| Ewing Management Group
Announces Fund, More than $ 1 Billion in Capital for
Investment, and Opens New York Office
New York, NY –
The Ewing Management Group (EMG) announced today that
it established operations with more than $ 1 billion
in capital available for investment. Headquartered in
Dallas, Texas, EMG is a private equity firm focused
on acquiring and managing under performing companies
in manufacturing industries. EMG also announced the
formal opening of its New York office and the naming
of its worldwide deal leadership team. Ewing Management
Group was formerly the Carlyle Management Group, an
affiliate of The Carlyle Group.
EMG is backed by a select group of
investors from around the globe invited to participate
in this venture. The management team of EMG has committed
more than 20% of the total capital available for investment.
B. Edward Ewing, the CEO of EMG, is the single largest
individual investor.
Mr. Ewing said: “At EMG, we
believe investment managers make better decisions for
shareholders when they are significant personal investors
alongside outside investors. We believe this alignment
of interest brings a better focus on deal selection
and ensures a strong and continuing dedication to improving
the operating results of portfolio companies.”
EMG brings a unique approach to the
business of value creation – an approach based
on a strong personal financial commitment; a focus on
under performing or troubled companies or divisions
that no longer fit into parent company plans; intense
planning for operational success; partnership with management;
active roles in day-to-day operations; and alignment
of management and employee incentives with shareholder
value creation. Operating previously as Carlyle Management
Group, EMG produced outstanding results with each portfolio
company.
Mr. Ewing added: “EMG acquires
and operates under performing companies anywhere in
the world. With our excellent team, our access to capital,
and our focus on results, we are a reliable and trustworthy
partner in the deal process.”
The New York office of EMG will house
the firm’s core global private equity deal team.
EMG also announced today that Elizabeth Varley Camp,
formerly a Managing Director at Goldman Sachs, will
lead the worldwide deal group. Ms. Camp stated: “After
nearly 20 years in the private equity business, I am
particularly excited to be part of the EMG team and
to lead the global deal effort. We are an entrepreneurial
and nimble organization able to get deals done. Our
New York presence ensures that we are at the center
of deal-making activity.”
The New York office is located at
712 Fifth Avenue. EMG’s Dallas, Headquarters is
currently located at 200 Crescent Court. EMG also plans
to open offices in Shanghai, China and other worldwide
locations in the near future.
Back to
News Page |
