Paul Laud has a successful history navigating change-of-control transactions.
As the owner and principal of Shelburne Associates, a business advisory firm, Paul recently completed an engagement with the Vermont Flannel Company, advising the owners through a partnership transaction with the American Apparel Company.
Previously he managed and monetized a portfolio of control, non-control and residual private equity assets for Black Diamond Capital Management, a Connecticut-based private equity firm. Paul managed distressed investment positions with an entry value of $37.7 million and, within 6 years, this portfolio returned realized proceeds of $167.7 million. Paul’s engagement at Black Diamond was an extension of an earlier engagement working for the bankruptcy trustee appointed to oversee the sale of a distressed portfolio.
Prior to Black Diamond, Paul was a founding partner of Laud Collier & Company, a private equity management firm created to manage the legacy private equity portfolio of the CIT Group. He facilitated the sale of this portfolio to a secondary fund managed by Goldman Sachs, and then went on to acquire four middle-market operating platforms.
Paul was founder and president of CIT Equity Investments, investing in 37 buyout transactions with a realized IRR of 36%. Paul also served as National Group Manager for CIT's middle market lending division and helped establish CIT as a first-call lending source for private equity firms.
Paul graduated from Princeton University with a degree in economics and earned his MBA from The Tuck School of Business at Dartmouth.
Paul has served on the boards of Advanced Duplication Services, LLC, Aeromet Holdings, Inc., Ames Taping Tools, Berry Plastics Corporation, CAMP Systems International, LLC, Columbia Holding Corp., Dan-Loc Bolt and Gasket, Inc., Elkay Products, Inc., Evercare Products, Inc., The Lofland Company, Magic Cinemas, LLC, Oneida Molded Plastics, LLC, Rutland Plastics Technologies, Inc., Springfield Precision Instruments, Inc., Tread Corporation and Tru-Circle Corporation.