Private-equity firm Pharos Capital has sold Time Domain, a company that markets ultra wideband products, to a group led by two Birmingham-based peers. Pharos had assumed control of Time Domain four years ago when the company was struggling financially.
Private equity firm Pharos Capital Group, LLC, has a $130 million stake in portfolio company Pioneer Surgical Technology, Inc., following an acquisition by RTI Biologics Inc. Pharos is co-based in Dallas and Nashville. Pioneer, based in Marquette, Mich., is a manufacturer and distributor of metal and synthetic implant products for the orthopedics, biologics, spine, trauma and cardiothoracic markets. Read more here.
Pharos Capital Group has hired Tina Hahn as senior vice president of investor relations. Hahn will contribute to the private equity firm's capital raising and investor services efforts in both its Dallas and Nashville offices.
Prior to joining Pharos, Hahn was the vice president of investor services at CityView. Previously, she co-founded KeyStrat Capital Advisors, where she advised Private Equity General Partnerships on its capital formation strategies.
"As the point person who can anticipate and respond quickly to the needs of our LPs, [Hahn] will be invaluable as our firm continues to grow along with our partner base," Kneeland Youngblood, who co-founded Pharos Capital, said in a release.
Hahn received her Bachelor of Science degree in international affairs from the University of Colorado.
The Nashville office of Pharos Capital, which is led by Mike Devlin, has taken the reins at Time Domain, a Huntsville tech venture in which it had already invested and whose board early this year told investors it was insolvent. The firm has shaken up management and injected more cash into Time Domain, which makes location sensors that use ultrawide bandwidth frequencies.
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