Irving Place Capital has appointed Carlos Cardoso as a new Senior Advisor to the firm. Mr. Cardoso will be responsible for identifying and pursuing manufacturing and distribution investments in the industrial sector.
“I am excited to join Irving Place Capital and look forward to helping expand the industrial practice,” said Mr. Cardoso. “Joining forces with a firm that is already well positioned in this area will enable me to effectively apply my knowledge and experience serving customers.”
Mr. Cardoso was formerly Chairman and CEO of Kennametal, a maker of metalworking tools. Mr. Cardoso spent more than a decade at Kennametal, the last nine years of which he served as CEO. As CEO, he more than doubled profitability and actively diversified the business mix, market reach and end-market exposure of the company. Prior to Kennametal, he held executive roles at Flowserve and Honeywell.
“Carlos is a valuable addition to our team. His relevant experience and focus on operational excellence will be tremendous assets as we evaluate new opportunities and drive value creation strategies at our portfolio companies,” said Devraj Roy, Partner at Irving Place Capital. “Working with executives of his caliber allows us to aggressively pursue opportunities with the confidence that we will realize the full potential of our investments.”
Irving Place Capital makes buyout, recapitalization and growth capital investments in the industrial, packaging, consumer and retail sectors. Since its formation in 1997, Irving Place Capital has been an investor in 60 companies and manages over $4 billion, including its current $2.7 billion institutional fund. The firm is based in New York (www.irvingplacecapital.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 8-4-15
