PRESS RELEASE

NEW YORK, May 20, 2013 /PRNewswire/ — BDCA Adviser LLC, an SEC-registered investment adviser that manages Business Development Corporation of America, a non-traded business development company, has hired a team of veteran lower middle market investors to launch its lower middle market investing activities. Lloyd Sams , Scott Chappell , and Damien Dovi joined the firm in May to spearhead this initiative.
BDCA Adviser focuses on both sponsored and non-sponsored middle market investment opportunities in a variety of industries. This new team has significant experience providing both senior and junior capital to small and medium-sized businesses seeking funding for acquisitions, refinancings, or organic growth.
“Lloyd, Scott and Damien bring tremendous experience to BDCA’s platform as we continue to increase our participation in direct-to-company, lower middle market financings,” comments Bob Grunewald , Chief Investment Officer at BDCA Adviser. “In addition to attractive senior secured financing opportunities in the lower middle market, they also will expand our product offering into higher-yielding, junior capital solutions.”
Sams, Chappell and Dovi have worked together for the past 11 years at BIA Digital Partners, a set of private mezzanine funds focused on the business services, media and telecom sectors. Both funds are Small Business Investment Companies (SBICs) and serve the lower middle market, generally defined as companies with between $3 million and $20 million of EBITDA and $30 million to $150 million of total enterprise value. They will pursue a similar strategy at BDCA and can deliver senior solutions as well as unitranche, subordinated debt and structured equity.
Managing Directors, Sams and Chappell, previously worked at First Union National Bank (now Wells Fargo). Sams managed the Communications and Media Finance Group, the largest specialized lending division at the bank, for seven years. Previously he was a team leader and banker at The First National Bank of Chicago (now JP Morgan). Sams was a co-founder of BIA Digital Partners in 1999. Chappell was a banker in the Private Placements and High Yield Groups within First Union Capital Markets for six years. He later joined Thomas Weisel Partners (now Stifel Nicholas) as an investment banker before joining BIA Digital Partners in 2001. Dovi, a Director at BDCA, was hired by BIA Digital Partners in 2002 after three years in the Sports and Entertainment Group at Bank of America. He moved from an underwriting role into an origination role at BIA Digital Partners in 2010.
“When combined with our recently-hired Middle Market team of Joe Taylor , Jim Fisher and Doug Lyons , this Lower Middle Market Team gives BDCA Adviser full coverage of U.S. businesses that have been starved for growth capital since the financial crisis of 2008 and 2009. We believe BDCA can deliver flexible, cost-effective capital to the entire middle market through this expanded team,” states Pete Budko , Chief Executive Officer of BDCA Adviser.
BDCA Adviser is owned by American Realty Capital, a full-service investment advisory firm sponsoring a series of investment programs with an emphasis on publicly registered non-traded real estate offerings.

The post BDCA Adviser Hires Sams, Chappell and Dovi appeared first on peHUB.

PRESS RELEASE

ANNAPOLIS, Md., May 22, 2013 /PRNewswire/ — American Capital Energy & Infrastructure announced today that is has expanded its global investment team with two new members: Lisa Pinsley , Director of Africa Investments and Pol Mijares, Senior Associate. The company also appointed Peter Bird and Venu Nambiar as Senior Advisors. The team will focus on sourcing investments opportunities in global energy infrastructure assets as well as product and service companies in the power and energy sectors.
“We are delighted that Lisa, Pol, Peter and Venu, all experienced industry professionals, are joining the investment team,” said Paul Hanrahan , Chief Executive Officer of American Capital Energy & Infrastructure. “Their combined experience in investing, managing and advising in the energy and infrastructure sectors, as well as their established relationships worldwide, will enable us to navigate the global energy and infrastructure market and find the best investment opportunities.”
Investment Team
Lisa Pinsley is responsible for sourcing opportunities in sub-Saharan Africa. Prior to joining American Capital Energy & Infrastructure, Ms. Pinsley served as a Vice President of AES Africa Power Company, where she focused on power and energy infrastructure opportunities on the African continent. Ms. Pinsley has 15 years of experience in emerging markets and finance. In addition, she served as Chief of Staff to the Afghan Minister of Finance focusing on the country’s economic reform programs with the International Monetary Fund and World Bank.
Prior to joining American Capital Energy & Infrastructure, Pol Mijares worked at The AES Corporation (“AES”) in a number of roles in business development, commodities, and risk management supporting businesses located throughout the United States, Europe, Asia, and Latin America. Prior to AES, Mr. Mijares was an investment banker at Bear Stearns & Co. and Banc of America Securities, LLC where he focused on executing buy-side and sell-side M&A engagements, as well as structuring high-yield and investment grade debt financings for public and closely held companies.
Senior Advisors
Peter Bird advises American Capital Energy & Infrastructure on sourcing opportunities in Asia. Until June 2012, Mr. Bird served as an Executive Vice-Chairman of Rothschild’s South East Asian global financial advisory business. In this role, Mr. Bird’s experience included advising leading corporations on acquisitions and divestitures in the infrastructure sector; advising numerous governments on privatizations in both developed and emerging economies; advising borrowers on project finance, acquisition financing, refinancing, insolvency and debt restructuring; advising utilities and public sector bodies on competitive solicitations and tender design; and advising governments on energy industry restructuring in the U.K., Europe, Australia, South America and Asia. Prior to joining Rothschild in 1990, Mr. Bird worked as an economic consultant and economic researcher focused on the energy sector and as an academic economist at the University of Stirling.
Mr. Bird serves on the board of InfraCo Asia Development Pte., Ltd., a donor-funded infrastructure development company focused on low-income emerging markets in Asia, and Vector, Ltd., a listed infrastructure group that owns and manages a portfolio of energy and fiber optic infrastructure networks in New Zealand.
Venu Nambiar advises American Capital Energy & Infrastructure on sourcing opportunities in the Middle East, North Africa, and South Asia. Prior to joining the company, Mr. Nambiar served as a Vice President of AES with primary regional responsibilities for the Middle East, North Africa and South Asia. During his tenure at AES, Mr. Nambiar held various senior positions including serving as the CEO of AES Oasis Limited, Chairman and Managing Director of AES India, and Managing Director for Business Development and M&A in Asia and Middle East. Mr. Nambiar has over 21 years of experience in the energy industry with 15 years dedicated to investing and managing growth in emerging markets.
American Capital Energy & Infrastructure is part of American Capital, Ltd.’s (Nasdaq: ACAS) (“American Capital”) asset management affiliate, American Capital Asset Management, LLC. American Capital Asset Management is dedicated to creating, capitalizing and managing alternative investment funds across asset classes, including energy and infrastructure, real estate, private equity and private finance. American Capital has committed $200 million to support American Capital Energy & Infrastructure initiatives.
ABOUT AMERICAN CAPITAL ENERGY & INFRASTRUCTURE
American Capital Energy & Infrastructure invests in global energy infrastructure assets, including power generation facilities, power distribution and transmission networks, energy transportation assets, fuel production opportunities and product and service companies focused on the power and energy sectors. For further information, please refer to www.ACEI.com.
ABOUT AMERICAN CAPITAL
American Capital, Ltd. (Nasdaq: ACAS) is a publicly traded private equity firm and global asset manager. American Capital, both directly and through its asset management business, originates, underwrites and manages investments in middle market private equity, leveraged finance, real estate and structured products. American Capital manages $21.2 billion of assets, including assets on its balance sheet and fee earning assets under management by affiliated managers, with $112 billion of total assets under management (including levered assets). Through an affiliate, American Capital manages publicly traded American Capital Agency Corp. (Nasdaq: AGNC) with approximately a $13 billion market capitalization and American Capital Mortgage Investment Corp. (Nasdaq: MTGE) with approximately a $1.5 billion market capitalization. From its eight offices in the U.S. and Europe, American Capital and its affiliate, European Capital, will consider investment opportunities from $10 million to $750 million. For further information, please refer to www.AmericanCapital.com.

The post Pinsley, Mijares Join American Capital Energy & Infrastructure appeared first on peHUB.

PRESS RELEASE

EDISON, N.J.–(BUSINESS WIRE)–Mformation® Software Technologies Inc., the leading global provider of mobility management solutions, today announced the appointment of Kevin A. Wood as President and CEO to lead the company through its next stage of growth. Kevin succeeds Todd DeLaughter, who will remain a strategic advisor to the company.
“We want to thank Todd DeLaughter, who led Mformation for the last four years, and who will continue to be involved in the company’s expansion in his role as a strategic advisor and Clearlake executive council member.”
“We are very excited to have Kevin as the CEO of Mformation. We believe Kevin’s combination of operating skill, mobile technology experience, and market knowledge make him a fantastic choice to lead Mformation as it capitalizes on the rapid expansion of the enterprise managed mobility market,” said Behdad Eghbali, founding partner of Clearlake Capital Partners, which owns Mformation. “We want to thank Todd DeLaughter, who led Mformation for the last four years, and who will continue to be involved in the company’s expansion in his role as a strategic advisor and Clearlake executive council member.”
“I am excited by the opportunity to lead Mformation,” said Wood. “We have amazing assets, tremendous talent, and an unmatched legacy of innovation and execution. I look forward to executing on Mformation’s compelling vision for delivering the next generation of solutions for managing mobility. With Clearlake’s backing, and the growing market demand for more robust mobility management solutions that can scale to handle millions of mobile endpoints, Mformation has a superb opportunity to seize market share. We will work to retain and expand the company’s installed base of premiere customers, and to ensure that all of our customers continue to get strategic value from Mformation’s solutions for managing the mobile experience.”
“Mformation is an outstanding company with extremely driven, world-class, talented employees, and it has been an honor to serve as the company’s CEO,” said DeLaughter. “I am proud of what we have accomplished together, and am excited about working with Kevin and Clearlake to take the company into its next phase of innovation and growth.”
Kevin brings more than 20 years of executive leadership to Mformation. He was previously President and CEO of Airwide Solutions, a leader in mobile data, messaging, security and content solutions, where he led the company to dramatic growth, profitability and market leadership, and ultimately a successful exit. Prior to Airwide Solutions, Kevin was President, Americas for Comverse Network Systems. During his tenure at Comverse and its predecessor company Boston Technology, he was part of the management team that grew Comverse from the first few million dollars to over $1.2 billion in revenues, establishing it as a global leader in the communications enhanced services market. Most recently, Kevin was the founder and CEO of Cambria Technology Group, an advisory firm working with private equity firms focusing on mobile-enabled services, including enterprise mobility, mobile security, mobile applications and M2M services.
About Mformation
Mformation Software Technologies Inc. is the pioneer and leading global provider of management solutions for wirelessly connected devices. A private company, Mformation is owned by Clearlake Capital Partners, a middle-market private equity firm. Since 1999, Mformation’s solutions have been deployed by the largest mobile operators and managed service providers worldwide. With over 500 million devices under management, Mformation enables operators, service providers and enterprises to manage and secure wirelessly connected devices and the applications and services on them over any wireless network. Mformation’s award-winning Mformation Service Manager™ and Mformation Enterprise Manager™ software platforms provide solutions for next-generation service enablement, smart customer interaction, M2M device management and enterprise mobility management for operators, managed service providers and enterprises. For more information visit www.mformation.com.

The post Mformation Software Technologies Names New President/CEO appeared first on peHUB.

PRESS RELEASE

CAMBRIDGE, Mass., May 22, 2013 /PRNewswire/ — Flagship Ventures, a leading venture capital and venture creation firm focused on healthcare and sustainability, today announced the appointment of Stephane Bancel as a Senior Partner. In this role, Mr. Bancel will provide strategic counsel and support to portfolio companies.
In addition to working closely with companies in the Flagship portfolio, Mr. Bancel also serves as President and Chief Executive Officer of Moderna Therapeutics, a Flagship VentureLabs™ – founded company. Moderna is pioneering messenger RNA therapeutics™, an entirely new in vivo drug modality that produces human proteins or antibodies inside the patient, within the patient’s cells. This allows the in vivo expression of virtually any therapeutic protein for intracellular or systemic action. He is also Executive Chairman of the board for BG Medicine, Inc. (NASDAQ: BGMD), a Flagship portfolio company focused on the discovery, development and commercialization of novel, biomarker-based diagnostics to improve patient outcomes and contain healthcare costs.
“Stephane brings with him a wealth of management experience and expertise in the development and commercialization of medical diagnostic tools and technologies as well as expertise in the pharmaceuticals industry,” said Noubar Afeyan , Managing Partner and Chief Executive Officer of Flagship Ventures. Under Mr. Bancel’s leadership, Moderna has entered into one of the largest preclinical biotech-pharma deals in the industry’s 35 year history with AstraZeneca. The recently announced partnership agreement involves up to 40 options to drug products and $420M in up front and technology milestone payments. Dr. Afeyan added, “having worked together with Stephane for over three years now at BG Medicine and Moderna, I look forward to seeing his commercial mindset and strategic insights applied more broadly to Flagship’s investment strategy as well as to the growth and success of our portfolio companies.”
Mr. Bancel said “What attracted me to Flagship Ventures was the team’s depth of experience and knowledge in the life sciences industry, as well as the firm’s unique philosophy and approach to realizing entrepreneurial innovation.” He continued, “I look forward to building on Flagship’s growing reputation as one of the preeminent innovators in the life sciences ecosystem.”
Prior to joining Flagship, Mr. Bancel served as Chief Executive Officer of bioMerieux (NYSE Euronext: BIM.PA), a world leader in the diagnostics industry. During his five years leading the company, he accelerated the sales growth rate, enhanced its position as a global leader in clinical microbiology and re-accelerated its immunoassay franchise by focusing on high medical value biomarkers. Under his leadership, the company’s market capitalization nearly doubled despite the broader economic downturn.
Previously, Mr. Bancel was Managing Director of Eli Lilly in Belgium and Executive Director of Global Manufacturing Strategy and Supply Chain at Eli Lilly in Indianapolis. He earned a Master of Engineering from Ecole Centrale Paris, a Master of Science in Chemical Engineering from the University of Minnesota and an MBA from Harvard Business School. In 2009, Mr. Bancel was elected a Young Global Leader by the World Economic Forum. He was elected Best CEO for Investor Relations in France in 2009 and was ranked #1 CEO in the Biotechnology sector according to the 2011 Thomson Reuters Pan European EXTEL Study.
About Flagship Ventures
Realizing entrepreneurial innovation is the mission of Flagship Ventures. The firm operates through two synergistic units: VentureLabs™ which invents and launches transformative companies, and Venture Capital, which finances and develops innovative, early-stage companies. Founded in 2000, and based in Cambridge, Massachusetts, Flagship Ventures manages over $900 million in capital. The Flagship team is active in three principal business sectors: therapeutics, health technologies and sustainability/clean technology. Past successful Flagship portfolio companies include: Accuri Cytometers (acquired by Becton, Dickinson and Company), Adnexus (acquired by Bristol-Myers Squibb), Hypnion (acquired by Eli Lilly), AVEO (NASDAQ: AVEO), BG Medicine (NASDAQ: BGMD), Tetraphase (NASDAQ: TTPH), Receptos (NASDAQ: RCPT) and Morphotek (acquired by Eisai). Additional notable portfolio companies include: AeroDesigns, Affinnova, Agios, BIND Therapeutics, Joule Unlimited, Quanterix, and Moderna Therapeutics. For more information, please visit www.flagshipventures.com.

The post Flagship Ventures Names Bancel as Senior Partner appeared first on peHUB.

PRESS RELEASE

International investment bank Altium has announced the promotion of Andy Clarke to director and Elin Sion to assistant director.

Clarke joined Altium in 2009 from Grant Thornton, having previously worked at LDC and KPMG. He specialises in private equity transactions and general mergers and acquisitions (M&A).

Sion has been at Altium since 2011. She qualified as a chartered accountant with PwC and holds a Master’s degree in Chemical and Process Engineering from the University of Manchester. She has been involved in a number of private equity and trade transactions in the business and support services and energy waste and renewables teams at Altium.

Altium’s Chief Executive, Phil Adams, said: “Andy and Elin’s promotions have been well earned as they have both made significant contributions to the firm by working on a number of key deals.”

Altium has offices in Manchester, London, Frankfurt, Madrid, Munich, Milan, Paris and Zurich.

ENDS

Press contact: Chris Hopper / Liam Buckley @ MC2 (0161 236 1352)

About Altium
Altium provides M&A and corporate finance advice to companies, private equity firms and entrepreneurs. Altium is an international mid-market financial advisory group, employee owned and truly independent. The firm has been a leading advisor for more than 20 years and has developed into a group operating eight offices across Europe.

Altium has a leading position among European mid-market advisory groups, complemented by strategic alliances in key markets around the world. In North America, Altium has a partnership with Petsky Prunier, a leading investment bank in the technology, media, marketing, and healthcare industries. In India, Altium has a partnership with Allegro Advisors, India’s leading independent full service investment bank

The post Duo Promoted at Altium appeared first on peHUB.

PRESS RELEASE

Blue Earth, Inc. (OTCQB: BBLU) announced today that Robert C. Potts and Brett Woodard are joining its senior management team effective May 16, 2013. Robert C. Potts will be the president and chief operating officer (COO) and Brett Woodard will be the chief financial officer of (CFO) of BBLU. Ray Lundberg will be the president of the newly created CHP division of the Company.
“We are delighted that Rob, Brett and Ray are joining the Blue Earth senior management team,” stated Dr. Johnny R. Thomas, CEO. “Their collective wealth of knowledge, strong energy business and project finance backgrounds will help us accelerate our strategic plan for growth.”
Most recently, Potts, Woodard and Lundberg served as founders, directors and officers of IPS Power Engineering, Inc., a Provo-based engineering, procurement and construction management (EPCM) company specializing in combined heat and power (CHP) projects.
Rob has been the President and CEO of several portfolio companies for a private equity firm. He was the CEO of the following companies: Prinexus, Finlay Systems, Color By Pergament, Direct Group, Direct Fulfillment, Mack Color Graphics, Halo Design Systems, and Tukan. He has broad experience with successful start-up and turnaround ventures. Rob’s broad understanding of manufacturing companies and integrating new systems into existing companies as well as his ability to execute new business strategies is expected to provide a solid basis for successfully growing Blue Earth into a co-generation company powerhouse. Rob earned his B.S. Mechanical Engineering, at Brigham Young University, and an M.B.A. – Finance at Lehigh University.
Brett has over 30 years of experience in finance, control and fundraising. Prior to IPS, Mr. Woodard served as the CFO of Wasatch Wind, Inc., an enterprise that developed wind energy projects in the western US and eastern Canada. With over 25 years of experience in structuring turnkey project finance transactions throughout the Americas, Europe and Asia in roles with Nokia (large telecommunications infrastructure), GE Capital and Nortel Networks, he has worked extensively with international financing organizations including several Export Credit Agencies. He holds an MBA, finance from the University of Utah.
Ray has extensive knowledge of contracting and managing large projects. He is a licensed general contractor in the State of Utah. Ray has over fifteen years of experience owning and operating a construction company for development projects. Ray brings a professional level to managing the analysis, design, and implementation of the pending CHP projects. He received an Associates Degree at Salt Lake Community College.
“Rob, Brett and Ray are strong additions to the Blue Earth senior management team,” stated Laird Q. Cagan, Chairman of Blue Earth, Inc. “Their diverse and successful business backgrounds in concert with their expertise in CHP project development and implementation will serve us well as we gear up for a very busy 2013 and beyond.”

About BBLU
BBLU is engaged in the clean technology industry with a primary focus on the energy efficiency and renewable energy sectors. We strive to participate in the global movement for a sustainable planet by offering products and services that will optimize energy use, reduce harmful environmental emissions and substantially reduce energy costs to our customers.

Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements other than statements of historical facts included in this press release are forward-looking statements. These statements relate to future events or to the Company’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. Investors should not place any undue reliance on forward-looking statements since they involve known and unknown, uncertainties and other factors which are, in some cases, beyond the Company’s control which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects the Company’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to operations, results of operations, growth strategy and liquidity. Such risks, uncertainties and other factors, which could impact the Company and the forward-looking statements contained herein are included in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

The post Blue Earth Expands Executive Management Team appeared first on peHUB.

PRESS RELEASE

Tech Valley Communications (TVC), a facilities based telecommunications service provider operating networks in New York and Northern New England, today announced the appointment of Maura Mahoney as Senior Director of Marketing and Product Management effective immediately. With more than 20 years of experience in marketing and product development leadership within the communications industry, Ms. Mahoney is ideally suited to drive the marketing and product development initiatives on behalf of the Company and to further enhance TVC’s brand awareness.
“I am pleased to announce the addition of Maura Mahoney to our leadership team,” stated Kevin O’Connor, Tech Valley Communications’ President and Chief Executive Officer. “Maura’s experience and in depth knowledge of the industry will allow us to fully realize the Company’s growth potential by executing on all aspects of Marketing throughout our expanding footprint in the Northeast.”
Prior to joining Tech Valley Communications, Ms. Mahoney led the marketing efforts for Conterra Broadband Services. Prior to this, Ms. Mahoney served as Vice President of Marketing, Business Development and Systems Engineering for Sidera Networks (and its various predecessors) from 2001 to 2012. In 2011, Ms. Mahoney was recognized by Fierce Telecom as one of the top female leaders in the telecom industry in its annual “Women in Wireline” feature.
“Joining the Tech Valley Communications team during this phase of aggressive growth and expansion is very exciting,” commented Ms. Mahoney. “I look forward to working with this talented team enhancing the high quality suite of fiber-based services that the Company offers and to tailor solutions that support our customers’ business objectives. I also look forward to building on TVC’s strong reputation as the provider of choice for business and wholesale customers requiring service throughout the New York and New England regions.”
Additional information on TVC can be found at www.techvalleycom.com or by following us on Twitter and LinkedIn.
About Tech Valley Communications
Tech Valley Communications (TVC), headquartered in Albany, NY, provides fiber optic data, voice, and high-speed Internet services to enterprise, carrier and wholesale customers in Upstate New York and New England utilizing its own FirstLight® fiber optic network which spans over 190,000 fiber miles connecting in excess of 1,300 lit buildings. TVC offers a robust suite of advanced telecommunications products, including dedicated Internet access, Metro Ethernet (E-LAN, E-Line), MPLS, traditional TDM solutions, SIP trunks, virtual PBX and audio-conferencing, managed commercial wireless systems, and Data Center Colocation. TVC’s clientele includes national cellular providers and CLECs and many leading enterprises, spanning high tech manufacturing and research, hospitals and healthcare, banking and financial, secondary education, colleges and universities, MDUs (Multi-Dwelling Units) and local and state governments. Tech Valley Communications is the parent company of New Hampshire-based CLEC, segTEL. Tech Valley Communications is a portfolio company of Boston-based private equity firm Riverside Partners.

The post Tech Valley Communications Appoints Senior Director appeared first on peHUB.

PRESS RELEASE

Hawksford, the leading independent trust company which is backed by UK mid market private equity firm Dunedin, today announced that Maxine Rawlins, a partner at Ernst & Young, will take on the role of chief executive, in 2014, when the incumbent chief executive, Peter Murley, retires.

A partner at Ernst & Young in Jersey, Maxine currently leads the Channel Islands Tax Practice and is Head of EMEIA Asset Management Tax. Prior to this, she was chief executive of Maples Finance, an international trust business headquartered in the Cayman Islands. During this time she drove the significant growth of the business, including expansion into six new jurisdictions. Maxine was also director of business development and in-house legal counsel at Close Brothers. Maxine is a qualified barrister and Cayman registered attorney.

The current chief executive, Peter MurIey, who has held his role at Hawksford since March 2010 commented: “The Board and I would like to take this opportunity to formally welcome Maxine to Hawksford. Maxine has enormous experience in our market and is a highly respected and popular leader who will make a very significant contribution to the future of this business.

“I have made the personal decision to retire from my CEO role in 2014 after four years at Hawksford, during which the business has undergone substantial expansion with the support of our investor Dunedin and Chairman Philip Taylor.

“My focus is now on ensuring a seamless transition for our clients and staff.”

Earlier this year, Hawksford acquired Key Trust Company Ltd, its fourth acquisition since it was backed by Dunedin in October 2008.

In the last two years, the business has completed the acquisitions of Trustcorp Jersey Limited, L-S&S GmbH, a Swiss private wealth law firm and the employee solutions business of Standard Bank Dubai.

David Williams, partner at Dunedin, who sits on Hawksford’s board, commented: “We would like to join Peter and the Board in welcoming Maxine to Hawksford. She is highly experienced in her field and has successfully led businesses through periods of growth and expansion, which will be very relevant at Hawksford. Our focus remains on increasing client choice by driving international growth through a proactive buy and build strategy, and we look forward to working alongside Maxine

The post Dunedin’s Hawksford Appoints New CEO appeared first on peHUB.

PRESS RELEASE:

Lighter Capital, a pioneer of Capital-as-a-Service (Caas), providing entrepreneurs with rapid access to growth capital through revenue-based financing, today announced the appointment of Jeff Seely to its Board of Directors.

Seely is a trustee on the Washington State Investment Board, which oversees more than $70 billion of pension assets for state employees, and a member of the board of directors of Redmond-based Concur (Nasdaq:CNQR), a company focused on employee spend management software. Seely previously served as the CEO of Recruiting.com from 2008 to 2010, and was chairman and CEO of ShareBuilder Corporation from 1998 until 2007, when it was sold to ING Direct for $220 million. Prior to ShareBuilder, Seely spent 15 years in investment banking at Robertson Stephens & Co., Dean Witter and Smith Barney, where he focused on financings, IPOs, and mergers and acquisitions for financial services firms and consumer businesses.

“Jeff’s career has bridged the worlds of finance and technology in a very rare and highly successful manner, bringing a tremendous wealth of experience to Lighter Capital as we grow our Capital-as-a-Service offering,” said BJ Lackland, CEO of Lighter Capital. “His experience building a web-based financial services firm, being an investment banker to banks, and providing strategic guidance to pension funds and successful software businesses provides our Board with a veteran perspective that will be extremely valuable. I am very excited to have him as an active member of our board.”

Lighter Capital and Revenue-Based Financing is intended for early-stage businesses that have established success and are primed for growth, but are cash-constrained and need access to capital with no loss of control and no fixed repayment schedule. Lighter Capital has developed a software platform to automate the investment application and evaluation process, accelerating the loan process for entrepreneurs, while also improving Lighter Capital’s scale and investment returns.

About Lighter Capital

At Lighter Capital, we’re breaking down the barriers to small business growth funding. Our revenue-based finance model exchanges growth capital for a fixed percentage of the company’s revenues. This structure is more flexible, easier, and faster than traditional loans, making us “lighter” than the marble and mahogany of the antiquated banks. Since 2010, Lighter Capital has funded dozens of fast growing companies that had no interest in personal guarantees from a bank nor the dilution and control provisions from venture capitalists. Lighter Capital invests $50k to $1M into companies with revenues of $15k per month and up. For more information, or to apply, visit: http://www.lightercapital.com/

The post Lighter Capital Appoints Jeff Seely to Board of Directors appeared first on peHUB.

PRESS RELEASE

North Brunswick, NJ, May 21, 2013 –Hurel Corporation (“Hurel”), a world-leading provider of advanced artificial tissue constructs and microfluidic cell-based assay platforms, today announced the appointment of James S. MacDonald, PhD, DABT to the Company’s Board of Directors. Dr. MacDonald is the former Executive Vice President of Preclinical Development of the Schering-Plough Research Institute (“SPRI”), which was the pharmaceutical development arm of Schering Corporation prior to its acquisition by Merck & Co. in 2009.
Over a career that has spanned more than three decades, Dr. MacDonald has brought hundreds of drug candidates into development, over thirty of which have become globally registered, major drugs, including Vasotec®, Zocor®, Primaxin®, Clinoril®, Prilosec®, Fosamax®, Clarinex®, Nasonex®, Vytorin®, and Victrelis®, among others. Dr. MacDonald joined SPRI in 1994 as Senior Vice President, Drug Safety and Metabolism, and, over the next 14 years up until the time of the Merck acquisition, he played a leading role in building one of the most distinguished and effective drug development organizations in the world. As co-chairman of SPRI’s Early Development Committee, he directed the movement of drug candidates from discovery research into and through the development process. Previously Dr. MacDonald held positions of increasing responsibility at Merck, including Executive Director of Toxicology. He received his Ph.D. in toxicology in 1975 from the University of Cincinnati and completed a post-doctoral fellowship at Vanderbilt University. He became a diplomate of the American Board of Toxicology in 1980.
“Jim MacDonald’s track record of getting pharmaceuticals approved by FDA and onto the market speaks for itself,” said Robert Freedman, Hµrel’s Chairman and CEO. “Hµrel is privileged to benefit from Jim’s extraordinary wisdom and experience, both as a scientist and as a drug development executive. His guidance will be invaluable. We welcome Jim to the Board as a colleague and friend.”
About Hurel
Hurel Corporation, based in North Brunswick, NJ and Beverly Hills, CA, is a world-leading provider of advanced artificial tissue constructs and microfluidic cell-based assay platforms which are used by biotech and pharmaceutical research organizations in pre-clinical drug development, as well as in the toxicological testing of industrial materials and consumer products. The Company recentlyannounced a $9.2 million Series “A” equity private placement led by Spring Mountain Capital, of New York. Funds from the transaction will provide working capital to support the current commercial launch of the Company’s products and the continuing research and development of its technologies and future products.
# # #

The post Hurel Corp. Names MacDonald to Board appeared first on peHUB.