Kainos Capital Hires Crossmark's Desai For Business Development Role

Jan 12 2016 | 10:14pm ET

Consumer brand investor Kainos Capital has hired former Crossmark executive Jay Desai to the post of managing director and head of business development.

Desai will report directly to managing partner Andrew Rosen in the new role, which is new. He brings 13 years of principal investing, investment banking and strategy experience in the consumer goods sector, serving most recently as senior vice president of strategy at sales and marketing services company Crossmark. Beforehand, he was a director in the M&A department at Deutsche Bank Securities, and began his career at Merrill Lynch.

"I had the privilege to first work with Jay ten years ago when he joined our investment team,” noted Rosen in a statement. “In the interim years prior to Jay rejoining us, he has built a global network of relationships throughout the consumer industry.  He will bolster our business development capabilities for new investment opportunities, and be a valuable partner to our portfolio companies in shaping their business strategies."

Kainos Capital, which was spun out of HM Capital Partners in 2013, specializes in acquiring and managing food and consumer businesses in the middle market. The company has invested more than $2 billion of private equity in more than 50 transactions worth approximately $8 billion.

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