NEW YORK & CHICAGO--(EON: Enhanced Online News)--Nova Capital Management, the specialist acquirer of corporate and private equity portfolios, is pleased to announce that Richard Lobo has joined their North American team as an Investment Partner. Nova opened its North American headquarters in Chicago in January this year. This appointment follows Nova's recent announcement of its acquisition of five home improvement and hardware brands from Newell Rubbermaid in the United States.
“Rich is a great addition to Nova and his decision to join our team represents a significant step forward in our plans to build a strong presence in the North American market.”
Rich has spent the last 20 years with CHS Capital LLC, a well-respected Chicago-based private equity firm investing in mid-market companies in the US. As a Partner and member of CHS’ Investment Committee, Rich has been directly involved in dozens of transactions and brings a wealth of private equity experience to the Nova team.
David Williamson, Nova’s Managing Partner, commented: "The North American market for Nova remains strong for our unique tailor made portfolio approach for corporate and private sellers. Adding Rich to our North American team will enable us to further serve this exciting and growing market. Rich brings significant skills and experience and will help support our pipeline of new opportunities as well as the development of our existing portfolio companies under current ownership. We will continue to add resources in Chicago in order to support our growth strategy in North America."
Jan Kreminski, one of Nova’s Operating Partners in North America, commented: "Rich is a great addition to Nova and his decision to join our team represents a significant step forward in our plans to build a strong presence in the North American market."
Rich Lobo added: "I’m excited to be a part of Nova’s expanding presence here in the United States and look forward to working with Jan, David and the rest of the team to continue Nova’s rapid growth. Nova’s strategy of acquiring portfolios of assets in a single transaction is both highly differentiated and is becoming increasingly attractive to both corporate and private equity sellers.”
About Nova Capital Management Ltd
Established in 2002, Nova is a specialist acquirer of corporate and private equity portfolios, and currently manages a diverse group of portfolios representing a transactional value of some $1.8 billion. With a 20+ strong team of financiers and business executives, Nova currently manages investments in 29 businesses primarily operating in North America, Europe and Asia, across a broad range of sectors. For additional information on Nova Capital Management please go to www.nova-cap.com.