Estado Novo

The 50th anniversary of Portugal’s Carnation Revolution – the peaceful uprising that toppled a dictatorship and ended a decade of colonial war

Retrieved on: 
Thursday, April 25, 2024

The work of photographer Alfredo Cunha features prominently in many – he authored a book compiling the most emblematic images of this period.

Key Points: 
  • The work of photographer Alfredo Cunha features prominently in many – he authored a book compiling the most emblematic images of this period.
  • Many of those who organised the revolution are still alive today and have been present at events to mark the anniversary.

The roots of the revolution

  • This led a section of the country’s army to rise up.
  • Carlos de Almada Contreiras, a captain in the Portuguese navy, played a prominent role in the revolution.

International support

  • María José Tiscar, for example, argues that Franco repaid Salazar’s help during the Spanish civil war with political, military and diplomatic support during the Portuguese colonial war (1961-1974), sometimes covertly.
  • From 1965 onward, Cuba provided support in training guerrilla forces from the colonial liberation movements fighting the Estado Novo, first in Guinea Bissau and Cape Verde, and then in Angola and Mozambique.
  • A year after the final departure of Portuguese troops from Africa in 1976, the Portuguese far-right, with the support of the CIA, bombed the Cuban embassy in Lisbon, claiming the lives of two diplomats.

Celebrating peace

  • Images abound of young soldiers with carnations in their rifles, and of the joyous faces of those celebrating the fall of the Estado Novo.
  • The city’s streets and boulevards are also adorned with many murals paying tribute to the events of 25 April 1974.
  • No other country in the region has so recently experienced a revolution that gave way to its current democratic government.

Democratic revolution

  • Five decades after the revolution erupted, Portugal has followed a unique path to democracy.
  • Once the Estado Novo and its apparatus of oppression had been dismantled, power was swiftly handed over to civilians, and military officials ceased to hold political positions.


Fernando Camacho Padilla no recibe salario, ni ejerce labores de consultoría, ni posee acciones, ni recibe financiación de ninguna compañía u organización que pueda obtener beneficio de este artículo, y ha declarado carecer de vínculos relevantes más allá del cargo académico citado.

NEW STATE CAPITAL PARTNERS ACQUIRES AGILITY RECOVERY SERVICES

Retrieved on: 
Thursday, November 30, 2023

LARCHMONT, N.Y., Nov. 30, 2023 /PRNewswire/ -- New State Capital Partners ("New State"), a middle-market private equity firm that partners with entrepreneurially minded management teams, announced today its acquisition of Agility Recovery Services ("Agility" or "the Company"). Agility serves as a transformative add-on to New State's existing business continuity platform, which includes AFIMAC Global Inc. ("AFIMAC"), a leading provider of staffing, emergency response, security, and risk management services. Terms of the transaction were not disclosed. New State initially invested in AFIMAC in August 2022.

Key Points: 
  • LARCHMONT, N.Y., Nov. 30, 2023 /PRNewswire/ -- New State Capital Partners ("New State"), a middle-market private equity firm that partners with entrepreneurially minded management teams, announced today its acquisition of Agility Recovery Services ("Agility" or "the Company").
  • Headquartered in Atlanta, GA, Agility Recovery Services has served blue-chip customers in banking, insurance, government, healthcare, and professional services for over three decades.
  • Mr. San Fratello brings over two decades of executive leadership in business services and emergency response to Agility.
  • Morgan, Lewis & Bockius acted as legal advisors, Raymond James provided financial advisory services and Piper Sandler provided debt advisory services to New State.

NEW STATE CAPITAL PARTNERS ADDS WILL SWAYNE AS SENIOR PRINCIPAL

Retrieved on: 
Thursday, November 16, 2023

LARCHMONT, N.Y., Nov. 16, 2023 /PRNewswire/ -- New State Capital Partners ("New State") today announced it has hired Will Swayne as Senior Principal.

Key Points: 
  • LARCHMONT, N.Y., Nov. 16, 2023 /PRNewswire/ -- New State Capital Partners ("New State") today announced it has hired Will Swayne as Senior Principal.
  • Mr. Swayne has twenty years of investment experience, most recently as a Managing Director at Partners Group, where he led deals in the Professional Services sector.
  • Prior to that, he was a Managing Director at CI Capital Partners.
  • "Will has been a friend of the firm for many years and a prior colleague," said David Blechman, Founder and Senior Principal of New State.

NEW STATE-BACKED PATUXENT ROOFING & CONTRACTING REBRANDS AS PAX SERVICES GROUP

Retrieved on: 
Tuesday, August 1, 2023

LARCHMONT, N.Y., Aug. 1, 2023 /PRNewswire/ -- Patuxent Roofing & Contracting, Inc., a leading independent provider of re-roofing installation and services, today announced a corporate rebrand as PAX Services Group ("PAX" or "the Company"). In addition, Mike Wade, a proven executive with more than 20 years' experience in facility services and maintenance, has joined the Company as Chief Operating Officer.

Key Points: 
  • LARCHMONT, N.Y., Aug. 1, 2023 /PRNewswire/ -- Patuxent Roofing & Contracting, Inc., a leading independent provider of re-roofing installation and services, today announced a corporate rebrand as PAX Services Group ("PAX" or "the Company").
  • "Rebranding as PAX Services Group reflects the ongoing expansion of both our service offerings and our geographic reach, and Mike [Wade] is the perfect person to help us execute on both these strategic initiatives," said PAX CEO Mike Gowl.
  • "PAX Services Group has a sophisticated team with a strong foundation and tremendous growth opportunities.
  • These remain the pillars of our collective growth strategy as we work toward our goal of making PAX Services Group the premier exterior services company across the U.S."

NEW STATE CAPITAL PARTNERS-BACKED GLOBAL HOLDINGS NAMES STEVEN PETREVSKI AS CHIEF EXECUTIVE OFFICER

Retrieved on: 
Tuesday, June 13, 2023

TULSA, Okla., June 13, 2023 /PRNewswire/ -- Global Holdings, LLC ("Global Holdings" or "the Company"), a provider of payment processing and account management services to the consumer debt settlement industry, announced today that it has named Steven Petrevski as Chief Executive Officer. He replaces Kurt Grossheim, who departed the Company to pursue a new opportunity. Global Holdings is a portfolio company of New State Capital Partners ("New State").

Key Points: 
  • TULSA, Okla., June 13, 2023 /PRNewswire/ -- Global Holdings, LLC ("Global Holdings" or "the Company"), a provider of payment processing and account management services to the consumer debt settlement industry, announced today that it has named Steven Petrevski as Chief Executive Officer.
  • Global Holdings is a portfolio company of New State Capital Partners ("New State").
  • Prior to joining Global Holdings, Mr. Petrevski advanced digital distribution, established global analytics capabilities, and launched new risk solutions as General Manager of Data and Analytic Solutions at Aon.
  • "Over the past 20 years, Global Holdings has handled millions of debt settlement payments simply and safely, becoming a trusted third-party processor for consumers," said Mr. Petrevski.

MARTINEZ STEEL COMPLETES REFINANCING

Retrieved on: 
Wednesday, July 6, 2022

ONTARIO, Calif., July 6, 2022 /PRNewswire/ -- Martinez Steel (or "the Company"), a leading infrastructure construction services company, announced today that it has completed a refinancing with KeyBank. Proceeds will be used to fund continued growth driven by strong infrastructure demand as well as expansion plans. Additional terms of the transaction were not disclosed. Martinez Steel is a portfolio company of New State Capital Partners ("New State").

Key Points: 
  • ONTARIO, Calif., July 6, 2022 /PRNewswire/ -- Martinez Steel (or "the Company"), a leading infrastructure construction services company, announced today that it has completed a refinancing with KeyBank.
  • Martinez Steel is a portfolio company of New State Capital Partners ("New State").
  • Founded in 1994 and headquartered in Ontario, California, Martinez Steel is one of the largest independent rebar subcontractors in the United States.
  • Founded in 1994, Martinez Steel is one of the largest independent rebar subcontractors in the United States.

NEW STATE CAPITAL PARTNERS COMPLETES ESOP RECAPITALIZATION WITH EMPLOYEES OF KLEIN HERSH

Retrieved on: 
Tuesday, May 10, 2022

LARCHMONT, N.Y., May 10, 2022 /PRNewswire/ -- New State Capital Partners ("New State") announced today that it has partnered with the employees of Klein Hersh (or the "Company") to complete a recapitalization through an Employee Stock Ownership Plan ("ESOP"). The Company's senior executives will remain in their leadership roles. New State will retain a stake in the Company in the form of structured equity and warrants. Additional terms of the transaction were not disclosed.

Key Points: 
  • LARCHMONT, N.Y., May 10, 2022 /PRNewswire/ -- New State Capital Partners ("New State") announced today that it has partnered with the employees of Klein Hersh (or the "Company") to complete a recapitalization through an Employee Stock Ownership Plan ("ESOP").
  • Klein Hersh is the country's leading executive search firm serving the healthcare and life sciences industries.
  • Klein Hersh CEO Jason Hersh commented, "Our 48 employees have grown the number of executives we've placed more than 150%, and together with New State, have been instrumental in doubling EBITDA in the less than 18 months.
  • New State Capital Partners is an entrepreneurial-minded private equity firm that strives to be nimble, decisive, and cooperative.

NEW STATE AVIATION HOLDINGS NAMES CEO AND CFO

Retrieved on: 
Monday, February 14, 2022

"Establishing the senior executive team is the first step in growing our aviation-focused platform," said Daniel Han, Senior Principal at New State.

Key Points: 
  • "Establishing the senior executive team is the first step in growing our aviation-focused platform," said Daniel Han, Senior Principal at New State.
  • "We are pleased to welcome Chad and Claude to their new leadership roles and believe their aviation and management experience will prove invaluable as New State Aviation Holdings seeks to expand both organically and through acquisitions."
  • Mr. Draillard has spent over 25 years in the aviation industryand is the founder of AvionGarde, which provides tailored financial solutions to business aviation companies.Previously, he was CFO of GDC Technics, a private equity-owned aviation company.
  • I am also eager to expand the New State aviation platform at such a promising moment in private jets and services."

NEW STATE CAPITAL PARTNERS ADDS THREE EXECUTIVES TO TEAM

Retrieved on: 
Thursday, January 13, 2022

LARCHMONT, N.Y., Jan. 13, 2022 /PRNewswire/ -- New State Capital Partners ("New State") today announced the addition of three executives and a promotion.

Key Points: 
  • LARCHMONT, N.Y., Jan. 13, 2022 /PRNewswire/ -- New State Capital Partners ("New State") today announced the addition of three executives and a promotion.
  • Before joining New State, she was Director of Investor Relations at Levine Leichtman Capital Partners, a $9B middle-market private equity firm based in Los Angeles.
  • Previously, Ms. Diwan was a part of the investment team at Amzak Capital, and prior to that, Sun Capital Partners.
  • New State Capital Partners LLC is an entrepreneurial-minded private equity firm that strives to be nimble, decisive and cooperative.