MONTREAL, May 1, 2019 /CNW Telbec/ - Pierre Somers, President and Chief Executive Officer of the Walter Group, is pleased to announce the appointment of Éric Phaneuf as President and Chief Executive Officer of Walter Capital Partners ("Walter Capital").
"Eric embodies the Walter Group's values and vision, which are built around entrepreneurship. This has driven the Group for more than 70 years," said Mr. Somers. "He performs very well in our ecosystem based on entrepreneurial spirit and operational excellence and works hand in hand with our partners to find winning solutions."
Mr. Phaneuf has been part of Walter Capital's team since the firm was founded in 2015. In his role as Managing Partner, he has demonstrated his ability to work in partnership with portfolio companies to drive their growth. His contribution to the development and execution of the firm's investment strategy has resulted in the creation of a $200-million fund - $100 million of which has already been invested in high quality assets. He has also been a key factor in creating an ecosystem that allows companies to benefit from the Walter Group's extensive entrepreneurial experience and array of seasoned executives.
"From his first day at Walter Capital, Eric has been involved in the development and implementation of the strategy that led us to the success we enjoy today," said René Fournier, President and Chief Investment Officer, Walter Financial. "He is the calibre of leader who is a true partner to support our firm's growth as well as that of our portfolio companies."
Prior to joining Walter Capital, Mr. Phaneuf held senior management positions in various publicly traded North American companies with significant international market exposure such as Cascades, MediaGrif and Megabrands.
About Walter Capital Partners
Walter Capital Partners (Walter Capital) is a private equity firm and part of Walter Financial, a private investment firm of the Walter Group. Walter Capital invests capital and know-how in established small and medium-sized businesses to help accelerate their growth. Drawing on the entrepreneurial values of the Walter Group and the business leadership experience of its Managing Partners, Walter Capital offers solutions that are above and beyond purely financial transactions. Headquartered in Montreal, Walter Capital provides a solid international network.
SOURCE Walter Capital Partners
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