Monomoy Announces New Hire and Promotion of Four Team Members
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Monomoy Announces New Hire and Promotion of Four Team Members

Monomoy Capital Partners, a New York private equity fund focused on value investing and business improvement, has hired Kareem Aktar as a new Vice President and has promoted four of its existing team members.

Prior to joining Monomoy Capital Partners, Mr. Aktar was a Vice President at H.I.G. Capital Management where he focused on transactions in the industrial and business services sectors.  He has also worked as a private equity professional at Corinthian Capital Group, focusing on similar industries. He received his MBA from Harvard Business School and graduated from MIT with an MA and BS in Electrical Engineering and Computer Science.

Monomoy has also promoted John Stewart to Managing Director.  Mr. Stewart, a former senior executive at Toyota Motor Manufacturing, runs Monomoy’s operations group which is responsible for implementing value improvement programs throughout the Monomoy portfolio. Mr. Stewart has been an operating professional with Monomoy for six years.

In addition, Monomoy has promoted three team members effective January 1, 2013. Jaime McKenzie and Lee Mlotek have been promoted to Vice President, and Eric Ceresnie has been promoted to Senior Associate. These three will continue their work reviewing potential acquisitions and leading transactions at Monomoy.

“We are thrilled with the continued development and growth of the Monomoy team,” said Monomoy partner Justin Hillenbrand. “We believe we have assembled the right mix of talented transaction and operating professionals to invest on behalf of our limited partners and to create substantial value in our portfolio companies.”

Monomoy Capital Partners has $700 million in assets under management and makes control investments in middle market businesses in the manufacturing, distribution, consumer product and foodservice industries. Monomoy is currently investing out of its second fund, Monomoy Capital Partners II, L.P., a $420 million vehicle that closed in January of 2011.  Over the past five years, Monomoy has closed over 40 middle market acquisitions, and its companies currently produce over $1.1 billion in combined sales and employ more than 4,500 people.  The firm is headquartered in New York (www.mcpfunds.com).

© 2013 PEPD • Private Equity’s Leading News Magazine • 1-7-13

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