TowerBrook Capital Partners to Team with Experienced Consumer Goods Executive Tom Flocco

Jun 14, 2010, 10:00 ET from TowerBrook Capital Partners L.P.

NEW YORK, June 14 /PRNewswire/ -- TowerBrook Capital Partners L.P. ("TowerBrook"), a New York- and London-based investment firm, today announced that Thomas J. Flocco has been retained by TowerBrook as an advisor to explore investment opportunities in the fast-moving consumer goods space ("FMCG"). Flocco has extensive experience in the FMCG industry, which specializes in selling retail goods with a shorter shelf-life or higher inventory turns, such as pre-packaged and fresh foods, soft drinks and alcohol, and cleaning products. Flocco is the former CEO of Beam Global Spirits & Wine and a former partner at McKinsey & Company.

"Tom brings decades of consumer products experience, from both an analytical and operational point of view, and we are thrilled to partner with him as we expand our investments in the FMCG space," said Andrew Rolfe, Senior Managing Director at TowerBrook.  "Tom has an in-depth understanding of a broad array of consumer segments and routes to market, and he has a track record of adding value through dynamic leadership, sound strategic vision and innovative acquisitions and partnerships."

Mr. Flocco added, "I have worked with TowerBrook for a number of years, most recently as a board member for portfolio company Beverages & More!, and I am delighted about the opportunity to partner with them to identify FMCG opportunities. TowerBrook's team has repeatedly demonstrated their commitment to invest in and build industry-leading businesses through partnerships with talented management teams."  

Mr. Flocco most recently worked at Fortune Brands, where he was the President and CEO of Beam Global Spirits & Wine, a $2.8 billion global distilled spirits business with 4,000 employees. Prior to his time with Fortune Brands, Mr. Flocco was a partner at McKinsey & Company, where he led engagements with both traditional and non-traditional consumer clients across a broad range of issues, including revenue growth, supply chain, and operational challenges, as well as front-end consumer issues. Mr. Flocco previously spent five years at Procter & Gamble in both sales and brand management. He has a B.A. in Chemistry from Boston University and an MBA from Harvard Business School.

About TowerBrook Capital Partners

TowerBrook Capital Partners L.P. is an investment management firm with approximately $5 billion of capital under management.  With offices in New York, London and San Francisco, the firm focuses on making investments in North American and European companies. TowerBrook primarily pursues control-oriented private equity investments in large and middle market companies, partnering with highly capable management teams, often in situations characterized by complexity. For more information, visit www.towerbrook.com.

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