Augusta Columbia Capital, the technology-focused mid-market private equity firm founded by former Blackstone dealmaker Chip Schorr, has hired Jeff Clarke as a managing partner in its San Francisco office.
Over the past 25 years, Clarke has served in senior leadership positions at global technology companies such as Travelport. He also held executive positions at Hewlett-Packard and Compaq, where he played a key role in integrating the operations, financials and cultures of the two companies following their $19bn merger.
Clarke currently is chairman of the board of Travelport and Orbitz Worldwide, as well as serving as an independent board member of Red Hat.
Schorr said, “We are thrilled to welcome Jeff to Augusta Columbia. He has broad executive experience and a proven track record operating blue-chip technology companies and achieving extraordinary results. His extensive M&A experience and expertise integrating technology acquisitions is aligned with the active value-creation approach we practice.
“We believe that our management teams will benefit from his extraordinary experience driving high performance organisations. With Jeff’s addition, we have an outstanding team of seasoned professionals with a valuable blend of operational and investment experience in technology. ”
The appointment follows that of former CVC executive Michael Stephenson, who joined the firm as a managing director in November last year, and TPG Growth technology head David ibnAle, who joined as a managing partner the previous month.
Schorr is currently in the process of inviting select investors to commit to an exclusive $750m investment vehicle. General partners in Augusta Columbia Capital will commit ten per cent to the new fund, which aims to invest between $30m and $150m in companies involved in IT, healthcare information technology, internet infrastructure, web hosting, software and semiconductors. Blackstone will also contribute.
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