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News from CNW Group

Whitecastle Private Equity Partners expands its team by adding David Reese as Vice President

17:00 EST Wednesday, December 06, 2006

TORONTO, Dec. 6 /CNW/ - Whitecastle Private Equity Partners Fund LP, one of Canada's leading private equity funds, has announced that David Reese has joined the firm as Vice President.

"We are excited about the addition of our newest team member. David's operational experience will be invaluable in both assessing investment opportunities and providing value add to our portfolio companies," said Carey Diamond, Managing Director of Whitecastle Private Equity Partners Fund LP.

David has ten years experience in strategy consulting, large-scale business transformation, turnarounds and operational improvements. Prior to joining Whitecastle, David spent several years working in Australia and South Africa with a boutique consulting firm specializing in business turnarounds and performance improvement for multi-national, industrial clients. In this role, David partnered with management teams to identify, prioritize and execute high impact, sustainable improvement initiatives that would add to the bottom line. Considerable time was also invested in building sustainable, high-performing organizations by revamping planning, management and performance measurement systems, implementing mini-business teams, and coaching management.

David also spent several years at a leading telecommunications firm driving major transformation programs and operational improvement initiatives across a multi-billion dollar product portfolio. Prior to this, David spent five years in the strategy consulting industry with the Boston Consulting Group and the Mitchell Madison Group where he served clients across a wide variety of industries focused on strategy development, mergers and acquisitions, cost reduction and operational improvements.

David was awarded a Ph.D. (Industrial and Systems Engineering) and a B.A.Sc. with honours (Industrial Engineering) from the University of Toronto.

Whitecastle Private Equity Partners Fund LP is a Toronto-based investment fund focused on providing capital and expertise for growth and buyouts in small and medium-sized enterprises. Whitecastle targets opportunities in certain key business sectors such as the environment, health care services and products, financial services and manufacturing. More information about Whitecastle is available at www.whitecastle.ca.

For further information: Elmer Kim at (416) 324-5417

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