Murthy joins Norwest Equity Partners

Norwest Equity Partners said July 22 that Sundip Murthy has joined the firm as a partner. Murphy was previously with Snow Phipps, New York, where he acted as partner and head of the firm’s consumer sector.

PRESS RELEASE

Sundip Murthy Joins Norwest Equity Partners as Firm’s Newest Partner

MINNEAPOLIS–(BUSINESS WIRE)– Private equity firm Norwest Equity Partners (NEP) continues to grow its leadership team with the announcement of Sundip Murthy joining the firm as Partner.

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Sundip Murthy, NEP Partner (Photo: Business Wire)

Murthy joins NEP from Snow Phipps, New York, where he acted as Partner and head of the firm’s consumer sector. His twenty-plus year record in the private equity industry includes positions as Director at 3i Group plc and as a senior executive with The Carlyle Group. Murthy started his career at Goldman, Sachs & Co.; he holds an M.B.A. from Harvard Business School and an A.B. with distinction from Cornell University.

Tim DeVries, NEP Managing Partner, shared, “Sundip is a great fit for the firm because of his long-term history of value creation for middle-market companies and his ability to deliver NEP’s unique model to help businesses achieve sustainable growth well beyond their ownership stage.”

“NEP’s style of working with companies as if we will own them forever has been consistently successful across every market cycle over our firm’s 58-year history. For many of our portfolio companies, NEP is their first institutional investment partner, so we feel responsible for setting the standard for what companies should get from their outside investors,” said DeVries. “Sundip understands and can deliver on this unique strategy and culture. It takes a certain kind of person to help us scale this high-touch model. He’s going to be a great addition to our team.”

Murthy stated, “NEP has built and established an impressive record of accomplishment over the decades, and I’m honored to have the opportunity to be a part of their team. NEP’s depth and breadth of experience, key industry relationships, and true passion for partnering with companies collectively allows them to build successful, thriving businesses. The firm’s unique culture and commitment to its core values attracted me to this exciting new position.”

About Norwest Equity Partners

Founded in 1961, Norwest Equity Partners (NEP) is a leading middle market investment firm headquartered in Minneapolis, MN. NEP invests equity capital in companies that are leaders in their industry with a proven business model which has demonstrated the ability to generate profits. NEP has extensive experience with management buyouts, recapitalizations and growth financings, including working with founder and family-owned companies. Targeted equity investment size range for each transaction is $30 MM-$250+ MM and desired industries for investment opportunities include agriculture, business services, consumer, distribution, industrials, energy, and healthcare. Raising more than $7 billion in capital over the years, NEP is currently investing NEP X, a $1.6 B fund. More information can be found on www.nep.com.

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