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Sentinel announces sale of ECM Industries to nVent Electric

Sentinel, a private equity firm, has recently announced the sale of ECM Industries to nVent Electric, a global leader in electrical solutions. The deal is expected to close in the first quarter of 2021, subject to regulatory approvals and customary closing conditions.

ECM Industries is a leading manufacturer of electrical products and solutions for commercial, industrial, and residential applications. The company’s product portfolio includes conduit fittings, cable glands, cord grips, and other electrical accessories. ECM Industries has a strong presence in the North American market and serves customers in various industries, including oil and gas, construction, and utilities.

nVent Electric is a Fortune 500 company that provides innovative electrical solutions for a wide range of industries, including data centers, energy, and transportation. The company’s product portfolio includes enclosures, heat management systems, and electrical connections. nVent Electric operates in more than 100 countries and has a strong reputation for quality and reliability.

The acquisition of ECM Industries is expected to strengthen nVent Electric’s position in the North American market and expand its product portfolio. The addition of ECM Industries’ products will complement nVent Electric’s existing offerings and provide customers with a more comprehensive range of electrical solutions.

“We are excited to welcome ECM Industries to the nVent family,” said Beth Wozniak, CEO of nVent Electric. “This acquisition aligns with our strategy to expand our product portfolio and enhance our presence in key markets. We look forward to working with the talented team at ECM Industries to deliver innovative solutions to our customers.”

The sale of ECM Industries is a significant milestone for Sentinel, which acquired the company in 2016. During Sentinel’s ownership, ECM Industries expanded its product portfolio and invested in new technologies to improve efficiency and productivity.

“We are proud of the progress that ECM Industries has made under our ownership,” said Eric Bommer, a partner at Sentinel. “The sale to nVent Electric is a testament to the hard work and dedication of the ECM Industries team. We wish them continued success as they join forces with nVent Electric.”

In conclusion, the sale of ECM Industries to nVent Electric is a strategic move that will benefit both companies and their customers. The acquisition will strengthen nVent Electric’s position in the North American market and expand its product portfolio, while ECM Industries will benefit from nVent Electric’s global reach and resources. The deal is expected to close in the first quarter of 2021, subject to regulatory approvals and customary closing conditions.

  • May 26, 2023 11:29 AM
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nVent Electric Acquires ECM Industries from Sentinel

nVent Electric, a global leader in electrical solutions, has recently announced the acquisition of ECM Industries from Sentinel Capital Partners. The acquisition is expected to strengthen nVent’s position in the electrical enclosures market and expand its product portfolio.

ECM Industries is a leading manufacturer of electrical enclosures, fittings, and accessories for commercial and industrial applications. The company has a strong presence in the North American market and has been in business for over 60 years. With this acquisition, nVent will be able to offer a wider range of products to its customers and expand its reach in the electrical enclosures market.

According to Beth Wozniak, nVent’s CEO, “The acquisition of ECM Industries is a strategic move that will enhance our ability to serve customers with a broader range of innovative solutions. We are excited to welcome the ECM team to nVent and look forward to working together to drive growth and create value for our customers.”

The acquisition is expected to be completed by the end of 2021, subject to regulatory approvals and other customary closing conditions. Financial terms of the deal have not been disclosed.

This acquisition is part of nVent’s strategy to expand its product portfolio and strengthen its position in key markets. The company has been investing in research and development to develop new products and technologies that meet the evolving needs of its customers.

nVent Electric was formed in 2018 as a spin-off from Pentair, a global water treatment company. The company has a presence in over 100 countries and offers a wide range of electrical solutions, including enclosures, heat management systems, and cable management products.

In conclusion, the acquisition of ECM Industries by nVent Electric is a strategic move that will strengthen the company’s position in the electrical enclosures market and expand its product portfolio. With this acquisition, nVent will be able to offer a wider range of products to its customers and enhance its ability to serve them with innovative solutions. The acquisition is expected to be completed by the end of 2021, subject to regulatory approvals and other customary closing conditions.

  • May 26, 2023 11:29 AM
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Cybersecurity Providers Acquired by Crosspoint and Enlightenment, while Crestview Ventures into the Film Industry – A PE Hub Report

In recent news, private equity firms Crosspoint and Enlightenment have made significant acquisitions in the cybersecurity industry, while Crestview Partners has ventured into the film industry. These moves highlight the growing importance of cybersecurity and the diversification of private equity investments.

Crosspoint, a technology-focused private equity firm, has acquired a majority stake in SecureLink, a leading provider of third-party remote access and support solutions. This acquisition will allow Crosspoint to expand its portfolio in the cybersecurity industry and provide SecureLink with the resources to accelerate its growth.

Enlightenment Capital, a private equity firm focused on aerospace, defense, and government services, has acquired Telos Corporation’s identity management and access business unit. This acquisition will allow Enlightenment to expand its cybersecurity offerings to government and commercial customers.

These acquisitions come at a time when cybersecurity threats are becoming increasingly prevalent. According to a report by Cybersecurity Ventures, global cybercrime damages are expected to reach $6 trillion annually by 2021. As a result, companies are investing more in cybersecurity solutions to protect their data and assets.

In addition to these acquisitions, Crestview Partners, a private equity firm focused on middle-market companies, has made a foray into the film industry. Crestview has acquired a majority stake in NEON, an independent film distribution company known for its award-winning films such as “Parasite” and “I, Tonya.”

This move by Crestview highlights the trend of private equity firms diversifying their investments beyond traditional industries. The film industry has seen significant growth in recent years, with box office revenues reaching $42.5 billion globally in 2019.

Overall, these acquisitions and investments demonstrate the importance of cybersecurity in today’s digital age and the diversification of private equity investments. As cyber threats continue to evolve, companies will need to invest in robust cybersecurity solutions to protect their assets. And as private equity firms seek new opportunities for growth, they will continue to explore industries beyond their traditional focus areas.

  • May 26, 2023 9:20 AM
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Cybersecurity Providers Acquired by Crosspoint and Enlightenment, while Crestview Ventures into the Film Industry: A PE Hub Update

In recent news, private equity firms Crosspoint and Enlightenment have made significant acquisitions in the cybersecurity industry, while Crestview Partners has ventured into the film industry. These moves demonstrate the continued interest of private equity firms in investing in technology and entertainment sectors.

Crosspoint, a private equity firm based in Virginia, recently acquired a majority stake in cybersecurity provider System High Corporation. System High specializes in providing security solutions for government and commercial clients, including risk management, vulnerability assessments, and security engineering. With this acquisition, Crosspoint aims to expand its portfolio in the cybersecurity industry and capitalize on the growing demand for secure technology solutions.

Similarly, Enlightenment Capital, a private equity firm based in Maryland, acquired cybersecurity provider Telos Corporation. Telos offers a range of cybersecurity solutions, including secure communications, identity management, and risk management. With this acquisition, Enlightenment aims to strengthen its position in the cybersecurity market and support Telos in its growth strategy.

Meanwhile, Crestview Partners, a private equity firm based in New York, has made a move into the film industry with its acquisition of a majority stake in NEON, an independent film distribution company. NEON has distributed critically acclaimed films such as “Parasite” and “I, Tonya,” and Crestview aims to support the company’s continued success in the industry.

These acquisitions demonstrate the continued interest of private equity firms in investing in technology and entertainment sectors. The cybersecurity industry is particularly attractive due to the increasing importance of secure technology solutions in today’s digital landscape. Similarly, the film industry offers potential for high returns on investment through successful distribution of critically acclaimed films.

However, it is important to note that private equity firms often face challenges in these industries, such as rapidly changing technology and unpredictable box office success. It will be interesting to see how these firms navigate these challenges and continue to invest in these sectors.

In conclusion, the recent acquisitions by Crosspoint and Enlightenment in the cybersecurity industry, and Crestview’s move into the film industry, demonstrate the continued interest of private equity firms in investing in technology and entertainment sectors. While these industries offer potential for high returns on investment, they also present unique challenges that must be navigated by private equity firms.

  • May 26, 2023 9:20 AM
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Lifeforce, a platform for optimizing health, secures $12M in funding.

Lifeforce, a platform for optimizing health, has recently secured $12 million in funding. This is a significant milestone for the company, which aims to revolutionize the way people approach their health and wellness.

The Lifeforce platform is designed to help individuals take control of their health by providing personalized recommendations based on their unique genetic makeup, lifestyle, and health goals. The platform uses advanced algorithms and machine learning to analyze data from a variety of sources, including genetic testing, wearable devices, and medical records.

With this funding, Lifeforce plans to expand its platform and reach more people who are looking to improve their health. The company will also invest in research and development to continue improving the accuracy and effectiveness of its recommendations.

One of the key features of the Lifeforce platform is its focus on personalized nutrition. The platform analyzes an individual’s genetic data to identify specific nutrient deficiencies and make recommendations for foods and supplements that can help address those deficiencies. This approach is based on the growing field of nutrigenomics, which studies how genes interact with nutrients to affect health.

In addition to personalized nutrition recommendations, Lifeforce also provides guidance on exercise, sleep, stress management, and other lifestyle factors that can impact health. The platform integrates data from wearable devices like fitness trackers and smartwatches to provide real-time feedback on activity levels, sleep quality, and other metrics.

The funding for Lifeforce comes at a time when interest in personalized health and wellness is growing rapidly. Consumers are increasingly looking for ways to take control of their health and prevent chronic diseases like diabetes, heart disease, and cancer. By providing personalized recommendations based on genetic data and other factors, Lifeforce is well-positioned to meet this growing demand.

Overall, the $12 million in funding for Lifeforce is a positive development for the company and for the broader field of personalized health and wellness. With this investment, Lifeforce can continue to innovate and expand its platform, helping more people optimize their health and live their best lives.

  • May 25, 2023 5:20 PM
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Arango named as managing director and head of capital formation at CRG, according to PE Hub

CRG, a leading healthcare-focused investment firm, has recently announced the appointment of Michael Arango as its new managing director and head of capital formation. This move is expected to strengthen the firm’s position in the healthcare industry and expand its reach in the global market.

Arango brings with him over 20 years of experience in the financial services industry, with a focus on healthcare and life sciences. Prior to joining CRG, he served as a managing director at Goldman Sachs, where he led the firm’s healthcare equity capital markets efforts. He has also held senior positions at other leading financial institutions, including Credit Suisse and J.P. Morgan.

In his new role at CRG, Arango will be responsible for overseeing the firm’s fundraising efforts and building relationships with institutional investors, family offices, and other key stakeholders. He will also work closely with the investment team to identify new opportunities and develop strategies for maximizing returns.

According to Charles Tate, founder and chairman of CRG, Arango’s extensive experience and deep understanding of the healthcare industry make him an ideal fit for the firm. “Michael’s track record of success in healthcare finance and his ability to build strong relationships with investors will be invaluable as we continue to grow our business,” Tate said in a statement.

CRG has been a major player in the healthcare industry for over 20 years, providing capital to companies across a range of sectors, including biotechnology, medical devices, and healthcare services. The firm has invested over $3 billion in more than 50 companies since its inception, and has a proven track record of delivering strong returns to its investors.

With Arango on board, CRG is well-positioned to continue its growth trajectory and expand its reach in the global healthcare market. His expertise in capital formation and investor relations will be critical in helping the firm raise the funds it needs to support its portfolio companies and pursue new investment opportunities.

Overall, Arango’s appointment is a positive development for CRG and the healthcare industry as a whole. As the demand for innovative healthcare solutions continues to grow, firms like CRG will play an increasingly important role in providing the capital and support needed to bring these solutions to market. With Arango at the helm, CRG is well-equipped to meet this challenge and continue its success in the years ahead.

  • May 25, 2023 12:20 PM
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Arango named managing director and head of capital formation at CRG, according to PE Hub

CRG, a leading healthcare-focused investment firm, has recently announced the appointment of Michael Arango as its new Managing Director and Head of Capital Formation. This move is expected to strengthen the firm’s position in the healthcare industry and help it expand its reach in the market.

Arango brings with him over 20 years of experience in the financial services industry, with a focus on healthcare. He has previously held senior positions at firms such as Goldman Sachs, Credit Suisse, and J.P. Morgan, where he was responsible for raising capital for healthcare companies and advising them on mergers and acquisitions.

In his new role at CRG, Arango will be responsible for leading the firm’s fundraising efforts and building relationships with investors. He will also work closely with the investment team to identify new investment opportunities and help portfolio companies grow and succeed.

CRG is known for its expertise in providing growth capital to healthcare companies, particularly those in the biotech, medical device, and diagnostics sectors. The firm has a strong track record of investing in companies that have innovative products or services that can improve patient outcomes and reduce healthcare costs.

With Arango’s appointment, CRG is expected to continue its focus on investing in companies that have a strong potential for growth and can make a significant impact in the healthcare industry. The firm’s investment strategy is based on a deep understanding of the healthcare market and a commitment to working closely with portfolio companies to help them achieve their goals.

In addition to its investment activities, CRG is also actively involved in supporting the broader healthcare community. The firm has established partnerships with leading healthcare organizations and sponsors events and initiatives that promote innovation and collaboration in the industry.

Overall, Arango’s appointment as Managing Director and Head of Capital Formation at CRG is a positive development for the firm and the healthcare industry as a whole. With his extensive experience and expertise, he is well-positioned to help CRG continue its growth and success in the years to come.

  • May 25, 2023 12:20 PM
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H1 and The Michael J. Fox Foundation Collaborate to Advance Parkinson’s Research

H1 and The Michael J. Fox Foundation (MJFF) have recently announced a collaboration to advance Parkinson’s disease research. This partnership aims to accelerate the discovery of new treatments and therapies for Parkinson’s disease, a neurodegenerative disorder that affects millions of people worldwide.

Parkinson’s disease is a chronic and progressive disorder that affects the nervous system, causing tremors, stiffness, and difficulty with movement. It is caused by the loss of dopamine-producing cells in the brain, which leads to a decrease in dopamine levels. Currently, there is no cure for Parkinson’s disease, and available treatments only manage symptoms.

The collaboration between H1 and MJFF will leverage H1’s data-driven platform to identify potential drug targets and biomarkers for Parkinson’s disease. H1’s platform uses artificial intelligence and machine learning to analyze large amounts of data from various sources, including clinical trials, scientific publications, and patents.

MJFF will provide H1 with access to its extensive database of Parkinson’s disease research, including clinical trial data, patient information, and scientific publications. This will enable H1 to identify new drug targets and biomarkers for Parkinson’s disease, which can be used to develop new treatments and therapies.

The collaboration between H1 and MJFF is expected to accelerate the discovery of new treatments for Parkinson’s disease by identifying potential drug targets and biomarkers more quickly and efficiently than traditional research methods. This will help researchers to develop new therapies that can slow or even stop the progression of Parkinson’s disease.

The partnership between H1 and MJFF is an example of how technology can be used to accelerate medical research and improve patient outcomes. By leveraging data-driven platforms like H1, researchers can identify new drug targets and biomarkers more quickly and efficiently than traditional research methods. This can lead to the development of new treatments and therapies that can improve the lives of millions of people living with Parkinson’s disease.

In conclusion, the collaboration between H1 and MJFF is an exciting development in the field of Parkinson’s disease research. By leveraging H1’s data-driven platform and MJFF’s extensive database of Parkinson’s disease research, researchers can identify new drug targets and biomarkers more quickly and efficiently than traditional research methods. This will help to accelerate the discovery of new treatments and therapies for Parkinson’s disease, ultimately improving the lives of millions of people worldwide.

  • May 24, 2023 6:39 PM
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Bestige announces partnership with Bard to strengthen team | PE Hub

Bestige, a leading private equity firm, has recently announced its partnership with Bard, a renowned investment management company. The partnership aims to strengthen Bestige’s team and expand its investment portfolio.

Bestige has been in the private equity industry for over a decade and has a proven track record of successful investments. The firm specializes in growth equity investments in the technology, healthcare, and consumer sectors. With the new partnership, Bestige aims to leverage Bard’s expertise in alternative investments and expand its reach into new markets.

Bard, on the other hand, has a strong reputation in the investment management industry. The company has been managing assets for over 30 years and has a diverse portfolio of investments across various asset classes. Bard’s expertise in alternative investments, including private equity, real estate, and hedge funds, will complement Bestige’s existing capabilities.

The partnership between Bestige and Bard is expected to bring significant benefits to both firms. Bestige will gain access to Bard’s extensive network of industry contacts and investment opportunities. Bard, on the other hand, will benefit from Bestige’s deep knowledge of the technology, healthcare, and consumer sectors.

The partnership is also expected to benefit investors in both firms. Bestige’s investors will have access to a broader range of investment opportunities, while Bard’s investors will benefit from Bestige’s expertise in growth equity investments.

In a statement announcing the partnership, Bestige’s Managing Partner said, “We are excited to partner with Bard and leverage their expertise in alternative investments. This partnership will enable us to expand our investment portfolio and provide our investors with access to new markets and opportunities.”

The announcement of the partnership comes at a time when private equity firms are increasingly looking to diversify their portfolios and expand their reach into new markets. The partnership between Bestige and Bard is a testament to the importance of collaboration and strategic partnerships in achieving these goals.

In conclusion, the partnership between Bestige and Bard is a significant development in the private equity industry. The partnership is expected to bring significant benefits to both firms and their investors, and it highlights the importance of collaboration and strategic partnerships in achieving success in the investment management industry.

  • May 24, 2023 1:17 PM
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Florence, a healthcare enablement platform, acquires virtual care solution Zipnosis.

Florence, a healthcare enablement platform, has recently announced its acquisition of virtual care solution Zipnosis. This move is expected to enhance Florence’s capabilities in providing virtual care services to healthcare providers and patients.

Zipnosis is a virtual care platform that enables healthcare providers to offer remote consultations and diagnoses to patients. The platform uses artificial intelligence (AI) and machine learning algorithms to provide accurate diagnoses and treatment recommendations. With the acquisition of Zipnosis, Florence will be able to offer a comprehensive virtual care solution to its clients.

The COVID-19 pandemic has accelerated the adoption of virtual care solutions as healthcare providers look for ways to provide care while minimizing the risk of infection. Virtual care solutions like Zipnosis have become increasingly popular as they allow patients to receive medical attention from the comfort of their homes. This acquisition by Florence is a strategic move that will enable the company to meet the growing demand for virtual care services.

Florence’s healthcare enablement platform provides a range of services to healthcare providers, including electronic health records (EHR) management, patient engagement tools, and clinical trial management. With the addition of Zipnosis, Florence will be able to offer a complete virtual care solution that integrates seamlessly with its existing platform.

The acquisition of Zipnosis is also expected to benefit patients by providing them with access to high-quality virtual care services. Patients will be able to receive medical attention quickly and conveniently, without having to leave their homes. This is particularly important for patients who live in remote areas or have mobility issues.

In addition to providing virtual care services, Florence’s platform also enables healthcare providers to manage their practices more efficiently. The platform’s EHR management tools allow providers to access patient records easily and securely, while its patient engagement tools enable providers to communicate with patients more effectively.

Overall, the acquisition of Zipnosis by Florence is a significant development in the healthcare industry. It highlights the growing importance of virtual care solutions in providing high-quality medical care to patients. With the integration of Zipnosis into its platform, Florence is well-positioned to meet the evolving needs of healthcare providers and patients in the years to come.

  • May 24, 2023 6:00 AM
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Sterling Plans to Consolidate the Tire Services Industry

Sterling Plans to Consolidate the Tire Services Industry

Sterling, a leading provider of transportation and logistics solutions, has announced its plans to consolidate the tire services industry. The company aims to create a one-stop-shop for all tire-related services, including sales, installation, maintenance, and repair. This move is expected to revolutionize the tire services industry and provide customers with a more convenient and efficient experience.

The tire services industry is highly fragmented, with numerous small and medium-sized players operating in different regions. This fragmentation has resulted in a lack of standardization and consistency in service quality, pricing, and customer experience. Sterling’s consolidation plan aims to address these issues by bringing together the best players in the industry under one roof.

The consolidation plan involves acquiring and integrating several tire service companies across the United States. Sterling has already acquired several companies, including Tires Now, a leading tire distributor, and Fleet Tire, a provider of commercial tire services. These acquisitions have enabled Sterling to expand its footprint in the tire services industry and offer a wider range of services to its customers.

The consolidation plan is expected to benefit customers in several ways. Firstly, it will provide customers with a one-stop-shop for all their tire-related needs. Customers will no longer have to deal with multiple vendors for different services, which can be time-consuming and frustrating. Instead, they can rely on Sterling for all their tire-related needs, from purchasing tires to installation, maintenance, and repair.

Secondly, the consolidation plan will result in standardization and consistency in service quality, pricing, and customer experience. Sterling will implement best practices across all its locations, ensuring that customers receive the same level of service regardless of where they are located. This will also enable Sterling to offer competitive pricing, as it will have greater bargaining power with suppliers and economies of scale.

Thirdly, the consolidation plan will enable Sterling to leverage technology to enhance its services. Sterling plans to invest in technology to improve its inventory management, scheduling, and customer communication. This will enable customers to book appointments online, track their orders, and receive real-time updates on their service status.

In conclusion, Sterling’s consolidation plan is set to revolutionize the tire services industry by providing customers with a more convenient and efficient experience. The consolidation plan will bring together the best players in the industry under one roof, resulting in standardization and consistency in service quality, pricing, and customer experience. Customers can look forward to a one-stop-shop for all their tire-related needs, with competitive pricing and enhanced technology-enabled services.

  • May 23, 2023 5:31 PM
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Elizabeth Arden, a renowned beauty brand, launches its inaugural virtual store.

Elizabeth Arden, a well-known beauty brand, has recently launched its first-ever virtual store. The brand has been in the beauty industry for over a century and has always been at the forefront of innovation. The virtual store is a new addition to the brand’s already impressive portfolio of products and services.

The virtual store is an online platform that allows customers to browse and purchase Elizabeth Arden products from the comfort of their own homes. The store offers a wide range of products, including skincare, makeup, and fragrances. Customers can also access exclusive deals and promotions that are only available on the virtual store.

One of the most significant advantages of the virtual store is that it provides customers with a personalized shopping experience. The platform uses advanced technology to analyze customer data and provide personalized recommendations based on their preferences and previous purchases. This means that customers can find products that are tailored to their specific needs and preferences.

Another advantage of the virtual store is that it provides customers with access to expert advice and guidance. The platform features a team of beauty experts who are available to answer any questions customers may have about the products or their skincare routines. Customers can also book virtual consultations with these experts to receive personalized advice and recommendations.

The virtual store also offers a range of interactive features that make the shopping experience more engaging and enjoyable. For example, customers can use augmented reality technology to try on different shades of lipstick or eyeshadow before making a purchase. They can also access tutorials and how-to guides to learn more about how to use the products effectively.

Overall, the launch of Elizabeth Arden’s virtual store is a significant milestone for the brand. It demonstrates the brand’s commitment to innovation and providing customers with the best possible shopping experience. With its personalized recommendations, expert advice, and interactive features, the virtual store is sure to be a hit with customers who are looking for a convenient and enjoyable way to shop for beauty products.

  • May 19, 2023 3:42 PM
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Elizabeth Arden, a renowned beauty brand, launches its first-ever virtual store for customers.

Elizabeth Arden, a well-known beauty brand, has recently launched its first-ever virtual store for customers. This move is a significant step towards the brand’s digital transformation and aims to provide customers with a seamless shopping experience.

The virtual store is designed to replicate the in-store experience, allowing customers to browse and purchase products from the comfort of their homes. The store features a 360-degree view of the products, allowing customers to see the products from all angles. Customers can also zoom in on the products to get a closer look and read product descriptions.

The virtual store also offers personalized recommendations based on the customer’s skin type, concerns, and preferences. Customers can take a quiz to determine their skin type and receive recommendations for products that are best suited for their skin.

In addition to the personalized recommendations, the virtual store also offers virtual consultations with beauty experts. Customers can schedule a virtual consultation with an Elizabeth Arden beauty expert to receive personalized skincare advice and product recommendations.

The virtual store also features exclusive offers and promotions that are not available in-store. Customers can take advantage of these offers and promotions to save money on their favorite Elizabeth Arden products.

The launch of the virtual store is a significant step towards Elizabeth Arden’s digital transformation. The brand recognizes the importance of providing customers with a seamless shopping experience, whether they are shopping in-store or online. The virtual store is an excellent example of how brands can leverage technology to enhance the customer experience.

In conclusion, Elizabeth Arden’s first-ever virtual store is an exciting development for the brand and its customers. The virtual store offers a seamless shopping experience, personalized recommendations, virtual consultations with beauty experts, and exclusive offers and promotions. This move is a significant step towards the brand’s digital transformation and demonstrates its commitment to providing customers with the best possible shopping experience.

  • May 19, 2023 3:42 PM
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Pietrzak named as global head of private credit at KKR, according to PE Hub

KKR, a leading global investment firm, has recently announced the appointment of Suzanne Pietrzak as the new Global Head of Private Credit. This move is expected to strengthen KKR’s position in the private credit market and expand its capabilities in this area.

Pietrzak brings with her over 20 years of experience in the financial industry, having previously worked at Goldman Sachs and Blackstone. She has a proven track record of success in managing private credit investments and has been instrumental in building and growing businesses in this space.

In her new role, Pietrzak will be responsible for overseeing KKR’s private credit business globally, which includes direct lending, mezzanine financing, and distressed debt investing. She will also work closely with KKR’s other investment teams to identify and execute on investment opportunities across various sectors and geographies.

Private credit has become an increasingly important asset class for institutional investors seeking higher yields and diversification in their portfolios. According to a recent report by Preqin, private debt funds raised a record $146 billion in 2020, despite the challenges posed by the COVID-19 pandemic.

KKR has been actively expanding its private credit business in recent years, with assets under management in this area growing from $12 billion in 2015 to over $50 billion today. The firm has also made several strategic acquisitions to enhance its capabilities in this space, including the purchase of Avoca Capital in 2018 and the acquisition of Global Atlantic Financial Group’s alternative credit business earlier this year.

Pietrzak’s appointment is expected to further accelerate KKR’s growth in private credit and help the firm capitalize on the opportunities presented by the current market environment. Her extensive experience and expertise in this area make her a valuable addition to KKR’s leadership team and position the firm for continued success in the years ahead.

Overall, Pietrzak’s appointment as Global Head of Private Credit at KKR is a significant development for the firm and the private credit market as a whole. It underscores the growing importance of this asset class and highlights KKR’s commitment to expanding its capabilities in this area to better serve its clients and generate strong returns.

  • May 19, 2023 2:16 PM
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