Global mid-market private equity investor, The Riverside Company, has appointed Ed McManus, former CEO of Meridian Energy and Deliveroo Australia and Singapore, as a senior operating partner for its Australian operations. McManus, known for doubling Deliveroo’s revenue and significantly growing Powershop Australia’s customer base, will focus on enhancing revenue and earnings for Riverside Australia Fund’s portfolio, which includes EventsAIR, Avance Clinical, and Alpha-H.
He will also chair the board of the newly acquired Virtual IT Group. Simon Feiglin, Riverside’s Melbourne-based managing partner, praised McManus’s extensive experience and ability to drive growth and expansion. Riverside targets businesses with up to $25 million in annual earnings, aiming for substantial returns. The firm recently celebrated successful exits with Energy Exemplar and Hiway Group.
Read the full article in the Australian Financial Review.
