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PRINT THIS PAGE Investment bank Allegiance hires John Sloan to start private equity fund12/12/2007. Source: AltAssets. 
Dallas-based investment bank Allegiance Capital has appointed former The Thompson Company CEO John R Sloan to the new position of vice chairman. In his new position Sloan will be part of the company's senior leadership team, with responsibility for initiating the company's private equity fund, and handling other complex investment transactions. Sloan has spent over 25 years as CEO of private equity and venture capital organisations and participated in financial transactions that have exceeded $6bn in aggregate value. He acted as senior advisor for the Thompson family during their $5.1bn leveraged buy-out of international food retailer The Southlands Corporation.
Sloan said, 'With the company's proprietary deal flow, we [Allegiance] are in an enviable position to see a number of interesting investment opportunities. On a broader basis, we have wonderful relationships with a number of highly successful private equity funds, which would welcome our participation in investments in their portfolio companies.
'Our fund will invest in both control and minority ownership positions and we will target investments in companies with exceptional growth potential. The private equity fund is a natural complement to both Allegiance Capital's M&A business and my background,' Sloan added.
Allegiance currently has over $1bn in M&A assignments and specialises in investments in mid-market companies with revenues ranging from $10m to $500m. It has offices in Dallas, New York, Minneapolis/St Paul, Vancouver, British Columbia, Shanghai and Tel Aviv.
Copyright © 2007 AltAssets
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