DLJ Merchant Banking Partners, the private equity affiliate of global financial services company Credit Suisse, has appointed three new partners: Allen Yurko will be an industrial partner, and John Janitz and Dominick Schina will be global industry partners.
Fifty-five-year-old Yurko will be based in London and will work with Colin Taylor, a DLJ managing director and the head of the firm’s European division. Yurko comes to the firm from Compass Partners, a European private equity firm, which he joined in 2002. There he was an operating partner and director, and he specialised in industrial electronic buyouts and general manufacturing buyouts valued between $150 million (€114 million) and $600 million. Before joining Compass, Yurko was the chief executive officer of Invensys, a UK software maker, for two years.
Janitz comes to DLJ from Questor Management Company, a Michigan-based turnaround capital investment firm where he was a co-managing principal. The 64-year-old previously served as the president and chief operating officer of Textron, a publicly traded, multi-industry company that serves the aviation, aerospace and defense markets. He also served as the president, chairman and chief executive officer of a Textron subsidiary, Textron Automotive.
Schiano, 52, also joins the firm from Questor and formerly worked at Textron. At Questor, he was a managing director and a member of its investment committee. He held a number positions at Textron, including executive vice president and chief financial officer of Textron Automotive.
Both Janitz and Schiano will work from the firm’s New York office.
DLJ is currently investing its fourth fund, DLJ Merchant Banking Partners IV, which closed at $2.1 billion last October. At the time of the close, the fund had already invested or committed to invest about $500 million in six portfolio companies.