Olympus promotes two partners

US mid-market firm Olympus Partners has promoted two of its principals to partner.

Olympus Partners has promoted Evan Eason and Michael Horgan to partner. The firm now has seven partners who report to managing partner Robert Morris.

Eason joined the firm in 2006 as a vice president, before being promoted to principal last year. Prior to joining he was a vice president at American Capital Strategies, where he worked on leveraged buyouts and mid-market company financings, the firm said. He has also worked for mid-market US buyout group FdG Associates and as an equity research analyst at Montgomery Securities.

Horgan began work at Olympus in 2008, again as a vice president. He became a principal last year. He was a managing director at GL Ohrstrom before joining Olympus where he worked on growth capital financings, recapitalisations and mid-market buyouts. He has also worked for CIT Equity Investments & Venture Capital, and for KPMG Peat Marwick.

Stamford-based Olympus is currently investing its fifth fund, the $1.5 billion Olympus Growth Fund V. The firm targets deals in the $20 million to $300 million bracket, and has made more than 50 investments since its inception in 1988.