Behrman Capital Names Milan Mandaric Operating Partner; Successful Entrepreneur and Investor In Outsourced Manufacturing Industry.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and SAN FRANCISCO--(BUSINESS WIRE)--May 27, 1998-- Behrman Capital, a private investment firm focusing on emerging growth companies, today announced that Milan Mandaric has joined the firm as an operating partner. Mr. Mandaric, 59, has had extensive operating experience in the outsourced manufacturing industry and also has been a highly successful entrepreneur and investor in "start- up" companies. As an operating partner at Behrman Capital, he will be involved in finding and evaluating potential acquisition candidates and developing new platforms in the outsourced manufacturing sector for the firm's continued expansion. He will also work with existing portfolio companies to add value and will act as a non-executive chairman or board member for new portfolio companies. "Milan Mandaric's professional career is a classic American success story," said Grant G. Behrman, a Managing Partner of Behrman Capital. "Since arriving in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. from Europe 28 years ago, he has founded and nurtured several successful companies involved in the manufacture of printed circuit boards. He has also invested in numerous high-tech enterprises, many of which have experienced tremendous growth and profitability. His creativity, entrepreneurial spirit, financial prowess and management expertise will be extremely useful to our firm and our portfolio companies as we expand our activities in the outsourced manufacturing sector." Most recently, Mr. Mandaric was Chairman and Chief Executive Officer of Elexsys International, Inc., a backpanel and printed circuit board manufacturer. Previously he was a founder, Chairman and President of Sanmina Corporation, a leading independent supplier of backpanel assemblies, printed circuit board fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. and contract assembly. From its founding in 1980, Sanmina's market capitalization Market Capitalization A measure of a public company's size. Market capitalization is the total dollar value of all outstanding shares. It's calculated by multiplying the number of shares times the current market price. This term is often referred to as market cap. has grown to almost $2 billion. Mr. Mandaric sold Elexsys to Sanmina in November 1997. Mr. Mandaric founded Lika Corporation, a major manufacturer of printed circuit boards, in 1970 and served as the company's Chairman and President for ten years. He sold Lika to Tandy Corporation Tandy Corporation was a family-owned leather goods company based in Fort Worth, Texas, which is best known for purchasing and giving its name to the Cambridge, Massachusetts-based RadioShack Corporation. in 1980. Mr. Mandaric also founded and developed Senses International, a designer and manufacturer of wireless communications wireless communications System using radio-frequency, infrared, microwave, or other types of electromagnetic or acoustic waves in place of wires, cables, or fibre optics to transmit signals or data. . A soccer enthusiast, Mr. Mandaric has played the sport professionally and, more recently, has served as owner of the San Jose Earthquakes
A native of the former Yugoslavia, Mr. Mandaric became a U.S. citizen in 1976. Behrman Capital invests in management buyouts of growth companies focused on the health care, outsourced manufacturing, and information technology industries, as well as special situations. The firm also provides expansion capital to emerging growth companies, principally in the high technology and health care industries. Based in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. and San Francisco, Behrman Capital was founded in 1992 by Darryl G. and Grant G. Behrman. The firm currently has a combined capital base exceeding $640 million. CONTACT: Michael Freitag Kekst and Company (212) 521-4800 |
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