Aurora Resurgence, an affiliate of Aurora Capital Group, has appointed Sean Ozbolt as a Partner. Mr. Ozbolt has seventeen years of private equity and credit investment experience across a variety of industries, including industrial manufacturing, consumer products, healthcare, business services and energy. He is based in the firm’s Los Angeles office.
“We are delighted to strengthen our leadership team with the addition of Sean and look forward to drawing on his proven capabilities in all stages of the investment process, as well as his operational, strategic and financial management expertise,” said Steven Smith, Managing Partner of Aurora Resurgence. “Sean’s broad network coupled with his extensive transaction and management experience will prove beneficial as we continue to grow our portfolio in our second Resurgence fund. With a strong team, a broad and flexible mandate and a substantial capital base, Aurora Resurgence II is well positioned to capitalize on complex middle market opportunities in a wide variety of industries and geographies.”
Prior to joining Aurora Resurgence, Mr. Ozbolt served as Managing Director at Bayside Capital, an affiliate of H.I.G. Capital. At Bayside Capital, he was a senior member of the special situations investment team, leading distressed private equity and opportunistic credit investments for H.I.G. Capital. Prior to joining Bayside in 2005, Mr. Ozbolt was an Associate at Saunders, Karp & Megrue, a middle market private equity firm managing over $1.5 billion of equity capital. Prior to Saunders Karp & Megrue, Mr. Ozbolt worked at J.H. Whitney & Co., with a focus on investing control and minority equity and mezzanine debt capital. Mr. Ozbolt started his career at First Union Securities as an Analyst in the Leveraged Finance Group. Mr. Ozbolt received a BS in Commerce from the University of Virginia.
“It is an honor to join Aurora Resurgence’s seasoned, high-quality team. Aurora has a proven business strategy supported by long-standing investors and I am excited by the numerous prospects for future growth,” said Mr. Ozbolt.
Aurora Resurgence closed its second resurgence fund, Aurora Resurgence Fund II LP in October 2013 with $550 million in capital commitments. Resurgence Fund II continues Aurora’s strategy of investing in the equity and junior capital of middle market companies, seeking controlling positions in complex situations created by operational or financial challenges (www.aurorares.com).
“Sean’s appointment to Aurora Resurgence will be highly complementary to our existing world-class team. I am confident that his deep understanding of value creation in distressed private equity and opportunistic credit investments will enable him to bring meaningful insights to both our current and prospective investments,” said Gerald Parsky, Chairman of Aurora Capital Group.
Aurora Capital focuses principally on control-investments in middle-market industrial, manufacturing and service oriented businesses. The firm, founded in 1991, has $2 billion of capital under management and is headquartered in Los Angeles (www.auroracap.com).
2014 PEPD • Private Equity’s Leading News Magazine • 7-14-14