Monomoy Capital Partners, a private equity firm focused on value investing and business improvement in the middle market, announced that David Robbins has joined the firm as a Managing Director and the Head of Credit Strategies. Robbins will lead Monomoy’s investments in the debt securities of distressed and underperforming businesses that can benefit from operational, financial and strategic improvement.
Robbins has over 17 years of experience in principal investing focused on credit opportunities and debt-for-control investments across a number of market segments. He joins Monomoy from H.I.G. Bayside Capital where he was a Managing Director responsible for leading investments in distressed debt and positioning Bayside to take control of middle market companies through financial restructurings. Prior to his work at Bayside, Robbins was a Senior Managing Director at GSC Group and the co-head of the GSC credit opportunities team that sourced and executed similar middle market investments. He began his career in the private equity practice of the Blackstone Group.
“We are thrilled to welcome David to the Monomoy team,” said Justin Hillenbrand, a founding partner of Monomoy. “We believe that the credit markets will provide attractive opportunities to acquire underperforming middle market businesses in the next business cycle, and David brings the perfect blend of talent, experience and judgment to position Monomoy and its limited partners for continued success in firm’s core investment strategy,” added Mr. Hillenbrand.
“Monomoy stands out in our marketplace because it brings a talented investment group and a world class operating team to the middle market,” said Robbins. “Companies in the lower end of the middle market are often under-managed and over-leveraged, and a focused debt-for-control strategy will expand our ability to acquire those businesses at attractive valuations, improve their profitability and deliver outstanding returns,” he added. “I am very excited to join Monomoy and about the opportunity set in front of us.”
Monomoy Capital Partners is a private equity firm with over $1 billion in committed capital that makes controlling investments in middle market businesses in the manufacturing, distribution, transportation, consumer product and foodservice sectors.