CMS Pros Form New Small-Cap PE Firm
Three senior investment pros with in the CMS private equity group are leaving to form a new small-cap private equity effort, and already have made their debut investment. The news was announced earlier today in a mass email from Michael Rafael, a CMS director who is leaving alongside Daniel Eisenstadt (managing director) and Marc Nathan (director). All three will be partners with MDM Equity Partners, which "will invest in and operate small businesses." Rafael writes that the trio's first investment is in the veterinary services sector, without prividing additional details. The above photo is from the sparse MDM website, but appears to be for a hot dog shop in Albuquerque (we'll assume that Raphael was referring to literal animals, not metaphoric ones).
