Transactions/Investment Specialist Eric Gurry Joins Akoya Capital as Managing Partner

Mar 06, 2008, 00:00 ET from Akoya Capital, LLC

    CHICAGO, March 6 /PRNewswire/ -- Max DeZara, founding partner and CEO
 of Akoya Capital, LLC, has announced that Eric A. Gurry has joined the firm
 as a managing partner. Gurry will lead the Akoya Capital team in
 initiating, structuring, negotiating and closing transactions on behalf of
 the firm's management partners, as well as overseeing portfolio company
 operations and liquidity events.
     Gurry's experience includes investing and trading as a hedge fund
 portfolio manager; M&A transactional work as both principal and advisor;
 P&L and business development responsibility for a business unit; and
 managing during a period of distress at a public company.
     "Eric's 15 years of business experience, including a unique combination
 of investment, operations and transactional expertise," said DeZara, "along
 with a demonstrated record of generating significant returns for investors,
 will add even more depth and rigor to the Akoya model of linking human
 capital with financial capital to generate above-market investor returns."
     Prior to joining Akoya, Gurry was a managing director with Aragorn
 Managers LLC/Aragorn Capital, L.P., a hedge fund he helped found in 2002.
 At Aragorn, Gurry focused on deep value, stressed and distressed corporate
 investment opportunities with compelling risk/reward ratios and mid- to
 long-term time horizons, actively participating in portfolio company
 restructurings and operations where appropriate. Gurry co-managed the fund,
 with direct responsibility for lead generation, investment research,
 technology, investment decisions and ongoing monitoring of investments. In
 addition, Gurry was chief compliance officer when Aragorn became an
 SEC-registered investment advisor in 2006.
     Before moving into fund management, Gurry was senior vice president for
 business development and internet operations for RBC Mortgage, formerly
 known as Prism Financial Corp., then the largest pure retail residential
 mortgage originator in the country. There he was instrumental in
 dramatically expanding its internet customer base, growing Prism's core
 business by 25 percent via acquisitions and eventually selling the company
 to Royal Bank of Canada. Prior to that, Gurry was an associate with
 Kirkland & Ellis, specializing in private equity transactions. In addition,
 he has been a consultant to numerous companies ranging from local retailers
 to Fortune 500 corporations on subjects including operations, technology,
 finance and strategy.
     "This leadership role with Akoya," said Gurry, "provides an ideal
 platform for me to apply numerous elements of my career experience. I'm
 excited to be working on behalf of the firm's outstanding management
 partners to deliver on the promise of Akoya's CEO-led private equity
     Gurry has an MBA in finance, accounting and entrepreneurship and a JD
 with high honors (Order of the Coif) from the University of Chicago, as
 well as a BA magna cum laude in American history from the University of
 Pennsylvania. He is a member of the Turnaround Management Association and
 is licensed to practice law in the State of Illinois.
     About Akoya Capital, LLC
     Akoya Capital is a merchant bank partnering with industry-leading CEOs,
 experienced management teams and co-investors to investigate, develop and
 execute acquisition-based strategies that deliver significant value for
 management partners and shareholders. Steeped in the belief that proven
 leadership is the key to value creation and above-market returns, Akoya's
 team works closely with its management partners -- CEOs with best-of-class
 attributes -- to build and validate executable investment theses; identify
 acquisition candidates; source the capital to execute the acquisition;
 oversee the portfolio company as it executes on its growth plan; and, in
 appropriate situations, position for an eventual liquidity event.
     Akoya Capital, LLC is headquartered in Chicago.

SOURCE Akoya Capital, LLC