SierraConstellation Partners, a national interim management and advisory firm to middle-market companies in transition, formed a senior advisor council. The first two members of the council are Chrid Tedford and Jon D. Pedersen.
Tallwood Venture Capital arranged $27.9 million in debtor-in-possession financing for Wave Computing, which filed for relief under Chapter 11 of the Bankruptcy Code. In addition, Lawrence Perkins of SierraConstellation Partners will serve as the company’s chief restructuring officer.
SierraConstellation Partners hired Bill Partridge as a managing director, Merv Merzoug as a director in the firm’s New York office and Elizabeth Knapp as executive assistant to Tom Lynch, the head of the firm’s Boston office.
SierraConstellation Partners, a national interim management and advisory firm to middle-market companies in transition, has hired Basil Karampelas as a managing director based in the firm’s Houston office.
Drew McManigle, a managing director at SierraConstellation and head of its Houston office, has been promoted to lead the firm’s operations throughout the Southwest.
SierraConstellation Partners opened two new offices in Texas. The Dallas office will be headed by SCP partner and managing director Tim Hassenger, and the Houston office will be headed by SCP managing director Drew McManigle.
SierraConstellation Partners hired Drew McManigle as a managing director. McManigle has more than 25 years of experience in operational leadership, business turnarounds and financial restructurings.