SOURCE: Summit Partners

Summit Partners

January 14, 2016 17:00 ET

Global Growth Equity Investor Summit Partners Announces Seven Promotions

BOSTON, MA and MENLO PARK, CA--(Marketwired - Jan 14, 2016) - Summit Partners, a leading global growth equity firm, today announced seven promotions in its Boston and Menlo Park offices. David Averett, Adam Britt, Andrew Collins, Robert Hassell and Michael Medici were promoted to Managing Director; Jesse Lane was promoted to Principal and Gabriel Carreiro was promoted to Vice President.

"We are very pleased to announce the well-deserved promotions of these exceptionally talented professionals," commented Peter Y. Chung, Managing Director and Chief Executive Officer of Summit Partners. "These colleagues have distinguished themselves with their personal integrity, their professional achievements and their commitment and dedication to our portfolio companies and investors."

David W. Averett has been promoted to Managing Director. Dave joined Summit in 2010 and leads our Peak Performance Group. He oversees the day-to-day management of PPG engagements across all geographies and has been instrumental in building the team to support both our investment and portfolio management processes. In addition, Dave serves as a director of Summit portfolio companies MedOptions, NetBrain and Parts Town. Prior to Summit, Dave held operational and strategic leadership roles at a variety of companies, including Immco Diagnostics and George Group (acquired by Accenture). He holds a BS in mathematical sciences from the U.S. Military Academy at West Point and an MBA from Goizueta Business School, Emory University.

Adam D. Britt has been promoted to Managing Director. Adam joined Summit in 2010. He is a founding member of Summit Partners Credit Advisors and leads the structuring and negotiation of the firm's private credit investments. Prior to Summit, Adam worked for Guggenheim Investment Management as a member of the leveraged credit group. He holds a BBA in finance from The College of William & Mary and a JD, cum laude, from Villanova University School of Law.

Andrew J. Collins has been promoted to Managing Director. Andy joined Summit in 2008, was promoted to Vice President in 2011 and has served as a Principal since 2014. Andy has led investments in over a dozen leading enterprise software and internet companies. His board directorships and investment experience includes Delphix, JAMF Software, NetWitness (acquired by EMC Corporation), Philz Coffee, RiskIQ, Reverb.com, Uber Technologies, Ubiquiti Networks (NASDAQ: UBTN), WebAction, Wildfire Interactive (acquired by Google), Winshuttle and Wowza Media Systems. Prior to Summit, Andy worked in the Mergers & Acquisitions group at Banc of America Securities. He grew up in Chicago and holds a BS in finance from Miami University.

Robert M. Hassell has been promoted to Managing Director. Rob joined Summit in 2010 and is a founding member of Summit Partners Credit Advisors. He currently leads the credit team's origination efforts in the healthcare, aerospace / defense, business services, and paper and packaging sectors. Rob's investment experience includes Act for Health, Covenant Surgical Partners, CrossFit and Golden Entertainment (NASDAQ: GDEN). Prior to Summit, Rob worked for Guggenheim Investment Management as a member of the leveraged credit group. Rob holds a BA in political science from Williams College. In addition, he is a CFA charterholder.

Michael A. Medici has been promoted to Managing Director. Michael joined Summit as an Associate in 2005, was promoted to Vice President in 2009 and has served as a Principal since 2012. Michael focuses primarily on the technology sector, and his board directorships and investment experience includes Acacia Communications, Accedian Networks, Anesthetix (acquired by TeamHealth), ApoCell, Diagnostic Hybrids (acquired by Quidel Corporation), Fermentas International (acquired by Thermo Fisher Scientific), Hiperos (acquired by Opus Global), Logi Analytics, Mi9 Retail, NetBrain Technologies, PeerApp, Telerik (acquired by Progress Software) and Zenoss. Prior to Summit, Michael worked for Prudential Capital Group. He holds a BS in finance and international business from Georgetown University.

Jesse Lane has been promoted to Principal. Jesse joined Summit as an Associate in 2007 and rejoined the firm as a Vice President in 2012. He focuses primarily on the healthcare and life sciences sectors, and his board directorships and investment experience includes Advance Health, ApoCell, COMS Interactive, Heart to Heart Hospice, MedOptions, Modernizing Medicine, My Dentist, Wellcentive and Winshuttle. He holds an AB in government from Harvard University and an MBA from the Stanford Graduate School of Business. 

Gabriel N. Carreiro has been promoted to Vice President. Gabe joined Summit as a Senior Associate in 2013. As a member of Summit Partners Credit Advisors, Gabe has made significant contributions to the team's internal legal efforts related to deal structuring and execution. Prior to Summit, Gabe was a finance attorney at Brown Rudnick. He holds a BS, cum laude, from Endicott College, and a JD, summa cum laude, from Suffolk University Law School. 

About Summit Partners

Founded in 1984, Summit Partners is a global growth equity firm that is currently investing more than $6.5 billion into equity and fixed income opportunities. Summit has invested in more than 430 companies in healthcare, life sciences, technology and other growth sectors. These companies have completed more than 135 public offerings, and more than 160 have been acquired through strategic mergers and sales. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.

In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners LLP, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners LLP is a limited liability partnership registered in England and Wales with registered number OC388179 and its registered office is at 20-22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners' potential financing capabilities for prospective portfolio companies.

Contact Information

  • Contact:
    Meg Devine
    Summit Partners
    (617) 824-1047
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