Who We Are
New Concord Capital is an operator-led private investment firm that specializes in acquiring and growing successful companies from transitioning business owners. We preserve owner’s legacy while driving growth and success.
New Concord Capital is fully capitalized and ready to make an appropriate acquisition.
What We Do
- Buy-Hold-Operate — We are operators and entrepreneurs with experience managing and growing private businesses. Our goal is to purchase one company, and to fully devote ourselves to its employees, customers and operation. We drive continued success through a buy-and-hold philosophy. Following acquisition, we will join the senior management team and play an active role in the day-to-day operations.
- Opportunity & Legacy — We provide business owners an attractive opportunity to sell their business with the confidence that their legacy and reputation will be preserved.
- Fully Capitalized — We are fully funded and agile, able to act with speed and efficiency.
Itamar Frankenthal is an experienced manager and engineer with over 15 years of experience in management, manufacturing, sales, finance, engineering and technology.
Family Cheese Business
Itamar is a fourth generation manufacturer of artisan cheeses. Starting with his great-grandfather, the Frankenthals have developed and manufactured fine cheeses in Europe, Asia and North America. Itamar grew up in his family’s business, Global Foods International. He spent his summers driving the forklift at the factory in Green Bay, Wisconsin, and fulfilling orders at the warehouse in Chicago, Illinois. For the past six years, Itamar has led multiple divisions as head of sales, marketing, manufacturing and operations. He has opened accounts with Whole Foods, Publix, Fairway and other national accounts, netting over $10M in revenue. Under Itamar’s leadership, sales grew by over 50% and margins grew by more than 5%.
Engineering and Technology
As an electrical and systems engineer at BAE Systems, Itamar developed next-generation algorithms for the United States Air Force F-15 radar system and counter missile defense systems for the Department of Homeland Security. At Match.com Itamar developed algorithms for member profiling and fraud detection.
Sales and Finance
As an analyst at Sanford Bernstein Alliance Capital and intern at IAC International, Itamar received comprehensive finance and sales experience. At AllianceBernstein, Itamar helped develop a patented Monte Carlo model used to analyze over $50B of investments. Itamar was also selected from 200 associates to the Advisor Training Program, where he underwent thorough training in sales and marketing.
- City University of New York, B.S. Electrical Engineering, summa cum laude
- New York University, Courant Institute of Mathematical Sciences, Quantitative Finance
- Harvard Business School, M.B.A., EC Honors
New Concord Capital is fully subscribed by experienced middle-market private equity investors and accomplished leaders with expertise in the financial management of smaller firms.
Richard S. Ruback is the Willard Prescott Smith Professor of Corporate Finance at the Harvard Business School. He is currently focusing his research in applied corporate finance, especially on corporate-control transactions and valuation. His course development work parallels his research interests; currently he teaches a second year course, Financial Management of Smaller Firms, and is the Unit Head of the Finance Department. Ruback earned his Ph.D. in business administration at the University of Rochester in 1980 and taught at MIT’s Sloan School before joining the HBS faculty. Ruback has served as an editor for the Journal of Financial Economics and has also served as a consultant to corporations on corporate finance issues.
Royce Yudkoff is a Senior Lecturer at the Harvard Business School and a General Partner and co-founder of ABRY Partners, LLC in Boston, MA. Royce currently co-teaches a course called Financial Management of Smaller Firms. In 1989, Royce co-founded ABRY Partners, a private equity firm focused on the media, communications and business and information services markets. Since 1989 the firm has completed over $27 billion of leveraged transactions and other private equity investments involving approximately 450 properties. Over this period Royce has also served on numerous private and public corporate boards. Royce graduated from the Harvard Business School in 1980 as a Baker Scholar and is an honors graduate of Dartmouth College.