Kevin Manion, CFO of NewAge, departed the company on July 1. Lawrence Perkins, who was engaged to provide chief restructuring officer (CRO) and other services to the company along with his firm, SierraConstellation Partners, will assume the role of the company’s principal financial officer on an interim basis.
Tallwood is the secured lender to Wave Computing and its subsidiaries, including MIPS Tech, in the company’s Chapter 11 filing.
SierraConstellation Partners promoted Curt Kroll to managing director, Miles Staglik to senior director and Tim Bossidy to senior director. In addition, the company hired Nevin Shetty as a managing director in Seattle.
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.