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MidOcean Partners makes two senior hires to bolster IR, business services vertical

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Consumer and business services-focused private equity house MidOcean Partners  has hired Jim Henderson from Stone Point Capital as managing director in its investor relations team and Marshall Phelps from Lazard as managing director and partner in its business services vertical.

Henderson was previously managing director and co-head of marketing and IR at Stone Point Capital. He spent 13 years as head of marketing and IR at hedge fund manager Chilton Investment before that.

Phelps had been managing director and a senior member of the telecommunications, media and entertainment group at Lazard where he was leading advisor to clients, with particular expertise advising global digital media, tech-enabled services and entertainment companies.

He was recognized as a “40 Under 40 Dealmaker” by The M&A Advisor in 2016 when he was practising law in the private equity Group of O’Melveny & Myers.

He will provide strategic advice to public and private companies, private equity funds and entrepreneurs in connection with M&A and corporate finance transactions at MidOcean.

Ted Virtue, CEO at MidOcean, said, “As we continue to strengthen our team with best-in-class executives, Jim and Marshall are the latest examples of highly experienced investment industry professionals who we’ve had the pleasure of welcoming to MidOcean.

“Jim and Marshall have established themselves as proven leaders in their respective areas of focus over the course of their careers, and I’m thrilled to have them as part of the team following a number of other strategic hires across our platform.”

The new appointments follow the addition of Erik Oken, former global chairman of investment banking at JP Morgan, to MidOcean Private Equity as chairman earlier this month.

The firm also named Eric Gordon and Bob Myers as operating partners last year to bolster technology and digital transformation capabilities.

It hired Tim Percarpio from distressed private credit and real estate manager Contrarian Capital as its new head of investor relations last April.

MidOcean hit a hard cap close for its fifth flagship fund in 2018, raising more than $1bn for a fund for the first time since its 2007 third vehicle.

The firm burst through the $1bn target for Fund V to strike a $1.2bn hard cap final close, more than a decade after collecting $1.25bn for Fund II.

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