PRESS

High Road Capital Partners... among the best of the next generation of alternative asset managers... —Buyouts Magazine, August 16, 2010
  • High Road Capital Partners names Richard Prestegaard Director Of Busniess Development

  • NEW YORK, June 12, 2007 – Smaller-middle-market buyout firm High Road Capital Partners has hired Richard Prestegaard as Director of Business Development. Prestegaard will concentrate on building relationships with business intermediaries while sourcing leveraged buyout opportunities in High Road’s targeted area of niche market leaders with revenues of $10 million to $100 million and EBITDA of $2 million to $10 million. Previously, Prestegaard spent nearly 10 years generating investment banking client relationships and transactions while at Barclays Capital, Citigroup and Advest.

    “The smaller end of the middle market presents a tremendous amount of opportunity,” said Robert Fitzsimmons, Managing Partner. “We believe that Rich’s focused attention and systematic approach will enable us to find the most attractive deals and maximize the firm’s success. We are very pleased to have him on board.”

    Fitzsimmons, along with partners William Connell and Jeffrey Goodrich, are industry veterans who launched High Road Capital Partners in January 2007. Collectively, they have over 40 years of experience and have completed over $1.5 billion of smaller-middle-market LBO transactions.

    Fitzsimmons added, “The High Road philosophy is to buy good companies, and develop and implement strategies to take them to the next level in partnership with strong, existing management teams. As we grow our companies, it is important to do so in a manner that is professional and fair, and creates value for everyone.”

    In spite of recent media focus on megafunds and megadeals, smaller-middle-market buyout funds historically have generated higher returns than larger buyout funds. According to Thomson Financial’s US Private Equity Performance Index, small buyout funds were the top performers for the 20 years through September 30, 2006, with an annual IRR of 25.2%. There are over 130,000 US companies with revenues between $10 million and $100 million, and it is estimated that over 3,000 transactions a year are completed by companies in that size range.

    For additional information about High Road, please contact Bob Fitzsimmons at (212) 786-7612 or rfitzsimmons@highroadcap.com and visit www.highroadcap.com.