Riverside promotes three to partner

The promotions come following a year in which Riverside completed a record 36 total acquisitions and 14 total exits.

The Riverside Company has promoted three individuals to partner, part of a nine-person group of senior professionals to be promoted at the firm.

The mid-market investor has promoted Joe Lee and Jack Nestor to partners in its Cleveland office. Lee joined Riverside in 2006 and has worked on six platform investments, while Nestor has been with the firm since 2005 and has led seven platform deals. 

Riverside has also promoted Munich-based Peter Schaberger to partner. Schaberger joined Riverside in 2005 and has been involved with the acquisition or management of seven platform companies and four exits. 

In addition to the partner promotions, Riverside has also promoted three US-based individuals to principal – Marty Graul in Dallas, Jeremy Holland in Los Angeles and Meranee Phing in San Francisco – and one in Europe, promoting Lars Eriksson to principal in its Stockholm office. 

Investor relations-focused Monica Chase and sourcing executive Sarah Spencer were also promoted to directors in New York.

The nine promotions follow a busy 2012 for Riverside that saw the firm set records for both total acquisitions and exits, completing 36 and 14, respectively. Riverside also added a Singapore office last year to include Southeast Asia and Greater China in its Asia investment strategy that previously operated only out of Hong Kong. 

Private Equity International’s readers voted Riverside mid-market firm of the year in North America in 2012. The firm has invested in more than 300 transactions since its founding in 1988.