Latest news with #GreatHillPartners
The National
2 days ago
- Business
- The National
Park and two more on Rangers board step down after takeover
It's been announced the board has been reconfigured with Graeme Park, Julian Wolhardt and former chairman Alastair Johnston stepping down. They will be replaced by Americans Mark Taber, Andrew Clayton and Gene Schneur. And there will also be new leadership at the top. Fraser Thornton will give up his role as chairman to Andrew Cavenagh, althought the whisky supremo will remain on the board while 49ers Enterprises' boss Paarag Marathe will be vice chairman. Chief Executive Patrick Stewart will also retain a place at the top table, with John Halsted and George Taylor also sticking around. Most of these are names we know fairly well by now, but here's what we know about the lesser-heralded Taber, Clayton and Schneur. Who is Mark Taber? Mark Taber is a managing director at Great Hill Partners, a growth equity firm based in Boston. Taber is said to specialise in healthcare investments and has served on or currently serves on the boards of more than a dozen healthcare companies. He is a trustee of Boston Medical Centre's HealthNet health plan and sits on its finance committee. Who is Andrew Clayton? Andrew Clayton is a Co-Founder and Vice Chairman of ParetoHealth, the health insurance company founded by Andrew Cavenagh. He serves on many business and philanthropic boards and committees, and got his degree from Swarthmore College in economics. Who is Gene Schneur? Schneur is a board member and co-owner of Leeds United. The Florida based businessman is currently the Managing Director and Co-Founder of SBV RE Investments LLC, a real estate firm specialising in multi-family residential properties. From 2004 until its sale in 2023, he co-founded and led Omni New York LLC and Omni America LLC, which ranked among the leading developers of affordable housing in the United States. Under his leadership, Omni expanded to over 800 employees and developed or acquired 94 properties comprising more than 19,000 affordable housing units, with total transaction values exceeding $4 billion. Before establishing Omni, Schneur worked as a Mergers and Acquisitions attorney at Olshan Grundman Frome Rosenzweig & Wolosky LLP in New York.
The Verge
3 days ago
- Business
- The Verge
How private equity kills companies and communities
Today, I'm talking with Megan Greenwell, a former top editor at Wired and Deadspin, about her new book Bad Company: Private Equity and the Death of the American Dream. It comes out on June 10th, and it's a searing account of how private equity goes far beyond impacting failing businesses and deeply affects and transforms the lives of everyday Americans. Decoder is very much a show about the systems and frameworks that explain tech, policy, and business, and that means we've talked about private equity a number of times on the show. Private equity is everywhere across the business landscape, even though its massive influence on how so many companies operate is pretty hidden from view. But once you see it, you start to notice it everywhere, and it's incredibly validating to hear that so many people have had similar experiences with companies managed by private equity. I know this, because it's in our numbers and the feedback we get here on Decoder — our 2023 episode with lawyer and author Brendan Ballou about his book on private equity, Plunder, is one of our most popular episodes. Megan's interest in private equity came from her experience as editor-in-chief of Deadspin, the famous and now-defunct sports and culture website. Deadspin was part of Gawker, and Gawker was taken over by a private equity firm called Great Hill Partners, which began to immediately micromanage Deadspin 's content. That was when Megan first realized that the goals and financial results of a private equity firm were very disconnected from the goals and financial results of the companies it had taken over. Listen to Decoder, a show hosted by The Verge 's Nilay Patel about big ideas — and other problems. Subscribe here! Megan's book is a deep dive into the private equity industry, as expressed in four parts of the economy: retail, media, housing, and — maybe the most maddening of them all — healthcare. My family has a lot of doctors in it, and I've heard so much about how private equity has changed healthcare in the US. You'll hear Megan connect the dots between the financialization of healthcare and the poor experiences many people have with healthcare today. We also spent some time talking about the history of private equity, and the throughline from the New York City real estate world that gave birth to Donald Trump all the way to the private equity industry of today. I think you'll find there is a surprising amount of history here that really does help explain not just how the incentives of finance have come to dominate the American way of life, but also how it's seeped into the highest levels of the government. Perhaps most surprisingly, you'll hear Megan take great pains to differentiate private equity from venture capital, which is very different — and with very different problems. I always really enjoy talking to other editors, especially about something they're so curious about. Let me know what you think about this one. I suspect you will have a lot to say. If you'd like to read more on what we talked about in this episode, check out the links below:
Business Wire
05-05-2025
- Business
- Business Wire
Vision Government Solutions Completes Recapitalization with Great Hill Partners
HUDSON, Mass.--(BUSINESS WIRE)--Vision Government Solutions, Inc. ('Vision' or 'the Company'), a leader in the appraisal, computer-assisted mass appraisal (CAMA), and property tax industry, today announced that it has completed a majority recapitalization with Great Hill Partners ('Great Hill'), a private equity firm that invests in high-growth, disruptive companies. This investment, which also includes participation from Weatherford Capital ('Weatherford') and the existing Vision leadership team, will help drive Vision's growth, accelerate product innovation, and enhance customer experience. As part of the investment, Rubicon Technology Partners, which invested in Vision in March 2021, has exited its stake in the Company. Financial terms of the transaction were not disclosed. Vision provides appraisal services, CAMA software, and GIS technologies to assessing departments across the United States, helping municipalities value properties and manage property taxes. Founded in 1975, the Company currently serves more than 900 jurisdictions, including both small communities and major cities such as New York City and Washington, D.C. Vision's solutions help tax assessors and collectors operate more efficiently, better serve the public, and ensure that property taxes are levied fairly and equitably. Known for its strong focus on customer service, Vision prioritizes valuation accuracy, data quality, and professionalism, all supported by a highly experienced team. 'We're thrilled to welcome Great Hill and Weatherford as our new partners,' said Paul Smith, CEO of Vision. 'Vision has become the clear leader in the appraisal industry through an unrelenting commitment to service, the most flexible, feature-rich CAMA system on the market, unrivaled GIS and mapping offerings, and one of the largest appraisal businesses in the United States. Great Hill and Weatherford are two of the premier investment firms in the world and their investment will empower us to invest more in customers, technology, and our expertise. I see this investment as a definitive proof point that Vision's ascension will continue undeterred into the future. Everyone associated with Vision should be excited. I certainly am.' 'Vision sets itself apart by truly understanding and meeting the unique challenges its customers face,' said Chris Busby, Managing Director at Great Hill Partners. 'The Company has developed a best-in-class platform that is comprised of a modern, intuitive solution paired with unmatched expertise. We're excited to partner with the team to support the Company's continued growth as it brings the benefits of its capabilities to more government agencies across the country.' 'We are excited to partner with Great Hill Partners and the Vision team in this next phase as the Company continues their strategy of providing mission-critical software and services to more assessors and communities across the nation,' said Will Weatherford, Managing Partner at Weatherford Capital. 'We're impressed with the Company's dedication to providing modern best-of-breed solutions and superior customer service to help bring even greater efficiency to government agencies and the public they serve.' Great Hill was advised by Baird who served as financial advisor and Kirkland & Ellis who served as legal counsel. Shea & Company served as the exclusive financial advisor to Vision Government Solutions and Rubicon Technology Partners. Cooley LLP served as legal counsel to Vision Government Solutions. About Vision Government Solutions Vision Government Solutions provides feature-rich, flexible CAMA and Tax software, appraisal expertise, and industry leading GIS solutions. Today, more than 900 communities are part of the Vision family. The Company has earned its reputation through exceptional service, its depth of appraisal expertise, and world-class products that are leading the appraisal industry into the digital future of assessing. For more information, please visit About Great Hill Partners Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $500 million in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 100 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, being ranked in the top five of HEC Paris-Dow Jones' Mid-Market and Large Buyout Performance Ranking lists from 2021-2024. For more information, including a list of all Great Hill investments, please visit About Weatherford Capital Founded in 2015, Weatherford Capital is a family-owned private investment firm with over $1 billion of assets under management. The firm has transacted over 25 platform investments across various sectors, including technology, financials, and business and consumer services. Weatherford Capital focuses on companies operating in business-to-business (B2B), business-to-government (B2G), and other highly regulated industries. The firm has offices in Tampa and Dallas.
