Quad-C Pros Form New Firm

Last month, we reported that Quad-C Management had lost its three-man investment team in New York. At the time, Quad-C said they were leaving “to pursue their own separate opportunities.” That sentiment was echoed by departing Quad-C partner Gary Binning, when asked if the trio would reunite to form an independent firm.

Yeah, right.

The three today sent out an email announcing the formation of Dominus Capital, a new firm whose investment strategy sounds almost identical to Quad-C. Here is how Dominus described itself in the email:

“Dominus Capital will seek to invest in leading middle market companies in partnership with management in a variety of industries with a particular focus on the business services, general industrial and consumer products sectors. Drawing on the experience, knowledge and network of its founders and a team of in-house operating executives, Dominus will look to create value at its portfolio companies by primarily focusing on operational improvements.”

In addition to Binning, the Dominus partnership includes former Quad-C principals Bob Haswell and Ashish Rughwani. The firm is currently camping out in the offices of law firm White & Case, and have launched a website. I’ve put in a call to Binning to discuss other specifics, and will update this post if we connect.