Initium Management, a Westport, CT-based personal fairness agency, has been launched.
Initium Administration makes a speciality of reworking household and founder-owned companies into legacies via hands-on assist, experience, and revolutionary progress methods. To this finish, it companions with firms at important inflection factors, the place the potential for progress is biggest.
Founding companions embrace:
- Kerem Bolukbasi, who served as CFO of the $2 billion GE Gasoline Engines enterprise unit and as Enterprise Danger Chief at GE Capital. In interim and everlasting CFO roles inside personal fairness portfolio firms, Bolukbasi delivered technique and execution, making certain alignment between administration and shareholders. Famend as a carve-out and turnaround specialist, he has held pivotal working positions at TPG Capital PE Working Group and TPG/BDT-backed middle-market firms corresponding to Somewhat Outdoor, Exactech, Vice Media, McAfee, Transplace, Adare Pharma, and FleetPride. Bolukbasi has executed a number of complicated carve-outs, together with the McAfee carve-out from Intel. He holds an MBA from the College of North Carolina and has served within the US/NATO Particular Forces. Kerem resides in Charleston, SC, along with his household.
- Varun Tejpal, who pioneered the foremost SaaS platform tailor-made for multinational companies grappling with intricate intercompany accounting, tax, and treasury challenges. Beneath his stewardship, FourQ skilled exponential progress, attaining an Annual Recurring Income (ARR) nearing $20 million, and was acquired by BlackLine for $240 million in January 2022. He additionally lends distinctive deal-making prowess to the Initium group. Varun has spearheaded quite a few acquisitions, tendencies, and spin-offs starting from $50 million to greater than $2 billion in worth whereas serving 16-years as a finance govt at Common Electrical Firm, spanning over 20 nations. Having served as each an enormous group know-how purchaser in addition to the CEO of a know-how upstart, Tejpal brings invaluable perspective. Varun has an MBA from the College of Delhi, India, and lives in Westport, CT, along with his spouse and two kids.
- Carter Venkat, who’s the previous CFO of telecommunications and electrical contracting firm Tristrux. Venkat additionally served as a founding companion and head of analysis at Inox Capital, and brings capital elevating, deal structuring, and execution expertise from his time at prestigious funding banking at corporations the place he centered on leveraged finance and M&A advisory. His instructional background features a BA from Colgate College and an MBA from Columbia Enterprise College. He lives in Westport, CT, along with his spouse and three kids.
FinSMES
20/05/2024
