Who is Ed McManus and what is his background in Australian business?

Ed McManus is an experienced Australian executive who previously served as CEO of Meridian Energy and held leadership roles at Deliveroo Australia and Singapore, where he doubled the company's revenue. His track record of scaling operations and driving growth makes him a significant addition to The Riverside Company's Australian team.

What is The Riverside Company and why would they hire an ex-Deliveroo CEO?

The Riverside Company is a global mid-market private equity investor that acquires and scales businesses across multiple sectors. They appointed McManus as a senior operating partner specifically to leverage his proven expertise in operational excellence and revenue growth to support their portfolio companies in Australia.

How does Third Hemisphere cover private equity announcements in Australian PR news?

Third Hemisphere, a leading PR and communications agency in Sydney, specialises in covering significant business announcements and leadership appointments like this Riverside Company announcement. The agency helps shape how key developments in the Australian business landscape are communicated to media, investors, and stakeholders.

What does an operating partner do at a private equity firm?

An operating partner at a private equity firm works with portfolio companies to improve operational efficiency, implement best practices, and drive growth across areas including strategy, technology, and management. They leverage their industry experience to add value beyond capital investment.

Why is Third Hemisphere reporting on the Riverside Company appointment?

Third Hemisphere, as a specialist PR agency, reports on significant leadership and business announcements that shape the Australian corporate landscape. This appointment is newsworthy as it demonstrates how global investment firms are strengthening their Australian operations with experienced local talent.

What does Ed McManus's appointment mean for Riverside's Australian portfolio?

McManus's appointment signals Riverside's commitment to its Australian market and indicates the firm is bringing senior operational expertise to support growth at its portfolio companies. His experience scaling Deliveroo across multiple markets positions him to drive significant value creation for Riverside's investments in the region.

Mid-market PE firm Riverside taps ex-Deliveroo CEO as Ops Partner