HGGC published news about two promotions and six team additions after the period where they’ve been the most active last year that included 16 add-on transactions, seven platform investments and five liquidity events.
This top middle-market private equity company expanded its execution and sourcing abilities across the company with the following additions:
Dan Stanko as an investment Principal for HGGC
Bennett Nussbaum as an Executive Director with an extensive background in operating
“We are delighted to reveal these and other team additions as well a few well-earned promotions for Matt Roesch and Bill Conrad,” Rich Lawson, HGGC Co-Founder and Chief Executive Officer mentioned. “While we keep expanding, it’s critical that we both recognize when our homegrown talent is prospering and bring fresh members to the team with outstanding backgrounds and precious expertise. We could not be more thrilled to reveal these expansions to the team as we keep up our strong stride.”
Dan Stanko held a position as Principal at Bain Capital Private Equity previously. He was accountable for evaluating, sourcing, executing and moving value creation over established and new investments. Dan devoted almost an entire decade at Bain and concentrated on investments in a couple of primary verticals— TMT and Industrials.
Dan was one of the main contributors to the acquisitions of Viewpoint Construction Software, Bob’s Discount Furniture, Big Tex Trailers, American Trailer Works and Blue Coat Systems. Dan worked as an Analyst at Goldman, Sachs & Co’s Private Equity Group before working at Bain.
Chad Clawson served in the Operations Group at American Capital as Principal before coming to HGGC. He worked in C-suite roles at firms including Paradigm Precision, Global Conference Partners and Service Experts as his most recent position.
Bennett Nussbaum has decades of experience in executive leadership roles from well-known international companies including Kinko’s, Burger King, Billabong, Winn-Dixie Stores, PepsiCo and American Apparel. He dedicated 25 years at Pepsi-Cola International and developed into SVP and Chief Financial Officer for the company before moving into his position as SVP – International Operations Development with the same unit of business.
Doe Deere, the founder of the cruelty-free cosmetics company, LimeCrime believes the future of the U.S. will be shaped by many Americans who were not born in the country but moved from their birth nation. Deere herself is an immigrant who moved to the U.S. as a 17-year-old in 1998 from her home city of Izhevsk, Russia to seek out a better life. Deere is at pains to point out the success she and her family has achieved in the U.S. can be credited to the assistance received by experienced U.S. citizens.
The entrepreneur now sits at the head of two successful companies, the vegan cosmetics brand, LimeCrime, and the Poppy Angeloff jewelry line employing over 30 people. Despite the success she has achieved in her chosen retail sector, Doe Deere is quick to explain the problems and difficulties her family struggled with when they first arrived in the U.S. Doe Deere believes the faith shown in her family by social workers and members of theSanctuary for Families charity who believed they could achieve great things.
Faith in the belief in the people arriving in the U.S in the coming days, weeks, and years is something Doe Deere believes strongly in because of her own amazing story. Although her family was headed by an accountant who had achieved success in Russia, problems verifying her mother’s qualifications meant the job she planned to take was out of reach upon the family’s arrival in 1998. Despite working any job available, the family found themselves destitute and homeless without the ability to keep their home or feed themselves.
It was at their lowest point that Doe Deere and her family found themselves partnered with the people who would have an instant impact on their lives. A kind-hearted social workerput the family in touch with the Sanctuary for Families group who set about changing the lives of Doe Deere, her mother, and sister. Doe Deere set out on a journey to the Fashion Institute of Technology with the encouragement of Sanctuary for Families founder Dorchen Leidholdt, who remains a mentor to the members of the family.
Deidre Baggot is one of the most prominent Healthcare business strategists. She is widely known for her role in the development of successful business strategies for leading healthcare institutions. Baggot is also the mastermind behind the development of Bundled Payments module, a health services payment method which ensures value-based billing of healthcare services.
Throughout her career, Deirdre Baggot has made a name in the healthcare industry by developing, designing, and developing superior business strategies for more than 200 healthcare institutions in the country. Her efforts have led to a significant improvement in care services and management, especially in terms of cost and efficiency. The new payment method has led to increased savings, which are shared among physicians and institutions.
According to Deirdre Baggot, the Bundled Payment method entails the payor remitting a single payment for all the care services to be received by a particular patient in a certain pre-determined duration. The doctors and the receiving hospitals are at liberty to ensure that the care they provide is as less costly as possible. If the given care turns out to be less costly than the pre-paid amount, then the doctors and caregivers are paid more. If the care given turns out to more costly than the pre-paid amount, then the doctors and the receiving institutions get a lesser pay.
Bundled Payment method ensures efficiency as opposed to the traditional fee-for-service. In this new payment method, the hospitals, care providers and physicians are encouraged to provide a more cost-effective service with greater efficiency. The fee-for-service method is based on claims from hospitals and is often riddled with billing errors.
As a respected voice in the healthcare industry, Deirdre Baggot advises all health care providers to embrace the new payment method as quickly as possible. According to her, failure to adopt and adapt to the new system may make them lag behind as the CMS is decisively headed towards the new payment method. Baggot also advises the Bundles are the fastest method of payment and will ensure the provision of value-based healthcare services.
A new tax plan has been passed, and according to respected investor and geologist Matt Badiali, now can be the time to take your cut of the $34+ billion Freedom Checks opportunity. News about these Freedom Checks have been floating around the internet for a while, and not everyone understands them clearly. However, those that do know what they are about are well aware of how they can be used to earn thousands of dollars, providing you have enough to invest.
These Freedom Checks will truly give you the freedom that you want in life, both in terms of personal freedom, freedom of choice to purchase what you want, and the financial freedom that so many of us are desperately looking for. All this can be achieved with these Freedom Checks.
No, these Freedom Checks are not part of Social Security or really any kind of government handout program. Instead, they are a part of a program that was set up by the government in order to incentivize oil production companies in the United States to work harder at producing more oil from the United State’s natural oil resources.
These companies will get certain tax incentives, provided that they follow certain requirements. One of these requirements is to pay ninety percent of their profits to shareholders and private investors. You do not need to go to the stock exchange or hire a broker if you want to invest in these companies. Instead, you can invest in these companies directly.
In addition, these companies must be involved in the transportation, production, or processing of natural oil. Ninety five percent of their efforts must be involved in this. Otherwise, they will not be qualified for the tax exemptions.
These companies have seen tremendous growth in the past few years. This is because natural oil resources in the United States have been discovered. More and more oil is being produced in the United States as opposed to being imported from other countries. It is so important to invest in these companies now, says Matt Badiali. This way, you can still join before the boom happens.
OSI Group has a fantastic reputation for job saving and creation, with its expansion of facilities around the globe that includes saving food production companies that were near closing. It is currently one of the largest providers of food to grocery stores and restaurant chains in the world, including OSI Group McDonalds chains. OSI Group operates out of 17 countries, with 65 food production facilities.
OSI Group started out small, growing to become the current leader of the industry that it is today. The company’s belief that achievements stem from the investment of its employees is likely part of the foundation of its success. The work environment at OSI Group McDonalds supplier is meant to be challenging, yet stimulating and rewarding to each individual.
OSI Group is described as a company on the move, currently employing approximately 20,000 employees of all nationalities and backgrounds. The company has facilities around the globe and is constantly expanding to create jobs; therefore, OSI Group has the never-ending task of finding job candidates to employ who are passionate problem solvers who seek innovation, with the overall belief among the company that any individual can make a difference. Leaders of OSI Group McDonalds supplier seek to instill a passion of service to provide food enthusiasts all over the globe with high-quality products, and these leaders strive to create a positive and diverse work environment, where employees of every level can continue their learning experiences, grow to their full potential, and share ideas to find that they are met with a high level of enthusiasm. To know more click here.
The globalized economy is continually evolving, becoming more modernized each day. OSI Group is a growing leader not only in its own industry, but in the march forward in the globalizing and networking process for the world’s economy. The past ten years have shown OSI Group’s growth into leading protein products with value added, of many different types, and also expanding its inventory to include non-protein products. Its main products include meat and hamburger patties, sausage links, and pizza; currently, OSI Group also offers fish, bacon, hot dogs, poultry products, and a variety of vegetable products. Most notably, OSI Group McDonalds chains source their meats through the corporation. Though the company began in the U.S., impressive expansion continues globally, mainly throughout Europe and China.
When a company is doing good it is no surprise that everyone would like to know the driving force behind it and in particular the leaders behind the wheel. We can have a look at the two super experienced people behind the success of InnovaCare Health that is Rick Shinto and Penelope Kokkinides. I call them super Experienced since they both boast over 20 years of experience.
About Richard Shinto
Dr. Shinto is the CEO of InnovaCare Health. Rick Shinto started as an internist and Pulmonologist after which he joined MedPartners as their VP where he was in charge of medical management. He has worked with Cal Optimal Health Plan in California, Orange County, worked with Pathways Management Company as operations manager, worked as a senior officer at NAMM and in 2008 moved to Aveta Inc. where he later became CEO until 2012.
Dr. Rick Shinto has been recognized because of his managerial and vision when he was given Ernst $ Young Entrepreneur Of The Year Award back in 2012 in the Service Category. He has not relented as we can see this year Modern Healthcare has recognized him as one of2018’s Top 25 Minority Executivesin Healthcare, this tells you how determined he is to make sure everyone especially the minority receive good healthcare for a healthier nation.
About Penelope Kokkinides
Penelope is a graduate from Binghampton University with Bachelor’s in Classical language and biological sciences and later did Masters in New York University. At InnovaCare Health she is Chief Administrative Officer appointed in June 2015, previously she had worked as a chief operating officer in the same company. In her more than 20 years’ experience she has worked in government programs such as Medicaid and Medicare, In the private sector she has worked with Centerlight HealthCare, Touchstone Health different capacity from operations head to corporate VP.
In her Interview on IdeaMensch, she highlights how good her team is proving how good a team player she is. She also talks about how organized she is by thinking about the next day every night which makes her more productive, a clear sign InnovaCare Health is at good hands with a very bright future.
About InnovaCare Health
Talk about quality healthcare, cost-effective and innovative in one sentence, and I tell you it is incomplete without adding InnovaCare Health as the provider. InnovaCare is the epitome of a perfect business model providing health services good for stakeholders and excellent for customers, Centers for Medicare and Medicaid Services in Puerto Rico recognized this as it is the only with 4.5-star ratings.
GreenSky has become one of the fastest growing and most profitable FinTech companies to date. Through a combination of unique strategy and careful attention to their business endeavors, they have managed to create steady growth and are projected to continue to prosper in the years to come.
Strong Q2 Performance
A recent article posted to Forbes discussed GreenSky’s strong second quarter performance and the fact that it is now clear that the company was undervalued. One of the reasons for the company’s strong performance lately is their partnership with American Express. They recently finished revamping their company’s growth strategy, and as part of the process, decided to offer GreenSky’s services to their already existing merchant clientele or potential merchant clients.
A Unique Concept Took The Market By Storm
GreenSky has a business model that is unlike the other FinTech companies on the market. The company began in the basement of co-founder David Zalik’s home in 2006. Eventually, the company took off and he was forced to expand the business, which has grown into a multi-billion dollar company.
To date, they have helped facilitate over $5 billion in loans. The company itself doesn’t actually lend money, but rather they partner with other lenders such as banks and act as a mediator between the individual or business seeking the loan and the lending institution. They collect a commission from the loan in return. They assume very little risk because they work exclusively with applicants who have a strong credit history and only facilitate the actual loan.
New Features For Customers
GreenSky’sstock rose 17.1%in August as a result of their deal with American Express. The benefits to all parties involved include a convenient application process due to their easy to use mobile app as well as paperless loans. The average approval time for a loan through the company only takes approximately 60 seconds and is ideal for merchants who wish to make large purchases. They will also now offer American Express vPayment which is a virtual payment system used by approved clients.
GreenSky has laid the foundation and groundwork for a successful future in the FinTech industry. Their strong recent performance is expected to continue, especially with their wealth of new customers resulting from their partnership with American Express.
According to an article Daily Forex Report , there are big changes coming to Fortress Investment Group as they and their partners pioneer into the latest in technology , transportation , and tourism. Another recent change to the investment group is that they recently decided to take their company private again after years of public trading. The move surprised many since it is something that has not been done by other investing firms before. The company’s new ventures have it working from coast to coast with some unlikely partners.
One of these partners , iPass , is a leader in global connectivity , primarily in Wi-Fi hot spots. As Wi-Fi becomes in greater demand iPass is set to greatly expand their networks. Fortress made a smart investment when gave this technology leader 10 million to expand its network , a move that the investing group thinks will be very lucrative in the near future. Read more on bizjournals.com
In another interesting move the group is taking on transportation in the United States. Brightline , a high speed rail project by Fortress Investment Group , has been approved in Orlando with plans to eventually have a line through most of Florida. Another rail line that the company is excited to start is one running from Las Vegas to Los Angeles. This will reduce the time spent traveling between the two cities by 3hours.
In the field of tourism and entertainment , Fortress Investment Group has set their eyes on one of the most recognizable spots in the United States. Times Square will be the new home of the TSX building. The building will be a new attraction that will offer innovative dining and entertainment experiences. The design of the building will combine the past with present, merging the new skyscraper with the historic Palace Theater.
Erik Lefkofsky was recently featured in the Ideamensch interview which discussed the origins of Tempus. Erik Lefkofsky began Tempus to create a more personalized treatment plan for patients who have cancer. This machine learning platform allows physicians to have a better understanding of the disease. Lefkofsky is also known for co-founding Groupon, an e-commerce website that provides coupons on various activities around the world.
However, Erik Lefkofsky is a serial entrepreneur. He began Uptake Technologies and Mediaocean, technology companies that provide integrated media and analytics. He also started companies like Lightbank which uses investing to disrupt the technology world.
He started Tempus after his own personal experience watching a loved one go through the treatment process for cancer. The physicians were not able to access the data and technology that are available to so many other industries. This was the beginning of a personal quest to help provide data to cancer patients in a clinical setting.
Lefkofsky is one of the few that does not have a typical day in the office. However, he does try to be the first one in the office to work before other people start demanding his time. He focuses on problem management. Building the company requires input and time form the CEO and co-founder that can be exciting but also draining. He began working form home on Fridays to help him stay productive.
Erik Lefkosky believes ideas work the best when they are solutions. He and his business partner want to create solutions to the world’s problems and believes that creating new ideas just for the idea’s sake is wasteful. They have begun more than six companies over the past two decades and they have discovered the key to success is quite simple. They simply need to identify a big enough problem and discover a solution.
One trend that really excites Erik Lefkofsky is Biotech. He believes that technology can create a huge paradigm shift in the way we live, particularly when we start implementing technology into the way we treat the body. Though the body has been subject to the same diseases for thousands of years, the improvements in technology are creating new solutions.
Alastair Borthwick was a Scottish journalist who was born in Rutherglen Scotland in 1913, and spent much of his time in Glasgow. Much of his early works were featured in the Glasgow Herald’s “The Open Air” pages. He started his writing career transcribing callers stories for the Glasgow Herald, before becoming an editor for some of the featured Herald’s pages. He soon found a better job in London with a different paper, but he did not feel quite at home in London, and returned to Glasgow in Scotland within a few years.
Alastair Borthwick was seen as somewhat “unconventional” with his fascination with things such as rock climbing and hiking; activities typically viewed as something only rich people did. It was one of Alastair’s favourite subjects to write about. One his books, published by Fabers in 1939; “Always a Little Further“. This book is a collection of his various writings that he written for the Glasgow Herald at first.
When the beginning of World War II came about, Borthwick was commissioned into the army, as part of the 5th battalion. His time spent in the war inspired him to produce a book, “Sans Peur, The History of the 5th (Caithness and Sutherland) Battalion, the Seaforth Highlanders”. In 1994, the book was republished under a different, albeit still lenghty title: “Battalion: a British infantry unit’s actions from El Alamein to the Elbe, 1942-1945”.
In 1940, Alastair Borthwick married his beloved, Anne. Together, they moved to Jura, then Islay, then finally settling back into Glasgow. They moved to allow Alastair Borthwick could help with the production for the Festival of Britain in 1951. Alastair then became a broadcaster for the BBC, and was quite prolific. He and his wife moved to Ayrshire where they lived a quiet life, until Alastair Brothwick went to Beith to live inside a nursing home. Alastair Borthwick passed away in 2003, having lived a life of about 90 years. Get your copy of Alastair’s book on Amazon.