Category Archives: People

JMI Equity Promotes Chief Financial Officer Maggie Schmitt to Partner

JMI Equity

BALTIMORE & SAN DIEGO & WASHINGTON–(BUSINESS WIRE)–JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies, today announced that it has promoted Chief Financial Officer Maggie Schmitt to Partner. Schmitt, who is based in Baltimore, will continue to be CFO along with the new Partner designation.

“Maggie’s promotion to Partner is a reflection of the instrumental role she has played in our success over the past 14 years,” said Peter Arrowsmith, Managing General Partner at JMI. “She is a strategic thought partner on a variety of deal, fund, and firm-related initiatives. She leads a talented team of finance and accounting professionals, and my partners and I look forward to Maggie’s continued leadership and contributions.”

About Maggie Schmitt

Maggie Schmitt joined JMI in 2009 and, as the firm’s Chief Financial Officer since December 2020, oversees JMI’s accounting, finance, tax and treasury functions. Prior to joining JMI, Schmitt was an auditor in the audit and enterprise risk services practice at Deloitte & Touche. She received a B.S. in Accounting and Information Systems from the Pamplin College of Business at Virginia Tech. Schmitt is a certified public accountant and in each of the past two years has been recognized by GrowthCap as one of the Top Women Leaders in Growth Investing.

About JMI Equity

JMI Equity is a growth equity firm focused on investing in leading software companies. For over three decades, JMI has partnered with exceptional founders, entrepreneurs, and management teams at high-growth software companies to provide flexible capital, industry expertise, and operational support to build businesses of enduring value. To date, JMI has invested in over 180 software businesses in North America and Europe and completed over 115 exits. Today, the Firm’s portfolio of industry-leading cloud software companies represents $8 billion in combined revenue, $65 billion in aggregate enterprise value, and over 34,000 jobs. For more information, visit www.jmi.com.

Contacts

Abigail Ruck
H/Advisors Abernathy
abigail.ruck@h-advisors.global
212-371-5999

Categories: People

KKR Appoints Dane E. Holmes As Chief Administrative Officer

KKR

NEW YORK–(BUSINESS WIRE)– KKR today announced the appointment of Dane E. Holmes as Chief Administrative Officer (CAO), effective December 29, 2023. As CAO, he will join the firm’s leadership team and oversee and work with the existing leaders of a number of key functions, including KKR’s Human Capital, Communications, Marketing, Sustainability, and Citizenship teams.

Mr. Holmes assumes the CAO position after having been a member of KKR’s Board of Directors since March 2021. Concurrent with this appointment, Mr. Holmes is resigning from his Board position to transition into the new role.

“Having had the opportunity to work closely with Dane over the last two years, we have been continuously impressed by his ideas, business acumen and aptitude for building and leading high performing teams,” said KKR’s Co-Chief Executive Officers Joe Bae and Scott Nuttall. “We are thrilled to add him as a new member of our leadership team focused on the care and growth of our people, our organization, our brand and our impact on society.”

Mr. Holmes joins KKR from Eskalera Inc., an enterprise software company focused on employee engagement and productivity that he co-founded and has led as Chairman and CEO since 2020. Prior to Eskalera, he held several global roles at Goldman Sachs, including Global Head of Human Capital Management, Global Head of Pine Street, an in-house leadership development initiative, and Global Head of Investor Relations. He also served on numerous committees at the firm, including the Management, Partnership, Risk, Client and Business Standards, Finance, and Global Diversity committees. Mr. Holmes has served on the boards of several non-profit organizations and is the current Chairman of Storycorps and the former Chairman and current board member of The Ron Brown Scholar Program.

“Since joining KKR’s Board in 2021 and witnessing the firm’s work firsthand, I have developed a deep respect for KKR’s mission, culture, global team and differentiated business model,” Mr. Holmes said. “KKR’s growth trajectory over the last decade has been remarkable and I am honored to have even more of a front row seat on the exciting journey ahead.”

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media
Kristi Huller or Julia Kosygina, 212-230-9722
media@kkr.com

Investors
Craig Larson, 212-230-9410
Craig.Larson@kkr.com

Source: KKR

 

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Categories: People

Ardian France evolves the composition of its Executive Board

Ardian

The Supervisory Board of Ardian France met on Monday 11 December, to deliberate on the evolution of the composition of the Ardian France Executive Board.

The Supervisory Board of Ardian France has adopted the following changes:
•    Mathias Burghardt, Managing Director of ARDIAN France since July 2018, has been appointed CEO of Ardian France;
•    Marion Calcine has been appointed member of the Board of Ardian France.

These evolutions are central to the strategy of Ardian France, the Ardian Group’s largest asset management company.

From 1st January, 2024, the date on which these appointments will be effective, the Ardian France Executive Board will be composed as follows:
•    Mathias BURGHARDT, CEO;
•    François JERPHAGNON, member of the Executive Board and Managing Director;
•    Mr Thibault BASQUIN, member of the Executive Board;
•    Ms Stéphanie BENSIMON, member of the Executive Board;
•    Ms Marion CALCINE, member of the Executive Board.

Philippe POLETTI, current CEO of Ardian France, will leave the Ardian Group end of December 2023.
Philippe POLETTI joined Ardian in 1999, where he has led numerous successful deals, including Spotless Group, Icare, Cornhill France, Outremer Telecom, Larivière, Laboratoires Anios and Siaci Saint Honoré. In charge of Ardian’s Buyout activity, he was a member of Ardian’s Executive Committee from 2014 to 2023.
He leaves to pursue personal projects.

BIOGRAPHIES

MATHIAS BURGHARDT
Mathias Burghardt is Executive Vice-President of Ardian Holding, CEO of Ardian France, Vice-Chairman of the Executive Committee and the Operations Committee and Head of Infrastructure. He also oversees NAV Financing, Brand & Communication, Funds Tax, IT, Purchasing and Facilities.

Mathias Burghardt joined Ardian in 2007. He started his career in 1989 with Crédit Lyonnais in Media Telecom before heading HSBC Advisory and Project Financing in France. He has developed extensive relationships with international infrastructure industrials and financial sponsors, public authorities and regulators. He is a graduate of ESCP Europe.

FRANÇOIS JERPHAGNON
François Jerphagnon is a member of Ardian’s Executive Committee, Managing Director of Ardian France and Head of Expansion.

Before joining Ardian in 2001, François Jerphagnon had been with Macif since 1996, where he progressively became Head of asset allocation and stock management. He began his career in 1994 at Caisse des Dépôts et Consignations. He is a graduate of Paris Dauphine University and ENSAE CESS in Finance, and holds a Master’s degree in Economics.

THIBAULT BASQUIN
Thibault Basquin is a member of Ardian’s Executive Committee, Executive Board member of Ardian US LLC, Executive Board member of Ardian France and Co-Head of Buyout.

He joined Ardian in 2001 and has notably developed significant expertise in the Food Value Chain and Healthcare. In 2018, he moved to New York to develop the Buyout activity. In 2010, he contributed strongly to the launch of the Ardian Foundation. He began his career in 2000 at Arthur Andersen as an auditor. He graduated from ESCP Europe in Paris with a master’s degree in Finance. He is based in New York since 2018.

STÉPHANIE BENSIMON
Stéphanie Bensimon is a member of Ardian’s Executive Committee, Executive Board member of Ardian France and Head of Real Estate.

Stéphanie Bensimon joined Ardian in 2016 with over 17 years’ experience, most recently at Invesco Real Estate, where spent five years and was Head of Transactions in France, Belgium and Southern Europe from 2011. Prior to that, she held roles at Carval Investors, part of the Cargill Group, and GE Real Estate Group in Paris. She is a graduate of Université Paris IX Dauphine.

MARION CALCINE
Marion Calcine is Chief Investment Officer for the Infrastructure team, Executive Board member of Ardian France and member of Ardian’s Operations Committee.

She joined Ardian in 2007 and as CIO, she oversees the Infrastructure team’s investment processes and the construction of portfolios managed by Ardian Infrastructure. She is a graduate of the Ecole Nationale de la Statistique et de l’Administration Economique with a master’s degree Mathematics and Statistics and qualified actuary.

ABOUT ARDIAN

Ardian is one of the world’s leading private equity firms, with $156 billion in assets under management or advisory for over 1,470 clients worldwide. With our Private Equity, Real Assets and Credit expertise, we offer our clients a wide choice of investment opportunities, and are able to respond to their needs with the agility that characterizes us. Ardian Customized Solutions builds bespoke investment portfolios, develops a specific investment strategy tailored to the client’s needs, and provides access to funds managed by leading partners. Private Wealth Solutions offers dedicated services and access solutions for private banks, wealth managers and institutional private investors worldwide. With Ardian’s employees representing a majority shareholding, Ardian attaches particular importance to the development of its talents and values a collaborative culture based on collective intelligence. Spread across 19 offices in Europe, the Americas, Asia and the Middle East, our 1,050 employees are fully committed to generating superior returns through responsible investment strategies and in compliance with the highest ethical and social responsibility standards. At Ardian, we are fully committed to building sustainable businesses.

ardian.com

PRESS CONTACT

ARDIAN

HEADLAND

ardian@headlandconsultancy.com 

Categories: People

Christian Cederholm new President and CEO of Investor in May 2024

Investor

Investor’s Board of Directors has appointed Christian Cederholm as new President and CEO, effective from the Annual General Meeting (AGM) 7 May 2024. He will succeed Johan Forssell who will transition into a consultancy role, as industrial advisor focusing on industrial companies and board work. Johan Forssell will also resign from Investor’s Board of Directors at the AGM.

Christian Cederholm comes from a role as Head of Patricia Industries and has been employed by Investor since 2001. He holds a M.Sc. in Economics and Business Administration from Stockholm School of Economics and lives in Stockholm with his family. Christian is currently a board member at Hi3G Scandinavia and Mölnlycke.

“Investor’s Board of Directors and I are very pleased that Christian Cederholm has accepted the role of leading Investor and that Johan Forssell will continue to contribute with his extensive competence to create long-term value for Investor’s shareholders. We believe Christian has the right background, drive and determination to take Investor forward. He also possesses great investment skills and a profound interest in future-proofing Investor and our companies”, Jacob Wallenberg, Chair of the Board at Investor says.

“I am grateful for the confidence of the Board and feel excited about this opportunity. Having spent many years in the organization I have gained some understanding of what the assignment entails, and it is hard to find a more energizing and inspiring role. I really look forward to working together with our great team on developing and positioning Investor and its portfolio companies in the years to come”, Christian Cederholm says.

This information is information that Investor AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 4 December 2023.

Downloads

Our press releases can be accessed at www.investorab.com

Investor AB, founded by the Wallenberg family in 1916, creates value for people and society by building strong and sustainable companies. Through substantial ownership and board participation, we drive initiatives that we believe create value and support our companies to remain or become best-in-class. Our portfolio is organized in three business areas: Listed Companies, Patricia Industries and Investments in EQT.

For further information:

Jacob Lund, Chief Communications & Sustainability Officer
Phone +46 725 60 21 57
jacob.lund@investorab.com

Magnus Dalhammar, Head of Investor Relations
Phone +46 73 524 2130
magnus.dalhammar@investorab.com

Categories: People

Raymonde Wagemaker appointed as CEO Dieseko Group BV

NPM Capital

The Supervisory Board of Dieseko Group BV announces the appointment of Raymonde Wagemaker as Executive Chairman/CEO of Dieseko Group B.V. as of 01 December 2023.

 

As the new Chairman/CEO, Raymonde will implement the initiated strategy in consultation with customers, management and employees of Dieseko Group BV and its operating companies. The aim is and will remain to continue the growth of Dieseko and to further develop the company as a world leader in high quality and innovative foundation technology.

 

Raymonde studied mechanical engineering followed by studies in Canada and the UK and has worked for companies such as Mourik as President of the Industry Division and Imtech Industry as Managing Director Oil & Gas.

Jan Bruggenthijs will step down as CEO of Dieseko Group a.i. as of 1 December 2023 and return to the Supervisory Board. On behalf of the shareholders, the Supervisory Board would like to thank Jan for the way in which he has temporarily taken over and performed the role of CEO.

Categories: People

KKR Announces New Partners And Managing Directors

KKR

NEW YORK–(BUSINESS WIRE)– KKR today announced a newly promoted group of 8 Partners and 33 Managing Directors, effective January 1, 2024.

“For nearly five decades, KKR has been fortifying companies and delivering for our investors. As the firm has evolved, our people and our culture have remained core to our commitment to excellence. Today, we are proud to celebrate those who have been promoted to the most senior levels of our firm as they exemplify our deeply held values, and our dedication to supporting our clients and portfolio companies. Congratulations to the new Partners and Managing Directors on this big career milestone,” said Joe Bae and Scott Nuttall, Co-Chief Executive Officers of KKR.

The following individuals have been promoted to Partner at KKR:

  • Anne Arlinghaus – Capstone, New York
  • James Gordon – Infrastructure, London
  • Franziska Kayser – Private Equity, London
  • Varun Khanna – Credit & Markets, London
  • Keith Kim – Infrastructure, Seoul
  • Prashant Kumar – Private Equity, Singapore
  • George Mueller – Credit & Markets, New York
  • Kugan Sathiyanandarajah – Health Care Strategic Growth, London

The following individuals have been promoted to Managing Director at KKR:

  • Mohamed Attar – Global Client Solutions, Dubai
  • Jonathan Bersch – Corporate Services and Real Estate, New York
  • Rami Bibi – Global Impact, London
  • Ben Brudney – Real Estate Equity, New York
  • Zac Burke – Global Macro, Balance Sheet & Risk, New York
  • Daniele Candela – Credit & Markets, London
  • Myles Carey – Credit & Markets, Dublin
  • Ant Drewery – Technology, Engineering and Data, London
  • Ozzie Espinoza – Credit & Markets, New York
  • Todd Falk – Global Finance, Houston
  • Marco Fontana – Infrastructure, London
  • Jin Fu – Credit & Markets, New York
  • Andrew Furze – Infrastructure, London
  • Megan Gaul – Global Finance, New York
  • Anirban Ghosh – Credit & Markets, London
  • Andrew Jennings – Infrastructure, Sydney
  • Brett Kelly – Real Estate Equity, New York
  • Gene Kolodin – Credit & Markets, New York
  • Saul Kopelowitz – Private Equity, New York
  • Kensuke Kudo – Real Estate Equity, Tokyo
  • Kathleen Lawler – Infrastructure, New York
  • Georg Machinist – Global Client Solutions, New York
  • Shreya Malik – Infrastructure, London
  • Dima Mostovoy – Credit & Markets, San Francisco
  • Masaki Nakamura – Private Equity, Tokyo
  • Rory O’Farrell – Global Client Solutions, Dublin
  • Jordie Olivella – Global Client Solutions, Miami
  • Hagen Raab – Global Client Solutions, London
  • Clay Rynd – Energy Real Assets, Houston
  • Adam Simon – Real Estate Credit, New York
  • Suveer Sinha – Capstone, Mumbai
  • Rohan Suri – Private Equity, Mumbai
  • Paul Workman – Infrastructure, Menlo Park

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

Media:
Liidia Liuksila
(212) 750-8300
media@kkr.com

Source: KKR

 

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Categories: People

Perforce Software appoints Technology Veteran Jim Cassens as new Chief Executive Officer

Clearlake

Succeeds Retiring CEO Mark Ties, who will Serve as Executive Chair of the Company’s Board

 

MINNEAPOLIS, MN, NOVEMBER 7, 2023 — Perforce Software (“Perforce” or “the Company”), a leader in DevOps at scale, announced today the appointment of technology veteran Jim Cassens as its new Chief Executive Officer, effective January 1, 2024. Mr. Cassens will succeed current CEO Mark Ties, who will retire from his position and serve as the Company’s Executive Chair of the Board. Perforce is backed by Francisco Partners and Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”).

 

Mr. Cassens brings over three decades of experience scaling software organizations through organic and acquisition-oriented growth, with an employee and customer-centric management approach. Prior to joining Perforce, he was the President of Fortra, a cybersecurity and automation software provider with over 2,800 employees and over 35,000 customers. During his career at Fortra, he also held the roles of EVP of M&A, where he helped grow Fortra’s portfolio of solutions through acquisitions, and Managing Director of International Business, where he was responsible for spearheading organic growth outside of the United States. Prior to Fortra, Mr. Cassens was the Director of Information Technology at Electrolux.

 

“I believe Jim is a great addition to the leadership team of Perforce,” said Evan Daar, Partner at Francisco Partners. “His experience in scaling a high growth organic and acquisition-oriented business in a dynamic market will be a benefit to the Company as it continues to execute on its growth strategy.”

 

“As CEO, I look forward to building upon Perforce’s track record and the foundation Mark has created,” said Mr. Cassens. “Perforce’s position today in the DevOps market, the culture and caliber of its team, and the depth of its customer relationships, give me confidence that the Company will continue to execute its long-term growth strategy. I am committed to furthering our mission to our customers while continuing to foster the core values that make Perforce such a great place to work for our global team.”

 

Mr. Ties has been with Perforce since 2016 and has served as CEO since 2018. Over his career at Perforce, he and his team have evolved Perforce from a $50 million, single product company with 200 employees, to what is now a multi-product, DevOps technology provider with over 1,500 employees serving 18,000 customers worldwide.

 

“I couldn’t be prouder of the team at Perforce and what we’ve been able to accomplish over the last eight years,” said Mr. Ties. “As the Company looked for its next leader, Jim’s record and growth-focused leadership style made him a great fit to partner with the team at Perforce, and I believe he’s the right person to take Perforce to the next level. He shares my commitment to our long-term growth, customers, and core values.”

 

“Mark’s unrelenting passion for the Perforce culture and his dedication to supporting employees, customers, and partners have been key in the Company’s success to date,” said Prashant Mehrotra, Partner at Clearlake. “We thank him for his efforts, and we look forward to partnering with Mark, Jim, and the Perforce management team as the Company continues to accelerate growth and capitalize on the market tailwinds driving demand for DevOps solutions across the software development and IT operations lifecycle.”

 

About Perforce

Perforce powers innovation at scale. Perforce DevOps solutions future-proof competitive advantage by driving quality, security, compliance, collaboration, and speed – across the technology lifecycle. We bring domain and vertical expertise to every customer, so nothing stands in the way of success. Our global footprint spans more than 80 countries and includes over 75% of the Fortune 100. Perforce is trusted by the world’s leading brands to deliver solutions to even the toughest challenges. Accelerate technology delivery, with no shortcuts. Get the Power of Perforce.

 

About Francisco Partners

Francisco Partners is a leading global investment firm that specializes in partnering with technology and technology-enabled businesses. Since its launch over 20 years ago, Francisco Partners has invested in more than 400 technology companies, making it one of the most active and longstanding investors in the technology industry. With approximately $45 billion in capital raised to date, the firm invests in opportunities where its deep sectoral knowledge and operational expertise can help companies realize their full potential. For more information on Francisco Partners, please visit www.franciscopartners.com.

 

About Clearlake Capital Group

Clearlake Capital Group, L.P. (“Clearlake”) is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with management teams by providing patient, long-term capital to businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK and Dublin, Ireland. More information is available at www.clearlake.com.

 

Media Contacts

 

PERFORCE U.S.

Grace Bonacum
PAN Communications
Ph: +1 617 502 4300
perforce@pancomm.com

 

PERFORCE UK/EMEA

Maxine Ambrose
Ambrose Communications
Ph: +44 118 328 0180
perforcepr@ambrosecomms.com

Categories: People

Sascha Günther to Join General Atlantic as Managing Director and Head of DACH

General Atlantic

Jörn Nikolay to transition to Advisory Director

Munich – November 6, 2023 – General Atlantic, a leading global investor, today announced strategic leadership changes in the German-speaking DACH region. The firm has appointed Sascha Günther as Managing Director and Head of DACH, effective January 1, 2024. Mr. Günther will be based out of the firm’s Munich office. Jörn Nikolay, who joined General Atlantic in 2008 and has served as Head of DACH since 2012, will transition into an Advisory Director role at the end of the year.

Mr. Günther joins General Atlantic after more than five years at Oakley Capital. He played a pivotal role in the firm’s Munich office, where he most recently served as a Partner leading deal origination and execution and investment advisory in the German-speaking region, with a focus on the technology and consumer industries. Prior to joining Oakley Capital in 2018, Mr. Günther led M&A transactions at ProSiebenSat.1 and oversaw multiple investments in the technology, media, and consumer space. He has also worked at management consulting firm Oliver Wyman. He received a BSc in Electrical Engineering and Information Technology from the Technical University of Munich and an MBA from London Business School.

“The DACH region holds strategic significance within General Atlantic’s global investment portfolio. Since we began investing in the region in 1995, we have maintained our conviction in its unique entrepreneurial ecosystem and culture of innovation,” said Bill Ford, Chairman and CEO of General Atlantic. “We welcome Sascha and look forward to working closely together as we continue to grow our partnerships with leading companies across DACH. We also thank Jörn for his leadership during his tenure, and we will continue to draw on his perspectives in his new advisory role.”

Gabriel Caillaux, Co-President, Managing Director, and Head of Climate and EMEA at General Atlantic, continued, “We are immensely proud of the success we’ve achieved in the DACH region over nearly three decades. As we focus on capturing an ever-growing opportunity set in the market, we are confident Sascha’s local investment expertise will both support our existing management teams and enable us to build on our momentum.”

“There are many attractive opportunities to apply General Atlantic’s global resources and operational expertise across multiple sectors of the local economy. I am pleased to join the firm to contribute to its longstanding history of partnering with innovative businesses in DACH and globally,” Mr. Günther commented.

After a 16-year tenure at General Atlantic, including more than a decade as Managing Director and Head of DACH, Jörn Nikolay will transition into a new role as Advisory Director. In this capacity, Mr. Nikolay will remain actively involved with the firm, providing strategic counsel to DACH investment teams and portfolio companies.

“We are deeply grateful to Jörn for his invaluable contributions to our success in DACH and look forward to a seamless transition within our Munich office,” added Mr. Caillaux.

Key members of General Atlantic’s DACH team also include Vice Presidents Christian Osterland and Christopher Apfel, who play critical roles in leading regional investments and providing operational support to portfolio companies. General Atlantic’s DACH portfolio spans 12 leading companies in the Technology, Financial Services, Life Sciences, and Climate sectors. The firm has invested more than $14 billion across the broader EMEA region, making its first investment in Germany in 1995 and opening its Munich office in 2012.

About General Atlantic

General Atlantic is a leading global investor with more than four decades of experience providing capital and strategic support for over 500 growth companies throughout its history. Established in 1980 to partner with visionary entrepreneurs and deliver lasting impact, the firm combines a collaborative global approach, sector specific expertise, a long-term investment horizon and a deep understanding of growth drivers to partner with great entrepreneurs and management teams to scale innovative businesses around the world. General Atlantic has more than $77 billion in assets under management inclusive of all products as of September 30, 2023, and more than 220 investment professionals based in New York, Amsterdam, Beijing, Hong Kong, Jakarta, London, Mexico City, Miami, Mumbai, Munich, San Francisco, São Paulo, Shanghai, Singapore, Stamford and Tel Aviv. For more information on General Atlantic, please visit: www.generalatlantic.com.

Media Contacts

Emily Japlon
media@generalatlantic.com

Susanne Jahreiss
susanne@jahrreiss.com

Categories: People

Clearlake Capital-backed Srpings Window Fashions names industry veteran Jason Bingham as President and Ceo

Clearlake

Bingham to build on Springs’ mission to drive growth and innovation in window treatments and related connected home technologies

 

Middleton, WI, and Santa Monica, CA – November 2, 2023 – Springs Window Fashions (“Springs” or the “Company”), a global provider of custom window treatments and connected home technologies backed by Clearlake Capital Group, L.P. (together with its affiliates, “Clearlake”), today announced that Trane Technologies (NYSE: TT) executive and building products veteran Jason Bingham has been named President and Chief Executive Officer (“CEO”). He succeeds former President and CEO Eric Jungbluth, who announced his retirement and who will continue to serve on the Company’s Board of Directors as an advisor to Clearlake and Springs.

 

With over 30 years of leadership experience in the residential and commercial building products categories, Mr. Bingham was most recently President of the Residential HVAC & Supply business for Trane Technologies. During his tenure, Mr. Bingham took on progressively more significant leadership responsibilities, including Strategy Leader for Trane North America and Vice President of Digital and Energy Services for the commercial business in North America and Europe.

 

“Jason is a leader with a track record of success and an ability to drive growth and innovation,” said José E. Feliciano, Co-Founder and Managing Partner, and Colin Leonard, Partner, at Clearlake. “Springs has continued to execute on Clearlake’s O.P.S.® playbook, growing both organically and through M&A, and we look forward to partnering with Jason to drive continued expansion of the business.”

 

“I believe Eric and the Springs team have delivered a great customer experience while building this business, and Clearlake’s operational knowledge, network and resources will continue to support Springs as it enters its next phase of growth. It is exciting for me to work together with both of these teams,” said Mr. Bingham.

 

“We are delighted to welcome Jason to the Clearlake family, and want to thank Eric for his dedication and service to Springs. We wish Eric the best in his decision to retire and look forward to his continued contributions to our future success as a member of the Board,” said Nate Mejías, Principal at Clearlake.

 

“I am proud of the global platform we have built with people that I believe are some of the best employees in the industry,” said Mr. Jungbluth. “Springs is just getting started in its growth trajectory, and I am excited to watch Jason pioneer new growth vectors and innovative solutions to expand our core business lines.”

 

ABOUT SPRINGS WINDOW FASHIONS

Springs Window Fashions, the Best Experience Company, is a leading global supplier of blinds, shades, specialty treatments and window hardware. Its Bali®, Graber®, Horizons®, SWFcontract™, Mecho™, Mariak™, SunSetter™, and Sunburst® brands are sold through retailers, dealers and distributors within North America.  In Europe, the company manufactures and sells products through its B&C International division. Based in Middleton, WI, Springs has facilities worldwide and employs more than 9,000 associates. For more information, visit www.springswindowfashions.com.

 

ABOUT CLEARLAKE

Clearlake Capital Group, L.P. is an investment firm founded in 2006 operating integrated businesses across private equity, credit, and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology, and consumer. Clearlake currently has over $70 billion of assets under management, and its senior investment principals have led or co-led over 400 investments. The firm is headquartered in Santa Monica, CA with affiliates in Dallas, TX, London, UK, Dublin, Ireland and Singapore. More information is available at www.clearlake.com and on Twitter @Clearlake.

Media Contacts
For Springs Window Fashions:

Mower

Jenna Bush

212.284.9936

jbush@mower.com

 

Alison Boghosian

860.922.3887

aboghosian@mower.com

 

For Clearlake:

Lambert

Jennifer Hurson

845.507.0571

jhurson@lambert.com

Categories: People

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Johan Lilliehöök appointed new CEO of Nordstjernan

Nordstjernan

The Board of Directors of Nordstjernan AB has appointed Johan Lilliehöök as the new CEO of Nordstjernan. Johan Lilliehöök, 41, is currently Managing Director, Investments at A.P. Moller Holding – a foundation-owned investment business and the parent company of A.P. Moller Group. Johan Lilliehöök has previously worked as Managing Director in Private Equity at asset manager Blackstone, based in London and Hong Kong. The current CEO Peter Hofvenstam will continue in his role until the new CEO takes office in the first quarter of 2024. Thereafter, Peter Hofvenstam will continue to work at Nordstjernan, serving as senior advisor.

 

“I am immensely proud of this vote of confidence by the Board, and am very much looking forward to meeting and getting to known all of the employees and companies in the Group. Nordstjernan commands a unique position with its illustrious history and greater purpose combined with its ownership structure that ensures long-term and flexible capital. I see many opportunities to continue the renewal of Nordstjernan, both as an investment organization and as an owner, as well as to develop Nordstjernan both in existing and in new environments,” says Johan Lilliehöök.

 

“I am delighted that we have been able to attract and bring in an investor like Johan Lilliehöök with his international experience. In recent years, Johan has worked with creating value and long-term ownership in a foundation-owned business, which means that he can see and leverage the strengths in this form of ownership. Together with our employees, he will build on, develop and renew Nordstjernan’s operations, with an unwavering focus on high-quality companies. The entire Board and I welcome Johan and we look forward to working together with him,” says Viveca Ax:son Johnson, Chairman of Nordstjernan.

 

Outgoing CEO Peter Hofvenstam will continue to work at and for Nordstjernan as senior advisor.

 

“I would like to thank Peter Hofvenstam who has worked at Nordstjernan for 25 years, and served as CEO since 2019. Peter has done a fantastic job at leading and developing our operations over these years which have included a pandemic and both geopolitical and macroeconomic turbulence. I am very grateful that Peter will continue to support Nordstjernan in working with our holdings,” says Viveca Ax:son Johnson.

 

 

 

Media contact:

Kajsa Andersson, Communications Manager, Nordstjernan, +46 76 148 82 84

 

About Nordstjernan:
Two foundations own Nordstjernan, of which the largest owner representing 85% of the capital is the Axel and Margaret Ax:son Johnson Foundation for Public Benefit that supports research and education. For more than 130 years, Nordstjernan has owned and developed hundreds of companies under the hallmarks of long-term perseverance, continuity and change. Thanks to our owner foundations, our capital is perpetual. Based on business as a positive force in society, we help develop Sweden. Today, Nordstjernan has investments in more than 20 companies that generate total sales of about SEK 130 billion and employ more than 50,000 people.

Categories: People