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DLJMB opens Michigan office04/04/2008. Source: AltAssets. 
 DLJ Merchant Banking Partners, a private equity investment affiliate of Credit Suisse, has opened an office in Troy, Michigan to serve the Midwest and the mid-section of the US.
John A Janitz and Dominick J Schiano, global industry partners affiliated with DLJMB, will be based in Michigan. They will continue to focus on the industrial services sector.
Janitz said, 'The concentration of opportunities in the industrial sector in the Midwest and throughout the mid-section of the country makes opening this office a natural step for DLJMB.'
Schiano added, 'We look forward to helping to build on the momentum created by DLJMB's New York, London and Los Angeles offices to identify attractive private equity investments in the region, and we believe that adding a hub in the Midwest from which to source transactions and manage portfolio company growth will significantly benefit DLJMB's business.'
DLJMB focuses on control investments in mid-market companies, investing up to $200m in equity per company.
Janitz and Schiano joined DLJMB last year, after working for Questor Management, a Michigan-based turnaround capital investment firm. Prior to joining Questor, both served in various senior management roles at Textron and TRW.
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