New York-based private equity firm Castle Harlan has promoted Tariq Osman to managing director following a decade at the firm and its Australian affiliate.
Osman, pictured, has spent the last five years at the New York office, most recently working on deals in the energy services and equipment sector.
In the preceding five years he worked at CHAMP Private Equity focusing on a range of industries, and was previously employed at McKinsey & Co in Sydney.
Last month Castle Harlan made a 3.3 times gross return on the sale of DIY car air conditioner recharge company IDQ Acquisition to fellow private equity firm Kinderhook Industries.
The firm made the investment out of its fifth buyout fund, which it closed on about $1bn in 2010.
Castle Harlan concentrates on making control investments in mid-market companies across Europe and the US.
The firm was founded in 1987 but traces its origins back to the start of the institutionalised private equity business in the 1960s, when John Castle was in charge of private equity activities at Donaldson Lufkin & Jenrette.
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