MEMBERS NEWS

Siris Capital Announces a Recommended Cash Offer for Equiniti Group PLC (EQ) Siris Capital announced that it reached an agreement with the board of directors of Equiniti Group PLC on the terms of a recommended cash offer for the entire issued and to be issued share capital of EQ. Under the terms of the acquisition, EQ shareholders will be entitled to receive 180 pence in cash for each EQ share. The acquisition values the entire issued and to be issued ordinary share capital of EQ at approximately £673 million on a fully diluted basis. EQ, a company listed on the Main Market of the London Stock Exchange, is a leading technology-led services and payments specialist with strong market positions in the United Kingdom and the United States. With more than 5,000 employees, the company supports 36 million people in 120 countries.

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Wind Point Partners Acquires American Trailer Rental Group Wind Point Partners announced that it acquired American Trailer Rental Group (ATRG), a Kentucky-based provider of trailer rental solutions to manufacturing, distribution and 3PL customers. The company owns and manages a fleet of over 16,000 units, including dry van trailers, containers, flatbeds, and chassis. ATRG operates via 19 branches throughout the Midwest, South and Southwest U.S. under five distinct brands: Meisler, FITS, Fleet, Advantage, and Arizona Storage. Collectively, these brands provide customers with flexible trailer rental solutions to help manage inventory, reduce storage costs, and drive efficiencies across supply chains. Read more: https://naicpe.com/wind-point-partners-acquires-american-trailer-rental-group/. Additionally, Corbett Technology Solutions, Inc. (CTSI), a portfolio company of Wind Point Partners, announced the acquisition of Collaborative Technology Solutions, LLC (CTS), a provider of audiovisual, security and other highly engineered low-voltage solutions. Founded in 2015, CTS designs, engineers and supports customers across a wide range of low voltage solutions. The company’s offerings include audiovisual, security infrastructure, sound masking, mass notification systems, structured cabling networks, public safety and cellular enhancement solutions. CTS represents the third acquisition for CTSI since partnering with Wind Point in June 2020. Read more: https://www.wppartners.com/overview/ctsi-acquires-collaborative-technology-solutions.

BeyondTrust Announces Investment from Clearlake Capital BeyondTrust, a worldwide leader in Privileged Access Management (PAM) software solutions, announced that it received a significant new equity investment from Clearlake Capital Group, L.P. Clearlake will join existing investor Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, as an institutional shareholder in BeyondTrust. The financial terms of the transaction, which are subject to customary regulatory approvals, were not disclosed. BeyondTrust currently serves more than 20,000 customers, including 70% of the Fortune 500 and a marquee list of blue-chip companies around the world.

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GenNx360 Portfolio Company Acquires Keystone Turbine Services GenNx360 Capital Partners announced that its portfolio company, Precision Aviation Group, Inc. (PAG), has made its fourth acquisition since GenNx360’s investment through the purchase of Keystone Turbine Services (KTS). Coatesville, PA-based KTS specializes in providing complete OEM-approved aftermarket maintenance, repair and overhaul (MRO) services for operators of the Rolls-Royce M250 series of gas turbine engines, along with related Honeywell and Triumph accessories plus component, spare parts, and field service support. PAG is a leading provider of products and value-added services to the worldwide aerospace and defense industry.

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Grain Management Announces Acquisition of NWS Grain Management, LLC announced that it acquired Network Wireless Solutions, LLC, a rapidly growing solutions and logistics provider to carriers and telecommunications contractors. Founded in 2012 and headquartered in Durham, North Carolina, NWS sells custom hybrid and fiber optic cables to broadband providers. The company also offers services in cell site development, inventory management, and material distribution sales.

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One Rock Capital Partners Invests in ArchKey Solutions One Rock Capital Partners, LLC announced that one of its affiliates has entered into a definitive agreement to make a significant investment in ArchKey Solutions alongside the company’s management team. ArchKey is an industry-leading specialty services contractor providing scalable electrical and technologies solutions nationally. The company operates across a broad set of end markets, including data center, commercial, industrial, renewables and healthcare, providing services to general contractors and owner-operators of new and existing facilities.

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Dynamk Capital Completes Investments in Cutting-Edge Life Sciences Companies Lightspeed Microscopy, Inc., an end-to-end 3D pathology platform, announced that it raised $4 million in a Series A financing round led by Dynamk Capital. The new funding will be used to commercialize and scale Lightspeed’s microscopy platform. Lightspeed’s technology combines novel chemistry, patented open-top light-sheet microscopy, and cloud-based AI data analysis to non-destructively image large tissues in 3D at a sub-cellular resolution. The platform is a complete solution that includes tissue labelling, tissue clearing, high-throughput imaging, cloud-based processing, and 3D digital analysis. Together, these technologies greatly improve the accuracy and speed of preclinical testing while creating compelling new insights. Read more: https://www.dynamk.vc/news/lightspeed-microscopy-inc-raises-4m-in-series-a-financing-round-with-plans-to-revolutionize-pathology-1. Separately, Vectron Biosolutions, a provider of expression tools and services in biomanufacturing, announced it raised $2.7 million in a Series A financing round led by Dynamk Capital as well as the acquisition of a bacterial secretion platform from Utah-based T3S Technologies. The acquisition of T3S Technologies’ secretion platform combined with Vectron’s core expression technology and additional financing will significantly boost Vectron’s position as a leading partner to biomanufacturers looking to reduce costs associated with the production of recombinant proteins or for solutions to advance their challenging proteins to the market. Read more: https://www.dynamk.vc/news/vectron-biosolutions-to-boost-protein-production-offering-with-acquisition-of-secretion-platform-from-t3s-technologies-and-27m-series-a-financing-round.

WM Partners Announces Agreement to Acquire Vega WM Partners announced that HPH II Investments Master Fund, LP, together with its parallel and feeder funds, through its wholly owned entity, has entered into a definitive agreement to acquire Vega. Terms of the transaction were not disclosed, and the closing of the transaction is subject to customary conditions. Founded in Burnaby, BC, Canada in 2001, Vega is a pioneer of the plant-based nutrition industry and a leading brand in plant-based protein powder in both the U.S. and Canada. Vega’s primary focus is on high-quality plant-based protein powders across several categories, including Daily Nutrition, Sports Nutrition, and Functional Wellness.

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ON THE MOVE

Ariel Investments Adds Diverse Expertise to Leadership Team Ariel Investments, LLC announced the appointment of two new leaders. Carlos E. Calderon has been appointed Chief Financial Officer. Calderon joins Ariel from Eaton Vance, a subsidiary of Morgan Stanley Investment Management. As Vice President and Director of Financial Planning and Analysis, he oversaw strategic planning and profitability for the multi-affiliate asset management and brokerage business. Additionally, renowned strategic counselor Judy Smith was appointed to Ariel’s Company Board of Directors. Smith is the founder and President of Smith & Company, an advisory firm with offices in Washington, D.C., Los Angeles, and New York. For over 25 years, she has counseled U.S. Presidents, global leaders, and Fortune 500 companies on a wide array of complex challenges and issues. A former federal prosecutor, Smith also served in the White House as Deputy Press Secretary to President George H. W. Bush.

HarbourVest Seeking Portfolio Associate and Vice President HarbourVest, an independent, global private markets investment specialist with over 35 years of experience and more than $71 billion in assets under management, is seeking a Portfolio Associate, Credit. The principal functions include portfolio monitoring, data analysis, sourcing management and developing material for existing and prospective investors. Associates who complete these tasks satisfactorily have the opportunity to spend a portion of their time on the evaluation of new credit investment opportunities. For more information or to apply, visit https://bit.ly/3fI1qNC HarbourVest is also seeking a Vice President for its Credit Investments team. The Vice President will be responsible for investing in both senior and junior capital in middle market companies through co-mingled funds and separately managed accounts. This role will manage the underwriting process and source transactions. For requirements and more information, visit https://bit.ly/34FkkOO.

JOB OPPORTUNITIES

CalPERS Seeks Investment Director CalPERS is currently seeking an Investment Director to oversee its Investment Risk and Performance Team (IRP). The Investment Director (ID) will provide leadership and management direction over the IRP team. The candidate would be responsible for collaborating with the Deputy Chief Investment Officer (DCIO) and Investment Senior Leadership in supporting Total Fund investment decision-making in a risk-aware manner to generate the required absolute rate of return necessary to meet CalPERS pension obligations. To apply, visit https://bit.ly/2Sdc85q. CalPERS is also looking to fill an Investment Manager to assist with its Enhanced Return Portfolio and oversee the day-to-day implementation and execution of investment strategies. Duties include but are not limited to leading teams for evaluating and underwriting investments in private debt commingled funds and separate accounts and performing analysis to determine appropriate sector allocations. For more information and to apply, please visit: https://www.calcareers.ca.gov/CalHrPublic/Jobs/JobPosting.aspx?JobControlId=255842.

PGW Retirement Reserve Seeking Large Cap Core Domestic Equity Manager The PGW Retirement Reserve has issued an RFP for a large cap core domestic equity manager. If you or a firm you know of is interested in bidding, please visit the City’s “eContract Philly” website. The opportunity is listed under “Sinking Fund Commission” and is Opportunity # 21210513145810. View the opportunity: https://philawx.phila.gov/econtract/.