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GREENWICH, CT January 8, 2008 — Littlejohn & Co., LLC, a private investment firm that applies an operational approach to building middle-market companies, today announced the appointment of Steven Raich as a Managing Director.
“We continually seek to strengthen our management team and build for the future so we are very pleased to recognize Steve’s many accomplishments with his promotion to managing director,” said Angus C. Littlejohn, Jr., Chairman and CEO of Littlejohn & Co. “Since he joined the firm he has been involved in all aspects of our business from sourcing transactions to helping to transform those companies into stronger competitors and we are enthusiastic about his ability to help us continue to grow our firm.”
Mr. Raich joined Littlejohn in 2000 from Golub Capital and was named a Principal of the firm in 2006. Since that time he has been involved in a number of the firm’s transactions, including Durakon, Kenan Advantage, PSC, Wyle, and Universal Lighting Technologies.
Previously, Mr. Raich was at Ernst & Young LLP in the mergers and acquisitions advisory services group where he practiced as a CPA. Mr. Raich received an M.B.A. with distinction from the Stern School of Business at N.Y.U. and a B.A. cum laude from Duke University.
About Littlejohn & Co., LLC
Founded in 1996, Littlejohn & Co., LLC is a Greenwich, Connecticut-based control-oriented private equity firm seeking investment opportunities in the middle-market sector that are undergoing a fundamental change in capital structure, strategy, operations or growth that can benefit from its operational and strategic approach. The firm’s professionals manage three funds with committed capital of approximately $1.6 billion. The firm is currently investing from Littlejohn Fund III, L.P. which has $850 million in capital commitments. For more information, visit www.littlejohnllc.com, or Littlejohn can be reached at 203-552-3500.