Aurora Capital Group, the California-based private equity firm, has promoted three individuals within it Aurora Resurgence Management Partners group. Joshua Phillips is now a partner and managing director; Peter Leibman is a principal, as is Ryan McCarthy.
LOS ANGELES, Feb. 16, 2011– Aurora Capital Group (“Aurora” the “Company”), a Los Angeles-based private equity firm with over $2.0 billion of assets under management, today announced that it has made the following three promotions within Aurora Resurgence Management Partners, an affiliate of the Company. These promotions reflect the depth and breadth of Aurora Resurgence’s management team.
Anthony DiSimone, Managing Partner of Aurora Resurgence, said, “We are proud to acknowledge the accomplishments of these highly talented members of our investment team through well-deserved promotions. Josh, Peter and Ryan have been integral contributors to Aurora Resurgence’s successes and we look forward to continuing to benefit from their expertise.”
Josh led the asset acquisition of Parking Company America Airports. Pete helped execute the New Star Metals transaction (formerly Northern Steel Group), a subsidiary of Severstal North. Ryan helped execute the acquisition of Lexington Precision Corporation as well as the asset acquisition of Parking Company America Airports. Josh, Pete and Ryan have also led multiple debt investments for the firm.
Joshua Phillips, Managing Director & Partner
Mr. Phillips is a Managing Director and Partner with Aurora Resurgence Management Partners. Previously, Mr. Phillips was a Principal at American Capital Strategies where he focused on both control equity investments and debt financings for middle market companies. While at American Capital Mr. Phillips served on numerous boards of directors of portfolio companies. Prior to American Capital, Mr. Phillips was an Associate in the investment banking department of Jefferies & Company, Inc. At Jefferies & Company, Mr. Phillips executed high yield bond offerings, restructuring assignments and distressed merger and acquisition engagements for middle market companies.
Mr. Phillips received a master’s in business administration from Harvard Business School and a bachelor of arts, from the University of California, Los Angeles.
Peter Leibman, Principal
Mr. Leibman is a Principal with Aurora Resurgence Management Partners. He was formerly a Manager at Bain & Company, a leading consulting firm. While at Bain, Mr. Leibman led turnaround/performance improvement, merger and acquisition, and strategy engagements across a variety of industries for businesses in North America and Europe and had extensive experience in commercial due diligence, financial valuation, strategy development and taskforce leadership.
Mr. Leibman earned a master’s degree in business administration from the University of Chicago and a bachelor of arts, from Northwestern University.
Ryan McCarthy, Principal
Mr. McCarthy is a Principal with Aurora Resurgence Management Partners. He was formerly a Senior Director at Alvarez and Marsal, a leading consulting and turnaround management firm. While at Alvarez and Marsal, Mr. McCarthy led turnaround and restructuring engagements and served in numerous interim management roles including COO, CFO and Treasurer. Mr. McCarthy held management roles at several companies including Warnaco, National Century Financial Enterprises and Movie Gallery. Mr. McCarthy was previously an investment banking Analyst at Banc America Securities.
Mr. McCarthy holds a bachelor of science in Accounting and Finance from the Kelly School of Business at Indiana University and attended Boston University’s International Business program in London, England.
About Aurora Capital Group
Aurora Capital Group is a Los Angeles-based private investment firm managing over $2.0 billion of capital across several private equity funds. Aurora’s traditional private equity vehicle, Aurora Equity Partners, focuses principally on control-investments in middle-market businesses with leading market positions, strong cash flow profiles, and actionable opportunities for growth in partnership with operating management. Aurora’s special situations fund, Aurora Resurgence, invests in debt and equity securities of middle-market companies and targets complex situations that are created by operational or financial challenges either within a company or a broader industry. Aurora’s investors include leading public and corporate pension funds, endowments and foundations active in private equity investing. For more information about Aurora Capital Group, visit www.auroracap.com or www.aurorares.com.