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The latest news and updates from NAIC, the largest network of diverse-owned private equity firms and hedge funds.
NAIC E-News Update

The Largest Network of Diverse-Owned Private Equity Firms and Hedge Funds


Heard Capital Joins NAIC

Nominate a Rising Star Today! NAIC Annual Private Equity and Hedge Fund Conference in Chicago

The NAIC is accepting nominations for the NAIC Rising Star Award, which recognizes outstanding young professionals in the financial industry. The award will be presented during the NAIC Annual Private Equity and Hedge Fund Conference October 24-25, 2018 at the headquarters of William Blair & Co., 150 N Riverside Plaza, Chicago. The premier thought leadership event in alternative investments brings together chief investment officers, investment managers, limited partners and industry insiders for networking as well as in-depth industry panel discussions. Nominations can be sent to jlynch@naicpe.com.




NAIC Compliance Corner

Marketing and Advertising Pitfalls: What’s an Investment Adviser to do?

The most common deficiencies cited under the SEC's Advertising Risk Alert were related to misleading performance advertising, showing that advisers need to be extremely careful with inadvertent use of testimonials and endorsements in social media. In this installment of Compliance Corner, ICSGroup takes a look at the marketing and advertising challenges advisers face and offer guidance on how to avoid common marketing and advertising pitfalls, namely the use of testimonials and endorsements, social media, and performance advertising.




NAIC Perspectives

NAIC Perspectives: Sponsors and Advocates Needed

In this installment of Perspectives, NAIC’s online video series, Kelly M. Williams, Senior Advisor, GCM Grosvenor, points out that to truly move the needle towards greater gender diversity, male and female private equity leaders are needed to serve as advocates to help show junior women the path to success and speak on their behalf within their respective firms. She also states that having written promotion policies and reviews are also required to level the playing field.




NAIC Compliance Corner

Get Social: Connect with NAIC on LinkedIn

For the latest industry news, trends, statistics and more, connect with the NAIC on LinkedIn. We will regularly update our network with deal alerts, member profiles, facts and figures, compelling videos, research, industry events, valuable resources and other topics of interest to our membership.




MEMBERS IN THE NEWS


Web.com to be Acquired by Siris Capital Affiliate in Deal Valued at Roughly $2 Billion

Web.com Group, Inc. (NASDAQ: WEB), a leading global provider of a full range of Internet services and online marketing solutions for small and medium‐sized businesses, announced that it has entered into a definitive agreement to be acquired by an affiliate of Siris Capital Group, LLC in an all-cash transaction valued at approximately $2 billion. Under the terms of the agreement, which has been unanimously approved by the members of Web.com’s board of directors, an affiliate of Siris will acquire all of the outstanding common stock of Web.com for $25.00 per share in cash.



Wicks Capital Portfolio Company Acquires World's Largest Nutrition Database

Gladson, a portfolio company of Wicks Capital Partners, announced that it has acquired Nutritionix, the largest verified nutrition database in the world. Nutritionix has developed a leading interactive digital platform that its users can upload, organize, track and publish nutrition data. As a global nutrition database, Nutritionix provides comprehensive nutritional attribution of grocery and foodservice products and restaurant menu items to hundreds of brand manufacturers including restaurant chains, search engines and health apps. They also provide thousands of high-order nutritional attributes, ingredients and "beyond-the-package" allergens to support brands with the SmartLabel product transparency initiative.



Grain Management Acquires Telecommunications Provider

Grain Management, LLC announced that it has entered into a definitive agreement to acquire Great Plains Communications - the largest privately-owned telecommunications provider in Nebraska. Great Plains Communication offers residential services, such as digital phone, high-definition cable television, and broadband Internet through DSL, cable modem, satellite or fiber to more than 90 communities across the state. It also provides business services ranging from traditional voice and data products to installation and support of large business networks with scalable Ethernet solutions. Financial terms of the transaction were not disclosed.



Pharos Capital's Family Treatment Network Acquires CCMC School

Pharos Capital Group, LLC announced that its Family Treatment Network platform has acquired the CCMC School, a provider of comprehensive special education for students, from age five to 21, who require intensive intervention due to a range of behavioral, emotional and learning challenges. Based in New Britain, CT, CCMC School serves more than 100 children annually. Pharos established its Family Treatment Network platform to manage its investments in special schools, psychiatric residential treatment centers and community-based programs for children, adolescents and their families. Additional terms of the transaction were not disclosed.



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