Pamlico Capital, a private equity firm focused on investing in growth-oriented companies, announced it has named Stuart M. Christhilf, IV and Eric J. Wilkins as partners of the firm.
"We are very proud to welcome Stuart and Eric as Partners of our firm," said Pamlico Managing Partner Scott Perper. "Their promotions represent the first additions into the partnership since Pamlico became an independent firm in 2010. They both have demonstrated extraordinary investment judgment and leadership that has been on display throughout the time we¹ve worked alongside each of them."
Both Christhilf and Wilkins are being promoted to partner from the role of principal, effective Dec. 19.
Christhilf joined Pamlico Capital in 2003 after serving as an associate in the Leveraged Capital Group at Wachovia Corp. and as an Analyst in the bank's Loan Syndications Group. A Chartered Financial Analyst, Christhilf received his BS from Washington and Lee University. Christhilf, who focuses on companies in the Business & Technology Services sector, has worked on many successful transactions during his tenure at Pamlico, including GreatAmerica Leasing Corp., a national commercial equipment finance company, and others. Christhilf was also responsible for sourcing the firm¹s proprietary investment in Securadyne Systems, a full-service security solutions company formed by Pamlico in 2012. Christhilf currently serves on the boards of ATX Networks, Securadyne, TekLinks, and VRI.
Wilkins joined the firm in 2006 from DLJ Merchant Banking Partners, where he was an associate. Previously, Wilkins was an Associate at McCown De Leeuw & Company and an Analyst at Bowles Hollowell Conner & Company. He received his BA from the University of North Carolina at Chapel Hill and an MBA from Columbia Business School. Wilkins focuses on companies in the Business & Technology Services sector with an emphasis on opportunities within the software and Internet industries. Wilkins has been responsible for sourcing several transactions, including a recent proprietary investment in DAXKO, a provider of on-demand software to nonprofits. He currently serves on the boards of CLEARLINK Technologies, T2 Systems, and DAXKO.
"Stuart and Eric have distinguished themselves through thoughtful industry theme development, effective deal sourcing, and by being insightful, hands-on partners with portfolio company management teams," added Walker Simmons, a partner at Pamlico Capital. "Most importantly, both contribute to and exemplify the Pamlico culture of being trusted growth partners, while working hard alongside both members of the firm and our portfolio companies to create value for our investors."
The promotions reflect Pamlico¹s ongoing growth as an independent firm. Last year, Pamlico held the final close of Pamlico Capital III, LP, at $650 million, which was the firm¹s first fund since its 2010 spinout from Wells Fargo. The firm has completed 13 transactions in 2014, including five new platform-company investments, five add-on acquisitions, and the sale of three portfolio companies.
Pamlico Capital is a private equity firm founded in 1988 that invests in growing middle market companies in the U.S. Pamlico Capital seeks control-oriented growth equity investments of up to $100 million alongside proven management teams in its target industries: Business & Technology Services, Communications and Healthcare. Since inception, the Charlotte, NC-based firm has invested over $2.5 billion.