SK Capital Partners has named John Novak as a managing director and head of business development. Mr. Novak has more than 20 years of experience in private equity and investment banking.
In his new position with SK, Mr. Novak will collaborate with SK’s investment teams to identify, prioritize, and execute new transaction opportunities.
Before joining SK earlier this month, Mr. Novak was a managing director at Paine Schwartz Partners, where he led business development and capital markets functions for the firm. Earlier in his career, he was with Swander Pace Capital and Banc of America Securities.
“John has a proven track record of building strong relationships and identifying compelling opportunities that align closely with SK Capital’s investment strategy,” said Mario Toukan, a managing director at SK Capital. “His experience, energy, and connectivity make him a valuable addition to the team as we continue to expand our platform and invest in businesses where we can drive transformative growth.”
“I am excited to join SK Capital as Head of Business Development and look forward to working alongside the firm’s talented team to help drive continued growth and success,” said Mr. Novak.
SK Capital Partners‘ portfolio collectively generates over $14 billion in annual revenue, employs more than 25,000 people, and operates more than 200 facilities worldwide. The firm typically invests $100 million to $200 million in equity per portfolio company. Its most recent fund, SK Capital Partners VI LP, closed in April 2024 with $2.95 billion in capital commitments.
Earlier this month, SK Capital, after a three-year hold, closed the sale of Florachem, a Florida-based maker of plant-based specialty ingredients, to Tradebe Life Sciences. Florachem is a formulator and manufacturer of naturally derived specialty ingredients including citrus terpenes, rosin esters, and pine oil fractions, which are used in applications across the flavor and fragrance, personal care, industrial cleaning, and adhesives and coatings markets.
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