Asydan Capital Management Announces Merger with Kestrel Merchant Partners and Name Change Reflecting Firm’s Approach to Partnerships

For Immediate Release

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BOSTON, MA—Asydan Capital Management, LLC, a leading lower middle market private equity firm based in Boston, Massachusetts, announced today its merger with Kestrel Merchant Partners, a respected merchant bank focused on small cap and special situations public equity.  As part of the merger, Asydan will change its name to Caydan Capital Partners. 

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Derived from an ancient Welsh dialect, the word “caydan” means “partner,” and is a nod to the firm’s partnership with Kestrel, as well as Caydan’s collaborative approach in working with its investors, portfolio companies, management teams, and other stake holders.

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The merger brings together two highly-experienced teams with strong track records of success in the private equity and public capital markets. The combined expertise and resources of Kestrel and Caydan will allow the partner firms to offer their portfolio companies a more robust range of services, including capital raising, strategic planning, and operational improvement. ‍

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"We are excited to be merging with Kestrel, and look forward to building upon our firm’s successes as we move forward as Caydan Capital Partners.  We believe this merger creates a powerful combination of expertise and experience—allowing us to pursue new investment opportunities and to navigate the unique challenges facing our investors” said Rick Waldo, Co-Founder and Managing Partner of Asydan. 

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Co-Founder Wayne Mack added, "This merger allows us to expand our capabilities and better serve our portfolio companies. We believe the new name, with its emphasis on partnership, accurately represents the values and approach of our firm."

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Caydan Capital Partners will continue to focus on investing in lower middle market companies, with a particular emphasis on business services, healthcare, technology, and consumer products. 

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Contact Information:

Caydan Capital Partners
1500 District Ave.
Burlington, MA 01803
(617) 531-9767
www.caydancapital.com

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