MidMark Capital - Venture capital firm
MidMark Capital
Founded in 1989, MidMark Capital is a private equity fund manager based in Morristown, New Jersey MidMark Capital is a private equity fund manager which raised, invested and harvested three funds: · MidMark Capital, L P in 1994; · MidMark Capital II, L P in 2000; and · MidMark Investors, L P in 2010
Since inception, we invested in more than 40 platform companies with aggregate revenues of more than $2 billion and operations on four continents After a successful run of over 25 years, we have sold the last of our portfolio companies In the first quarter of 2020, we made the final distribution from our last fund and wrapped up operations
Based on experience investing in over 30 of our portfolio companies over the last 20 years, the younger generation of MidMark partners has embarked on a new venture for the next 20 years: Finlay Parker Holdings, LLC Details of their new venture can be found here
The older generation of MidMark partners has retired from institutional investing but continues to make personal investments, sit on boards of directors, and contribute to their communities They hope to continue hearing from you
Limited partners seeking financial information and other reporting, please click on the Partner link above
Business owners, investment bankers and intermediaries with equity investment opportunities, please direct your inquiries to Finlay Parker Holdings, LLC
Thank you for your support
It is with profound sadness that we announce the passing of our partner Wayne Clevenger March 20, 2020 after a courageous battle with lung cancer
Together with Denis Newman and Joe Robinson, Wayne founded MidMark in 1989 Wayne lent his considerable business acumen to portfolio company management all the way through the sale of our last company in 2017 His wit and wisdom brought dynamism to all of our business meetings Management, bankers, lenders and lawyers were never so happy as when they knew that Wayne would join the group His encyclopedic knowledge of movies and books were always appreciated in the banter before we truly got to business, as were his always sagacious, sometimes irreverent insights into human nature We are devastated to have lost him
An obituary of Wayne’s extraordinary life can be found here In lieu of flowers, the family requests that donations be sent to Cleveland Foundation, c/o Cuyahoga Heights High School Scholarship Fund
Mr Newman provides the team with broad experience in investment banking, venture capital, and international finance He has been successfully involved in over two hundred public offerings and direct placements, including fifty international financings, thirty mergers and acquisitions aggregating over $3 billion, and twenty-eight venture capital investments He was instrumental in management buyouts aggregating approximately $1 5 billion, which produced returns in excess of 100% per year He worked thirty-three years with First Boston Corporation, (now Credit Suisse First Boston Corporation) twenty-one of which he served as a Managing Director
Prior to founding MidMark, Mr Newman was President of The Dunmore Group, Inc , a merchant banking firm
At First Boston, Mr Newman founded, built and managed the Investment Group from 1981-1986 which, together with the LBO Group, was responsible for all of the non-real estate proprietary investments made by the firm and its limited partnerships He was a founding and continuous member of The First Boston Investment Committee Previously, he headed the International Group which, along with Credit Suisse First Boston, Ltd , had responsibility for all international corporate finance activities He also worked as a Financial Officer with the International Bank for Reconstruction & Development (the World Bank)
Mr Newman has served as a director of twenty-seven companies, including six publicly-owned corporations Mr Newman graduated from Yale University (B A , 1952) and Harvard Business School (M B A , 1954) He resides with his wife Mary in Short Hills, NJ
Mr Robinson enhances the MidMark team with fifteen years of P&L responsibility in executive management positions with subsidiaries of Vendex International, SHV Holdings, and International Basic Economy Corporation (IBEC) Much of his management experience was gained in Latin America, where he operated successfully under extreme conditions of inflation and economic instability His experience includes successful involvement in six turnarounds, six acquisitions, four divestments, two buyouts, and two venture investments Prior to founding MidMark, Mr Robinson was Vice President of Lexington Investment Company where he was involved with a broad range of buyouts and venture capital investments
Mr Robinson was President, Chief Executive Officer and Director of Vendex International's Brazilian retail and consumer finance subsidiaries with revenues of $400 million and 6,700 employees Earlier he worked as Chief Operating Officer and Director of SHV Holdings' Brazilian retail subsidiary He started his career with IBEC as a Financial Analyst in New York and later became Assistant General Manager and Director of IBEC's supermarket subsidiary in Argentina
Mr Robinson has served as a director of over twenty companies and is presently on the Board of several of MidMark's portfolio companies, as well as a Trustee to three non-profit boards Mr Robinson studied history at Cornell University (B A , 1964) and finance at the Wharton Graduate School of Finance (1967) He resides with his wife Marite in Summit, NJ, has three children and speaks fluent Portuguese and Spanish
Mr Finlay joined MidMark in 1997 Mr Finlay brings with him experience from more than $1 billion of completed transactions as investment banker and principal Previously, he was with the New York merchant banking firm Juno Partners, and its investment banking affiliate, Mille Capital He also spent several years with the Connecticut investment banking firm Southport Partners, where he closed numerous mergers and acquisition transactions for prominent clients such as IBM
Mr Finlay served as a director of several of MidMark's portfolio companies as well as a manufacturer of test & measurement equipment and a marketer of women's hygiene products Since 2005, he has been affiliated with the Mayo Performing Arts Center, variously serving as Trustee, Treasurer and Co-Chair of two capital campaigns which raised in excess of $10 million Mr Finlay is a founding member and sits on the board of the Association for Corporate Growth’s New Jersey Chapter, and was previously a member of the New Jersey Chamber of Commerce Tax Council Mr Finlay graduated from Yale University (1990) with a B A in Philosophy, and received his M B A from Columbia Business School (1995) Mr Finlay resides with his wife Teresa and three children in Far Hills, NJ
Mr Parker joined MidMark in 2000 Mr Parker was previously at Regent Capital Partners, L P , a private investment firm based in New York, where for three years he helped the firm invest in 14 businesses in transactions valued at $350 million Prior to Regent Capital, Mr Parker worked in sales and marketing for five years, most recently in Hong Kong for Thomson Financial Services, a leading international provider of financial information, and earlier for the Truesdell Company, a manufacturers' representative of process control instrumentation and fluid power components
Mr Parker served as a director of many of MidMark's portfolio companies, including those in the healthcare services, business services and niche manufacturing sectors Mr Parker graduated from Yale University (1991) with a B A in Electrical Engineering and Economics and received an M B A from Columbia Business School (1998) He resides with his wife Dyanna and three children in Westfield, NJ
SPD Technologies was formed in 1987 through a management buyout co-led by Mr Colangelo Again, in 1996 Mr Colangelo led the management buyout of SPD Technologies, for which MidMark Capital provided the equity Mr Colangelo, through five acquisitions and an aggressive diversification program, strategically positioned SPD Technologies as the dominant player in its primary markets and negotiated the successful merger with L-3 Communications, Inc During his twenty years with SPD Technologies and its predecessor companies, Mr Colangelo served in a variety of executive positions in the areas of manufacturing, materials management, engineering and finance Earlier in his career, Mr Colangelo held executive positions with RCA and Rockwell International
Mr Colangelo has served as a director of numerous companies, including SPD Technologies and several of MidMark's portfolio companies In 1999, Mr Colangelo was the recipient in Greater Philadelphia and a national finalist of the Entrepreneur of the Year Award in Manufacturing Mr Colangelo graduated from Rowan University (B A , 1975) and Xavier University (M B A , 1976) Mrs Werner joined MidMark in 1994 and is responsible for all treasury activities including management and preparation of audited and quarterly reports, investment documentation and coordination, and management of idle funds investments Prior to joining MidMark, she was Treasurer of MBW Management, Inc and Controller of MBW Venture Partners Limited Partnership and the Michigan Investment Fund, L P She also served as Treasurer of Doan Associates and Doan Resources Corporation and has served as a consultant to a number of Small Business Investment Companies She is married and has four children
177 Madison Avenue, Morristown, New Jersey 07960, United States
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