Cohere Capital, a new growth-focused private equity firm, has been launched in Boston by Nik Shah and Daniel Gedney.
Cohere Capital makes majority or influential minority ownership investments across a range of industries but has a specific interest in majority stakes in profitable technology-enabled businesses and healthcare services companies.
From 2007 to 2019, Mr. Shah was with H.I.G. Growth Partners, most recently as a managing director. At H.I.G. he focused on investments in the business services, technology, media, and Internet industries. Earlier in his career, he was with Landmark Partners which invested in lower middle market business services and industrial companies. Mr. Shah has an MBA from Dartmouth and a BA in Biochemical Sciences from Harvard.
“Our focus is on finding market leaders that seek a capital and business partner to help execute on the next phase of their growth and strategic plan,” said Mr. Shah. “We take our partnership approach from our name: Cohere, which means to be united and consistent.”
From 2015 to 2019 Mr. Gedney was with Gauge Capital, most recently as a senior vice president, where he was active in sourcing, evaluating, buying, and monitoring middle market companies in the healthcare services, business services, and consumer services sectors. Earlier in his career, from 2011 to 2015, he was with H.I.G. Capital. Mr. Gedney has a BBA in Finance from the University of Notre Dame.
“Nik and I have known each other for over ten years, including several years together at H.I.G., and I look forward to building a firm and investing with him,” said Mr. Gedney. “We believe that even in a competitive private equity market, the opportunity exists for a differentiated approach. We are excited to start making investments and executing on our strategy.”
Cohere Capital is headquartered in Boston (www.coherecapital.com).
© 2019 Private Equity Professional | June 5, 2019