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CSFB appoints three new operating partners to DLJ Merchant Banking

Credit Suisse First Boston has appointed three new operating partners to CSFB Private Equity's DLJ Merchant Banking Partners. Ron Beegle, James Finkelstein and Larry Pickering are joining three of the firm's industry specialisation groups, which are part of CSFB's leveraged buy-out activities.

The three executives will assist the firm's private equity group in sourcing transactions, providing industry knowledge to enhance due diligence processes and contributing strategic input to the firm's portfolio companies.

Beegle will be chairman of Global Consumer/Retail Investors, which will specialise in sourcing transactions in the consumer and retail sectors. Beegle joins the firm from Gap where he served as vice president of finance and operations for Banana Republic, executive vice president and general manger of Gap Direct and chief operating officer of the company's flagship Gap division.

Finkelstein will be chairman of Global Media Partners. He joins the firm from JAF Communications where he served as president and chief executive officer. He previously spent 19 years as president and chief executive officer of the National Law Publishing Company. Pickering will be chairman of Global Healthcare Partners. He previously spent 32 years working for Johnson & Johnson.

'The DLJ Merchant Banking specialised industry groups, which also include Global Energy Partners and Global Industrial Partners, have become increasingly valuable sources of deal flow for us,' said Tom Dean, the global head of leveraged corporate private equity. 'The industry expertise of the professionals in these groups has augmented our ability to create value for our investors as business owners.'

'We intend to take advantage of Ron, Jimmy and Larry's expertise in their respective industries to create significant value in our current portfolio and to source outstanding investments in the future,' Dean concluded.

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