Kainos Capital has added Doug Reader to its team as a senior managing director.
Mr. Reader will lead the Kainos operations team and will advise the firm’s portfolio companies with financial, information technology, and operational strategies.
Throughout his 40-year career, Mr. Reader has focused on the consumer goods industry, specifically food, wellness, nutrition, and supplements. Most recently, beginning in March 2021, Mr. Reader was CEO of Arizona Nutritional Supplements, a contract manufacturer specializing in nutritional and dietary supplements.
Earlier, beginning in August 2015, Mr. Reader had been the CFO, COO, and president of SlimFast, a New York-based weight loss and meal replacement business that markets branded ready-to-drink shakes, powders, bars and snacks. Kainos acquired Slim-Fast from Unilever in June 2014 with Unilever retaining a minority stake in the business. Slim-Fast was sold to Glanbia, an Ireland-headquartered nutrition company, in 2018.
“We are excited to welcome Doug back to the Kainos family as the leader of our operations team,” said Andrew Rosen, the managing partner of Kainos. “We believe the dedicated operational resources we provide help make us the partner of choice to consumer products businesses, particularly with family founder-owned businesses seeking transformational growth, as well as corporate carve-outs that require greater infrastructural support and leadership. Having worked with Doug for over a decade, we are confident in his ability to help us create value by building best-in-class food and consumer products companies.”
Dallas-headquartered Kainos invests from $50 million to $200 million of equity in North American food and consumer products companies that have EBITDA from $10 million to $80 million.
In February 2023, Kainos closed its third fund, Kainos Capital Partners III LP, with over $1 billion in capital commitments. Fund III is the largest fund the firm has ever raised. The firm’s second fund closed in November 2016 at its hard cap of $895 million.
© 2023 Private Equity Professional | August 8, 2023
