Tuesday, July 31, 2012

Bigwig to the gate: Top Kohlberg exec bails




There’s one less barbarian at the gate.  A top partner at Kohlberg & Co. is quitting the fray as the private-equity firm — which once shunned big buyouts in favor of smaller deals — looks to become a more aggressive player, The NY Post has learned.

Christopher Lacovara, one of two managing partners at the firm — founded by PE pioneer Jerome Kohlberg — gave up day-to-day duties last month after previously stepping down as co-head of the Mount Kisco, NY, firm.

His departure leaves Sam Frieder as the sole managing partner. Kohlberg’s son James is on the firm’s investment committee but isn’t involved in daily management.

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