Palladium Equity Partners has promoted Partner Daniel Ilundain to President. Mr. Ilundain has a 21-year history with Palladium, beginning in 2003 as an investor in Palladium when he was an investment manager at BBVA, a Spain-based private equity firm. He joined Palladium in 2005 and currently serves as co-head of Palladium’s middle-market-focused Flagship Funds.
Mr. Ilundain currently serves on the boards of directors of Palladium portfolio companies Accupac, Health Connect America, and Superior Environmental Solutions, and has served as a director of more than a dozen other Palladium portfolio companies.
“Palladium is an extraordinary firm that has been executing a consistent, profitable strategy over decades,” said Mr. Ilundain. “I am very excited to lead Palladium into the future as we strive to continue to deliver strong returns by investing in consumer, services, industrial, and healthcare businesses, especially those addressing the fast-growing U.S. Hispanic market, where we have unparalleled industry experience and expertise.”
Palladium’s Flagship Funds invest from $50 million to $150 million of control equity in United States-based companies that have $10 million to $75 million of EBITDA and are active in the consumer, services, industrial, and healthcare sectors. Palladium’s latest Flagship Fund, Palladium Equity Partners VI LP, has not held a final close and is reportedly targeting $1.5 billion in capital.
“For two decades, Daniel has been an integral part of Palladium, contributing significantly to the success of Funds II, III, IV, and V,” said Marcos Rodriguez, the chairman and chief executive officer of Palladium. “His leadership has been instrumental in doubling our value creation pace over the past five years, and he has consistently demonstrated a singular ability to inspire our investment team to new levels of excellence. Daniel is one of the best private equity investors and natural leaders that I have ever known. This is a well-deserved promotion and a testament to Daniel’s dedication and the tremendous value he and our team have created for our investors.”
Palladium was founded in 1997 by Mr. Rodriguez and has invested in over 210 middle-market companies (40 platforms and more than 170 add-ons) with a focus on the U.S. Hispanic market, founder/family-owned businesses, and companies in fragmented industries.
“Over the past 20 years, Marcos’ mentorship and partnership have been instrumental in the growth and development of the firm and its people, and I am excited to continue our work together,” concluded Mr. Ilundain.
Palladium Equity Partners is headquartered in New York City.
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