Media Banker Drewry Joins Diamond Castle

William Drewry has joined Diamond Castle Holdings as an operating partner and chairman of media investments. He previously was a managing director in the global media group of UBS Investment Bank. Before that, he was global head of media equity research for Credit Suisse.

 

PRESS RELEASE

Diamond Castle Holdings, a leading private equity firm, announced today that William Drewry joined the firm as an operating partner and Chairman of Media Investments, effective April 1, 2009.

 

Mr. Drewry brings more than 17 years of experience across all major sectors of the media industry. Most recently, he was a Managing Director in the Global Media Group at UBS Investment Bank, where his client roster included many of the major media conglomerates, entertainment and local media companies. Previously, he was Global Head of Media Equity Research at Credit Suisse. At Credit Suisse and Donaldson, Lufkin & Jenrette (DLJ), which was acquired by Credit Suisse in 2000, Mr. Drewry was a four-time #1-ranked analyst by Institutional Investor and ranked in the top three for nine consecutive years across various media categories.

 

David Wittels, co-founder and Senior Managing Director of Diamond Castle, said, “The media sector is an important source of future investments for Diamond Castle, and we see a significant opportunity for potential deal flow in the near to intermediate term. Bill’s extensive and long-standing relationships with senior management teams of top media companies and his deep industry knowledge will enhance our ability to move quickly and identify new opportunities in the media space. We have known Bill for over a decade, both as a banker and advisor to Diamond Castle and also as a colleague at DLJ, and his background and experience are a great fit for us.”

 

Mr. Drewry added, “The media business is undergoing unprecedented change and out of that will come major investment opportunities on the principal side, at all levels and in all sectors of media. Diamond Castle is well positioned to take advantage of those opportunities, and I look forward to joining the team.”

 

About Diamond Castle Holdings, LLC

 

Diamond Castle Holdings, LLC is a private equity firm with over $1.85 billion of committed capital under management. Founded in 2004, Diamond Castle specializes in leveraged buyouts, growth capital and equity-like investments in both public and private companies. Diamond Castle targets investments in the following industry sectors: media and communications, energy and power, financial services, healthcare and diversified industries. Diamond Castle has 27 employees located in New York, New York. For more information please visit http://www.dchold.com.