Initium Management, a Westport, CT-based private equity firm, has been launched.
Initium Management specializes in transforming family and founder-owned businesses into legacies through hands-on support, expertise, and innovative growth strategies. To this end, it partners with companies at critical inflection points, where the potential for growth is greatest.
Founding partners include:
- Kerem Bolukbasi, who served as CFO of the $2 billion GE Gas Engines business unit and as Enterprise Risk Leader at GE Capital. In interim and permanent CFO roles within private equity portfolio companies, Bolukbasi delivered strategy and execution, ensuring alignment between management and shareholders. Renowned as a carve-out and turnaround specialist, he has held pivotal operating positions at TPG Capital PE Operating Group and TPG/BDT-backed middle-market companies such as Rather Outdoors, Exactech, Vice Media, McAfee, Transplace, Adare Pharma, and FleetPride. Bolukbasi has executed multiple complex carve-outs, including the McAfee carve-out from Intel. He holds an MBA from the University of North Carolina and has served in the US/NATO Special Forces. Kerem resides in Charleston, SC, with his family.
- Varun Tejpal, who pioneered the foremost SaaS platform tailored for multinational corporations grappling with intricate intercompany accounting, tax, and treasury challenges. Under his stewardship, FourQ experienced exponential growth, achieving an Annual Recurring Revenue (ARR) nearing $20 million, and was acquired by BlackLine for $240 million in January 2022. He also lends exceptional deal-making prowess to the Initium team. Varun has spearheaded numerous acquisitions, dispositions, and spin-offs ranging from $50 million to more than $2 billion in value while serving 16-years as a finance executive at General Electric Company, spanning over 20 countries. Having served as both a big organization technology buyer as well as the CEO of a technology upstart, Tejpal brings invaluable perspective. Varun has an MBA from the University of Delhi, India, and lives in Westport, CT, with his wife and two children.
- Carter Venkat, who is the former CFO of telecommunications and electrical contracting company Tristrux. Venkat also served as a founding partner and head of research at Inox Capital, and brings capital raising, deal structuring, and execution experience from his time at prestigious investment banking at firms where he focused on leveraged finance and M&A advisory. His educational background includes a BA from Colgate University and an MBA from Columbia Business School. He lives in Westport, CT, with his wife and three children.
FinSMES
20/05/2024