Charlesbank hires Kalvelage from Bain Capital

Charlesbank Capital Partners hired Neil Kalvelage as operating partner. Kalvelage joins Charlesbank from Bain Capital, where he worked for 10 years as operating partner, most recently building a team in Melbourne, Australia. He has also held executive positions at The Hershey Co and PepsiCo.

PRESS RELEASE

Charlesbank Capital Partners announces the appointment of Neil Kalvelage as Operating Partner. Neil joins Charlesbank from Bain Capital, where he served for 10 years as Operating Partner, most recently building a team in Melbourne, Australia.

At Bain Capital, Neil partnered with a number of portfolio company management teams to drive strategic initiatives and deliver improved results.

Prior to his time at Bain Capital, Neil was the Senior Director of Portfolio Strategy for The Hershey Company and a Director of Corporate Strategy for PepsiCo. Earlier in his career, he spent nearly five years as a Manager at Bain & Company. Neil earned a BS from Pennsylvania State University and an MBA from The Tepper School at Carnegie Mellon University.

“Given the growth in our portfolio, we have been evaluating the addition of an operating partner to our team for some time now,” said Josh Klevens, Charlesbank Managing Director. “Neil is a skilled leader with an established track record of working with management teams to achieve sustained growth for portfolio companies. He brings deep experience, integrity and an ability to balance strategy with execution. We are thrilled to have him on our team.”

About Charlesbank Capital Partners

Based in Boston and New York, Charlesbank Capital Partners is a middle-market private equity investment firm managing more than $3.5 billion of capital. Charlesbank focuses on management-led buyouts and growth capital financings, typically investing in companies with enterprise values of $150 million to $1 billion. The firm seeks to partner with strong management teams to build companies with sustainable competitive advantage and excellent prospects for growth.

For more information, please visit www.charlesbank.com.