LJH Global Investments has backed the launch of LJH Linley Capital, LLC (Linley Capital), a new private equity firm headed by John R Jonge Po
LJH Global Investments has backed the launch of LJH Linley Capital, LLC (Linley Capital), a new private equity firm headed by John R Jonge Poerink, that will invest in global mid-sized companies through leveraged buyouts, recapitalisations and growth equity investments in a variety of sectors and regions, including consumer products, industrial and manufacturing.
LJH Global Investments, an alternative investment management firm that works with high net worth individuals and families throughout the United States and Europe, is providing interim equity financing that will enable the new firm to make immediate investments ranging from USD 50-800 million in transaction value.
John R. Jonge Poerink has over 16 years of experience in mergers and acquisitions, management and operations. Prior to co- founding Linley Capital, he was a partner in a New York-based middle market buyout firm where he worked on leveraged buyout transactions with more than USD 400 million in enterprise value, including the acquisition of Rocket Dog Brands and Luxury Optical Holdings. In addition, he spent 12 years in the management, marketing and operations of consumer goods companies such as Limited Brands Inc. and Benetton Group SpA where he was involved in numerous mergers and acquisitions situations. He earned his Masters in Business Administration in Finance at The Wharton School at the University of Pennsylvania and a Masters in Marketing and Communications at the University of Amsterdam.
"Together with LJH we have developed a unique structure for private equity investments, combining a robust source of capital, an experienced transaction team and a world-class board of operating experts. It allows us to be flexible and make prudent investments across a wide range of industries and geographies," says Poerink.
The new firm's advisory board includes among others: Robert F. Bernstock, former president and chief operating officer of Scotts Miracle-Gro and current president of the Shipping and Mailing Services division of the United States Postal Service; Brian G. Dyson, former vice chairman and chief operating officer of the Coca Cola Company; Cathy Taylor, chief executive officer of Phoenix Footwear and former chief executive officer of Cole Haan; and David Sutherland, former president and chief executive officer of steel manufacturing company IPSCO Inc.
Advisory board members will work in close partnership with the Linley team throughout the entire buyout process to provide due diligence support and industry expertise, and work with management of portfolio companies on developing and implementing operating and growth strategies.
"Over the years, we have developed a strong foundation of trust and respect for John's investment and management capabilities. Partnering with John to build Linley Capital represents an exciting initiative for LJH and our investors. Moreover, we believe that Linley's middle market focus is both timely and under-served," said James R. Hedges, IV, chairman and founder of LJH Global Investments.
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