Summit Partners names new executive partner

Growth equity firm Summit Partners has hired Stewart Stockdale as an executive partner. Previously, Stockdale worked at The Western Union Company where he served as president of global consumer financial services.

PRESS RELEASE

BOSTON, MA – January 23, 2014 – Summit Partners, a global growth equity investor, today announced that Stewart Stockdale has joined the firm as an Executive Partner. Stockdale will partner with Summit to build leading, value-added information and payment services platforms. In this role, he will help identify opportunities and assist in the value creation process post-investment.
“Stewart Stockdale brings an excellent track record with some of the world’s most admired global companies,” said Christopher Dean, a Summit Managing Director. “We are very excited that Stewart is joining our team, and we look forward to working with him in building a leading platform that provides mission-critical information and payment services to the enterprise. We are actively looking for acquisitions and believe there are a number of compelling investment opportunities in this market.”
Stockdale brings broad global experience with world-class companies in the payments, financial services and consumer products sectors. He has consistently delivered outstanding results in areas that are critical to a company’s long-term success. Most recently, he served as President, Global Consumer Financial Services (GCFS) for The Western Union Company, a segment that represented approximately 90% of the company’s revenues. GCFS consists of Western Union’s Money Transfer and Consumer Payments businesses across five global regions (North America, Latin America & Caribbean, Europe & CIS, Middle East Africa, and Asia Pacific).
Prior to joining Western Union, Stockdale served as President of Simon Brand Ventures and as Chief Marketing Officer of Simon Property Group, a global leader in the retail real estate industry. At Simon, he was responsible for all Marketing and Consumer Venture businesses within the company and launched the Simon gift card, which became the largest Visa gift card program in the United States. Prior to Simon, Stockdale held senior positions with multinational companies including Conseco, MasterCard Worldwide, American Express and Procter & Gamble.
Stockdale holds a Bachelor of Science in Business Administration in marketing from the University of Denver and completed The Executive Program at the University of Virginia’s Darden Graduate School of Business Administration.
About Summit Partners
Founded in 1984, Summit Partners is a growth equity firm that has raised nearly $15 billion in capital and provides equity and credit for growth, recapitalizations, and management buyouts. Summit has invested in more than 380 companies in technology, healthcare and other growth sectors. These companies have completed more than 130 public offerings, and more than 135 have been acquired through strategic mergers and sales. Notable financial technology and services companies financed by Summit Partners include FleetCor Technologies, Fortegra Financial, Global Cash Access, Ogone, OptionsXpress and SeaBright Insurance. Summit maintains offices in North America and Europe, and invests in companies around the world. For more information, visit www.summitpartners.com or follow on Twitter at @SummitPartners.
In the United States of America, Summit Partners operates as an SEC-registered investment advisor. In the United Kingdom, this document is issued by Summit Partners Limited, a firm authorized and regulated by the Financial Conduct Authority. Summit Partners Limited is a limited company registered in England and Wales with company number 4141197, and its registered office is at 20–22 Bedford Row, London, WC1R 4JS, UK. This document is intended solely to provide information regarding Summit Partners’ potential financing capabilities for prospective portfolio companies.

 

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