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Praesidian Capital Hires Wes Owen as Managing Director

NEW YORK, August 11, 2014-- Praesidian Capital, a leading provider of senior and subordinated debt for small and mid-sized companies, announced today the addition of Wes Owen as Managing Director, effective immediately.

“We are very pleased that Wes has decided to bring his numerous talents to Praesidian Capital,” stated Jason Drattell, Founder and Managing Partner. “Wes will focus on business development resulting from his years in the financial services industry and corporate management in the United States and United Kingdom. We welcome him to the Praesidian family as we continue to expand our footprint in the debt arena.”

Mr. Owen joins Praesidian from Fuel Break Capital and G2 Capital Advisors, where he served as a director of capital markets and financial institution coverage for approximately 500 credit-focused and private equity funds. From 2007-2012, he headed the credit team for Patriarch Partners, a $5 billion debt/private equity group operating in the distressed sector. While at Patriarch, Mr. Owen was involved in the four primary extensions of the firm’s platform through new deal acquisitions. Prior to his role with Patriarch, he served as General Manager of Volex in Manchester, England, and Shanghai, China, and participated in the successful turnaround of a $400 million cable interconnect business.

Mr. Owen earned a B.A. degree, cum laude, in Economics and Mathematics from Northwestern University. He obtained his MBA at the Harvard Business School. Mr. Owen resides in New York City. He formerly served as a director for Best Textiles and Intrepid Home Healthcare.

About Praesidian Capital

Praesidian Capital is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United States, United Kingdom and Germany, and selectively in Northern Europe. Praesidian invests in established, small and mid-sized companies often in connection with a management for buyouts, recapitalizations or refinancings. Based in New York City with an office in London, Praesidian manages more than $900 million in committed capital. For more information, visit www.praesidian.com.

Contact:
The Abernathy MacGregor Group
Rivian Bell
Kristin Cole
213-630-6550


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