Peter Boneparth has joined Irving Place Capital (f.k.a. Bear Stearns Merchant Banking) as a senior advisor, with a focus on the retail and consumer sectors. Boneparth is the former CEO of Jones Apparel Group.
Irving Place Capital, a leading middle market institutional private equity firm, today announced that it has appointed Peter Boneparth as a Senior Advisor with a focus on the retail and apparel sectors. Mr. Boneparth will support Irving Place Capital’s work to identify and opportunistically pursue new investments. His experience will help drive growth and enhance value within the firm’s existing portfolio of retail and consumer companies.
Mr. Boneparth is well suited to further strengthen the firm’s efforts in the retail sector. He served most recently as chief executive officer of Jones Apparel Group, a leading designer and marketer of apparel and footwear brands. During his time there, Mr. Boneparth expanded its apparel offerings and grew the firm through the acquisitions of Maxwell Shoe Company, Gloria Vanderbilt, Barneys New York, Kasper/Anne Klein and L.E.I. Previously, Mr. Boneparth served as CEO of Jones Moderate Division and also was CEO, president and a board member of McNaughton Apparel Group.
“I am thrilled to be part of Irving Place Capital,” commented Mr. Boneparth. “The firm has a successful history of partnering with management teams and corporations to build brands, identify and integrate acquisitions, and execute other strategic and operational initiatives in retail and apparel. I look forward to using my knowledge and experience in those sectors to contribute to the firm’s efforts.”
“Peter brings deep experience and a strong track record of building companies in the retail and apparel industries,” said Rick Perkal, a Senior Managing Director of Irving Place Capital. “I am confident that he will be a valuable addition to our team.”
Previously Mr. Boneparth held positions in investment banking and practiced law with a private firm. He currently sits on the boards of Kohl’s Corp. and JetBlue Airways Corp. Mr. Boneparth is a graduate of the University of North Carolina and received his J.D. from the University of Virginia.
About Irving Place Capital
Irving Place Capital invests private equity capital in compelling buyouts, recapitalizations and growth capital opportunities alongside superior management teams. Irving Place Capital focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in 68 portfolio companies, and manages over $4 billion, including its current $2.7 billion institutional fund. Among the firm’s notable retail and apparel investments are: Aéropostale, New York & Company, Seven for All Mankind and Stuart Weitzman. More information about Irving Place Capital is available at http://www.irvingplacecapital.com.