On the Move, 12.24.18: KKR taps Cidambi, Padmanabhan for India credit business

PRIVATE EQUITY FIRMS

Victory Park Capital appointed Kevin Burke a partner. He previously spearheaded the launch of the Institute for Global Investing at the University of Notre Dame.

KKR: Sumanth Cidambi and Vijay Padmanabhan were named directors for the credit business in India. Cidambi has worked with corporate boards and senior management teams in Asia, Europe and the U.S., while Padmanabhan’s resume in credit underwriting and distressed investing in the U.K. and India includes posts at Old Lane, Fidelity Investments, and SBI Funds Management.

SK Capital Partners: Mario Toukan is joining as a managing director. Toukan most recently served as global head of chemicals and materials at KeyBanc Capital Markets.

LLR Partners formed Celero Commerce, with Kevin Jones, founder and ex-CEO of Anovia Payments. Jones will be CEO of Celero, a Nashville payments processor. The deal calls for Celero to invest in UMS Banking, which will provide the core payment processing infrastructure for Celero. Terms weren’t disclosed.

PORTFOLIO COMPANIES

Tronair, a portfolio company of Golden Gate Capital, appointed Paul Schwarzbaum CEO. Schwarzbaum succeeds Harley Kaplan, who retired. Schwarzbaum previously was president and CEO of GT Technologies. Tronair is the Swanton, Ohio, maker and seller of ground-support equipment for business, commercial and military aircraft.

Vein Clinics of America, a portfolio company of Frazier Healthcare Partners, named Alton Shader president and CEO. Shader joins from Hill-Rom. VCA provides treatments for chronic venous insufficiency.

OnePlus Systems, backed by ParkerGale, named Stacey Kacek CEO. She had been CEO at Vertex Analytics. OnePlus is the Chicago producer of container fullness and control systems.

DCS Global: The portfolio company of Tritium Partners named Steven Huddleston CEO. Huddleston most recently served as president, service solutions and chief client officer at nThrive.

MarketCast Group, a portfolio company of Kohlberg & Co, named Jeremy Radisich president. He joined MarketCast in 1999. MarketCast provides marketing research and data analytics services for the global entertainment industry.

SRS Acquiom, backed by Lovell Minnick Partners, named Greg Nelson head of sales. Nelson had been an M&A and public finance business development officer at Wilmington Trust. SRS Acquiom is the Denver provider of a platform of professional services for corporate acquirers and PE and VC firms involved in M&A settlement support and risk mitigation.

Belt Power: The Shorehill Capital portfolio company named Don Heitmeier president, CEO and a director. Heitmeier was previously Wesco’s division vice president for the eastern U.S. from 2016 to 2018.

Davalor Mold, a maker of injection molded plastic products and a portfolio company of Blackford Capital, named James Puscas CEO. Puscas previously held leadership positions at Stanley Black & Decker, Cadence Innovation, ASC and GE Plastics.

Aden & Anais: Swander Pace Capital named Doug Gillespie CEO of the Brooklyn baby-products company. Gillespie’s background includes executive roles at Munchkin Inc and NUK USA.

Integrated Behavioral Health, the Costa Mesa, California, provider of managed behavioral health and integrated employee assistance programs and services, named David Sockel chief commercial officer. He previously was executive vice president of corporate and product strategy and chief revenue officer at Connecture. IBH is backed by Periscope Equity.

StarCompliance, a provider of compliance monitoring solutions, named Paul Hebert chief revenue officer. Hebert had been executive vice president of corporate investor relations at Ipreo. StarCompliance is a portfolio company of Luminate Capital Partners.

SERVICE PROVIDERS

Alter Domus CEO Laurent Vanderweyen left the Luxembourg, provider of fund and corporate services to pursue other opportunities. CFO Aidan Connolly assumed the CEO’s role until a permanent successor is named.

D.A. Davidson & Co named Scott Isherwood a managing director in its diversified industrials investment banking team. Isherwood had been a managing director and head of the industrial group at Seaport Global Securities.

JP Morgan Asset Management appointed Stephanie D. Neely a managing director and head of central U.S. and Canada region for North American Institutional. Neely had been vice president and assistant treasurer at Allstate Insurance.

Harris Williams, a middle-market investment bank, named Kelly McPhilliamy a managing director and William McBride a vice president in the consumer group. McPhilliamy previously was a managing director and head of consumer investment banking at Wells Fargo. McBride was a vice president in Wells Fargo Securities’ consumer and retail group.

Tillman Private Equity Services, a fund administrator for PE and SBIC funds, named Chris Rakers managing director to lead the fund administration and outsourced CFO business. Rakers previously was senior manager at NAV Fund Administration Group. Tillman is owned by E78 Partners. 

William Blair named Blake Pontius director of sustainable investing. Pontius joined the firm in 2005 as an institutional relationship manager.

Jadian Capital named Matt Innes a managing director for investor relations. Innes previously was a vice president at Hodes Weiss & Associates, responsible for institutional investor and adviser relationships in the U.S.

Campbell Lutyens opened an office in Charlotte, North Carolina, its fourth in the U.S. Matt Flynn, a principal who joined the placement agent and adviser this year, is leading the new office.

Weil, Gotshal & Manges: Richard Frye rejoined the law firm as a partner in the PE practice. Frye is based in the Dallas office. He previously was a partner in the corporate and finance department at Winston & Strawn and an associate at Weil Gotshal.

Houlihan Lokey named Steven M. Cramer a managing director to its TMT group. The Los Angeles-based Cramer will oversee the gaming sector. Cramer previously was a managing director at Imperial Capital.

Searchlight Capital Partners named Michael Belfatti a senior adviser. Belfatti had been chief operating officer of Greenlight Re.

Varagon, the New York lender to middle-market companies and private equity firms, named Michael Broderick a managing director of healthcare originations. Previously, Broderick  originated debt, equity co-investments and banking opportunities for PE clients at Capital One.

Muller & Monroe Asset Management named Alexander Moritz a senior associate in its investment section. Moritz had been a product specialist, multiasset and alternative investments, at UBS.

Commonfund Capital named Jay Teevan managing director of consultant relations. Teevan’s background includes positions at Artisan Partners and Strategic Value Partners.