May 11, 2015
Monomoy Capital Partners Hires David Robbins to Lead Investments in the Debt Securities of Underperforming Middle Market Businesses
Mr. Robbins has over 17 years of experience in principal investing focused on credit opportunities and debt-for-control investments across a number of market segments. Mr. Robbins joins Monomoy from H.I.G. Bayside Capital where he was a Managing Director responsible for leading investments in distressed debt and positioning Bayside to take control of middle market companies through financial restructurings. Prior to his work at Bayside, Mr. Robbins was a Senior Managing Director at GSC Group and the co-head of the GSC credit opportunities team that sourced and executed similar middle market investments. He began his career in the private equity practice of the Blackstone Group. Mr. Robbins holds a B.S. in Economics from the Wharton School of the University of Pennsylvania.
“We are thrilled to welcome David to the Monomoy team,” said Justin Hillenbrand, a founding partner of Monomoy. “We believe that the credit markets will provide attractive opportunities to acquire underperforming middle market businesses in the next business cycle, and David brings the perfect blend of talent, experience and judgment to position Monomoy and its limited partners for continued success in firm’s core investment strategy,” added Mr. Hillenbrand.
Founded in 2005 by Stephen Presser, Daniel Collin and Justin Hillenbrand, Monomoy Capital Partners targets middle market businesses with annual revenues of between $100 and $600 million in a wide range of industries that face operational, financial and strategic challenges. Monomoy designs and executes a customized value creation plan for each acquisition that seeks to generate significant cash flow and improve earnings within 12 to 18 months of a Monomoy investment. Over the past nine months, Monomoy has acquired and restructured middle market businesses in the textile industry, the automotive supply chain, and the consumer electronics sector.
“Monomoy stands out in our marketplace because it brings a talented investment group and a world class operating team to the middle market,” said Mr. Robbins. “Companies in the lower end of the middle market are often under-managed and over-leveraged, and a focused debt-for-control strategy will expand our ability to acquire those businesses at attractive valuations, improve their profitability and deliver outstanding returns,” he added. “I am very excited to join Monomoy and about the opportunity set in front of us.”
About Monomoy Capital Partners
Monomoy Capital Partners is a private equity firm with over $1 billion in committed capital that makes controlling investments in middle market businesses in the manufacturing, distribution, transportation, consumer product and foodservice sectors. Over the past ten years, Monomoy has acquired over 40 middle market companies from a variety of sellers (including family owners, public companies, lenders and financial sponsors) in a wide range of special situations (including bankruptcy, asset sales, equity sales and restructurings). Monomoy’s portfolio companies have generated over $2.5 billion in combined sales and have employed more than 10,000 people across four continents. Please visit www.mcpfunds.com for a detailed description of Monomoy and its current portfolio companies.
Sloane & Company
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