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Mansa Capital Appoints Healthcare Finance & Private Equity Veteran, James Renna, as Operating Partner and Head of the Firm's Operations & Advisory Group
[February 07, 2013]

Mansa Capital Appoints Healthcare Finance & Private Equity Veteran, James Renna, as Operating Partner and Head of the Firm's Operations & Advisory Group

BOSTON --(Business Wire)--

Mansa (News - Alert) Capital Management, LLC, a Boston-based private equity firm focused on growth equity investments in the $2.5 trillion healthcare sector, announced today that it has appointed James Renna as Operating Partner and head of the Mansa Operations and Advisory Group. Renna joins Mansa from Steward Health Care, LLC, New England's largest community-based hospital network with $2.5B in revenues and 18K employees, where he was executive vice president and chief financial officer. Earlier, Renna was a senior operation/finance executive with Cerberus Capital, a PE firm with more than $20B in capital under management. At Mansa, Renna will utilize his experience in healthcare finance, capital management and operations to identify and fund innovative healthcare companies with high-growth potential. Jim will also provide management and operational support to ensure growth and operational goals are met for each portfolio company.

Mansa Capital has appointed James Renna as Operating Partner and head of the Mansa Operations and Ad ...

Mansa Capital has appointed James Renna as Operating Partner and head of the Mansa Operations and Advisory Group. (Photo: Business Wire)

"We're thrilled to have Jim on-board. He's a powerhouse with the right combination of experience and achievements both in healthcare and in PE," said Mansa Managing Partner and CIO, Ruben J. King-Shaw Jr. "Given his track record, we look forward to having Jim work with us to identify sources of capital for innovative healthcare businesses and assist the managers of our portfolio companies to optimize performance, maximize returns and manage risk for our investors."

Prior to Mansa, Renna was Steward Health Care's EVP and CFO. There, he helped finance and integrat six acquisitions nearly doubling the company's footprint. He led numerous financings and asset monetizations totaling over $350M, which funded the company's ambitious growth goals and centralization of all back office functions.

Earlier, Renna was a Cerberus Capital Senior Operating/Finance Executive, where he was responsible for the governance and oversight of seven controlled portfolio companies, primarily in the sectors of Biotech, Pharma and healthcare services, with a combined EBITDA of $1B. He was instrumental in an international carve-out and business-building exercise that led to a 22x return and award for "PE Deal of the Decade." He helped to execute billions in financing/refinancing (i.e. common equity, public/private debt, and revolving credit facilities), one deal of which led to "Debt Deal of 2009." Renna also assisted in building one business from its infancy with a $30M investment, which sold for 13x in four years.

"Renna will identify opportunities consistent with Mansa Capital's investment strategy. He will also develop and conduct due diligence assessments and participate in fundraising," added King-Shaw, who previously served as Senior Advisor to the Secretary of the U.S. Treasury, and earlier was COO and Deputy Administrator of the Centers for Medicare and Medicaid Services. "I also look forward to Jim playing a key role as a member of our Investment and Management Committees."


Mansa Capital aggressively seeks out high-growth investment opportunities in healthcare IT, distribution services, and care management. Companies with innovative approaches to contain costs while improving clinical outcomes are at the center of its investment strategy. The firm is particularly interested in healthcare companies meeting the needs of Urban and Hispanic populations. Mansa looks for companies with up to $150M in enterprise value, and seeks to make investments ranging from $5M to $10M.

"After many years in finance, including roles in healthcare, and working with more established corporations and investment firms where I specialized in streamlining operations, growing companies and maximizing returns, I'm eager to join Mansa where I can contribute to growing its debut fund," said Operating Partner, James Renna. "The firm's focus is timely given the immense opportunities provided by implementation of the Affordable Care Act. There is an increasing need for innovative technologies and culturally-sensitive preventative care services, and Mansa is well-positioned to lead the way."

About Mansa Capital
Mansa Capital is a Boston private equity firm focused on growth equity investments within the $2.5 trillion healthcare sector. Prior to launching its debut Healthcare Fund I, the firm used its expertise in healthcare policy and economics to help management grow top line revenues and develop new products that build exceptional value. Mansa Capital's principals bring to the firm extensive expertise in healthcare operations, marketing and finance including senior-level experience in healthcare compliance, regulation and reimbursement. The team has distinctive knowledge in the early identification of innovative business models that enable patients and providers to thrive in the post-healthcare reform environment. The firm also has special insights in the largely untapped Hispanic healthcare market. www.MansaCapital.com


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