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Morgenthaler appoints Kevin Macdonald co-managing partner of private equity team

US private equity and venture capital firm Morgenthaler has announced the appointment of Kevin Macdonald as co-managing partner of Morgenthaler’s private equity team.

US private equity and venture capital firm Morgenthaler has announced the appointment of Kevin Macdonald as co-managing partner of Morgenthaler’s private equity team.

In his new role, Macdonald (pictured) and co-managing partner Al Stanley will oversee all aspects of Morgenthaler’s private equity activities including existing portfolio companies, new investments, strategy formulation and franchise development.

Macdonald will be based in the firm’s Boston office.

He joins Morgenthaler with more than 20 years of private equity experience. Most recently, he was a founder and managing partner of Monitor Clipper Partners, a USD2bn middle market investment firm based in Cambridge, Massachusetts. Macdonald was also a founding member of The Clipper Group, a USD1.5bn investment firm affiliated with Credit Suisse First Boston.

"Kevin is a world-class private equity professional and we are privileged to have him join us," says Stanley. "He has an exceptional personal track record and investment history, with direct experience in our primary areas of focus. He is also a proven leader who can help us take our organisation to the next level."

Morgenthaler’s private equity team focuses on investing in profitable businesses in high-value manufacturing and business services in the lower end of the middle market – with enterprise values of USD25m to USD250m. Morgenthaler has particular expertise in family and founder-owned transitions and corporate divestitures.

"I was attracted to Morgenthaler because of the quality of their people, disciplined strategy, commitment to the lower middle market and focus on partnering with management to build the underlying value of businesses through operational and strategic enhancements," says Macdonald. "We believe in creating value in our portfolio companies by accelerating growth, achieving scale and strengthening operating capabilities, not by relying on leverage. We believe that today’s challenging environment will soon give rise to attractive investments within our target sectors and are confident that we can capitalize on them.’

Prior to The Clipper Group, Macdonald worked with CS First Boston, Morgan Stanley and The Boston Consulting Group.

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