NEW YORK, July 20, 2011 /PRNewswire/ -- Castle Harlan, Inc., the New York private equity investment firm, announced that it has promoted Anand T. Philip to Managing Director and that Joyce M. Demonteverde has joined the firm as Vice President. Ms. Demonteverde had previously been with Castle Harlan, Inc. prior to going to the Harvard Business School.
The firm said Philip's promotion and Demonteverde's return will strengthen Castle Harlan's capabilities in identifying and aggressively pursuing new investment opportunities and will enhance the firm's work with existing portfolio companies.
John K. Castle, Chairman and Chief Executive of the firm, said, "Anand Philip is an extraordinarily talented and hard-working professional. He has earned the respect of his colleagues and our limited partners and is a tremendous asset to our team."
Philip has been with Castle Harlan since 2006 and was previously a Vice President. Before joining Castle Harlan, he was an investment professional at the Blackstone Group, where he focused on private equity transactions across a wide range of industries for Blackstone Capital Partners, as well as Blackstone Communication Partners. Prior to that, he worked at Wasserstein & Co., where he focused on principal investing for U.S. Equity Partners. He has served on the Board of Directors of numerous private and public companies.
Philip received a B.A. in Economics from Ohio Wesleyan University, where he was a Trustee Scholar and graduated Magna Cum Laude. He holds an M.B.A. from the Harvard Business School and is a member of the Board of Trustees of Ohio Wesleyan University.
Demonteverde returned to Castle Harlan from J.H. Whitney & Co. She had previously worked at Castle Harlan as an Associate from 2005 to 2008.
"Joyce Demonteverde's return to the firm adds considerable depth and relevant expertise to our team as we continue to aggressively seek new investments," Castle said.
At J.H. Whitney & Co., Demonteverde focused on investments across a number of industries, including consumer, specialty manufacturing, healthcare and business services. She also has worked in the Healthcare Investment Banking Group of Goldman, Sachs & Co., where she focused on merger advisory and debt and equity financing transactions for global healthcare clients. Demonteverde is currently a board member of Baker & Taylor. She graduated Cum Laude from Harvard University with a B.A. in Economics, and earned her M.B.A. from the Harvard Business School.
About Castle Harlan
Castle Harlan, founded in 1987, invests in controlling interests in the buyout and development of middle-market companies in North America and Europe. Its team of 19 investment professionals has completed over 50 acquisitions since its inception with a total value in excess of $10 billion. Castle Harlan currently manages investment funds with equity commitments of approximately $3.5 billion. The firm traces its roots to the start of the institutionalized private-equity business in the late 1960s.
Castle Harlan's current portfolio of companies, which employ more than 36,000 people, includes IDQ Holdings, Inc., the industry leader in Do-it-Yourself, branded products for servicing and repairing automotive air conditioners; Pretium Packaging LLC, one of the country's leading manufacturers of custom-designed specialty plastic containers for the food, pharmaceutical, personal-care and household markets; and Baker & Taylor, the world's largest distributor of books and entertainment products to libraries and retailers.
For more information, visit www.castleharlan.com.
SOURCE Castle Harlan, Inc.