Resilience Capital Partners Adds Chief Operating Officer
CLEVELAND, April 1, 2008 /PRNewswire/ -- Resilience Capital Partners (www.resiliencecapital.com), 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 billion.
Contact Information Resilience Capital Partners 216-292-0200 Resilience Capital Partners Mr. Ziv Sarig (216) 292-0506 email@example.com
SOURCE Resilience Capital Partners
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