Ben Eugrin
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Hey Ben — we both ended up in PE from pretty different directions. been thinking a lot about proprietary origination in consumer manufacturing lately. would be good to connect.
Hey Ben, we both ended up in PE from different paths — I came through IB at CS & Greenhill in London rather than the consulting and supply chain route you took into acquiring manufacturing businesses. origination was always the same story for me — clear thesis, decent relationships, but no proprietary system of record tying anything together. every deal virtually sourced from scratch, nothing compounding over time. curious if that's still how most funds operate or if I'm behind the times? — Russ
Hey Ben, we both landed in PE though from different angles — I came through banking at CS & Greenhill in London into growth equity, not through supply chain and consulting like you building Caerus. the pattern I keep seeing with most funds is weirdly consistent — strong thesis, solid network, but no proprietary system of record. the people, tools and ideas are never really connected. every deal virtually sourced from scratch, nothing compounds on itself. curious if that resonates or if you've built something different at Caerus? — Russ
hey Ben — no worries if the timing's off. most funds I talk to have tried some version of building origination in-house — analyst pulling from Pitchbook or Grata, maybe using ChatGPT to help qualify, dumping it into a spreadsheet. each piece kind of works, but there's no system of record tying it together. the people, tools and ideas are all disconnected, so tonnes of wasted energy and everything ends up out of sync. been helping a few funds like Mentmore work through that. curious if you've run into the same thing at Caerus? — Russ
totally get it if origination infrastructure isn't top of mind right now — most funds have 10 things ahead of it on the priority list. the funds I've seen crack it early just tend to compound deal flow in a way that's hard to replicate later. if it ever moves up the list, I'm easy to find. — Russ
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Ben — hope you're having a good Wednesday. wanted to reach out — congrats on launching Caerus, always impressed by those who've taken the leap. though we share a PE background, I hope to one day do the same and acquire a great manufacturing business. in the meantime I've been working on the origination side with funds like Backer Group and Mentmore — curious how you're thinking about origination at Caerus. mostly proprietary or still seeing a lot through brokers? very best, Russell linkedin.com/in/russellt23
Prospect Research
## PROSPECT INFORMATION: Name: Ben Eugrin Title: Founder Fund: Caerus Equity Partners Background: PROSPECT SUMMARY: Ben Eugrin CURRENT FOCUS: Ben is currently the Chief Executive Officer at C&L Cylinder and Machine, based in Lindale, Georgia. Since November 2023, he has been leading this mechanical and industrial engineering firm. Simultaneously, he is the Founder of Caerus Equity Partners, a venture capital and private equity firm he launched in July 2021. BACKGROUND: He has an extensive background in management consulting, supply chain operations, and higher education. Notable previous roles include Managing Director for the MS in Business Analytics program at Emory University's Goizueta Business School, Director of Customer Supply Chain Solutions at CHEP, and various consulting roles at RGP, Slalom Consulting, and Deloitte. He also spent over a decade at A.P. Moller - Maersk in various global leadership positions across Denmark, China, and the U.S. He holds both an MBA and a BBA from Emory University. KEY SKILLS: Strategic Leadership, Supply Chain Optimization, Business Analytics, Management Consulting, Process Improvement, and Venture Capital. He also possesses elementary to limited working proficiency in Mandarin Chinese, Russian, and Spanish. NOTABLE POSTS & QUOTES: - September 18, 2019: "Just finished 2 amazing days at the o9 2019 “AIM 10X Summit”, a supply chain planning conference focused on applications of AI and Digital Transformation - fantastic learning!" - May 1, 2019: Discussing student capstone projects at Emory: "This year students dove into vast amounts of sponsor data to do things such as predicting customer churn, showing the linkages between parties involved in fraud, and using machine learning to beat traditional time-series forecasting models." - May 22, 2018: Regarding the value of real-world data: "One of the key elements of Goizueta's MSBA program is the Capstone experience - real business analytics projects with large amounts of (messy) client data." - October 27, 2017: Quoting an industry leader on data strategy: "“Every data science project should start off as a consulting exercise — understanding the ‘what’ and ‘why,’... The objective should always be designed towards the right business outcomes." - March 31, 2017: Regarding his speaking engagement at the ProMat conference: "Come hear how CHEP is optimizing product protection to find the right balance between damage reduction and lowest impact packaging." - April 22, 2015: "Sharing work we have done to help one of our clients model expected demand using Monte Carlo simulation and design their operating strategy for a major initiative." Fund details: - Description: Caerus Equity Partners is a lower middle market private equity firm with over $3M in growth capital and the ability to fund a transaction up to $30M. We would like to acquire a single, great consumer manufacturing company with stable EBITDA of at least $2M in the Southeast region of the U.S. We welcome connections with any sellers, brokers, or additional investors. - Website: http://www.caerusequitypartners.com - Location: Atlanta, Georgia, United States - Lead qualification: Research: - Query: =Caerus Equity Partners Ben Eugrin recent investments fund thesis - Answer: Caerus Equity Partners, founded by Ben Eugrin in 2021, focuses on acquiring and growing manufacturing businesses, with a recent investment in C&L Cylinder and Machine. The firm targets companies with stable EBITDA in the Southeast U.S.