Madrona promotes two
Seattle-based Madrona Venture Group promoted Scott Jacobson and Tim Porter each to partner. Jacobson is a onetime manager at Amazon.com and joined the firm in 2007. Porter, a former executive at Microsoft, joined in 2006.
The promotions come shortly after Brian McAndrews, former CEO of aQuantive, was named managing director. Madrona raised a $250 million fourth fund, which it closed last year.
Advent hires Ehret
Tom Ehret has joined Advent International as an operating partner, with a focus on the oil and gas services and equipment sector. He previously was CEO of Acergy SA, a global offshore engineering and construction contractors to the oil and gas industry.
First Round names EIR
Charlie O’Donnell has been named an entrepreneur-in-residence with First Round Capital. O’Donnell is co-founding CEO of Path101, and he has previously worked at both Union Square Ventures and the GM Pension Fund.
Bell adds Bode
has joined Bell Partners as a senior vice president, with a focus on adding global institutional investors to the company’s existing base of individual investors and joint venture partners. Late last year, Bode stepped down as an executive director with UBS Investment Bank, where he had been a placement agent for private equity real estate funds. Prior to joining UBS in August 2005, Bode had been with Atlantic Pacific Capital.
Cross Atlantic hires Rulon-Miller
William Rulon-Miller has joined Cross Atlantic Capital Partners as a partner and managing director. He previously was co-head of investment banking at Janney Montgomery Scott in Philadelphia.
Nye resurfaces at Zeltiq
has been named CEO of Zeltiq Aesthetics, a Pleasanton, Calif.-based developer of non-invasive procedures for the reduction of unwanted fat tissue. He had been a general partner with Prism Venture Partners for the past six years, and will remain a director with some of its portfolio companies. Last month, Prism shut down its Southern California office, which Nye ran.
Apollo adds Applegarth
Adam Applegarth, former CEO of failed U.K. bank Northern Rock, has joined Apollo Management as a senior advisor to the firm’s European fund.
Sarin heads back to KKR
Arun Sarin, former CEO of Vodafone PLC, has rejoined Kohlberg Kravis Roberts & Co. as a senior advisor. There were reports late last year that Sarin turned down an offer to become CEO of Yahoo.