NEW YORK – September 7, 2004 – Douglas Londal, formerly a Managing Director in the Principal Investment Area of Goldman Sachs & Co., is joining the executive staff of New Mountain Capital, LLC (“New Mountain”), one of the nation’s leading private equity firms, as a Managing Director.
Mr. Londal has been with Goldman Sachs for thirteen years, the last nine of which were with the Principal Investment Area originating, evaluating, structuring and monitoring private equity and mezzanine investments on behalf of GS Capital Partners 2000, L.P. ($5.25 billion fund) and GS Mezzanine Partners III, L.P. ($2.7 billion fund). Among other positions, Mr. Londal has served as co-head of the Merchant Banking investing effort in the Americas, and has been directly involved in investing over $1.5 billion in private equity and mezzanine in transactions valued at over $8 billion. Prior to his resignation from Goldman Sachs, Mr. Londal served as the Chairman of Village Voice Media and as a member of the board of directors of Berry Plastics Corporation, NextMedia Group, Ruth’s Chris Steakhouse, Inc., MBM Corporation and 21 st Century Newspapers, Inc. Mr. Londal is also a former director of Orion Power Holdings, Mack Printing Group and Medical Arts Press.
“Many of us at New Mountain have known and respected Doug’s work for years,” said Steve Klinsky, CEO of New Mountain. “Doug is one of Wall Street’s strongest young investors and we could not be more proud to have him join our team.”
“New Mountain has rapidly emerged as a ‘best-in-class’ leader in the new generation of private equity,” said Mr. Londal. “I have had a long and enjoyable career at Goldman Sachs and leave behind many great friends. I now look forward to helping New Mountain continue its exceptional success and to building the firm for the years ahead.”
About New Mountain Capital
New Mountain Capital, LLC is a private equity firm seeking long-term capital appreciation through direct investment in growth equity transactions, leveraged acquisitions and management buyouts. New Mountain Partners, L.P. is a private equity fund sponsored by New Mountain Capital. New Mountain’s primary strategy is to seek out the highest quality growth leaders in carefully selected industry sectors, and then to work intensively with management to build the value of these companies. New Mountain’s website is www.newmountaincapital.com
About Douglas Londal
Douglas Londal joined the Merger Department of Goldman Sachs in 1991. He transferred to the Principal Investment Area as a Vice President in 1995 and was promoted to Managing Director in 1999. Mr. Londal received a B.A. in Economics from the University of Michigan and an M.B.A. from the University of Chicago Graduate School Of Business. He is currently a founding member of the New Leaders Group for the Institute for International Education (administrator of the Fulbright Scholarship Program), a member of the board of directors of The Community Fund of Bronxville and a member of the Gotham Chapter of the Young Presidents’ Organization.