Michael Sifton and Josef Prosperi join Beringer Capital as managing partners
Mr. Sifton has had a distinguished 20-year career in the newspaper publishing business. He was President & CEO of family-owned Armadale Communications from 1988 to 1996. From 1996 to 2001 he held various positions, including President, at Hollinger Canadian Newspapers.
Most recently he was President & CEO of Osprey Media from its formation in 2001 until August 2007 when it was acquired by Sun Media. He was appointed President & CEO of Sun Media, a position he held until November 2008. At Osprey and Sun Media Mr. Sifton led transformational change that created operational efficiencies and competitive advantage.
Mr. Prosperi has over 10 years of investment experience in the North American media and consumer products sectors. Most recently he was a Director at Teachers' Private Capital, the private equity division of the Ontario Teachers' Pension Plan Board.
During his time at Teachers', the private equity group grew significantly to become one of the largest and most highly regarded private equity teams in North America. ■