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Lindsay Goldberg poaches Morgan Stanley exec

Eric Fry joins the buyout group as a partner in its New York office.

Lindsay Goldberg has appointed investment banking private equity veteran Eric Fry a partner in its New York office, according to a statement from the firm.

Prior to joining Lindsay Goldberg, Fry served as a managing director at Morgan Stanley Capital Partners which he joined 24 years ago. During his more than two decades of experience at the investment bank’s private equity arm, Fry worked under well-known Wall Street buyout executive Alan Jones, who now serves as chairman of the investment committees for Morgan Stanley’s private equity funds.

“Eric’s strong investing expertise and his background are an excellent fit with our long-term, family-oriented investment culture,” said Alan Goldberg, co-founder and chief executive of Lindsay Goldberg.

Fry was a director on more than 15 portfolio companies of Morgan Stanley Capital Partners including Tops Markets, EnerSys, Vanguard Health Systems and Cross Country Healthcare.

Lindsay Goldberg, which ranked 261st on this year’s PEI 300 and is investing from its $3.3 billion 2014-vintage fourth fund, has executed both realisations and new investments in the last several months. In June, it sold its German plastics packaging company Weener Plastic Packaging Group to UK’s 3i Group for €250 million ($279.5 million; £183million). In April, the firm acquired ThyssenKrupp’s Germany-based VDM Group for an undisclosed sum.