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| Press Room - 2004 |
| FOR IMMEDIATE RELEASE |
| CSFB Appoints Three New Operating Executives to DLJ Merchant Banking Partners |
New York, April 29, 2004 -
CSFB is pleased to announce the addition of three new operating executives to CSFB Private Equity's DLJ Merchant Banking Partners platform. Ron Beegle, James Finkelstein and Larry Pickering are joining three of the Firm's industry specialization groups, which are part of CSFB's leveraged buyout activities. These executives will assist the Firm's private equity group in sourcing transactions, provide industry knowledge to enhance due diligence processes and contribute strategic input after the purchase of a business.
Ron Beegle will be Chairman of Global Consumer/Retail Investors, which will specialize in sourcing transactions in the consumer and retail sectors. Mr. Beegle has over 20 years of experience in the retail industry launching and running among the most successful franchises, brands and businesses. He most recently spent seven years at Gap Inc., serving as senior vice president of finance and operations for Banana Republic, executive vice president and general manager of Gap Inc. Direct, the corporation's on-line and catalog division, and chief operating officer of the company's flagship Gap division. Mr. Beegle also serves as a director of Aeropostale, Inc.
James "Jimmy" Finkelstein will be Chairman of Global Media Partners' efforts in sourcing transactions in the media industry. Mr. Finkelstein also comes to DLJ Merchant Banking Partners with significant experience running publishing and communication companies for most of his career. He spent 19 years as president and chief executive officer of the National Law Publishing Company. Since 1998, he has served as president and chief executive officer of JAF Communications, LLC, New Communications, Inc. and most recently president of Marquis Who's Who, LLC. In addition, Mr. Finkelstein has provided media consulting services to a number of merchant banks, including Veronis Suhler & Stevenson and DB Capital Partners.
Larry Pickering will be Chairman of Global Healthcare Partners. Mr. Pickering previously worked for Johnson & Johnson for 32 years, serving in various roles of increasing responsibility at the company's different divisions throughout his career. Most recently, Mr. Pickering served as Chairman of the Johnson & Johnson Development Corporation and as a corporate officer with responsibility for corporate mergers and acquisitions. Prior to that, he was company group chairman, Johnson & Johnson Consumer Pharmaceuticals, with responsibility for McNeil Consumer, US; McNeil Consumer Canada; OTC Worldwide; OTC Licensing and Acquisition; and OTC Research and Development.
"The DLJ Merchant Banking specialized industry groups -- which also include Global Energy Partners and Global Industrial Partners -- have become increasingly valuable sources of deal flow for us," said Tom Dean, the Global Head of Leverage Corporate Private Equity. "The industry expertise of the professionals in these groups has augmented our ability to create value for our investors as business owners. We intend to take advantage of Ron, Jimmy and Larry's expertise in their respective industries to create significant value in our current portfolio and to source outstanding investments in the future," he concluded.
CSFB Private Equity, the global private equity arm of Credit Suisse First Boston's Alternative Capital Division, is the largest private equity manager in the world, with more than $29 billion of capital commitments under management. CSFB Private Equity is comprised of investment funds that focus globally on leveraged buyouts, mezzanine, real estate and venture capital investments as well as primary and secondary purchases of interests in private investment funds. CSFB Private Equity also provides Customized Fund of Funds services, designing private equity solutions for institutional and high net worth investors. CSFB Private Equity maintains offices in New York, Los Angeles, Menlo Park, Chicago, Houston, London, Buenos Aires and Tokyo.
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Credit Suisse First Boston (CSFB) is a leading global investment bank serving institutional, corporate, government and individual clients. CSFB's businesses include securities underwriting, sales and trading, investment banking, private equity, financial advisory services, investment research, venture capital, correspondent brokerage services and asset management. CSFB operates in 69 locations in 34 countries across five continents. The Firm is a business unit of the Zurich-based Credit Suisse Group, a leading global financial services company.
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| Victoria Harmon |
CSFB - New York |
Tel: (212) 325-6914 |
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