We are pleased to announce that John D. Howard, founder and Chief Executive Officer of Irving Place Capital, will be speaking at the Bourne Partners Alternative Assets conference on February 22, 2013. Mr. Howard’s second fund, Irving Place Capital II ($1.5 billion), was the first commitment by Bourne to an outside private equity fund (commitment made in 2000).
Mr. Howard founded Irving Place Capital, formerly known as Bear Stearns Merchant Banking in 1997. Irving Place Capital is a middle-market private equity firm that invests in buyouts, recapitalizations, and growth capital opportunities where it can apply its substantial operating and strategic resources and expertise to enhance value. Mr. Howard focuses on the firm’s investments in retail and consumer goods companies. Since its inception, Irving Place Capital has raised approximately $4.2 billion, including its current $2.7 billion third fund that Irving Place raised in 2006. This fund invests between $75-$250 million in each transaction.
To date, Irving Place has invested in more than 55 companies, including Aéropostale, New York & Company, rag & bone, Seven for All Mankind, Stuart Weitzman, Reddy Ice, and The Vitamin Shoppe. In all of these businesses, Irving Place Capital’s investment and operating professionals have partnered with management teams to roll-out new stores, identify and integrate acquisitions, and execute other strategic and operational initiatives. Given its substantial consumer and retail investing experience, Irving Place has an in-depth understanding of the issues, opportunities, and challenges facing these companies.
Mr. Howard has been a principal in the private equity business for more than 25 years. Prior to founding Irving Place Capital, Mr. Howard was co-CEO of Vestar Capital Partners. From 1985 to 1990, Mr. Howard served as a Senior Vice President and Partner of Wesray Capital Corporation, then one of the foremost private equity sponsors and a pioneer in the leveraged buyout business. He was responsible for Wesray’s investments in ten portfolio companies, including Simmons Bedding, Wilson Sporting Goods, and Avis. Throughout his career, he has served on the Boards of Directors and Executive Committees of more than 30 companies. Mr. Howard earned an MBA from the Yale School of Management, where he currently serves on its Advisory Board, and a BA from Trinity College. In addition, Mr. Howard serves on the Board of Trustees of the Yale School of Management as well as on the Board of Trustees of Mt. Sinai Hospital.
MR. HOWARDS’ CURRENT PORTFOLIO COMPANY BOARD SEATS: Aéropostale, Inc. http://www.aeropostale.com, Dots, LLC http://www.dots.com, Multi Packaging Solutions, Inc. www.multipkg.com, New York & Company, Inc. http://www.nyandcompany.com and rag & bone, LLC http://www.rag-bone.com
MR. HOWARDS’ REPRESENTATIVE FORMER PORTFOLIO COMPANY BOARD SEATS: Integrated Circuit Systems, Inc. www.icst.com, Nice-Pak Holdings www.nicepak.com, NRT Incorporated Safety 1st, Inc., Seven For All Mankind, LLC www.7forallmankind.com, Standard Holdings, LLC, Stuart Weitzman, LLC www.stuartweitzman.com, Universal Hospital Services, Inc., www.uhs.com, and Vitamin Shoppe, Inc. www.vitaminshoppe.com.
In addition to John Howard, Jim Burr, Managing Director, The Carlyle Group, Mark Christopher, Managing Director, The Carlyle Group, Paul Wright, Managing Director, JP Morgan and Budd Watts, Managing Director, The Carlyle Group is also scheduled to speak at the conference on February 22, 2013. Bourne Partners is hosting the event at Quail Hollow Club and will also be hosting a cocktail reception the evening before the conference.