Press release, February 28, 2007
BERKSHIRE PARTNERS ANNOUNCES HIRE OF MATTHEW A. JANCHAR, DIRECTOR OF CAPITAL MARKETS
Boston, MA - February 28, 2007 - Berkshire Partners LLC ("Berkshire"), a Boston-based private equity firm, announced today that Matthew A. Janchar will join the firm on March 1, 2007 as Director of Capital Markets with the primary responsibility of leading Berkshire's financing activities. He joins the 41 current members of Berkshire's investment staff.
Mr. Janchar has over 13 years of experience in leveraged finance through his work at both Oak Hill Advisors and Goldman, Sachs & Co. As a Managing Director at Oak Hill Advisors, Mr. Janchar managed a variety of debt, equity and structured finance positions across multiple industry sectors. Earlier, Mr. Janchar worked in Goldman, Sachs & Co.'s Leveraged Finance Group, specializing in leveraged transactions for both privately-held and publicly-traded issuers. He received his Bachelor of Business Administration in Finance from the University of Notre Dame.
"Bringing Matt's financing expertise in-house will allow our deal teams to more effectively pursue, assess and consummate transactions," stated Chris Hadley, Managing Director at Berkshire Partners. "We believe Matt will create significant value for Berkshire and allow us to further strengthen our investment process."
Berkshire's investment staff is comprised of 41 people with a broad range of backgrounds and experiences, including consulting, investment banking, commercial finance, and operations. The original team, which came together in the early 1980s, has expanded significantly as the Firm's capital base and investment scope have grown.
About Berkshire Partners
Berkshire Partners has invested in mid-sized private companies for the past twenty years through six investment funds with aggregate capital commitments of approximately $6.5 billion. The firm's investment strategy is to seek companies that have strong growth prospects and to partner with talented management teams who are interested in being owners of the companies they operate. Berkshire has developed specific industry experience in several areas including consumer products, industrial manufacturing, transportation, communications, business services, and retailing and related services. Berkshire has been an investor in 90 operating companies with more than $19.0 billion of acquisition value and combined revenues in excess of $21 billion. Additional information may be found at www.berkshirepartners.com.