Auda Names Andryc as Managing Director in Private Equity Group; Move Reflects Strong Growth In Auda’s LBO And Venture Capital Investments

Auda Names Andryc as Managing Director in Private Equity Group; Move Reflects Strong Growth In Auda’s LBO And Venture Capital Investments

Business Editors

NEW YORK–(BUSINESS WIRE)–Feb. 7, 2001

Auda Advisor Associates LLC (www.auda.net) today announced that David S. Andryc has joined the firm’s Private Equity group as a Managing Director.

In that role, he will be responsible for managing Auda’s direct private equity activities, complementing the firm’s traditional role as a leader in partnership investments.

Andryc, 40, has more than 13 years of experience in all aspects of private equity investing, including identifying and analyzing target companies and industries, sourcing deal flow, negotiating transaction terms, completing due diligence, negotiating debt financing terms, closing investments and add-on acquisitions, participating as a portfolio company board member, and overseeing IPOs and liquidity events.

Steve Wesson, Managing Director at Auda, said, “David is a valuable addition to our team. His in-depth knowledge of all aspects of private equity, from structuring to board oversight, will be invaluable as we implement our investment plans for the coming year. His appointment reflects Auda’s strong commitment to the private equity business, both in our core fund-of-funds activities and our direct investment fund program.”

Previously, Andryc was a partner at Behrman Capital, where he shared responsibility for successfully sourcing and executing transactions for the firm’s first fund. During his tenure there, assets under management grew from $67 million to $641 million. Prior to that, Andryc was a Vice President at Bradford Ventures Ltd., a middle market LBO firm associated with Bessemer Securities Corporation. He began his career at Lazard Freres & Co., where he was involved in a variety of investment banking transactions as well as the firm’s $1.5 billion Corporate Partners fund. Andryc holds an MBA from Harvard Business School and an AB from Dartmouth College.

The Auda Group (www.auda.net) is a leading international investment advisor specializing in alternative investments that include private equity and venture capital funds, as well as hedge funds and — through affiliates — also real estate and biotechnology. Founded in 1989 in New York as the U.S. investment arm of the Harald Quandt family of Germany, Auda markets its products and services to institutional investors and high net worth individuals in the U.S. and Europe.

COPYRIGHT 2001 Business Wire

COPYRIGHT 2001 Gale Group