Continuation Fund Provides Incremental Capital to Accelerate Growth and Support Future M&A New York, NY,…
NEW YORK AND SAN FRANCISCO, January 12, 2005 — Behrman Capital, a private equity investment firm, today announced that Simon P. Lonergan has joined the firm as a Partner.
“We are very pleased to welcome Simon Lonergan to Behrman Capital,” said Grant G. Behrman, Managing Partner of Behrman Capital. “Simon’s 11 years of experience cover all aspects of private equity, ranging from originating investments through working with management teams to create value and ultimately achieve liquidity. As a partner and member of The Blackstone Group’s private equity investment committee and as a board member of eight portfolio companies, Simon has been involved in numerous highly successful transactions which have led to realizations in excess of $1.9 billion. We are pleased that he will be joining us.”
“Behrman Capital is distinguished in the middle market by its classic approach to value creation, and I am delighted to join the firm,” said Mr. Lonergan. “Since its inception in 1991, Behrman’s hallmark has been its rigorous analysis, conservative capital structures, and proactive approach to deal sourcing, executed in close working partnership with operating executives. It’s a terrific formula, and I look forward to working with my colleagues in New York and San Francisco.”
Prior to joining Behrman Capital, Mr. Lonergan, 36, was a Senior Managing Director at The Blackstone Group where, based in London, he co-led Blackstone’s pursuit of European private equity transactions. Mr. Lonergan joined Blackstone as an Associate in its New York office in 1996, was named a Vice President in 1997 and a Principal in 1998, becoming a Senior Managing Director in 2001. During his time at Blackstone, Mr. Lonergan had significant involvement in eleven transactions across a range of sectors including media, communications, and specialty packaging.
Mr. Lonergan was involved in the execution of investments in such companies as Bresnan Communications, CommNet Cellular, InterMedia Partners VI, TWFanch-one and TWFanch-two, the Spirit Group, and Graham Packaging. Mr. Lonergan served as a director of eight portfolio companies.
Prior to joining Blackstone, Mr. Lonergan worked for Bain & Company as a Consultant from 1989 through 1992 and for Bain Capital in Boston as an Associate from 1992 through 1994. While at Bain Capital he was involved in completing three investments in a Bain Capital $350 million fund.
Mr. Lonergan earned an MBA in Finance from Harvard Business School in 1996, serving as a Summer Associate at Goldman, Sachs in 1995. He earned a BA in Mathematics and Economics from the University of Cambridge in 1989.
Based in New York City and San Francisco, Behrman Capital was founded in 1991 by Grant G. Behrman and Darryl G. Behrman. The firm invests in management buyouts, leveraged buildups and recapitalizations of established growth companies and provides expansion capital to emerging growth companies. The company’s investments are focused primarily in four industries: information technology, contract manufacturing, outsourcing and healthcare. The firm currently has a combined capital base of $1.8 billion.
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For Behrman Capital:
David Lilly / Michael Freitag
Kekst and Company