Resilience Capital Partners Adds Chief Operating Officer

Apr 01, 2008, 01:00 ET from Resilience Capital Partners

    CLEVELAND, April 1, 2008 /PRNewswire/ -- Resilience Capital Partners
 (, a Cleveland-based private equity firm, is
 pleased to announce that Ziv Sarig has joined as Chief Operating Officer.
     Ziv was most recently the CFO of TOA Technologies, an international
 leader in customer appointment and mobile workforce management. During his
 tenure with the company, revenues increased three times and contracts were
 executed with leading cable and telecommunication customers in North
 America and Europe. Mr. Sarig spearheaded the successful venture capital
 and debt financing of the company in 2007. Prior to TOA, Mr. Sarig was CFO
 of the Parkwood Corporation (Mandel family office), and was a member of the
 team planning, designing, and overseeing the multi-billion dollar portfolio
 (Private Equity, Real Estate, Hedged Equity, Long Only Equity, Absolute
 Return and Fixed Income) management and investment process. Mr. Sarig was a
 board member of IEL, a Private Equity fund (established by Parkwood in
 2003) based in Tel Aviv, Israel.
     "We are privileged to have Ziv join our firm. Ziv's broad investment
 (including Alternative Investments), financial, operational and
 entrepreneurial (Hi Tech) experience will have a profound impact on our
 future growth and the eventual success of our investments," said Bassem
 Mansour and Steve Rosen, Managing Partners of Resilience Capital Partners.
     "I am excited to join the Resilience Capital Partners team. They have
 built a great firm and I look forward to providing meaningful contributions
 to the success and continued expansion of the firm," said Ziv Sarig.
     About Resilience Capital Partners
     Resilience Capital Partners is a private equity firm based in
 Cleveland, Ohio focused on investing in underperforming and turnaround
 situations. Resilience's investment strategy is to acquire lower middle
 market companies that have solid fundamental business prospects, but have
 suffered from a cyclical industry downturn, are under-capitalized, or have
 less than adequate management resources. Resilience typically acquires
 companies with revenues of $25 million to $250 million. Since its inception
 in 2001, Resilience has acquired 16 companies with revenues in excess of $1
Contact Information Resilience Capital Partners 216-292-0200 Resilience Capital Partners Mr. Ziv Sarig (216) 292-0506

SOURCE Resilience Capital Partners