MidOcean Partners Adds Two to Executive Board
April 30, 2019
NEW YORK, April 30, 2019 – MidOcean Partners (“MidOcean”), a premier middle market private equity firm, today announced that Dennis “DJ” Jenson and Dhruv Prasad have joined its Executive Board, effective May 1, 2019.
MidOcean has developed a strong and active Executive Board, comprised of influential senior executives who have experience running large companies within MidOcean’s target sectors. These leading industry executives provide operational expertise and unique insights, including in-depth knowledge of industry dynamics, competitive landscape and trends, that guide MidOcean’s investment themes and value creation strategies.
Mr. Jenson will add to the MidOcean Consumer Team’s expertise in selective, theme-driven investments, including beauty/personal care, sports & fitness and specialty food and beverages. Mr. Prasad will work closely with Barrett Gilmer of MidOcean’s Business Services Team to source, evaluate, and operate investments in experiential, media, entertainment, and related services businesses.
“The addition of DJ and Dhruv not only adds considerable strength to our roster of seasoned operating resources,” commented David Kieselstein, Chairman of MidOcean’s Executive Board, “it also personifies our goal of providing expert operating support for our portfolio companies--particularly with branding, new product development and market positioning—as well as adding firepower to help originate and diligence new investment opportunities.”
Mr. Jenson has 30 years of leadership and brand-building experience in the lifestyle consumer products and is a strong advocate of using business as a force for good. Prior to joining MidOcean, Mr. Jenson served as an operating partner for North Castle Partners, LLC, a private equity fund focusing on healthy, active and sustainable living within the consumer sector.
Mr. Prasad is an experienced creator of successful branded live entertainment properties in music, family entertainment, and lifestyle categories such as the Taste of Country Music Festival, the Insane Inflatable 5K, and the America on Tap craft beer festival series. Prior to joining MidOcean, Mr. Prasad co-founded Townsquare Media, Inc. (NYSE: TSQ), now the third-largest owner of radio stations in the US, in 2010 and served as co CEO from 2017 to 2019. He also was a member of the company’s Board of Directors.
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About MidOcean Partners
MidOcean Partners is a premier New York-based alternative asset manager specializing in middle-market private equity and alternative credit investments. Since its inception in 2003, MidOcean Private Equity has targeted investments in high-quality middle-market companies in the consumer and business services sectors. MidOcean Credit was launched in 2009 and currently manages a series of alternative credit strategies, collateralized loan obligations (CLOs), and customized separately managed accounts.
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