Genstar Capital Names Paul Black Operating Executive

Veteran Healthcare Information Technology Executive To Actively Help Drive New Investments In Healthcare and Software

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Jan 18, 2011, 08:30 ET

SAN FRANCISCO, Jan. 18, 2011 /PRNewswire/ -- Genstar Capital, LLC, a middle market private equity firm that focuses on investments in selected segments of the life sciences, healthcare, financial services, software, and industrial technology industries, today announced the appointment of healthcare and information technology executive Paul M. Black as an Operating Executive.

Jean-Pierre L. Conte, Chairman and Managing Director of Genstar, said, "Genstar's operating executives represent a core strength of the firm and we are pleased to add someone of Paul's experience to our team. He will help identify future healthcare technology and services investments and guide the development of existing companies within our portfolio. Given his experience in organic growth strategies and his network of industry leading healthcare and information technology organizations, we are very fortunate to add Paul to the Genstar team of dedicated investment and operating professionals."

Genstar Capital's Operating Executives have significant hands-on experience working in their respective industries, and bring immense knowledge and expertise in building industry-leading companies. They assist the firm's investment professionals in all aspects of the investment process, including investment thesis generation, industry networking, due diligence and participating on portfolio company boards.

Mr. Black served with publicly-traded Cerner Corp from 1994 until his retirement in 2007, a leading supplier of healthcare information technology, where he played an instrumental role in the company's double digit organic growth for 13 years, most recently as its Chief Operating Officer. For most of his career at Cerner, Mr. Black was also the Chief Sales Officer. Prior to Cerner, Black was with IBM from 1982 to 1994, in a number of senior sales and professional services leadership positions. Since 2007, Mr. Black was a Senior Advisor with New Mountain Capital in New York and served as a Director on several New Mountain portfolio companies. He will remain as an Advisor to New Mountain's debt effort, Guardian, which was established in 2008 to purchase debt securities.

Mr. Black received a BS degree from Iowa State University and an MBA from the University of Iowa. He currently serves on the Boards of Saepio, Inc., Connextions, Inc., and is the Board Chair of Truman Medical Centers.

"I am pleased to be joining such an outstanding team of highly experienced industry and private equity executives," said Mr. Black. "I look forward to working with the Genstar team to enhance value within the existing portfolio and to help identify new and exciting investment opportunities within the constantly evolving healthcare, information technology and software sectors."

Roman Margolin, a Genstar professional, said, "Paul's involvement with Genstar strengthens our ability to identify new investments in the healthcare technology sector, a growing area of focus for us, and we believe he will provide valuable new insights to further grow our existing companies given his industry experience."

About Genstar Capital, LLC

Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for more than 20 years. Based in San Francisco, Genstar works in partnership with its management teams and its network of operating executives and strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar has more than US$3 billion of committed capital under management and targets investments focused on selected sectors within the life science, healthcare services, software and software services, financial services, and industrial technology industries.

CONTACT: Chris Tofalli, Chris Tofalli Public Relations LLC, +1-914-834-4334

SOURCE Genstar Capital, LLC