Iris Dorbian
Janney Capital Markets said on Wednesday that it has named Paul Knight as managing director and senior analyst for the life sciences technology sector. Also, Janney has hired Michael Gorman as director and senior analyst covering the REIT sector and Michael Guyre as director and senior analyst of forensic accounting. Janney Capital Markets is a division of Janney Montgomery Scott, a Philadelphia-based financial services firm.
AGC Aerospace & Defense said on Wednesday that it has named Steve Smith as president of Europe, Middle East and Asia for its subsidiary AGC Composites & Aerostructures. Prior to joining AGC, Smith was the vice president of procurement for GKN Aerospace. A producer of aircraft components, AGC Composites & Aerostructures is jointly owned by The Edgewater Funds and Acorn Growth Companies.
BenefitMall said on Wednesday that it has named Steve Cohen as its new senior vice president of payroll sales. Prior to joining BenefitMall, Cohen served as vice president of saels for WhiteGlove Health. Headquartered in Dallas, Texas, BenefitMall, which is backed by Austin Ventures, is a provider of employee benefit and payroll services.
Highbridge Principal Strategies and Related Companies said on Wednesday that they have teamed up to launch a joint venture. Both companies will invest $800 million in real estate projects in transition across the United States. Highbridge is a global credit and private investment firm; Related is a real estate development and investment firm.
Tatilsepeti.com said on Wednesday that it has received an investment from London-based Bancroft Private Equity. No financial terms were disclosed. Ventura Partners served as financial advisor for the transaction. Also, the founding partners at Tatilsepeti.com will continue in their roles. Tatilsepeti.com is a tourism site focused on travel in Turkey.
Soligenix has closed its IPO at $7.1 million at 6,773,995 shares. Investors include Third Security as well as members of Soligenix's management and board. Maxim Group LLC was the lead placement agent for the offering while Griffin Securities served as a sub-agent. Headquartered in Princeton, NJ, Soligenix is a clinical stage biopharmaceutical company.
Wilson Electronics said on Wednesday that it has been acquired by Sorenson Capital. Solamere Capital was a minor co-investor. No financial terms were disclosed. Also, Sorenson Capital Managing Directors Fraser Bullock and Tim Layton join Wilson Electronics’ board of directors. Based in St. George, Utah, Wilson Electronics is a provider of wireless communication services.
Okta said on Tuesday that it has named Bill Losch as CFO, effective immediately. Prior to joining Okta, Losch was CFO at MobiTV, Inc. Backed by Andreessen Horowitz, Greylock Partners, Khosla Ventures and Sequoia Capital, the San Francisco-based Okta is a provider of cloud solutions.
Smashburger said on Tuesday that it has received $35 million from Golub Capital. According to Smashburger, the financing will be used for growth and expansion. Headquartered in Denver, Colorado, Smashburger, which was seeded by Consumer Capital Partners, is a restaurant chain.
James Briggs said on Tuesday that it has been acquired by its management team in a transaction backed by Endless LLP. No financial terms were disclosed. Also, Jim Sumner joins James Briggs as executive chairman. Based in the UK, James Briggs is a provider of aerosols and specialty chemicals.