Kainos Capital continues to expand its investment leadership, announcing the return of VP Catherine Anne Prideaux and the addition of three new associates.
The new hires come on the heels of naming former SlimFast executive Doug Reader as a senior managing director of the firm in early August.
Both announcements follow major developments for the firm this year, including the February close of its third flagship fund at over $1 billion, the largest in the firm’s history. Fund III targets family-owned businesses and corporate carve-outs in food and consumer products. This month, Kainos sold its stake in Dallas-based skincare brand BeautyBio to Nu Skin Enterprises as BeautyBio was acquired by Nu Skin’s Rhyz subsidiary.
Kainos—derived from Greek words meaning “fresh” and “new”—says it’s worked for more than two decades with manufacturers and marketers of food and consumer products to execute “change capital” initiatives that help companies refresh and renew to accelerate growth and drive financial results.
Prideaux first joined Kainos in 2018 and served as an associate and senior associate before attending the Wharton School where she recently earned her MBA. Kainos said that Prideaux will be actively involved in the evaluation, execution, and management of portfolio companies, and will help lead the firm’s associate recruiting and development activities.
Kainos said that three new associates also have joined the firm: Gage Baumli, Cate Mason, and Molly Swenson. The firm also announced that Brooks Thomas has been promoted to senior associate from associate.
Adding ‘tremendous leadership’
“We are excited to have several talented professionals join our team this summer as we continue to build out our firm,” said Kainos Managing Partner Andrew Rosen. “Our ability to drive transformational growth depends on recruiting top talent with diverse perspectives and experiences.”
Regarding Prideaux’s return, Rosen added: “We are especially pleased to welcome Catherine Anne back to Kainos as a vice president. During her first tenure on the Kainos team, she consistently demonstrated exceptional skill and work ethic, and in this elevated role she will undoubtedly add tremendous leadership and value to our investment process, our portfolio company Change Capital approach, and our culture.”
Kainos Capital is a middle-market private equity firm that has invested roughly $3 billion of equity in more than 40 transactions with a total transaction value of over $6 billion.
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