Byline Bank- The commercial services bank hired Jim Kuncl, Dan Delgadillo and Joe Horwath to start a new sponsor finance group that will focus on lending to private equity firms. The new hires are based in Chicago. Byline, located on Chicago,focuses on lower middle-market companies that have up to $10 million in Ebitda.
Clayton Dubilier & Rice- Russell Fradin will join the private equity firm in April 2016 as an operating partner. He was most recently the CEO of Sunguard Data Systems, which was recently acquired by Fidelity National Information Services Inc. (NYSE: FIS). The move comes as many private equity firms bring aboard executives with operational experience. For more, see Operating Partners Will Be More Important Than Ever and The Rise of the Operating Partner.