Market Overview

MidOcean Partners Announces Additions to Private Equity Team


MidOcean Partners ("MidOcean"), a premier middle market private equity
firm focused on consumer and business services, today announced the
following additions to its private equity team:

  • David Kieselstein, current Executive Board member, has been
    appointed Chairman of the MidOcean Executive Board.
  • Steve Miller, who was previously Chairman, will continue as an
    active member of the MidOcean Executive Board.
  • Matt Rubel, an experienced retail and brand CEO and current
    Executive Chairman of MidOcean portfolio company KidKraft, has joined
    MidOcean's Executive Board as Chairman of the Consumer Group.
  • Eric Roth, most recently a Managing Director and Head of the
    Consumer Retail group at Lazard Middle Market, has joined MidOcean as
    a Managing Director. Mr. Roth will assist in identifying investment
    opportunities in the consumer sector and working with existing
    portfolio companies to drive operating performance.

"A core tenet of MidOcean's investment strategy is leveraging the
topflight executive talent and operating experience of our Executive
Board to drive transformative growth in our portfolio companies," said
Ted Virtue, Founder and Chief Executive Officer of MidOcean. "David is
an accomplished executive and longtime partner of MidOcean, having
served previously as CEO of former MidOcean portfolio company Penton.
Steve continues to be an outstanding leader, helping strengthen our firm
and investments. Matt has led many successful global brands, serving as
CEO of Varsity Brands, Collective Brands and Cole Haan, and will provide
valuable guidance to our current and future portfolio companies. We look
forward to working with Matt and continuing to work closely with David
and Steve for the benefit of our investors and portfolio companies as we
continue to build the firm for future success."

MidOcean's Executive Board is comprised of influential senior executives
who have experience running large companies within MidOcean private
equity's target sectors. These leading industry executives, who
previously served as Chairpersons, CEOs and in other senior management
positions with leading companies and government entities, provide
operational expertise and unique insights, including in-depth knowledge
of industry dynamics, competitive landscapes and trends that guide
MidOcean's private equity investment themes and value creation

The addition of Eric Roth, who brings nearly two decades of experience
in the consumer space, demonstrates MidOcean's continued commitment to
building a deep, experienced private equity investment team which is now
comprised of 17 investments professionals and supported by 20 Executive
Board Members and 13 Management Affiliates.

"Eric is a seasoned and highly-respected executive and we welcome him to
MidOcean," said Mr. Virtue. "His expertise in advising consumer retail
companies on M&A, corporate finance, and restructuring transactions will
significantly benefit our existing portfolio companies, and we look
forward to leveraging his deep channel expertise and relationships as we
continue to source and execute deals in this attractive sector."

* * * *

David Kieselstein Bio

David Kieselstein joined MidOcean's Executive Board in January 2018 and
serves as Chairman. Mr. Kieselstein also serves on the board of MidOcean
portfolio company The Planet Group. Most recently, Mr. Kieselstein was
CEO of Penton, a former MidOcean portfolio company and the largest
privately held professional information services company in North
America. After joining the company in early 2012, he was instrumental in
driving the rapid transformation of Penton, by executing on a
three-pronged innovation and growth strategy: focus on the core business
with continuous improvement of core offerings, strategic acquisitions in
high potential industry sectors, and creation of a new product launch

Prior to joining Penton, Mr. Kieselstein served as Chief Executive
Officer, North America of TNS, a division of WPP which provides
high-quality market research insights to Fortune 500 clients in
virtually all industries. Prior to that, Mr. Kieselstein led Dun &
Bradstreet's Small Business Division, the company's largest and fastest
growing division. While at Dun & Bradstreet, Mr. Kieselstein integrated
three distinct operations into a single, customer-centric business unit,
and he launched several new product suites that accelerated overall
performance. Prior to Dun & Bradstreet, Kieselstein served in a range of
key leadership roles at Time Warner, including Chief Executive of the
Parenting Media Group, and President and Chief Executive of the Personal
Finance Media Group, which included creating a partnership with CNN that
resulted in the creation of CNNMoney, one of the world's most successful
personal finance web properties. Earlier in his career, he also held a
number of marketing management positions at FORTUNE Magazine, and
launched Time Inc.'s centralized direct marketing and database division.
Mr. Kieselstein holds an MBA from Northwestern University's Kellogg
Graduate School of Management, where he served on the Alumni Board. He
received his BA in Economics from Binghamton University.

Matt Rubel Bio

Matt Rubel is a renowned retail and brand CEO, having led many
successful global brands and businesses. Most recently, Rubel served as
CEO, President, and Board Member of Varsity Brands, the leader in sport,
spirit and achievement products which he strategically focused and
integrated, while bringing it to record profits and sales. Previously,
Rubel served as Chairman, Chief Executive Officer and President of
Collective Brands, Inc., (NYSE:PSS) which included Payless ShoeSource,
Sperry Topsider, Saucony, Stride Rite and Keds. Prior to Collective
Brands, he was Chairman, Chief Executive Officer and President of Cole
Haan LLC from February 1999 to July 2005, transforming the company into
a global lifestyle brand celebrating American luxury while more than
doubling the business. Before Cole Haan, he served as an Executive Vice
President of J. Crew Group. Early in his career, he served as President
of the Specialty Division of Revlon and Executive Vice President of
Murjani International Ltd., where he was in charge of the Tommy Hilfiger

Mr. Rubel currently serves as Executive Chairman of MidOcean portfolio
company KidKraft, is an Independent Director at Hudson's Bay Company,
Tree house Foods and The Joint Chiropractic, and became a Presidential
Appointee to the House Advisory Council on Trade Policy Negotiation in
2010, a service he continues to fulfill today. Previously, Mr. Rubel
served on the Board of HSNi, the holding company of HSN and Cornerstone
Brands, was an Independent Director at SUPERVALU and a Board Member at
ELF Cosmetics and Furniture Brands. Mr. Rubel holds a Bachelor of
Science degree from Ohio University and an MBA from University of Miami.

Eric Roth Bio

Eric Roth has nearly two decades of experience in the consumer retail
space, most recently as a Managing Director and Head of the Consumer
Retail group at Lazard Middle Market. Prior to joining Lazard Middle
Market, Roth was an Associate in the Mergers and Acquisitions Group of
Dewey Ballantine LLP, a New York based, international law firm. He
received his Juris Doctorate from Georgetown University Law Center and
graduated magna cum laude with a Bachelor of Arts degree in
Economics-Political Science from Columbia University.

About MidOcean Partners

Established in 2003, MidOcean Partners is a premier New York-based
alternative asset manager that specializes in middle market private
equity and alternative credit investments. Since inception, the focus of
the private equity funds has been on high-quality middle market
companies with attractive strategic, operational and financial growth
opportunities in the consumer and business services sectors. MidOcean
Credit Partners was launched in 2009 and manages approximately $7.9
billion across a series of alternative credit strategies, collateralized
loan obligations ("CLOs"), and customized separately managed accounts as
of June 30, 2018. For more information, please visit MidOcean's website (

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