Monomoy Capital Partners has hired Kareem Aktar as a vice president. The firm has also promoted John Stewart to managing director and promoted three critical team members effective January 1, 2013. Jaime McKenzie and Lee Mlotek have been promoted to vice president, and Eric Ceresnie has been promoted to senior associate.
Monomoy Capital Partners, a New York private equity fund focused on value investing and business improvement, today announced a significant new hire and several internal promotions.
Monomoy has hired Kareem Aktar as a Vice President. Prior to joining MCP, Kareem was a Vice President at H.I.G. Capital Management, where he focused on LBO’s in the industrial and business services sectors. He has also worked as a private equity professional at Corinthian Capital Group, focusing on similar industries. Kareem received his MBA from Harvard Business School and graduated from MIT with an MA and BS in Electrical Engineering and Computer Science. Kareem will work with the transaction group at Monomoy.
Monomoy has also promoted John Stewart to Managing Director. John, a former senior executive at Toyota Motor Manufacturing, Inc., runs Monomoy’s extensive operations group, which is responsible for implementing value improvement programs throughout the Monomoy portfolio. John has been an operating professional with Monomoy for six years.
In addition, Monomoy has promoted three critical team members effective January 1, 2013. Jaime McKenzie and Lee Mlotek have been promoted to Vice President, and Eric Ceresnie has been promoted to Senior Associate. Jamie, Lee and Eric will continue their work reviewing potential acquisitions and leading transactions at Monomoy.
“We are thrilled with the continued development and growth of the Monomoy team,” said Monomoy partner Justin Hillenbrand. “We believe we have assembled the right mix of talented transaction and operating professionals to invest on behalf of our limited partners and to create substantial value in our portfolio companies.”
Monomoy is currently investing out of its second fund, Monomoy Capital Partners II, L.P., a $420 million vehicle that closed in January of 2011.
About Monomoy Capital Partners
Monomoy Capital Partners is a private equity firm with $700 million in committed capital under management that makes controlling equity investments in middle market businesses in the manufacturing, distribution, consumer product and food service industries.
Over the past five years, Monomoy has closed over 40 middle market acquisitions, and its companies currently produce over $1 billion in combined sales and employ more than 4,500 people across four continents, from North America to Asia. Monomoy implements customized business improvement programs in all portfolio companies that reduce operating expenses, increase profitability and encourage profitable growth.
SOURCE: Monomoy Capital Partners