Nido Quebin, president of High Point University, has been elected to the board of directors of Cleveland-based Dots LLC, a fashion retailer included in the portfolio of private equity firm Irving Place Capital. Quebin’s other governance positions include board seats with BB&T and La-Z-Boy.
Qubein Joins Dots Board
GLENWILLOW, Ohio, Aug. 15, 2011/ — Nido R. Qubein, president of High Point University, has been elected to the board of directors of Cleveland-based Dots, LLC, a fashion apparel retailer with 420 stores in 28 states. Qubein also serves on the boards of BB&T and La-Z-Boy corporations and chairs the board of Great Harvest Bread Co, which has 230 stores in 40 states.
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“We are proud to attract the experience and talent of Dr. Qubein to our growing company,” said Rick Bunka, Chief Executive Officer of Dots. “Dr. Qubein brings a unique and invaluable perspective to our board as a leader of his own business and architect of High Point University’s ascension to prominence in higher education.” John Howard, CEO of Irving Place Capital (“IPC”) stated, “We feel fortunate and excited to have Nido as a director and partner. His entrepreneurial vision and energy will be great resources for the Company.”
Dots is a fashion apparel specialty store that offers current fashion trends at exceptional prices. Dots is a vibrant growing retailer chain that operates more than 400 stores within a 28 state footprint. To find a store or for more information, visitwww.dots.com.
About Irving Place Capital
Irving Place Capital invests private equity capital in compelling buyouts, recapitalizations, and growth capital opportunities alongside superior management teams. Irving Place Capital focuses on making control or entrepreneur-driven investments. Since its formation in 1997, Irving Place Capital has been an investor in more than 50 companies and has raised over $4 billion of equity capital, including its current $2.7 billion institutional fund. More information about Irving Place Capital is available at www.irvingplacecapital.com.