As Bank of the West’s Chicago office approaches its two-year anniversary, the bank has hired Phil Kain as a new director for its Private Equity Group.
In his new role, Mr. Kain will be responsible for covering middle market private equity groups across the country, developing new business opportunities in financing private equity portfolio companies, structuring and underwriting transactions, and growing the bank’s overall private equity practice.
Prior to joining Bank of the West, Mr. Kain spent nine years at Fifth Third Bank, where he led teams in its Structured Finance Group that engaged primarily in the origination of acquisition financing transactions. From 2000 to 2004, Mr. Kain worked with LaSalle Bank in its Corporate Banking Group in Chicago. He has degrees from the University of Michigan and an MBA from the University of Nevada.
Bank of the West’s Private Equity Group, led by John Thurston since 2011, has been active in the private equity sector for more than a decade. The group provides lending, capital markets, cash management, trade financing, international and other services to private equity-owned companies.
“We are delighted to announce the addition of Phil Kain to further grow our Private Equity Group,” said Mr. Thurston, managing director and area manager of the bank’s Commercial Coverage Group. “Phil has a long history of building strong and deep relationships with private equity sponsors around the country and leading the financing of their portfolio companies. Phil is a great addition to our team.”
Bank of the West, a subsidiary of BNP Paribas, has $69 billion in assets and is headquartered in San Francisco (www.bankofthewest.com).
© 2014 PEPD • Private Equity’s Leading News Magazine • 12-1-14
