On the Move, April 29, 2019: Argand taps Schnoedl; Bain & Co names Hoverman, Lippert


Clearlake Capital Group named five executives partner and/or managing director: Fred Ebrahemi, partner, managing director, general counsel and chief compliance officer; Dan Groen, managing director; James Pade, partner and managing director; Arta Tabaee, managing director, and Pedro Urrutia, partner, managing director and CFO.

Hg opened a New York office to support the firm’s current activities, specifically supporting three U.S.-based software companies, and to capitalize on new investment opportunities. The U.S. team will initially have 10 investment professionals, led by Ben Meyer, who joined last year from Temasek, and Gero Wittemann, who joined last year from CVC Capital Partners. Hg appointed Andrew Sukawaty as U.S. chairman.

Argand Partners, the middle-market buyout firm, promoted Joyce Schnoedl to partner and Dino Sawaya to principal.

Charterhouse Capital Partners: Frank van den Bosch, the veteran dealmaker, left at the end of 2018 after nearly 15 years, Private Equity News reported. Van den Bosch joined Charterhouse in 2005 from Goldman Sachs, the story said.

Riverside Co named Karsten Langer managing partner of Riverside Europe Fund. He succeeds Tony Cabral, who remains a senior member of the REF investment committee with the title founding partner.

Baird: Brad Page joined the global investment banking business as a managing director for its global technology and services team. Page previously was a partner and managing director at William Blair, leading the environmental services investment banking practice.

Investcorp: John Fraser, head of U.S. credit management, will be retiring. Jim Feeley will step in as co-head of ICM U.S. Fraser, who joined Investcorp in 2017, continues as an adviser to ICM U.S.

HGGC promoted five staffers to partner: Harv Barenz, John BlockLes BrownSteven Leistner and Lance Taylor. The Palo Alto, California, buyout shop also named Kurt Krieger chief legal officer.

TSG Consumer Partners opened an office in London, its first outside the U.S. Beth Pickens joined TSG as a principal in that office. Pickens is a former managing director and head of European consumer banking at William Blair.

Bain & Co: David Hoverman joined as a partner in its PE practice in the San Francisco office. He’d been San Francisco office head and a member of the PE practice at Parthenon. Liz Lippert, a specialist in consumer and retail, also joined Bain & Co’s San Francisco office as a partner. She’d been a partner with Parthenon.

Carlyle Group: Christopher Finn was named COO. Finn has served as COO of Carlyle’s corporate PE and global credit business segments and took the post of global head of operations in January 2018.

Carlyle also overhauled the management of its UK flagship fund, the Financial Times reported. Zeina Bain, one of Carlyle’s most senior female executives in Europe, left the firm, while Andrew Burgess was appointed a senior adviser, the FT said. Bain is joining ICG in September, the story said.

KKR: Waldemar Szlezak will lead the firm’s communications infrastructure investments in the Americas, his LinkedIn profile said. Szlezak is former senior managing director at Soros Fund Management’s PE group. The Wall Street Journal first reported Szlezak’s move.

Vestar Capital Partners: Winston Song and Nikhil Bhat were promoted to managing director while Jonathan Williams was promoted to vice president.

Tiger Global Management: Lee Fixel, partner and head of the $13 billion PE business, plans to leave the firm June 30, Reuters reported, citing a letter the firm sent to clients. Scott Shleifer and Chase Coleman will continue as co-portfolio managers of Tiger’s PE business, with Shleifer to take over as its head. Fixel, who joined Tiger in 2006, will invest his own money and “may start an investment firm,” Tiger Global wrote in the letter.

HealthpointCapital: John Chopack Jr, one of the founders of the PE firm, rejoined as a managing director. Healthpoint focuses on the musculoskeletal sector.


Softomotive, the UK provider of robotic process automation solutions, named Guy Berruyer chairman. He is former CEO of Sage Group. Softomotive’s backers include Grafton Capital.

Norican Group: Robert E. Joyce Jr stepped down as president and CEO of the Danish metallic parts enhancement company. Joyce has been leading the company since 2002. Norican is backed by Altor Equity Partners.

Exiger, the New York provider of regulatory, financial crime, risk and compliance solutions, named Julie Peck COO. Peck most recently was EVP and general manager of the tax and accounting division in the U.S. small firms segment at Wolters Kluwer. Exiger is backed by Carrick Capital Partners.

Orchid Underwriters Agency, a TowerBrook portfolio company, named John L. Lumelleau chairman. He succeeds Steve Carlsen, who remains a director and will lead a new underwriting committee. Lumelleau previously served was CEO of Lockton Cos.

Priority Power Management, backed by Ara Partners Group, hired Justin Courtney as EVP and CFO. Courtney most recently was a managing director at Stephens Inc.

Advancing Eyecare, a new holding company owned by Atlantic Street Capital, named Brad Staley CEO. The ophthalmic-equipment provider was formed this year in partnership with Lombart Instrument and Marco Opthalmic. Staley is former CEO of United Scope.


Gen II Fund Services, a PE-fund administrator, named Ian Cameron COO. Cameron had been chief financial and operations officer for Washington State Investment Board.

Wilshire Phoenix named Mason Stark a partner and head of its new alternative investments division, Wilshire Phoenix Asset Management. Stark is a former managing director at Ramius Capital Group.

Equity Trust, the provider of retirement accounts and alternative-asset custody, tapped George Sullivan CEO. Sullivan is former EVP and global head of State Street Corp’s alternative-investment-solutions group.

Gibson, Dunn & Crutcher hired William Sorabella as a partner working on public-company and PE M&A. Sorabella joins from Kirkland & Ellis.

Weil, Gotshal & Manges hired Brian Parness as a partner in the law firm’s global PE practice. Parness joined from Goldman Sachs, where he was vice president and associate general counsel. He’ll be based in New York.