Geoffrey S. Rehnert and Marc B. Wolpow Team Up to Start New Private Equity Firm.
BOSTON--(BUSINESS WIRE)--July 19, 1999--
Geoffrey S Geoffrey (jĕf`rē), 1158–86, duke of Brittany (1171–86); fourth son of Henry II of England. Betrothed (1166) to Constance, heiress of Brittany, he was recognized as heir to the duchy in 1169 and succeeded to it on the death of her . Rehnert and Marc B. Wolpow announced that they have resigned as Managing Directors from Bain Capital Bain Capital LLC is a Boston, Massachusetts-based private equity firm founded in 1984 by Mitt Romney, the former Governor of Massachusetts, and two other partners from the consulting firm Bain & Company: T. Coleman Andrews III and Eric Kriss. , Inc. and will become Special Limited Partners of the firm. Mr. Rehnert has been associated with Bain Capital, a leading private investment firm based in Boston Boston, town, England
Boston, town (1991 pop. 26,495), E central England, on the Witham River. Boston's fame as a port dates from the 13th cent., when it was a Hanseatic port trading wool and wine. Having recovered from a decline in the 18th and 19th cent. , since its inception in 1984; Mr. Wolpow joined in 1990. At the same time, Mr. Rehnert and Mr. Wolpow announced they will be forming a new firm, the Audax Group, initially focusing on private equity for middle market companies.
"It is with mixed emotions that we are moving on to a new and exciting venture," said Mr. Rehnert. "Marc and I are very proud of the roles we have played building Bain Capital into a world class organization. However, we are very excited to start our own firm, the Audax Group, which we plan to build into a leading company in its own right. We are also looking forward to working with Bain Capital in a complementary fashion."
Mr. Wolpow added, "We believe the Audax Group will play a pivotal role in the middle market for private equity buyouts and that the market there remains relatively underserved. We expect to work with our former Bain Capital colleagues as partners on future investment transactions and appreciate their support in helping us establish our new company."
Bain Capital CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. W. Mitt Romney This article or section contains information about one or more candidates in an upcoming or ongoing election.
Content may change as the election approaches. , currently on a part-time leave of absence to head the Salt Lake City Olympic Committee for the 2002 Games said, "Geoff and Marc have each made very significant contributions to the growth of our business, and have played important roles in furthering its success. In particular, Geoff, who helped us to start Bain Capital played a key role in building our franchise and led several of our highly successful transactions. Marc brought extensive capital markets expertise to the firm, where he co-headed our mezzanine mez·za·nine
1. A partial story between two main stories of a building.
2. The lowest balcony in a theater or the first few rows of that balcony. efforts and played a critical role in conceiving Conceiving may refer to: