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SOURCE Aurora Capital Group
LOS ANGELES, July 14, 2014 /PRNewswire/ -- Aurora Capital Group ("Aurora"), a Los Angeles-based private equity firm with over $2 billion of assets under management, today announced that its affiliate Aurora Resurgence has appointed Sean Ozbolt as Partner. Mr. Ozbolt has seventeen years of private equity and credit investment experience across a wide variety of industries, including industrial manufacturing, consumer products, healthcare, business services and energy. He is based in the firm's Los Angeles office.
Steven Smith, Managing Partner of Aurora Resurgence, commented, "We are delighted to strengthen our leadership team with the addition of Sean and look forward to drawing on his proven capabilities in all stages of the investment process, as well as his operational, strategic and financial management expertise. Sean's broad network coupled with his extensive transaction and management experience will prove beneficial as we continue to grow our portfolio in our second Resurgence fund. With a strong team, a broad and flexible mandate and a substantial capital base, Aurora Resurgence II is well positioned to capitalize on complex middle market opportunities in a wide variety of industries and geographies."
Gerald L. Parsky, Chairman of Aurora Capital Group, said, "Sean's appointment to Aurora Resurgence will be highly complementary to our existing world-class team. I am confident that his deep understanding of value creation in distressed private equity and opportunistic credit investments will enable him to bring meaningful insights to both our current and prospective investments."
Sean Ozbolt, Partner of Aurora Resurgence, said, "It is an honor to join Aurora Resurgence's seasoned, high-quality team. Aurora has a proven business strategy supported by long-standing investors and I am excited by the numerous prospects for future growth."
Aurora Resurgence closed its second resurgence fund, Aurora Resurgence Fund II LP in October 2013 at $550 million in capital commitments.
Sean Ozbolt, Partner, Aurora Resurgence
Mr. Ozbolt is a Partner of Aurora Resurgence. Previously, Sean served as Managing Director at Bayside Capital, an affiliate of H.I.G. Capital, a leading global private investment firm with more than $15 billion of capital under management. At Bayside Capital, he was a senior member of the special situations investment team, leading distressed private equity and opportunistic credit investments for H.I.G. Capital. Prior to joining Bayside in 2005, Mr. Ozbolt was an Associate at Saunders, Karp & Megrue, a middle market private equity firm managing over $1.5 billion of equity capital. Prior to Saunders Karp & Megrue, Mr. Ozbolt worked at J.H. Whitney & Co., with a focus on investing control and minority equity and mezzanine debt capital. Mr. Ozbolt started his career at First Union Securities as an Analyst in the Leveraged Finance Group. Mr. Ozbolt received a B.S. in Commerce from the University of Virginia.
About Aurora Capital Group
Aurora Capital Group is a Los Angeles-based investment firm formed in 1991 that acquires and builds companies in partnership with operating management. The Firm currently manages approximately $2 billion in capital and is committed to investing in companies with unique, defensible market positions. Aurora is dedicated to generating long-term value principally through investing the time and resources necessary to enhance the fundamentals of each of its businesses. Aurora Resurgence is focused on investing in the debt and equity securities of middle market companies, targeting complex situations that are created by operational or financial challenges either within a company or a broader industry. For more information on Aurora Capital Group, visit its Web site at www.auroracap.com.
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