Gordon Brothers Group, the Boston-based advisory, restructuring and investment firm, has hired Patrick Dalton as president of the debt investment group of its investment management affiliate, GB Merchant Partners. Dalton comes to the company from Apollo Investment Corp., where he was president and CEO and CIO.
Gordon Brothers Group announced today that Patrick J. Dalton has joined its investment management affiliate, GB Merchant Partners, as President of the Debt Investment Group. Mr. Dalton’s primary focus will be to provide leadership and industry expertise to substantially grow GB Merchant Partners’ private market debt business. Mr. Dalton is succeeding Judy Mencher who is leaving due to personal reasons.
Prior to joining Gordon Brothers Group, Mr. Dalton was President & Chief Operating Officer and Chief Investment Officer at Apollo Investment Corporation AINV +0.24% . His contributions were instrumental in the development and growth of the Apollo Investment Corporation which has made over $8.6 billion of investments across 165 portfolio companies since its inception in 2004. As President & Chief Operating Officer, he worked closely with the firm’s executive team on the day-to-day management of this publicly listed company including portfolio management, business and strategic planning, corporate governance, investor relations, capital structure management, staffing, portfolio valuation and fundraising. Earlier in his career, he served as a vice president of Goldman Sachs & Co.’s GS Mezzanine Funds. Prior to this, he was a vice president at Chase Securities, Inc. and The Chase Manhattan Bank, N.A. He holds an MBA from Columbia Business School and a BS in Finance from Boston College.
“We are thrilled to welcome to Gordon Brothers such an accomplished investor with the depth and breadth of Patrick’s management experience to lead our debt platform. As we focus on continuing to grow and deliver to our investors results that are consistent with our historical performance, we are equally excited about the added origination capability and superior credit skills that Patrick brings to our team,” stated Gary Talarico, President & Chief Executive Officer of Gordon Brothers Group. “We also would like to thank Judy Mencher for her successful leadership of our debt business and are happy to have her continued involvement as an investor.”
Gordon Brothers Group made its first debt investment in 1993 and has steadily grown its portfolio over the years. Gordon Brothers generally makes junior secured loans, “Tranche B” loans or enterprise value loans to both private and public middle-market companies. Loans are typically used by borrowers for working capital, to fund long-term growth, to execute an acquisition or to facilitate a turnaround.
“Joining Gordon Brothers Group in this capacity offers the unique opportunity to leverage the full resources of an established and well respected firm in order to position one of its key business units for continued growth and success,” said Patrick Dalton. “I look forward to joining this talented and dedicated team of professionals. The Debt Investment Group has put together an impressive six-year track record of providing over $1 billion of creative capital solutions to corporate clients and financial sponsors across various market cycles while achieving impressive returns for its investors. We will continue to build upon our current relationships and foster new ones by offering custom tailored financing solutions to meet the individual needs of our clients.”
About Gordon Brothers GroupFounded in 1903, Gordon Brothers Group ( www.gordonbrothers.com ) is a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial, and real estate sectors. Gordon Brothers Group maximizes value for both healthy and distressed companies by purchasing or selling all categories of assets, appraising assets, providing debt financing, making private equity investments, and operating businesses for extended periods. Gordon Brothers Group conducted over $50 billion worth of transactions and appraisals in 2011.
About GB Merchant Partners The Debt Investment Group of GB Merchant Partners ( www.gbmerchantpartners.com ), the investment management affiliate of Gordon Brothers Group, originates, structures and invests in private market debt. Structured debt investments in the form of senior, unitranche, second lien or mezzanine loans ranging from $10 to $50 million are made to middle-market companies in need of capital to effect strategic change. Target industries include aerospace, automotive, commodities, consumer products, forest products, gaming, industrial equipment, manufacturing, real estate, restaurants, retail, and wholesale/distribution.
SOURCE Gordon Brothers Group