MidMark Capital is a private equity fund manager which raised, invested and harvested three funds:
· MidMark Capital, L.P. in 1994;
· MidMark Capital II, L.P. in 2000; and
· MidMark Investors, L.P. in 2010.
Since inception, we have invested in more than 40 platform companies with aggregate revenues of more than $2 billion and operations on four continents. We are currently in the final stages of exiting the last of our investments, and collecting earnouts and escrows.
Based on experience investing in over 30 of our portfolio companies over the last 20 years, the younger generation of MidMark partners has embarked on a new venture for the next 20 years: Finlay Parker Holdings, LLC. Details of their new venture can be found here.
The older generation of MidMark partners has retired from institutional investing. But each of us continues to make personal investments, sit on boards of directors, and contribute to our communities. We hope to continue hearing from you.
Limited partners seeking financial information and other reporting, please click on the Partner link above.
Business owners, investment bankers and intermediaries with equity investment opportunities, please direct your inquiries to Finlay Parker Holdings, LLC.
Thank you for your support.
Mr. Clevenger has more than thirty years of private equity investment experience as Managing Director of MidMark since 1989, as President of Lexington Investment Company from 1985 to 1989, and previously at DLJ Capital Corporation (Donaldson, Lufkin & Jenrette, now CSFB's Sprout Group) and INCO Securities Corporation, the venture capital arm of INCO Limited.
Prior to founding MidMark, he negotiated fifteen management buyouts with aggregate sales in excess of $1.1 billion. He has significant corporate restructuring experience, including the sale of five companies with combined sales of $850 million and net book value of $450 million.
Underpinning his private equity experience, Mr. Clevenger has over twelve years of operating experience in increasingly responsible positions with INCO Limited and its subsidiaries, including five years as Plant Manager of a 500 employee, $50 million industrial battery operation. He was Business Development Manager for all secondary battery and charging systems with worldwide responsibility for strategic planning, capacity coordination, intercompany transfer pricing, and shared P&L accountability for 9 country operations. He was also responsible for two subsidiary companies, a $15 million metals reclamation business, and a $35 million safety products business.
Mr. Clevenger has served as a director of fifty companies, including four public companies. He currently serves on several MidMark portfolio company boards and he serves on one non-MidMark board, the Boler Company, a private company headquartered in Itasca, IL. He also serves on the Visiting Committee of the CWRU College of Arts and Sciences in Cleveland, OH. Mr. Clevenger received a Bachelor of Business Administration degree from Case Western Reserve University (1965) and an Executive MBA from Columbia University (1981). He resides with his wife Charlotte in Captiva, FL and Westfield, NJ.
J Mr. Newman provides the team with broad experience in investment banking, venture capital, and international finance. He has been successfully involved in over two hundred public offerings and direct placements, including fifty international financings, thirty mergers and acquisitions aggregating over $3 billion, and twenty-eight venture capital investments. He was instrumental in management buyouts aggregating approximately $1.5 billion, which produced returns in excess of 100% per year. He worked thirty-three years with First Boston Corporation, (now Credit Suisse First Boston Corporation) twenty-one of which he served as a Managing Director.
Prior to founding MidMark, Mr. Newman was President of The Dunmore Group, Inc., a merchant banking firm.
At First Boston, Mr. Newman founded, built and managed the Investment Group from 1981-1986 which, together with the LBO Group, was responsible for all of the non-real estate proprietary investments made by the firm and its limited partnerships. He was a founding and continuous member of The First Boston Investment Committee. Previously, he headed the International Group which, along with Credit Suisse First Boston, Ltd., had responsibility for all international corporate finance activities. He also worked as a Financial Officer with the International Bank for Reconstruction & Development (the World Bank).
Mr. Newman has served as a director of twenty-seven companies, including six publicly-owned corporations. Mr. Newman graduated from Yale University (B.A., 1952) and Harvard Business School (M.B.A., 1954). He resides with his wife Mary in Short Hills, NJ.
Mr. Robinson enhances the MidMark team with fifteen years of P&L responsibility in executive management positions with subsidiaries of Vendex International, SHV Holdings, and International Basic Economy Corporation (IBEC). Much of his management experience was gained in Latin America, where he operated successfully under extreme conditions of inflation and economic instability. His experience includes successful involvement in six turnarounds, six acquisitions, four divestments, two buyouts, and two venture investments. Prior to founding MidMark, Mr. Robinson was Vice President of Lexington Investment Company where he was involved with a broad range of buyouts and venture capital investments.
Mr. Robinson was President, Chief Executive Officer and Director of Vendex International's Brazilian retail and consumer finance subsidiaries with revenues of $400 million and 6,700 employees. Earlier he worked as Chief Operating Officer and Director of SHV Holdings' Brazilian retail subsidiary. He started his career with IBEC as a Financial Analyst in New York and later became Assistant General Manager and Director of IBEC's supermarket subsidiary in Argentina.
Mr. Robinson has served as a director of over twenty companies and is presently on the Board of several of MidMark's portfolio companies, as well as a Trustee to three non-profit boards. Mr. Robinson studied history at Cornell University (B.A., 1964) and finance at the Wharton Graduate School of Finance (1967). He resides with his wife Marite in Summit, NJ, has three children and speaks fluent Portuguese and Spanish.
Mr. Finlay joined MidMark in 1997. Mr. Finlay brings with him experience from more than $1 billion of completed transactions as investment banker and principal. Previously, he was with the New York merchant banking firm Juno Partners, and its investment banking affiliate, Mille Capital. He also spent several years with the Connecticut investment banking firm Southport Partners, where he closed numerous mergers and acquisition transactions for prominent clients such as IBM.
Mr. Finlay is currently a director of several of MidMark's portfolio companies as well as a manufacturer of test & measurement equipment and a marketer of women's hygiene products. He is Treasurer and a member of the Board of Trustees of the Mayo Performing Arts Center, where he recently Co-Chaired a successful $7 million capital campaign. Mr. Finlay is a founding member and sits on the board of the Association for Corporate Growth’s New Jersey Chapter, and also is a member of the New Jersey Chamber of Commerce Tax Council. Mr. Finlay graduated from Yale University (1990) with a B.A. in Philosophy, and received his M.B.A. from Columbia Business School (1995). Mr. Finlay resides with his wife Teresa and three children in Far Hills, NJ.
Mr. Parker joined MidMark in 2000. Mr. Parker was previously at Regent Capital Partners, L.P., a private investment firm based in New York, where for three years he helped the firm invest in 14 businesses in transactions valued at $350 million. Prior to Regent Capital, Mr. Parker worked in sales and marketing for five years, most recently in Hong Kong for Thomson Financial Services, a leading international provider of financial information, and earlier for the Truesdell Company, a manufacturers' representative of process control instrumentation and fluid power components.
Mr. Parker graduated from Yale University (1991) with a B.A. in Electrical Engineering and Economics and received an M.B.A. from Columbia Business School (1998). He resides with his wife Dyanna and three children in Westfield, NJ.
Mr. Colangelo joined MidMark in 2000. Mr. Colangelo contributes to the team more than twenty-five years of operating experience in the defense, automotive, aerospace, and electrical products markets. For the nine years prior to joining MidMark, Mr. Colangelo served as President and Chief Executive Officer of SPD Technologies, Inc., a designer and manufacturer of a wide variety of electrical products and systems for the U.S. Navy and the aerospace, utility and rail markets with revenues of $230 million and 1,500 employees.
SPD Technologies was formed in 1987 through a management buyout co-led by Mr. Colangelo. Again, in 1996 Mr. Colangelo led the management buyout of SPD Technologies, for which MidMark Capital provided the equity. Mr. Colangelo, through five acquisitions and an aggressive diversification program, strategically positioned SPD Technologies as the dominant player in its primary markets and negotiated the successful merger with L-3 Communications, Inc. During his twenty years with SPD Technologies and its predecessor companies, Mr. Colangelo served in a variety of executive positions in the areas of manufacturing, materials management, engineering and finance. Earlier in his career, Mr. Colangelo held executive positions with RCA and Rockwell International.
Mr. Colangelo has served as a director of numerous companies, including SPD Technologies and several of MidMark's portfolio companies. In 1999, Mr. Colangelo was the recipient in Greater Philadelphia and a national finalist of the Entrepreneur of the Year Award in Manufacturing. Mr. Colangelo graduated from Rowan University (B.A., 1975) and Xavier University (M.B.A., 1976)
Mrs. Werner joined MidMark in 1994 and is responsible for all treasury activities including management and preparation of audited and quarterly reports, investment documentation and coordination, and management of idle funds investments. Prior to joining MidMark, she was Treasurer of MBW Management, Inc. and Controller of MBW Venture Partners Limited Partnership and the Michigan Investment Fund, L.P. She also served as Treasurer of Doan Associates and Doan Resources Corporation and has served as a consultant to a number of Small Business Investment Companies. She is married and has four children.