DLJ MB Opens in Michigan

DLJ Merchant Banking Partners has opened an office in Troy, Michigan. It will be staffed by former Questor Management partners John Janitz and Dominick Schiano.

PRESS RELEASE

DLJ Merchant Banking Partners (“DLJMB”), a private equity investment affiliate of Credit Suisse, has announced the opening of an office in Troy, Michigan to serve the Midwest and the mid-section of the country. John A. Janitz and Dominick J. Schiano, Global Industry Partners affiliated with DLJMB, will be based out of the new office, where they will continue to focus on the industrial services sector.

“The concentration of opportunities in the industrial sector in the Midwest and throughout the mid-section of the country makes opening this office a natural step for DLJMB,” said John Janitz.

Dom Schiano added, “We look forward to helping to build on the momentum created by DLJMB's New York, London and Los Angeles offices to identify attractive private equity investments in the region, and we believe that adding a hub in the Midwest from which to source transactions and manage portfolio company growth will significantly benefit DLJMB's business.”

DLJMB focuses on control investments in middle market companies, concentrating on transactions in which it can invest up to USD 200 million in equity. The firm's affiliated model offers the opportunity to draw upon the resources of Credit Suisse's global network to grow and strengthen its portfolio.

Janitz and Schiano have worked extensively across the Midwest, having been engaged by DLJMB last year after working for Questor Management, a Michigan-based turnaround capital investment firm. Prior to joining Questor, both served in various senior management roles at Textron and TRW. Since their engagement by DLJMB in 2007, Janitz and Schiano have played instrumental roles in two transactions