Z Capital recruits Kirschbaum as operating partner

Z Capital has appointed Josh Kirschbaum as an operating partner. Previously, Kirschbaum was president and chief operating officer of Modere.

PRESS RELEASE

NEW YORK, July 9, 2018 /PRNewswire/ — Z Capital Group, L.L.C. (“Z Capital”), a leading alternative asset manager of opportunistic, value-oriented private equity and credit funds, today announced the appointment of Josh Kirschbaum as an Operating Partner. Mr. Kirschbaum will be based in Z Capital’s Lake Forest office and joins the Private Equity Operating Partner team to assist in the management and oversight of portfolio company operations initiatives including procurement, lean initiatives, cost controls, and logistics.

Mr. Kirschbaum brings nearly two decades of operating knowledge and industry expertise to Z Capital. Prior to joining Z Capital, Mr. Kirschbaum served as the President and Chief Operating Officer of Modere, a healthy, safe and clean-lifestyle brand and a Z Capital portfolio company. In this role, Mr. Kirschbaum led Corporate Finance, Legal and Regulatory, Human Resources, Information Technology, Global Operations, Logistics and Manufacturing, Global Supply Chain, Global Sourcing, Quality, and Project Management. Along with other portfolio companies, Mr. Kirschbaum will continue to partner with the strong Modere management team in his new role. Prior to his time at Modere, Mr. Kirschbaum served as Chief Operating Officer at Gilchrist & Soames, a leading supplier of toiletry collections for the luxury hospitality market. Earlier in his career, Mr. Kirschbaum held various senior leadership positions, including Chief Operating Officer of NuWorld Beauty and senior operations positions at Colgate-Palmolive and L’Oreal. Mr. Kirschbaum received his Bachelor of Science in Chemical Engineering from Rutgers University as well as his Master of Business Administration in Operations Management from Rutgers University School of Business.

“Over the past two years, I’ve had the pleasure of working alongside Josh at the portfolio company level while he served as President and Chief Operating Officer of Modere and I am pleased to welcome him to the Z Capital team,” said James Zenni, Founder, President, and Chief Executive Officer of Z Capital Group. “Josh is a seasoned executive with tremendous operating experience, and I am confident that his expertise will be invaluable as we support our portfolio’s continued growth and development.”

“I am thrilled to join the talented team at Z Capital with whom I have had the opportunity to work closely for several years,” said Mr. Kirschbaum. “I look forward to partnering with management teams to enhance operations and create value across the firm’s portfolio company initiatives.”

About Z Capital Group
Z Capital Group, L.L.C. and its subsidiaries (“Z Capital”) are leading alternative asset management firm with approximately $2.3 billion of regulatory assets under management. For over two decades, the Partners of Z Capital have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, automotive parts, capital equipment and general manufacturing.

Z Capital creates value for its investors by collaborating with talented management teams to generate investment returns by structurally improving the strategic position, competitiveness and profitability of its portfolio companies. The Z Capital Private Equity Funds’ portfolio companies are within numerous industries, have aggregate annual revenues of approximately $1.3 billion, sell products in 57 countries, and have over 11,000 employees and an excess of 200,000 associates, directly and through joint ventures worldwide. The Z Capital investment strategy and portfolio companies are described at www.zcapgroup.net.