Riverside’s private equity

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Riverside Promotes 13 Around the World After Successful 2009 March 17, 2010

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Firm Benefits From Deep Bench of Global Talent While Navigating Challenging Year

Coming off of a 2009 that demanded the best efforts from everyone in its organization, The Riverside Company recently promoted 13 employees across its 18 global offices. The promoted individuals were part of a team of more than 180 professionals worldwide that helped the firm outperform its peers and the market as it grew the value of its portfolio 7% last year.

“We’re especially proud to be retaining and promoting talent despite the tough macroeconomic conditions we’ve seen since the fall of 2008,” said Co-CEO Stewart Kohl. “It’s a testament to the capabilities of our deep global team. Our results show how important it is to build a great organization, and ours is fully intact and poised to take advantage of all the opportunities we see before us in 2010 and beyond. Having plentiful financial capital is the ante, but having proven human and intellectual capital is the trump card.”

In Asia, Riverside announced the promotion of:

  • Simon Feiglin, from Principal to Partner. Simon joined the firm in 2007 and has worked with both the Riverside Micro-Cap Fund and the Riverside Asia Fund.

In North America, the promotions included:

  • Sarah Roth, from Vice President to Principal. Sarah joined Riverside in 2005 and has since completed seven acquisitions and two exits while working closely with Riverside’s healthcare services team.
  • Marty Graul, from Senior Associate to Vice President.
  • Eric Keen, from Senior Associate to Vice President.
  • Ashok Reddy, from Senior Associate to Vice President.
  • Steven Burns, from Associate to Senior Associate.
  • Ryan Richards, from Associate to Senior Associate.
  • Dan Haynes, from Analyst to Associate.

The European team promoted five professionals:

  • Peter Parmentier, from Director European Tax & Legal Counsel to European General Counsel. Peter joined the firm in 2007 and has provided legal counsel on transactions, and fund and management company issues in Europe. He also supports Riverside’s efforts in Asia.
  • Rafael Álvarez-Novoa, from Associate to Senior Associate.
  • Marcin Goszyk, from Associate to Senior Associate.
  • Nils Schander, from Associate to Senior Associate.
  • Sven-Hendrick Schulze, from Analyst to Associate.

These promotions come on the heels of the early January moves of European team members Karsten Langer and Juan Barnechea. Karsten went from Origination Partner to Transacting Partner for the Benelux region while Juan became the leader of the European Origination team after serving two years as Origination Vice President for Iberia.

“It’s always nice to promote people, particularly when they earn their promotions by helping us generate superior returns for our investors,” said Riverside Co-CEO Béla Szigethy. “Last year was unusually difficult, and we relied on our operating expertise and extensive team of professionals to optimize the performance of our portfolio. We look forward to having another year dedicated to driving growth and finding more reasons to recognize our exceptional staff around the world.”

The Riverside Company (www.riversidecompany.com or www.riversideeurope.com)
The Riverside Company is a global private equity firm focused on acquiring leading small and medium-sized enterprises (with a value of up to $200 million) and partnering with strong management teams to enhance the success of its companies through acquisitions and organic growth. Since its founding in 1988, the firm has invested in 225 transactions with a total enterprise value of $5.0 billion/€4.2 billion. The investment portfolio in North America, Europe and Asia includes 70 companies with annual sales totaling $3.3 billion/€2.5 billion, EBITDA of $506 million/€384 million and more than 13,000 employees (June 2009). Riverside offers the resources to complete acquisitions smoothly - thanks to its more than $3.0 billion/€2.4 billion in assets under management, its more than 180 professionals in 18 offices (Atlanta, Brussels, Budapest, Chicago, Cleveland, Dallas, Hong Kong, Los Angeles, Luxembourg, Madrid, Munich, New York, Prague, San Francisco, Seoul, Stockholm, Tokyo and Warsaw) and its longstanding relationships with partner lenders. According to Thomson Venture Economics, eight of Riverside’s nine mature funds rank in the top 25% of all funds (as of 30 June 2009). The firm’s investors include the world’s leading pension funds, endowments, funds of funds, insurance companies and banks.

Media Contact

Holly Mueller
Communications Consultant
The Riverside Company
+1 216 535 2236