Company Description
North Castle Partners (“North Castle” or “NCP”) is a private equity firm that has been focused on investments in consumer-driven product and service businesses promoting healthy, active, and sustainable living since its founding in 1998. North Castle is a hands-on, value-added investor in middle-market companies in the (i) fitness, recreation & sports, (ii) nutrition and consumer health, (iii) beauty & personal care, and (iv) consumer service and experience sectors, among others. North Castle's current portfolio includes brands such as Therabody, NEST New York, Glow Recipe, Genexa, Maya Kaimal, Windham Mountain Resort, Full Swing Golf, The Escape Game, Sparx Hockey, Mack Weldon, CR (Crunch) Fitness, EWC Growth (European Wax Center), and Five Iron Golf. Prior portfolio companies include Barry’s, SmartyPants, Atkins, Contigo, Curves, Jenny Craig, Doctor’s Best, Octane Fitness, Cascade, Mineral Fusion, gloProfessional, Equinox, Naked Juice, EAS, and Avalon Organics. NCP partners with management teams to bring a wide range of strategic and operational capabilities to build leading companies by unlocking the exponential power of “full potential partnerships”, and is headquartered in New York City. For more information, visit www.northcastlepartners.com.
North Castle is led by our Chairman & Founder alongside three Partners and includes four additional private equity investment professionals. Our capabilities are enhanced by a team of operating advisors who bring a wide range of industry and functional capabilities, as well as our extensive knowledge base and network from having been focused investors in our categories for almost 30 years. We believe the strength of this full team, focus, and network creates significant competitive advantages in private equity investing. Finally, we believe in a value system that is core to our success – although we are investors focused on financial return, we are steadfast that we deliver that return without compromising our values. We believe this is what makes North Castle a unique investor.
Role Description
North Castle is seeking an Associate to join the Investment Team located in New York, NY. This person will be a full member of the investment team and an integral member of new deal and portfolio monitoring teams. All teams are typically staffed with a Partner, Principal / Vice President, and Associate, but in certain instances Associates will work directly with Partners which provides the Associate with complete access to all levels of the organization and tremendous responsibility and room to grow.
This person will spend their time in three general categories: (i) new company diligence and transaction execution, (ii) portfolio company monitoring and management, and (iii) internal initiatives. New deal diligence and execution will represent a meaningful portion of an individual’s experience and be comprised of the following broad areas:
- New deal research, diligence, and screening process including primary and third-party research and meeting with prospective targets, industry experts and potential executives;
- Detailed modeling and financial analyses;
- Coordination of business and third-party due diligence processes;
- Written correspondence with non-deal team members for deal approval process;
- Coordination and execution of the debt financing process;
- Development of relationships with management; and
- Development of an operating blueprint for strategic post-closing support
The North Castle approach to private equity is to be a hands-on, value-added investor and therefore we spend a meaningful amount of our time working with our portfolio companies in various ways. Portfolio company monitoring and management is often the most rewarding part of the job. Like other members of the team, the Associate will endeavor to create meaningful relationships with all members of senior management. Responsibilities include:
- Maintaining a regular dialogue with management and keeping the broader NCP team up-to-speed on developments in the business;
- Regularly monitoring financial performance;
- Evaluating add-on acquisitions and other value-added opportunities;
- Assisting management with the implementation of the operating blueprint; and,
- Acting as a liaison between management and debt financing sources.
Qualifications
A candidate MUST have 2 or more years of Investment Banking or Private Equity, or in certain instances Management Consulting, experience with a specific interest in the health and wellness space and lifestyle a plus. We are looking for someone who is flexible and can play the role of junior team member one day and work directly with Partners the next.
In addition, candidates should also demonstrate the following characteristics:
General
- Strong work ethic and initiative – a self-starter;
- Innate intellectual capacity and curiosity – asks good questions;
- Empathic, considerate and supportive, particularly with regard to working with mid-sized company management teams;
- Entrepreneurial spirit; and
- Maturity and credibility beyond their years
Technical Skills
- Strong modeling and analytical excellence
- Ability to anticipate questions and proactively address issues
- Knowledge of and prior experience with financing markets and the M&A deal process
Communication skills
- Ability to write about a transaction or company for NCP and external audiences
- Articulate – comfortable communicating with management, advisors and financing sources
