Morgan Stanley Hires Managing Director, Launches Third Asia Private Equity Fund

Oct 3 2007 | 8:50am ET

Morgan Stanley has hired Gary Matthews as a managing director and operating partner for its global private equity business. Matthews will assist the firm’s private equity team in sourcing deals and help oversee the management and strategies for those transactions.

Matthews has led several private equity-backed companies and business units, including Simmons Bedding Company, Sleep Innovations, Bristol-Myers Squibb and Derby Cycle Corporation. He also served as president and CEO of Guinness Import Co. from 1996 to 1997 and held senior management positions at PepsiCo and McKinsey & Company.

“Gary is a proven CEO in both the public and private equity arenas, and has generated top and bottom line growth for more than two decades by transforming internally focused companies into market driven organizations,” said Stephen Trevor, co-head of both Morgan Stanley Private Equity and the firm’s Merchant Banking division. “Operating partners are critical to our strategy of building a world-class private equity franchise and we are pleased to welcome Gary to the team.”

Separately, Morgan’s Asia private equity group, Morgan Stanley Private Equity Asia, has raised $1.5 billion for Morgan Stanley Private Equity Asia III. The Asia Fund will invest in businesses located across the region “with strong value propositions” and will have in place a five-year investment period followed by a five-year “harvest” period.

“Morgan Stanley has been an active and successful private equity investor in the region since 1993,” said Chin Chou, chief executive officer of MSPE Asia. “We will continue our value-oriented investment strategy, focused not only on opportunities in China, South Korea, Singapore and Taiwan, where we have established track records, but also on other important markets such as Japan, India and Australia.”

MSPE Asia is part of Morgan Stanley’s global private equity business within merchant banking, a division of Morgan Stanley Investment Management.


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