Neuberger Berman Private Equity has hired David Zolot as a principal. In his new position, Zolot will focus on sourcing and making acquisitions for Marquee Brands, a brand management company that is backed by Neuberger Berman Private Equity. Previously, Zolot worked at Saban Brands where he served as senior vice president of corporate development.
NEW YORK, June 21, 2016 /PRNewswire/ — Marquee Brands LLC, a brand acquisition, licensing and development company, announced today that David Zolot has joined Neuberger Berman Private Equity as a Principal focused on sourcing and executing consumer and branded acquisitions for Marquee.
Marquee Brands is a leading brand management company that looks to acquire brands with strong consumer awareness and opportunities for growth in various consumer sectors including apparel, footwear, accessories, cosmetics, entertainment, food & beverage and home products. Marquee Brands is owned by Marquee Brands Partners LP, which is sponsored by Neuberger Berman Private Equity. In February 2016, Marquee Brands Partners LP completed a $462 million capital raise.
Since its launch, Marquee Brands has made a number of compelling acquisitions, including Italian footwear brand Bruno Magli, and 50+ year old British fashion brand Ben Sherman.
“With the successful capital raise completed, and Marquee’s world-class brand management capabilities, we are well positioned to continue to seek and acquire brands on a global basis,” said David Zolot. “I look forward to helping Marquee leverage my global network and experience to complete acquisitions of high-quality consumer brands.”
Mr. Zolot has over 15 years of consumer and M&A experience, most recently at Saban Brands where he was Senior Vice President of corporate development, overseeing new brand acquisitions and corporate finance initiatives. Mr. Zolot was previously Vice President of Strategic Development at brand management firm Iconix Brand Group where he successfully completed numerous strategic acquisitions, minority investments and financing transactions. Prior to Iconix, Mr. Zolot was at Peter J. Solomon, a preeminent private investment banking firm focused on the apparel, retail and consumer products industries.
About Marquee Brands LLC
Marquee Brands LLC is a brand acquisition, licensing and development company. Sponsored by Neuberger Berman Private Equity, a business of Neuberger Berman, a private, independent, employee-owned investment manager, Marquee Brands targets high quality brands with strong consumer awareness and long-term growth potential. Marquee Brands seeks to identify brands in various consumer product segments with the goal of expanding their reach across retail channel, geography and product category while preserving the brand heritage and enhancing the ultimate consumer experience. Through its global team of professionals and partners, Marquee Brands monitors trends and markets in order to grow and manage brands in partnership with retailers, licensees and manufacturers through engaging, impactful marketing and strategic planning. www.marqueebrands.com
bout Neuberger Berman
Neuberger Berman, founded in 1939, is a private, independent, employee-owned investment manager. The firm manages equities, fixed income, private equity and hedge fund portfolios for institutions and advisors worldwide. With offices in 19 countries, Neuberger Berman’s team is more than 2,100 professionals and the company was named by Pensions & Investments as a Best Place to Work in Money Management for three consecutive years. Tenured, stable and long-term in focus, the firm fosters an investment culture of fundamental research and independent thinking. It manages $243 billion in client assets as of March 31, 2016. For more information, please visit our website at www.nb.com.