Jim Lindner has joined Norwest Equity Partners as an operating partner, focus a focus on the technology and business services sectors. He is the current chairman and former CEO of NEP portfolio company Mitchell International, a San Diego-based provider of information services, software and ebusiness solutions for the automotive and workers’ compensation insurance claims processing industry.
Norwest Equity Partners (“NEP”), a private equity firm focused on middle market company investments, today announced that it has expanded its group of operating partners with the addition of Jim Lindner. Lindner will help NEP evaluate and execute new investment opportunities and add-on acquisitions within the technology and business services industry sectors. He will also play an active role in strategic planning, business growth and corporate governance for NEP portfolio companies.
Timothy DeVries, NEP Managing General Partner, stated, “Providing value-add experience and operating partner resources to our portfolio companies are integral parts of our overall investment strategy. As a seasoned executive, Jim’s experience and broad industry knowledge will help us attract great investment opportunities and drive strong investment results.”
With more than 40 years of expertise in the computer software technology and services industry, Lindner brings 25 years of CEO or COO leadership experience to NEP. He currently serves as Chairman at one of NEP’s portfolio companies, Mitchell International (“Mitchell”), a San Diego-based leading provider of information services, software and eBusiness solutions for the automotive and workers’ compensation insurance claims processing industry. Lindner was CEO at Mitchell at the time of NEP’s investment in 2007 and has successfully led the company through an unprecedented era of accelerated growth in the rapidly changing property and casualty claims and collision repair industries.
Lindner has distinguished himself in a variety of executive leadership roles throughout his career prior to his posts at Mitchell. He served as President and Chief Executive Officer of Attachmate; President of the Networks Group at Memorex Telex Corporation; and as Chairman and Chief Executive Officer of ISC-Bunker Ramo Corporation. Lindner began his career with IBM, where he spent 15 years in a variety of sales, marketing and general management positions.
“Jim was an integral part of our investment in Mitchell with his in-depth understanding of the company’s operations, along with an industry vision that continues to assist Mitchell’s executive management team with acquisitions, partnering, corporate strategy, and customer relations,” stated Timothy Kuehl, NEP Partner and Mitchell board member. “The key industry relationships that he has built over the years will help give NEP an edge when it comes to seeking new investment opportunities and developing strategic initiatives for our portfolio companies.”
In addition to his current experience working with the NEP team at Mitchell, Lindner has served on several company boards over the years with fellow NEP 11–year veteran operating partner, John Hale. Like Lindner, Hale’s experience is technology-based but with a focus on computer hardware and high-tech manufacturing. He currently serves as Chairman at CVI Melles Griot and is on the board at PeopleNet, both of which are NEP portfolio companies.
Lindner and Hale will also work closely with Jeffrey Greiner, a senior advisor at NEP who focuses on investments in the technology and business services sector.
“I’m excited to formalize my commitment to NEP by coming on board as an operating partner. The firm has established a terrific track record over the years, and I am honored to have the opportunity to be a part of their team,” stated Lindner. “I am also confident that our combined resources, including the years of industry networking and experience from both John Hale and Jeff Greiner, can be leveraged to find growing and profitable companies to add to our portfolio,” Lindner added.
Partnering with management teams since 1961, Norwest Equity Partners (NEP) is a leading private equity firm focused on building companies into industry leaders. With a reputation for quality investments and exceptional financial returns, NEP manages $4.6 billion of capital through a series of equity and mezzanine funds. The firm is currently investing NEP IX, a $1.2 billion fund. Visit NEP’s Web site at www.nep.com.