Moelis Capital Partners said Thursday that Barbara Hill has been appointed an operating partner. Hill was most recently CEO of ValueOptions. She will focus on healthcare-related investments, and provide strategic and operating support to Moelis Capital’s healthcare portfolio companies. Moelis Capital is the PE arm of Moelis & Co.Continue
Huron Capital has exited its investment in Quest Specialty Chemicals, earning 4.1x its original investment, the firm said. Huron exited as Quest was recapitalized by Audax Group, Moelis Capital Partners, and Quest management. Terms of the deal were not released. Huron invested in Quest from The Huron Fund II LP, a $185 million fund raised in 2005.Continue
After more than six years, Huron Capital has sold Quest Specialty Chemicals to Audax Group and Moelis Capital Partners.
Financial terms weren’t announced. Audax and Moelis will have 50-50 shared control, said Geoffrey Rehnert, Audax’s co-CEO, in an email response to questions.Continue
Ted Yun has joined Moelis Capital Partners, the private equity unit of Moelis & Co., as a managing partner. He most recently was a founder of managing partner of West Hill Partners. He also has been with DLJ Merchant Banking and J.W. Childs.Continue
Moelis Capital Partners and Virginia Capital Partners have backed Kinsale Capital Group and its launch of Kindsale Insurance Company Inc., a Richmond, Va.-based specialty insurance operation.Continue