaloCODY buys Noel-Levitz

RuffaloCODY, which is backed by Summit Partners, has acquired Noel-Levitz. No financial terms were disclosed. Lazard Middle Market served as advisor to RuffaloCODY on this transaction. Based in Iowa and Colorado, Noel-Levitz is a consulting firm that specializes in higher education strategic enrollment planning, student marketing and recruitment.


VC-backed ABILITY Network names CFO

ABILITY Network has hired Robert Barbieri as chief financial officer. Previously, Barbieri worked at Converge One where he served as a CFO. Headquartered in Minneapolis, ABILITY Network is a healthcare tech firms. Its backers include Summit Partners, Lemhi Ventures and Bain Capital Ventures.

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