New Mountain Capital will own approximately 50 percent of Stroz Friedberg, with the remaining ownership shared by Greenhill Capital Partners II LP, Stroz Friedberg's initial private equity investor, and Stroz Friedberg's employees.
"Stroz Friedberg has experienced tremendous growth since its inception in 2000, and has more than tripled its revenues since our investment in December 2006. This partnership will enable the firm to meet the increased demand for managing the risk inherent in key digital assets such as e-mail, source code, electronic records, and Web 2.0 presence," says Robert Niehaus, Chairman of GCP Capital Partners LLC, the investment firm that manages Greenhill Capital Partners II LP.
Stroz Friedberg's proactive growth strategy is meant to further support its clients' global needs. New Mountain Capital's robust investment in the firm, along with the continued guidance and support of Greenhill Capital Partners, will help speed Stroz Friedberg's ability to establish offices both domestically and globally, where existing clients' demands are urgent and potential clients abound. The additional resources will further the firm's ability to attract its signature consultative talent in the form of both high-profile industry specialists and brilliant young stars emerging from the top undergraduate and Masters programs.
Mr. Stroz and Mr. Friedberg will continue as Co-Presidents and will be joined on Stroz Friedberg's Board of Directors by Fred Salerno, Raj Gupta, Myron Trepper, and Alok Singh, who will serve as Lead Director. Robert Niehaus and Dhiren Shah will continue serving on the Board representing Greenhill Capital Partners. Fred Salerno is former Vice Chairman and CFO of Verizon and current Dire
|SOURCE Stroz Friedberg|
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