NEW YORK–(BUSINESS WIRE).
As Associate/Director of Operations, Rashaad Clavon will be exclusively embedded in portfolio companies – typically for periods of six to eighteen months – working with management teams on a daily basis and contributing to growth and reinvestment programs through the use of highly detailed reporting processes and world class back office systems. Before joining Ronin, Clavon was Strategy Manager in the Supply Chain Finance team at Campbell’s Soup in the snacks division. There he played a key role in process improvements, margin improvements and financial transparency initiatives. Clavon earned his BS in Accounting from Clemson University and is a Chartered Accountant with 11 years of industry experience. He has also held finance positions at packaging group Novolex and Fresenius Medical Care.
As an Associate, Patrick Merrick will play a key role in evaluating and executing transactions. Like all Ronin executives, he will regularly transition to senior operational roles at portfolio companies. Previously, Merrick worked at private equity firm Riveria Investment Group, where he was instrumental in the successful due diligence of potential investments and reviewing portfolio company entries. Merrick earned his BS in Finance and Economics from New York University’s Leonard N. Stern School of Business. He has also worked as an investment banker at Credit Agricole and Standard Chartered Bank.
As Senior Financial Analyst, Davis Hein will be responsible for financial analysis and performance monitoring, helping to drive operational efficiencies and financial performance across all of Ronin’s portfolio companies. He will also latch onto portfolio company roles as needed. Hein was previously a financial and operations analyst at Greystar, which manages and operates approximately $230 billion in real estate across 215 global markets. Hein earned a BS in Business Administration & Management, Finance & Marketing from the University of Memphis. He began his career at Greystar five years ago.
Ronin’s ongoing recruitment program includes three more hires planned for later this year (the hiring of associate Elliott Rogasik last October – formerly of BlackRock – kicked off the expansion program). “Our long-term talent expansion has one purpose – to maximize the effectiveness of the tools we have long relied on to create investment value,” said Managing Partner David Feierstein. “We build on a recipe for success.”
These tools include multiple, proprietary, plug-and-play IT-based systems that streamline back-office functions, bring clarity to portfolio company operations, and free time and capital so managers can do what they do best ( focus on developing and accelerating commercial growth); a 75-person C-Suite Operating Advisor network of unrivaled size and breadth that sources transactions and advises on strategy and tactics, and often forms the majority of portfolio company boards; and systematic operational rotations of Ronin employees, typically for periods of six to eighteen months, in portfolio companies. Embedded Ronin executives focus on finance, human resources, IT, legal, communications, procurement and sales, helping to create realistic and highly effective roadmaps for revenue, profit and margin growth. Currently, seven Ronin executives are embedded in three of the company’s platform companies.
“Ronin’s innovative and disciplined use of resources – human and otherwise – allows him to punch well above his weight,” said Matt Swain, Global CEO of private equity advisor Triago. “No team of this size in private investing can match Ronin’s pace of dealmaking and successful business transformation.” Triago acted as sole placement agent on all of Ronin’s platform investments.
Since Q1 2021, when the Company began raising capital, Ronin and its investors have committed or set aside more than $350 million for follow-up investments in the portfolio. The capital was invested in five platform investments involving a total of 20 companies. Since inception – less than two years in all cases – annualized earnings before interest, taxes, depreciation and amortization at Ronin’s platform companies have increased 36 percent to $104 million. Ronin expects to announce its fifth platform investment later this fall, which will involve the simultaneous merger of six companies. “Simultaneous, efficient mergers of multiple companies in fragmented consumer and industrial sectors are a Ronin specialty,” notes Swain. “Their deals are designed to create value for investors from day one.”
About Ronin Equity Partners
Based in New York City, Ronin Equity Partners represents a new breed of investment firm driven by an operations-driven value-added strategy. Ronin makes control capital investments exclusively in the industrial and consumer sectors where the team has prior experience. The group buys strong businesses with proven strong cash flows where Ronin’s operational playbook adds value. The Ronin team embeds itself in each company as interim leaders to build a robust back office infrastructure capable of scaling the business for growth and seamlessly integrating acquisitions. This partnership allows management to focus on growing the business without being burdened with back-office operations. The company was founded in 2019 by managing partners David Feierstein and Jesse Yao along with other former executives from Kraft Heinz, NCR and Diversey. The company is supported by approximately 75 business consultants in the consumer and industrial sectors. www.roninequitypartners.com