Paine & Partners has hired Adam Fless to the newly created position of Managing Director – Portfolio Performance. In this new role, Mr. Fless will work with the firm’s portfolio companies to identify and execute on opportunities to strengthen operations and create shareholder value.
Mr. Fless has international experience working with management teams at portfolio companies in the food and restaurant; retail and consumer; automotive, industrial and services industries. Specific areas of focus for Mr. Fless will be operating efficiencies; procurement and supply chain management; value engineering; salesforce effectiveness and strategic partnerships.
“We are excited to have Adam join our firm and work with our current and future portfolio companies in this new position,” said Kevin Schwartz, President and a founding Partner of Paine & Partners. “Adam has a track record of strengthening companies and achieving measurable financial results across industries and geographies.”
Paine & Partners provides equity for management buyouts, going private transactions, and company expansion and growth programs. Sectors of interest include the food and agribusiness industries. The firm is currently investing through its $893 million Paine & Partners Fund IV. Paine & Partners was founded in 2006 and has offices in New York, Chicago and San Mateo, CA (www.painepartners.com).
“I am honored to join Paine & Partners and to work with the management teams at the firm’s agribusiness-focused portfolio companies around the world. I look forward to applying my team-oriented approach to identify and pursue new value creation opportunities for Paine & Partners’ portfolio companies,” said Mr. Fless.
Mr. Fless most recently worked as a Director at KKR Capstone from July 2010 until January 2017. Previously, he worked as a Director at AlixPartners from 2004 to 2010 and as an Associate at A.T. Kearney from 1998 to 2003. Mr. Fless has an MBA from the London Business School and a BA in Economics and International Trade from the University of Waterloo.
© 2017 Private Equity Professional | January 24, 2017
