MidOcean Brings on Dhruv Prasad to Help Target Investments in the
Experiential Space and Adds DJ Jenson to Boost Resources in its Target
Consumer Sectors
NEW YORK–(BUSINESS WIRE)–MidOcean Partners (“MidOcean”), a premier middle market private equity
firm, today announced that Dennis “DJ” Jenson and Dhruv Prasad have
joined its Executive Board, effective May 1, 2019.
MidOcean has developed a strong and active Executive Board, comprised of
influential senior executives who have experience running large
companies within MidOcean’s target sectors. These leading industry
executives provide operational expertise and unique insights, including
in-depth knowledge of industry dynamics, competitive landscape and
trends, that guide MidOcean’s investment themes and value creation
strategies.
Mr. Jenson will add to the MidOcean Consumer Team’s expertise in
selective, theme-driven investments, including specialty food &
beverages, sports & fitness, beauty/personal care and home leisure &
sustainable living. Mr. Prasad will work closely with Barrett Gilmer of
MidOcean’s Business Services Team to source, evaluate, and operate
investments in experiential, media, entertainment, and related services
businesses.
“The addition of DJ and Dhruv not only adds considerable strength to our
roster of seasoned operating resources,” commented David Kieselstein,
Chairman of MidOcean’s Executive Board, “it also personifies our goal of
providing expert operating support for our portfolio
companies–particularly with branding, new product development and
market positioning—as well as adding firepower to help originate and
diligence new investment opportunities.”
Mr. Jenson has 30 years of leadership and brand-building experience in
the lifestyle consumer products and is a strong advocate of using
business as a force for good. Prior to joining MidOcean, Mr. Jenson
served as an operating partner for North Castle Partners, LLC, a private
equity fund focusing on healthy, active and sustainable living within
the consumer sector.
Mr. Prasad is an accomplished media and entertainment entrepreneur,
investor, and operating executive. Prior to joining MidOcean, he was
Co-CEO of Townsquare Media, Inc. (NYSE: TSQ), a broadcasting, live
events, and digital marketing services company which he co-founded in
2010 and which is now the third-largest owner of radio stations in the
US.
About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager
that specializes in middle market private equity and alternative credit
investments. Since its inception in 2003, MidOcean Partners has managed
over $4.5 billion of committed capital and has targeted investments in
high-quality middle market companies in the consumer and business
services sectors. MidOcean Credit Partners was launched in 2009 and
manages more than $8 billion across a series of alternative credit
strategies, collateralized loan obligations (CLOs), and customized
separately managed accounts as of March 31, 2019.
Contacts
MidOcean Media Relations
Nathaniel Garnick
Gasthalter &
Co.
212-257-4170
[email protected]
MidOcean
Investor Relations
MidOcean Partners
[email protected]
