Riverside Recognizes Record Year With Promotions, New Hires March 09, 2009
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Firm Promotes 12 and Expands European Team
After setting company records in terms of fundraising and acquisitions in 2008, The Riverside Company has recently promoted 12 employees and made four new hires across its 18 global offices. The promotions were:
- Among investment professionals, Simon Feiglin, Joseph Lee and Trey Vincent were promoted from Vice President to Principal, while Associates Scott Bogard, William Fogle, Marty Graul, Joseph Manning and Ashok Reddy became Senior Associates
- In Fundraising and Investor Relations, Avi Turetsky moved from Assistant Director to Director, and Monica Chase progressed from Analyst to Associate
- The European Origination team promoted William Jaworski from Analyst to Associate, and Damien Gaudin from Junior Analyst to Analyst
Riverside’s Europe Fund continues to expand its capabilities across the continent, thus the firm deepened its bench with additions to its team, including:
- Assistant Director of Marketing & Communications Pablo Fuente who leads the firm’s branding efforts in Europe
- Three investment professionals: Senior Associate Jeroen Lenssen, Associate Nils Schander, and Analyst Sven-Hendrik Schulze
Riverside’s team has been busy thus far in 2009, maintaining a strong investment pipeline and closing three acquisitions: The platform acquisition of Sencore, the add-on acquisition of Horn Book to platform Media Source International, the add-on of Corbett Reporting to platform Veritext.
Béla Szigethy, Riverside Co-CEO
“Our results and ability to weather this unprecedented economic environment are a testament to our employees and their ability to develop and execute Riverside’s strategy quickly and effectively. Riverside’s buy-and-build strategy requires heavy lifting, local knowledge and thousands of hours of labor, but we’ve proven that it generates top-quality results for more than 20 years. We’re thrilled to reward excellence in those who’ve helped us thrive since our founding in 1988.”
Stewart Kohl, Riverside Co-CEO
“Riverside’s long-term success is due in large part to our deep bench of experienced, committed employees. Rewarding their dedication and remarkable efforts provides continuity, particularly during challenging times. Sharing our success is one of the many things that have allowed us to build a proven process of investing that delivers superior value to our partners.”
The Riverside Company is the largest global private equity firm focused on the smaller end of the middle market (“SEMM”) and is one of the industry’s most experienced leveraged buyout investors. Riverside invests in premier SEMM companies valued up to $150 million and partners with strong management teams to build companies through acquisitions and value-added growth. Since its founding in 1988, the firm has invested in 211 transactions with $4.7 billion in enterprise value, and has a current portfolio in North America, Europe and Asia consisting of 69 companies. Riverside offers certainty to close and can complete acquisitions in as little as 45 days, thanks to its more than $2.7 billion of capital under management, over 180 professionals in 18 offices (Atlanta, Brussels, Budapest, Chicago, Cleveland, Dallas, Eindhoven, Hong Kong, Los Angeles, Madrid, Munich, New York, Prague, San Francisco, Seoul, Stockholm, Tokyo and Warsaw), and long-standing relationships with partner lenders. As of the end of September 2008, Riverside’s portfolio had combined annual sales of $3.2 billion, EBITDA of $524 million and more than 14,000 employees. Five of the firm’s eight mature vintages are currently top quartile. Riverside’s investors include the world’s leading pension funds, endowments, funds-of-funds, insurance companies and banks.