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Markus Noe-Nordberg Joins H.I.G. Capital as Head of European Middle Market Private Equity

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H.I.G. Capital, a leading global alternative asset investment firm with over ‚¬26 billion of equity capital under management, announced today that Markus Noe-Nordberg has joined H.I.G. as a Managing Director and Head of Middle Market Private Equity in Europe.

Based in London, Markus will lead H.I.G.s middle market private equity activities in Europe. He has 30 years of experience in finance and leveraged buyouts. Prior to joining H.I.G. Capital, he was a partner and founding member of Pamplona Capital. Before that, he was a Managing Director and co-head of the financial sponsors group at Goldman Sachs in London.

Sami Mnaymneh and Tony Tamer, H.I.G. co-founders and CEOs, commented, We are delighted to welcome Markus to H.I.G. His background and experience make him ideally suited to successfully lead our new European middle market private equity initiative.

In commenting on his new role, Noe-Nordberg added, I am excited about building upon H.I.G.s success in Europe in the small cap/lower midcap market, where the firm has built a leading private equity practice across five offices. We are now extending our investment focus to also include larger transactions with a value in the ‚¬250 to ‚¬750 million range, a segment of the market in which the firm has successfully participated in the U.S. for over a decade.

About H.I.G. Capital

H.I.G. is a leading global private equity and alternative assets investment firm with over ‚¬26 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, Bogot¡, Rio de Janeiro and S£o Paulo, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused/value-added approach:

1. H.I.G.s equity funds invest in management buyouts, recapitalizations and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.

2. H.I.G.s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. is also a leading CLO manager, through its WhiteHorse family of vehicles, and manages a publicly traded BDC, WhiteHorse Finance.

3. H.I.G.s real estate funds invest in value-added properties, which can benefit from improved asset management practices.

Since its founding in 1993, H.I.G. has invested in and managed more than 300 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of ‚¬28 billion. For more information, please refer to the H.I.G. website at www.higcapital.com.

* Based on total capital commitments managed by H.I.G. Capital and affiliates.

H.I.G. Capital
Jordan Peer, P +44 (0) 207 318 5700
Managing
Director
[email protected]

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Fast-Track the Time to Care Act: Steelworkers

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The United Steelworkers union (USW) is calling on the Ontario government to commit today to fast-tracking legislation that will vastly improve care for residents of long-term care homes across the province.

Bill 13, the Time to Care Act, heads to second reading in the legislature this evening. This is the perfect time for Doug Fords Conservative government to do the right thing and pass this legislation into law, said Marty Warren, USW Director for Ontario and Atlantic Canada.

The Time to Care Act, a private members bill advanced by New Democrat MPP Theresa Armstrong, will legislate a standard of four hours of hands-on care per resident per day in long-term care homes.

The bill faces second reading this evening, with a vote by MPPs expected to follow tomorrow. However, the Official Opposition NDP and long-term care advocates are calling on the government to agree to fast-track and pass the legislation into law.

Everyone “ except to date the Ford government “ agrees that raising the minimum standard of care in Ontarios long-term care homes is vital and long overdue, Warren said.

This standard of care has even been recommended by the governments own commission that is investigating the catastrophic deaths and suffering in the long-term care system during the pandemic, he added.

What is this government waiting for?

Opposing or delaying passage of this legislation is cruel and a betrayal to residents and staff of long-term care homes across Ontario, said Audra Nixon, a personal support worker in a long-term care facility and the president of the USW District 6 Health Care Council that represents thousands of workers.

Every day this legislation is delayed is another day that our seniors are denied the level of care and dignity they deserve. It is another day that workers in under-staffed homes face impossible demands, debilitating stress and the heartbreak of witnessing first-hand the suffering of vulnerable residents they care for, Nixon said.

Marty Warren, USW Director for Ontario and Atlantic Canada, 416-243-8792

Audra Nixon, President, USW District 6 Health Care Council, 613-551-1386, [email protected]

Bob Gallagher, USW Communications, 416-544-5966, 416-434-2221, [email protected]

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Samsung and VeriSilicon Enable Blaize to Meet Aggressive Time-to-Market Goals for New AI Edge Processor

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Samsung Electronics Co., Ltd., a world leader in advanced semiconductor technology, in collaboration with design services provider, VeriSilicon, has successfully supported the on-time market launch of AI Edge computing startup Blaizes hardware platform, despite the COVID-19 pandemic.

Leveraging Samsung Foundrys 14nm FinFET process technology and VeriSilicons chip design expertise and IP, Blaize is now offering its AI Edge computing Pathfinder and Xplorer platforms equipped with the Blaize Graph Streaming Processor (GSP), bringing a new class of powerful AI compute capabilities to edge applications such as industrial, smart city, automotive sensor fusion, last mile delivery and retail.

Blaize, based in El Dorado Hills, Calif., is addressing a fundamental issue in Edge AI application deployment: existing solutions are either unable to handle the required computational load, or too costly and difficult to implement in products. At the heart of Blaizes solution is a 100% programmable hardware platform that offers an unprecedented combination of low-latency AI processing, low energy demand, multi-sensor AI analytics, and an accompanying suite of software tools that greatly simplify and accelerate the AI development process.

We built our architecture for Edge AI, rather than adapting it from designs developed for larger settings like data centers and Cloud applications, explains Santiago Fernandez-Gomez, Blaize vice president of platform engineering. Our customers are asking for solutions that are a fraction of the size, use much less power, and can be tailored to their specific market requirements.

Blaizes platform strategy implementation faced a critical challenge: quickly bringing a robust product to market. For both technical and business reasons, our number one goal was to get into production and have products to sell, so we needed working GSP chips as soon as possible. That made a mature process node a top priority, notes Fernandez-Gomez.

At the outset of Blaizes engagement, Samsung Foundry assessed initial plans and goals for the GSP and recommended involving VeriSilicon, a one-stop source for custom silicon solutions and semiconductor IP, with an extensive track record including other AI-related projects.

The Blaize GSP project is a perfect example of why Samsung Foundry has prioritized development of the Samsung Advanced Foundry Ecosystem (SAFE) partnership program, as we pursue our goal of delivering flawless execution, states Hong Hao, senior vice president of Foundry Business at Samsung Electronics. Providing well-integrated access to VeriSilicons design and IP expertise allows a young and innovative company like Blaize to leverage the full breadth and value of our leading process technologies in the most efficient way.

It is a compelling chip design, and the Blaize team has a very good technical background and competence in collaborating across multiple sites, recalls Dr. Mahadev Kolluru, VeriSilicons vice president for North America platform solutions sales. An early order of business was selecting the optimal manufacturing process node; after evaluation of many options, Samsung Foundrys 14nm FinFET process emerged as the ideal choice for this product.

When we considered the target applications for the initial chip, and the fact that much of the required IP at the time was not yet available in more advanced nodes, the mature node made sense, says Dr. Kolluru. Cost is always a concern for everyone. And given our experience working with Samsung on this process over the years, we were confident it was the best path to first-time silicon success.

In those initial few months, the Samsung Foundry team worked hand-in-hand with VeriSilicon, going through every possible design method that would give us the combination of performance and power consumption we required, recalls Fernandez-Gomez. The Samsung foundry brought solutions to the table beyond the standard flows that allowed us to fully meet out targets.

Another key factor was effective supply chain planning. Despite the Covid-19 pandemic and global materials supply shortage, VeriSilicon was able to reserve production capacity not only with Samsung foundry but also with packaging, assembly, and test contractors.

The process rolled forward smoothly through 2019 and into 2020, with teams across locations working together in seamless fashion to address design challenges like system timing and integration of complex machine-learning IP blocks with the graphic-processing elements of the chip. VeriSilicon also provided a verification platform that allowed Blaize to begin developing drivers for the hardware platform. All systems were ready for scheduled tape-out in February when the global COVID-19 forced the lockdown of companies worldwide. VeriSilicon had to close offices 2 weeks before tape-out, but quickly adapted to working remotely along with the Blaize teams who were also transitioning to working remote, to deliver on the original target date.

Even better, when first silicon arrived, the samples were good enough to go directly into production. In my experience, adds Fernandez-Gomez, it can often take six to nine months to go from first silicon to customer samples, and 12 to 18 months to a full production run. VeriSilicon delivered customer samples in two months and the silicon was pretty much perfect, and we will be in real production after six months.

Samsungs Hao calls the project a success story that shows how a collaborative team effort can solve tough problems and meet ambitious goals. It is tremendously satisfying to work alongside people of the caliber found at Blaize and VeriSilicon, and to see so much knowledge and capability coming together in service of these exciting new Edge AI applications.

Editorial Contact:

Lisa Warren-Plungy

Samsung Semiconductor, Inc.

[email protected]

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Introducing TRAY DineSafe: Contactless Software Suite for Post-COVID Dining Launches with New York Restaurant Franchise

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TRAY, the industrys leading full-service Enterprise Restaurant Management Platform, announced DineSafe, a suite of new contactless self-service features that enables the safest Post-COVID dining experience of any system. TRAY unveiled a modernized Automat Food Locker and Virtual Drive-Through system that works in conjunction with digital menus, free standing self-service kiosks, and mobile and in-app ordering; a completely contactless, automated platform built exclusively for restaurants.

Were committed to helping the restaurant industry apply technology to solve their COVID-related challenges centered around diner and employee safety, allowing them to increase revenue, improve operations, and attract, retain, and delight guests, said Ohad Jehassi, CEO of TRAY. During these times, the number of restaurants seeking to introduce self-service technology into their operations is skyrocketing as businesses look for ways to adapt to rapidly changing customer needs. We are the only enterprise-class system that offers a truly contactless, turnkey solution.

Introducing TRAY DineSafe

DineSafe by TRAY allows restaurants to operate safely and profitably Post-COVID. Restaurant operators will have access to a full suite of tools and services built to eliminate contact and keep guests safe. Unlike other contactless options, DineSafe is a truly zero human interaction ordering solution that completely eliminates any person-to-person exposure throughout the customer journey.

Customers can order ahead or scan a QR code at the TRAY kiosk, enabling them to order directly from their mobile phone. Their order will be sent to TRAYs glove-enabled kitchen display system. Customers will receive real time order status updates via digital menu boards and text messages. Once the order is complete, it will be placed into a self-sanitizing, temperature sensitive food locker. Customers will receive a QR Code that will unlock the appropriate locker.

TRAYs first DineSafe deployment will be with Brooklyn Dumpling Shop, a new concept by New York franchise operator Stratis Morfogen that will set the standard for safe dining Post-COVID.

I decided to work with a cutting edge ahead of the curve company. The people behind TRAY – are basically answering all the present issues that were facing in our industry, said Stratis Morfogen, Founder, Brooklyn Dumpling Shop. TRAY is addressing these issues with creative technology this industry has never seen before.

Reinventing Yesteryears Innovations — the Automat and Drive-Through

TRAY and Brooklyn Dumpling Shop have reinvented yesteryears keystone innovations with the DineSafe Automat and Virtual Drive-Through. These modern iterations of familiar restaurant technology have been given a facelift with DineSafe – allowing customers to order and pick up their food with minimal staff and touchpoints.

“The Automat was single-handedly the greatest fast-food distribution equipment ever designed. The technology were bringing to Brooklyn Dumpling Shop is unlike anything seen before, which will allow us to create an order from a customers cell phone, to our touchless ordering kiosk, right to our lockers to bring quick serve restaurants into the 21st century, says Brooklyn Dumpling Shops Stratis Morfogen.

DineSafe has also reinvented the Drive-Through with ordering from designated touchless kiosks which display a green light when meals are prepared and ready to be picked up from a designated food locker. Brooklyn Dumpling has reduced the fulfillment time between order and pick-up to under 3 minutes without any human interaction or physical contact.

TRAY is rolling out DineSafe alongside Brooklyn Dumplings aggressive expansion. Together theyve endeavored to create the safest dining experience possible, while increasing an outlets profits by operating at half the footprint of a traditional QSR. These revamped, classic innovations will redefine the standard of the quick service restaurant, Post-COVID.

TRAY Point of Sale and Kiosk provides enterprise applications for quick service, fast casual, table service and cloud restaurant chains with complex business needs. TRAYs key tasks are easy to implement, including location setup, menu control, generation of real-time reports, inventory management, and other critical operations. TRAY is a complete restaurant management platform built to help restaurants grow revenue and deliver quality guest experiences.

Brooklyn Dumpling Shop has turned classic diner staples into dumplings and offer never-ending options to choose from. The NYC restauranteur and founder Stratis Morfogen took his familys legacy trade, the New York Greek diner, and reinvented it as this winning combination of diner dishes in delectable dumpling form.

Jerry Chavez — Head of Marketing

Phone #: 602-654-1927

Email: [email protected]

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