Riverside Partners has promoted Michelle Noon and Max Osofsky to general partner. Also, the Boston-based middle-market private equity firm has upped David Del Papa to partner and Chris Ryan to principal. According to the firm, the promotions will beef up its investment team as they continue to deploy Riverside’s fifth fund, which closed at $561 million.
BOSTON, Jan. 5, 2017 /PRNewswire/ — Riverside Partners, a Boston-based private equity firm focused on investing in middle market healthcare and technology companies, is pleased to announce the promotions of Michelle Noon and Max Osofsky to General Partner, David Del Papa to Partner, and Chris Ryan to Principal. The promotions further strengthen the Firm’s investment team as they continue to invest Riverside Fund V, L.P., a $561 million equity fund.
“We are very proud of the team that we are building at Riverside Partners and we are thrilled to be developing partners from within our organization,” said David Belluck, General Partner. “Since joining the firm over eight years ago, both Michelle and Max have demonstrated the dedication, investment expertise, and values that are important to our partnership. They are both taking on lead roles with new investments and portfolio companies, and are helping to build and manage our firm. We are also excited to promote David Del Papa to Partner. He joined the team in 2012 and has played significant roles in evaluating new investments and working with our portfolio companies. We are delighted to welcome David to our partnership. And we are pleased to promote Chris Ryan to Principal, as he has been instrumental in completing and working with several technology investments since joining Riverside.”
Michelle Noon joined Riverside Partners in 2008 and focuses on technology investments with a specific emphasis on software, software-based services, transaction processing and media technology. She brings more than 15 years of experience in private equity and finance to her role. Michelle has played key deal and portfolio management roles with Riverside’s technology investments including Thinklogical, Contractor Management Services and Pilgrim Quality Solutions. Prior to joining Riverside, Michelle was on the investment team at Thoma Bravo (f/k/a Thoma Cressey Equity Partners) in San Francisco and focused on software investments. Michelle also worked as part of the investment banking group at Morgan Stanley in New York. Michelle holds a Bachelor of Business Administration in finance and business economics, magna cum laude, from the University of Notre Dame and a Master of Business Administration, with distinction, from the Harvard Business School.
Max Osofsky brings more than 16 years of private equity and consulting experience to the Riverside Partners’ team, which he joined in 2008. Max co-leads the firm’s healthcare investing activities. He has played key leadership roles with several current Riverside portfolio companies, including Bottom Line Systems, Allied Dental, BioAgilytix, Dominion Diagnostics and HealthDrive, as well as with prior investments in Tegra Medical (sold to SFS Group) and Vocollect (sold to Honeywell). Prior to joining Riverside, Max was a Vice President at Summit Partners, and a consultant at Bain & Company. He holds a Bachelor of Science in Economics, summa cum laude, from The Wharton School of the University of Pennsylvania, and a Master of Business Administration from the Harvard Business School.
David Del Papa joined Riverside Partners in 2012 as a Vice President, and has more than ten years of private equity and consulting experience. He has been involved in all facets of the investment process and played a key role on several Riverside Partners’ technology and healthcare investments including ITC Global (sold to Panasonic Corporation), Eliassen Group, and Thinklogical. Prior to joining Riverside, David was on the lower middle market buyout team at H.I.G. Capital. David also worked as a strategy consultant at the Boston Consulting Group. David holds a Bachelor in Business Administration in Ethics, Politics, & Economics, magna cum laude, from Yale University and a Master of Business Administration from the Harvard Business School.
Chris Ryan joined Riverside Partners in 2011 and brings more than 10 years of private equity and consulting experience to the firm. Chris focuses on investments in the technology sector. He has worked closely with several Riverside portfolio companies including Contractor Management Services, FirstLight Fiber (sold to Oak Hill Capital Partners), Thinklogical, and ITC Global (sold to Panasonic Corporation). Prior to joining Riverside Partners, Chris was an Associate with Advent International and a strategy consultant with the Parthenon Group. He holds a Bachelor of Arts in Political Science, cum laude, from Williams College and a Master of Business Administration, with honors, from the Wharton School.
About Riverside Partners
Founded in 1989, Riverside Partners is a middle market private equity firm currently investing Riverside Fund V, L.P. The fund focuses on growth-oriented companies in the healthcare and technology sectors. Riverside Partners is particularly experienced at partnering with founders, owners and management teams and it brings substantial domain expertise and operating experience to its portfolio companies. Today, Riverside Partners manages approximately $850 million of equity capital and seeks to make investments in companies with revenues between $20 and $200 million and with $5-$25 million of EBITDA. For more information, please visit www.riversidepartners.com.