Charlesbank Adds New Operating Partner
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Charlesbank Adds New Operating Partner

charlesbank nf1Charlesbank Capital Partners has hired Neil Kalvelage as its newest Operating Partner.  Mr. Kalvelage joins Charlesbank from Bain Capital where he served for 10 years as operating partner.

Neil Kalvelage nf1Prior to his time at Bain Capital, Mr. Kalvelage was the Senior Director of Portfolio Strategy for The Hershey Company from July 2004 to August 2006. In 2003 he worked in the Corporate Strategy department at PepsiCo. Earlier in his career, he spent nearly five years as a manager at Bain & Company. Mr. Kalvelage has a BS from Penn State and an MBA from Carnegie Mellon.

“Given the growth in our portfolio, we have been evaluating the addition of an operating partner to our team for some time now,” said Josh Klevens, a Managing Director at Charlesbank. “Neil is a skilled leader with an established track record of working with management teams to achieve sustained growth for portfolio companies. He brings deep experience, integrity and an ability to balance strategy with execution. We are thrilled to have him on our team.”

Mr. Kalvelage most recently held board positions at Bain portfolio companies Retail Zoo, an Australian-based quick-service restaurant franchisor (www.retailzoo.com.au); and MYOB, an Australian-based provider of accounting and business services to small and medium sized businesses in Australia and New Zealand (www.myob.com.au).

Charlesbank Capital Partners invests in management-led buyouts and growth capital financings, typically investing from $50 million to $150 million per transaction in companies with enterprise values of $150 million to $1 billion. The firm has offices in Boston and New York (www.charlesbank.com).

© 2016 Private Equity Professional • Private Equity’s Leading News Magazine • 3-10-16

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