Daily News: June 28, 2012

Insight Equity Adds Four as Associates


Insight Equity Holdings announced the addition of four new team members. Neal Jain, Garrett Greer, Luke Bateman and Fraser Desmond have joined the team as associates.

Prior to joining Insight Equity, Jain was an analyst in the investment banking division at Lazard Freres & Co., a financial advisory and asset management firm. While at Lazard, he advised clients in the upstream, midstream, oilfield services and transportation sectors on mergers, acquisitions and capital structure and worked closely with company management teams. Jain graduated Magna Cum Laude from Rice University with a BA in Mathematical Economic Analysis and Statistics.

Greer joined the Insight Equity team from American Capital where he focused on executing middle-market private equity and private debt transactions across a variety of industries. He also provided support in managing American Capital’s portfolio companies, regularly interacting with senior management teams. Prior to American Capital, Greer worked as a Financial Analyst in the Investment Banking division of Imperial Capital. He graduated from the University of Texas at Austin with a BBA in Accounting and a Masters in Professional Accounting.

Prior to joining Insight Equity, Bateman was an associate with Lone Star Investment Advisors. While at Lone Star, he executed middle-market private equity transactions across a variety of industries. Bateman was also responsible for monitoring two of Lone Star’s portfolio companies in the oilfield services and distribution industries. Prior to joining Lone Star, he was employed as a financial analyst with Cogent Partners, a Dallas-based investment bank focused on the private equity secondary market. He graduated from Harvard University with an AB in Philosophy and a secondary concentration in Government.

Desmond joined the Insight Equity team from Macquarie Capital, where he was a member of the Restructuring and Special Situations Group. His prior transaction experience includes in- and out-of-court restructurings, refinancings and debt-for-equity exchanges, as well as distressed asset sales across the media, bank, insurance, and transportation industries. Desmond graduated cum laude from the University of Notre Dame with a BBA in Finance and a second major in Mathematics.

“We are delighted that Neal, Garrett, Luke and Fraser have elected to join Insight Equity,” commented Ted Beneski, CEO and managing partner. “We are looking forward to working with them and believe their strong capabilities will contribute to the success of Insight Equity and our portfolio company investments. In addition to our new hires, Insight Equity intends to continue growing our team to meet the increasing opportunity set we are seeing.”

Insight Equity makes controlling investments in strategically viable, middle-market, asset intensive companies across a wide range of industries.