Arlington Capital
Perry Steiner
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Arlington Capital Partners Hires Former Digital River President as Managing Director
Washington, DC, March 26, 2001 -- Arlington Capital Partners, a $450 million private equity fund focused on telecommunications, technology, outsourcing and information services,
announced the addition of Perry Steiner as Managing Director. Mr. Steiner was previously president of the e-commerce firm Digital River, Inc, a NASDAQ listed company.
"In today's turbulent market for funding technology companies," explains Paul Stern, co-founder of Arlington Capital, "There are outstanding opportunities to make private equity
investments. Perry's background both in building and running a public company, and as a private equity investor will be a great addition to the Arlington partnership."
Mr. Steiner brings a valuable combination of management and private equity experience to the firm. Mr. Steiner was formerly president of Digital River, a commerce service provider
managing e-commerce systems for over 8,000 companies worldwide. After leading the company to its IPO, Mr. Steiner grew the company's revenues over 10x during a three-year period, completed five acquisitions, and established the company as a leading e-commerce provider to the software industry. The company was named one of the 100 fastest growing technology companies in 2000 by Bloomberg.
Prior to joining Digital River, Mr. Steiner was a senior member of Wasserstein Perella Ventures, where he directed technology investments for the firm's debut venture capital fund. He began his career as a private equity investor with TCW Capital and as an investment banker with Goldman Sachs. He earned his undergraduate degree from the University of Michigan, and his MBA from The Wharton School at the University of Pennsylvania.
The principals of Arlington Capital are Paul Stern, formerly Chairman and CEO of Nortel Networks and co-founder of Thayer Capital; Ray Smith, formerly Chairman and CEO of Bell
Atlantic; Robert Knibb, formerly of MacAndrews & Forbes Holdings; and Jeffrey Freed, formerly of Oak Hill Capital Partners and Westbury Capital.
About Arlington Capital Partners:
Arlington Capital Partners (www.arlingtoncap.com) is a Washington, DC-based private equity fund with over $450 million of committed capital focused on middle market buyout investment opportunities in growth industries including the business services and outsourcing, aerospace/defense, IT and engineering services, media, education and training, healthcare services, and specialized manufacturing and related industries. The firm's professionals have a unique combination of operating and private equity experience that enables Arlington to be a value-added investor. Arlington invests in companies in partnership with high quality management teams that are motivated to establish and/or advance their company‚s position as leading competitors in their field.
SOURCE: Arlington Capital Partners
Contact:
Christian Codish
Arlington Capital Partners
600 New Hampshire Ave., NW
Suite 660
Washington, DC 20037
(202) 337-7500
ccodish@arlingtoncap.com
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