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Tel: (415) 433-4494

Our Team

Sedge Dienst, Partner

Sedge Dienst co-founded KCA in 1993 with PJ Nora. Sedge has taken on roles as both board-level advisor and hands-on CEO in KCA portfolio companies to facilitate their growth. In KCA's first acquisition, Sedge became CEO of Price Outdoor Media of Missouri to lead a transformation of the company's sales model, pricing and strategy. This led to a rapid growth in revenues and profit, and an exit to a strategic buyer in the next year. Sedge also held the chief executive roles in the plastics processing (Trico Plastics and US Thermoplastics) platform as an interim stage to build a sustaining management team for the combined entity. In the 13-year build-up of Carex Health Brands, which combined 6 acquired businesses to become the leading branded home healthcare equipment company in mass retail, Sedge performed as CEO at certain phases, and at other times as board advisor. The company was sold in 2010, eight times the size of the initially acquired platform company, for a significant multiple of invested equity. Mr. Dienst sits on the boards of all KCA portfolio companies, focusing on strategy development, operational improvements and acquisitions.

Previously, Mr. Dienst was president and CEO of Western Sky Industries, where he overhauled the marketing and operations of this aircraft and automotive parts manufacturer. Results included the development of new products with Boeing's new airplane group's 777 design-build teams, improved global market penetration including Airbus' A330/340 widebodies and significant new quality system approvals. In addition, he negotiated a new union contract that resulted in improved productivity and quality.

Earlier, Mr. Dienst was a strategy consultant at Booz, Allen & Hamilton, serving clients in consumer packaged goods and a variety of other industries. He also held several product management positions with Carnation Company and Nestlé.

Mr. Dienst holds an M.B.A. with distinction from the Harvard Business School and a bachelor's degree with honors in Managerial Economics from the University of California at Davis.

PJ Nora, Partner

PJ Nora co-founded KCA in 1993 with Sedge Dienst. PJ worked with former colleagues in the media industry to identify and acquire a troubled unit of a public parent, resulting in KCA's first platform acquisition. Later, PJ worked to create the Engineered Plastics platform, first acquiring Trico Plastics from its founders, and then structuring a buyout of both the equity and inter-partner debt in US Thermoplastics. Working with the management of KCA's portfolio company Apex Medical, PJ led the team that acquired Carex, a Newell Rubbermaid divestiture. He also took an active role in the wind down of Carex's Mexican affiliate including substantial negotiations with Carex's Mexican workers union, as the manufacturing was moved out of Mexico. In the building of Van's International Foods, Mr. Nora worked closely with management to finance and execute its operational strategy, building a new factory running state-of-the-art customized ovens and freezers, dramatically reducing costs. Mr. Nora sits on the boards of all KCA portfolio companies, focusing on strategy development, finance and acquisitions.

Prior to founding KCA, Mr. Nora was a founding member of one of Wall Street's preeminent restructuring groups. At Smith Barney Shearson and previously with Drexel Burnham Lambert, he structured and negotiated transactions including exchange offers, pre-packaged bankruptcies and specialized M & A. Previously, Mr. Nora was a senior consultant with Arthur Andersen Consulting (now Accenture) developing strategic information systems.

Mr. Nora holds an M.B.A. from the Harvard Business School and a bachelor's degree in Human Biology from Stanford University.
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