MSD Capital, L.P. Names Doug Londal, Former President and COO of New Mountain Capital, LLC, to Lead Private Equity Investment Group

NEW YORK, Sept. 16, 2015 /PRNewswire/ -- MSD Capital, L.P., the private investment firm established in 1998 to exclusively manage the capital of Michael Dell and his family, today announced that Douglas F. Londal has been named a Partner and Head of Private Equity.  Mr. Londal joins MSD Capital from New Mountain Capital, LLC, an alternative asset management firm, where he was President and Chief Operating Officer.  At MSD Capital, Mr. Londal has a mandate to grow the firm's private equity effort.

MSD's co-Managing Partners Glenn Fuhrman and John Phelan said: "MSD Capital has a record of successful private equity investing that extends more than a decade.  As we look forward, we believe there are opportunities to continue to generate good returns and deploy even more capital.  We are pleased that Doug Londal has joined MSD to oversee this important strategy.  Doug is a proven investor, having been directly involved in investing more than $4 billion in private equity and mezzanine financing, as well as a proven leader, having participated in the growth of New Mountain Capital over the past 11 years.  Under his direction, the MSD Capital Private Equity group will be looking to continue to invest in high-quality companies with world-class management teams."

Mr. Londal said: "I am excited to be joining MSD Capital.  The firm is differentiated in the marketplace by its broad investment mandate and permanent, flexible capital base, which allows it to creatively structure and execute transactions.  It is advantaged by the fact that its investment time horizons and decisions are not influenced by the restrictions of typical fund arrangements or the pressures of fund raising.  I look forward to growing this key strategy within MSD and partnering with company management teams across a variety of industries."

Mr. Londal joined New Mountain in 2004 when the firm had one private equity fund and $770 million of assets under management (AUM).  He helped grow New Mountain to $15 billion of AUM by 2014 and into three separate businesses, including private equity, New Mountain Vantage Advisers (a public equity portfolio) and New Mountain Finance Corporation (NYSE: NMFC), a publicly-traded business development company.

Prior to joining New Mountain, Mr. Londal spent 14 years at Goldman, Sachs & Co.  He was a Managing Director in the Principal Investment Area and, among other positions, served as Co-Head of the U.S. Merchant Banking business and Co-Head of U.S. Mezzanine business.  In these roles, he was responsible for investing on behalf of GS Capital Partners 2000, L.P. (a $5.25 billion fund) and GS Mezzanine Partners III, L.P. (a $2.7 billion fund), as well as predecessor funds.  Mr. Londal was a member of the Mergers & Acquisitions Department of Goldman Sachs from 1991 to 1995.  He received his B.A. in Economics from the University of Michigan in 1987 and his M.B.A. from the University of Chicago Graduate School of Business in 1991.

About MSD Capital's Private Equity Group
MSD Capital's Private Equity Group invests in outstanding businesses with world-class management teams. The business knowledge and experience of its investment professionals and its broad network in business and the financial sector enable MSD to provide significant added value to its portfolio companies. MSD seeks to develop constructive, long-term partnerships with management teams, investment partners and capital sources. MSD generally targets private equity transactions in which it can invest $100-300 million in equity, although it has the flexibility to make investments both above and below that target range.

Past investments by MSD's Private Equity Group include:

• Waypoint Leasing – In 2013, MSD Capital co-founded Waypoint Leasing, now the world's largest independent global helicopter leasing company.  Waypoint has a fleet of over 100 aircraft on lease, as well as a large selection of multi-year forward deliveries, representing a combined value of approximately $3 billion.
• ValleyCrest Companies – In 2006, MSD acquired a majority interest in ValleyCrest, the largest integrated landscape services provider in the United States, alongside the founding family.  Under MSD's ownership, ValleyCrest successfully implemented productivity programs to improve operating margins and grew its landscape maintenance business both organically and through acquisitions.  In 2014, ValleyCrest merged with The Brickman Group, creating BrightView, a world-class landscape and snow services company with combined annual revenues of over $2 billion.
• OneWest Bank (formerly IndyMac) – MSD was a lead investor in the purchase of IndyMac Bank from the FDIC in March 2009.  During the ownership period, OneWest Bank successfully re-branded and repositioned itself and made a number of follow-on acquisitions.  OneWest was acquired by CIT Group in 2015 for approximately $3.4 billion.

About MSD Capital, L.P.
MSD Capital, L.P. is the private investment firm that was established in 1998 to exclusively manage the capital of Michael Dell and his family. The firm's investment strategy is focused on maximizing long-term capital appreciation by making investments across the globe in the equities of public and private companies, credit, real estate and other asset classes and securities.  In 2009, the principals of MSD Capital formed MSD Partners, L.P., an SEC-registered investment adviser, to enable a select group of investors to invest in strategies that were developed by MSD Capital.  MSD Capital and MSD Partners are headquartered in New York. In total, the firms manage assets in excess of $16 billion.

SOURCE MSD Capital, L.P.

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