IVCA Newsletter December 10, 2020

IVCA Newsletter

 

December 10, 2020

Association News

IVCA Feature: Techstars Chicago Announce Their Latest Class of Founders and Demo Day Date

Sign up today! Battle stories of Diligence and Investing in the COVID era – an IVCA Zoomcast

IVCA hosted Virtual Awards Event on December 7th


Legislative News

IVCA Provides Updates for State Legislative Issues - 12.9.2020


IVCA Events

December 11, 2020 - IVCA Webcast: Battle stories of Investing and Diligence in the COVID era


Other Events of Interest - If you are interested in any of these events, please check their websites as they may have been cancelled or postponed.

None listed at this time

Industry News

First Analysis portfolio company Apixio acquired by Centene

ILPA ANNOUNCES FOUNDING SIGNATORIES TO NEW DIVERSITY IN ACTION INITIATIVE

The Vistria Group Invests in Edmentum

WP Global Partners Invests in GSM Outdoors

PaperTech, A Leading Provider of Sustainable Food Packaging Products, Acquired by May River Capital

Prospect Partners Announces Recapitalization of ProClip USA, LLC

Locke Lord Represents Race Rock Group in Acquisition of Structural and Steel Products from Highland Capital Management

Ropes & Gray Represents Maverick Capital in the Sale of FreshDirect to Ahold Delhaize and Centerbridge Partners

Monroe Capital Supports Gryphon Investors’ Investment in 3Cloud, LLC

Baird Capital Invests in HSP Group

Raging at the pandemic, a VC raises $800M for a company that aims to transform biotech manufacturing

Flexera Agrees to Sell a Majority Interest to Thoma Bravo

Locke Lord Represents Seller of Falk Marques Group in Sale of Conference and Events Business

Ropes & Gray Advises Audax Private Equity in its Investment in 48forty Solutions

Duchossois Capital Management Portfolio Company Rensa Filtration Announces Acquisition of Air Filters, Inc.

Growth Catalyst Partners-Funded Government Executive Media Group Acquires The Atlas for Cities

Pritzker Private Capital-Backed ProAmpac Acquires Rosenbloom Groupe Inc., Hymopack Ltd. and Dyne-A-Pak

Frontenac-Backed TPC Training Acquires eFoodHandlers, Expanding on the Delivery of Compliance-Driven eLearning and Certification Services

Troy Henikoff listed in Crain's Tech 50

WP Global Partners Hires Associate - Dec. 3

VPC Thought Leadership – Partner Perspectives

Ropes & Gray Represents Envision Pharma Group in its Acquisition of Two Labs


Job Postings

Please view the Job Postings listed below on our website here. Once at Job Postings please scroll down the pages to view the jobs. They are listed chronologically as received, most current first.

 

Benford Capital Partners - Private Equity Vice President

Employer:           Benford Capital Partners
Location:             Chicago
Start Date:          Summer 2021 or sooner
Opportunity
Benford Capital Partners, LLC ("BCP") is seeking a Vice President for a Summer 2021 start date; BCP will also consider candidates that are available immediately.  The candidate will source and evaluate new investment opportunities, take a leadership role in and proactively manage the due diligence process on new investments, and take a significant role in managing the long-term value creation and eventual exit plans for investments.  The candidate will work closely with BCP’s managing directors and with management teams of portfolio companies, while working in an entrepreneurial environment.
Benford Capital Partners, LLC (www.benfordcapital.com) is a Chicago-based private investment firm focused on buying and building lower middle market businesses over the long-term in partnership with management. Since its inception in November 2004, BCP has acquired twenty companies, and currently owns ten platform companies.  BCP is currently investing out of its $130 million Fund I.
Job Responsibilities:
  • Working as a key member of the investment team to evaluate and execute investments, including managing the diligence processes, and taking an active role in financing and legal negotiations and transaction closings
  • Preparation of term sheets, letters of intent and internal BCP investment committee memorandums
  • Marketing the firm to both internal and external constituents, including attending relevant trade shows and industry networking
  • Leading associates to manage the firm’s CRM-based deal pipeline
  • Sourcing investments in BCP’s sectors of focus based on direction from Managing Directors; activities will include leading direct outreach campaigns and managing buyside intermediaries
  • Working closely with portfolio company Boards of Directors and management teams to oversee company performance, implement strategic growth initiatives, and execute operational improvements
  • Assisting operations/admin team with quarterly and annual portfolio financial and valuation summaries, as well as Fund I annual meeting preparation
  • Traveling for potential new investments and existing portfolio company Board meetings and projects as needed
Qualifications
  • 6+ years of experience in private equity, leveraged finance, and/or investment banking
  • An MBA is preferred but not required
Contact:
If interested, please email your cover letter and resume to [email protected] and reference “Vice President position” in the subject line. 

 

Zebra Ventures - Corporate Development Senior Analyst

Zebra Ventures is responsible for accelerating sustainable bottom line growth for Zebra through investments in new technologies, new businesses and new talent. The high-impact team makes investments in high tech start-ups that are relevant to our various businesses.
The Senior Analyst will be involved in all aspects of corporate venture capital investing including deal sourcing, evaluation, execution, and management. Additionally, responsibilities include landscape research, theme development, company prospecting, term sheet drafting, financial modeling, due diligence, negotiation, and preparation of investment committee materials.

SSM Partners - Associate

SSM Is Hiring An Associate and Looking For Resumes
 
SSM is hiring an Associate to join our investment team and we would appreciate any referrals from friends of the firm. At a high level, we’re looking for candidates with 1-4 years of relevant experience (i.e., investment banking, accounting, finance, management consulting).
 
SSM Partners (“SSM”) is seeking to add a junior member to its investment team as an Associate. The position will be based in Memphis and is a two- to three-year commitment with a targeted start date in January 2021.
 
SSM invests in rapidly-growing software, services, and healthcare companies across North America. The growth equity firm has partnered with talented entrepreneurs for more than 20 years and, starting with a relationship built on trust, offers its entrepreneur-partners a thorough understanding of the growth company lifecycle and a collaborative approach to building great businesses. SSM makes minority and majority equity investments of $8 to $30 million per opportunity and is investing out of a $150 million fund.
 
SSM is a tight-knit, scrappy team. The Associate will be given autonomy across all aspects of the firm’s activities and investment process — sourcing, diligence, execution, portfolio management, and investor relations – working closely with CEOs, management teams, industry leaders, and senior investment professionals at SSM.
 
The ideal candidate will be highly motivated, entrepreneurially-minded, and have an interest in software/healthcare with the following qualifications:
 
  • One to four years relevant experience (i.e. investment banking, Big 4 or super-regional accounting, management consulting, etc.)
  • Bachelor’s degree with excellent academic achievement
  • Strong analytical skills and proficiency in Microsoft Excel and PowerPoint
  • Demonstrated extracurricular attainment (athletics, military, arts, nonprofits, etc.)
  • Ability to prioritize responsibilities as part of a lean team managing multiple workstreams in a relatively unstructured environment.
 
Further information about SSM can be found at www.ssmpartners.com. Resumes, referrals, or requests for additional information can be sent to [email protected].

 


Not for Profit BOD Positions

Not for Profit Seeks New Board Members

IMD Guest House Mission & Description

IMD Guest House builds community and healing by providing comfortable, affordable accommodation for patients and their families throughout their treatment

·         47 fully furnished apartments, located at corner of Polk & Damen

·         The only organization in the Chicago area that supports patients of any age, receiving out-patient or inpatient treatment

·         About 50% of our service supports low-income families, and we never turn families away for lack of funds

·         Length of stay is determined by medical referral, no pre-sent limits

·         Key patient populations: Cancer patients, organ transplant patients, parents of neonatal ICU patients, veterans receiving treatment for PTSD, and more

·         In 2018, we supported 706 patients and provides 12,306 nights of service.

·         Annual Budget $1.7 million

Website: www.imdguesthouse.org

Current Board:  Professionals in banking and financial services, real estate development, attorneys, healthcare and other businesses

Board Responsibilities

·         Serve as an ambassador for IMD Guest House who understands and interprets its work to the community.

·         Attend regularly 5-6 scheduled Board meetings per year, in person or via telephone. 

·         Participate actively in at least one board standing committee, attend its meetings, lend judgment to its deliberations and be active in its work.

·         Make a generous personal financial contribution ($250 Minimum) annually, each according to his/her own means, and will be responsible for giving or getting $750 annually. 

·         Participate in at least one of the fund raising activities organized by the development department each year.

·         Prepare for each Board meeting by studying all appropriate reports and being prepared to discuss current activities of committees to which they are assigned.

·         Assist in recruiting prospective new volunteers, Board members and agency supporters in the community.

 


 

Victory Gardens Theater - see Trustee Roles and Responsibilities here.

 


 

 

Illinois Venture Capital Association
Please mail all correspondence to: 27 N. Wacker Drive, #405, Chicago, IL 60606
312-241-1618