Pioneering Management and Investment Firm Combines Capital With Management Expertise.
Three prominent executives today launched an innovative management and investor group, GGW Management Partners, designed to invest in small and mid-cap companies requiring both management-intensive solutions and equity capital to achieve enhanced value.
GGW is allied with three of the nation's most prominent investment organizations, Madison Dearborn Partners, Willis Stein & Partners and interests of the Pritzker family, to provide support and capital to finance the new firm's transactions.
The group possesses strong, complementary skills in the vital areas of strategy, operations, planning and finance. They are: Jeffrey A. Golman, former managing director in Lazard Freres Banking Group and vice president in Salomon Brothers; J. Douglas Gray, who has served as chief executive officer of CSC Index, managing director of A.T. Kearney and managing director at Morgan Stanley & Company; and John R. Walter, currently chairman of Manpower, Inc., former president and chief operating officer of AT&T and former chairman, president and chief executive officer of R.R. Donnelley & Sons, Inc.
"We believe great opportunities to realize above market returns today are to be found in small to medium-cap companies experiencing or about to experience transition, companies facing strategic challenges, or under performing companies. They need both capital and management-intensive solutions," said John Walter. "We have assembled the right combination of skills, talent, experience, energy and capital to help promising companies achieve their potential value."
GGW Management Partners will focus on partnering with companies valued over $100 million in the fields of consumer products, information technology, financial and professional services, and diversified manufacturing. Sound businesses suffering poor valuation from increasingly demanding markets, companies in industries in rapid consolidation, those with excess or poorly utilized capital, and those with untapped business opportunities are examples of the kinds of companies that will benefit from the firm's participation.
"GGW is filling a need," said Doug Gray. "Where many traditional investment firms may see too much management risk, we see opportunity. We bring new dimensions to the management process that will unlock significant incremental value of the companies in which we invest."
When necessary, GGW Management Partners will tap the principals' extensive network of proven managers and access its investors' relationships to help businesses requiring complex strategic, operational and financial solutions.
"Our skill sets, including our strengths in strategy and operations, coupled with a powerful alliance of private equity investors, make GGW excellent partners for building value. We are in an excellent position to solve critical problems that are preventing companies from realizing their true potential," said Jeff Golman.
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|Date:||Oct 11, 1999|
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