NEW YORK – Behrman Capital rounded out its management ranks in November by adding Neil Sandler as a partner.
The former investment banker came from BancBoston Robertson Stephens, where he spent two years working on health care.
Mr. Sandler also will focus on health-care investments at Behrman, a later-stage venture and buyouts group, that has been trying to fill the position for a year.
Behrman offered the job to Mr. Sandler after he oversaw two of the firm’s recent health-care deals while working for Robertson Stephens, said Managing Director Darryl Behrman.
Mr. Sandler, who spent more than 15 years as an investment banker concentrating on health care, joined Robertson Stephens in 1996 and left as a managing director. Prior to that, he spent eight years at PaineWebber Inc., where he focused on health-care services and medical devices. He also worked for PaineWebber Development Corp., where he evaluated and oversaw venture investments. His experience includes stints in health-care-related investment banking at Drexel Burnham Lambert and Kidder, Peabody & Co.
As a partner at Behrman, Mr. Sandler will review many of the same kinds of deals he has seen over the years, but from a different perspective.
“This is something that I always saw myself doing,” he said of his transition to a private equity firm.
Founded in 1992, Behrman invests in health-care, outsourced manufacturing and information technology. The firm has offices in San Francisco and is headquartered in New York, where Mr. Sandler will be based.
Behrman was founded by brothers Darryl and Grant Behrman, who are managing partners. Mr. Sandler will help invest Behrman II, which closed in January 1997 on $518 million.