US private equity veteran Harold Rosser has launched a new venture a week after departing Bruckmann Rosser Sherril & Co, the New York firm he co-founded in 1995.
The newly-launched Rosser Capital Partners is to focus primarily on mid-market restaurant investments, as well as consumer and multi-unit retail companies.
“While it was a difficult decision to make, I am very excited about this new path I have chosen. RCP is perhaps the only private equity firm with a specific emphasis on the restaurant sector and my goal is to leverage our industry experience and previous successes to build strong companies,” said Rosser.
Joining him from his former firm are BRS managing director Jacob Organek, who is to assume the role of partner, and Luke Rosser, RCP’s new vice president.
Rosser began his career at Citibank, where he spent 12 years in various management and corporate finance positions, before taking on an investment role at CVC in 1987. He left the firm in 1995 to co-found BRS with Bruce Bruckmann and Stephen Sherrill, growing the firm’s assets under management to $1.4bn by the time of his departure.
“We are disappointed that Hal is leaving BRS, but we respect his decision,” said Bruckmann.
His former firm recently sold the assets of nutritional and homeopathic products manufacturer Seroyal Holdings to Atrium Innovations.
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