New York- and Los Angeles-based Fenway Partners has promoted Aron Schwartz to the position of managing director, the firm said in a statement.
Schwartz: new Fenway managing director
“Schwartz is responsible for contributing to the firm’s transaction sourcing, portfolio company management and value realisation events,” the statement said. In conjunction with Mark Geneder, a managing director at the firm, Schwartz also oversees the portfolio company Easton Bell Sports, a maker of sporting goods under the brands Riddell®, Easton®, Bell® and Giro® based in California. Easton Bell is the result of a merger of multiple acquisitions, including the $100 million purchase of athletic gear distributor Riddell Sports Group in 2003 and the $240 million purchase of action sport helmet and accessories maker Bell Sports Corporation in 2004. Fenway combined Riddel Bell Holdings with Easton Sports in a $400 million transaction last year.
Schwartz joined Fenway in August of 1999. He has played an active role in the $100 million purchase of diamond jeweler Harry Winston in 2000. He was also involved in the sale of MW Manufacturers, a US maker of window products, to Investcorp for $188 million in January of 2003. Prior to Fenway, Schwartz worked at Salomon Smith Barney as an associate in the Financial Entrepreneurs Group.
Headed by its chief executive officer Peter Lamm, Fenway is in the process of raising its third fund. According to documents filed with the Securities and Exchange Commission early last year, the firm is seeking up to $1 billion.