Midas Atlantic is a private investment group investing in turnarounds, complex transactions, and special situations throughout the middle market in need of a bespoke solution.
Our focus is on carve-outs/divestitures from corporate sellers that require operational and financial turnaround. We look to drive sustainable value creation across our investments by leveraging a deep bench of operators specific to the opportunity at hand.
Our investment philosophy rests on four distinct pillars, jointly forming our unique approach to transactions.
Our focus is on carve-outs/divestitures from corporate sellers that require operational and financial turnaround. We look to drive sustainable value creation across our investments by leveraging a deep bench of operators specific to the opportunity at hand.
Our investment philosophy rests on four distinct pillars, jointly forming our unique approach to transactions.
Origination
Risk pricing
Financing & monetization
Operational value add
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About us
The opportunities we invest in are often marked by similar challenges & opportunities:
Carve-out complexities, restricted management autonomy on target-level, operating in a non-core geography and operational value-add potential
Carve-out complexities, restricted management autonomy on target-level, operating in a non-core geography and operational value-add potential
Moderately profitable and loss making
Up to $3bn of revenue
Clear value creation potential
Industry agnostic: opportunity driven
Control investments
Geography agnostic: focus on US and Europe
Investment criteria
We invest across three types of scenarios that are consistent with our investment criteria
Carve-Outs/Divestitures
Highly integrated or standalone units considered non-core by its public/private corporate parent
Turnarounds
Underperforming businesses in transition, undergoing temporary stress/distress
Complex & Special Situations
Orphaned businesses, succession solutions, shareholder disputes, opaque jurisdictions
Transaction types
© 2024 Midas Atlantic Partners. All rights reserved
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Elin has spent his career in private equity investing, where he has executed on both growth and value/special situations strategies.
Prior to founding Midas Atlantic, Elin led investments at a private investment company, where he was responsible for both sourcing and managing corporate carve-out transactions across the US and Europe.
Previously, Elin was an Investment Banker at Cascadia Capital, a middle-market independent advisory firm. Elin started his career at LLR Partners, a lower middle-market private equity fund.
Elin graduated from the University of Michigan with a Bachelor of Science in Biochemistry, with a minor in Applied Statistics. He possesses fluency in English and Bulgarian.
Prior to founding Midas Atlantic, Elin led investments at a private investment company, where he was responsible for both sourcing and managing corporate carve-out transactions across the US and Europe.
Previously, Elin was an Investment Banker at Cascadia Capital, a middle-market independent advisory firm. Elin started his career at LLR Partners, a lower middle-market private equity fund.
Elin graduated from the University of Michigan with a Bachelor of Science in Biochemistry, with a minor in Applied Statistics. He possesses fluency in English and Bulgarian.
Elin Eugeniev
Founding Partner
Philip has over 10 years of experience investing in private markets with a focus on carve-outs/divestitures and special situations as well as investment banking.
Prior to founding Midas Atlantic, Philip built out the investment team at a private investment company focused on investing in carve-out opportunities and led investments in the US and Europe.
Previously, Philip worked in investment banking at J.P. Morgan in London covering Northern and Emerging Europe. Previously he worked at Deutsche Bank in London and Carnegie Investment Bank in Oslo and Stockholm.
Philip graduated from the University of Southampton with a Bachelor of Science (BSc) in Management. He possesses fluency in English, German, Swedish and Norwegian.
Prior to founding Midas Atlantic, Philip built out the investment team at a private investment company focused on investing in carve-out opportunities and led investments in the US and Europe.
Previously, Philip worked in investment banking at J.P. Morgan in London covering Northern and Emerging Europe. Previously he worked at Deutsche Bank in London and Carnegie Investment Bank in Oslo and Stockholm.
Philip graduated from the University of Southampton with a Bachelor of Science (BSc) in Management. He possesses fluency in English, German, Swedish and Norwegian.
Philip Frossling
Founding Partner
Francois has over 15 years of experience in private equity, alternative investments, entrepreneurship and special situations investing.
Prior to founding Midas Atlantic, Francois managed several investment businesses including Argenthal Capital Partners, a special situations investor focused on structured private equity and real estate transactions in the US and Europe.
In 2006, he founded Argenthal Group, an investment company focused on financial services, technology and real estate where he closed over $ 1bn worth of special situations investments as lead investor.
Francois graduated from Ecole Polytechnique with a MSc in Technology & Innovation and also holds a MSc in Corporate Strategy & Finance from ESCP. He possesses fluency in English, French, German and Italian.
Prior to founding Midas Atlantic, Francois managed several investment businesses including Argenthal Capital Partners, a special situations investor focused on structured private equity and real estate transactions in the US and Europe.
In 2006, he founded Argenthal Group, an investment company focused on financial services, technology and real estate where he closed over $ 1bn worth of special situations investments as lead investor.
Francois graduated from Ecole Polytechnique with a MSc in Technology & Innovation and also holds a MSc in Corporate Strategy & Finance from ESCP. He possesses fluency in English, French, German and Italian.
Francois Garcin
Founding Partner
Louis has over 10 years investing experience across both private and public markets with a focus on value investing and special situations.
Prior to founding Midas Atlantic, Louis built out the investment team at a private investment company focused on investing in carve-out opportunities and led investments in the US and Europe.
Previously, Louis was a Partner at Edengen, an investment manager focused on value and special situation opportunities across both public and private markets. Louis started his career as a Trader at Citigroup in London covering global institutional clients and special situations.
Louis graduated from the University of Southampton with a Bachelor of Science (BSc) in Economics and Management Sciences.
Prior to founding Midas Atlantic, Louis built out the investment team at a private investment company focused on investing in carve-out opportunities and led investments in the US and Europe.
Previously, Louis was a Partner at Edengen, an investment manager focused on value and special situation opportunities across both public and private markets. Louis started his career as a Trader at Citigroup in London covering global institutional clients and special situations.
Louis graduated from the University of Southampton with a Bachelor of Science (BSc) in Economics and Management Sciences.
Louis Hashtroudi
Founding Partner
Privacy Policy
Midas Equity Opportunities LLC (“Midas Atlantic”, “we” “us” or “our”, as applicable) respect your privacy and are committed to protecting it through our compliance with this policy. We are a limited liability company established in the United States with our corporate office at 8 The Green, Suite A, Dover, DE 19901, United States
This policy describes the types of information we may collect from you or that you may provide when you visit the website www.midasatlantic.com (our “Website”) and our practices for collecting, using, maintaining, protecting, and disclosing that information.
The following privacy policy is designed to inform you, as a user of the Website, of the types of information that we collect from you in connection with your use of the Website, and how that information will be used. Please read this policy carefully so that you understand your rights in relation to your Personal Information, and how your Personal Information and usage information will be collected, used and processed by us. If you do not agree with this Privacy Policy in general or any part of it, you should not access the Website.
This policy only governs your activities on the Website, and it does not govern activities that are “offline” or unrelated to the Website. Please take a moment to review our policies and practices described below.
By visiting our Website, you accept these policies and practices.
1. Personal Information
“Personal Information” means information, regardless of the media in which is contained, that is or can be uniquely associated with an identified or identifiable individual, such as name, email address or phone number, account number or account information.
Midas Atlantic will collect Personal Information about you through our Website or other means (using direct email, an email notification or information request, the Contact Us page or when applying for an open role) and submit such information. For example, you may provide your name, company name, address, institution, city, state, zip/postal code, country, email address, phone number, fax number, and any other information that you choose to provide to us in your subject line and message.
Investor Portal
Registered investors and representatives of investors may access our investor portal, which is a private section of our Website.
Newsletters
Where you sign up to receive email notifications from us on our Website, we will send the communications that you have requested (including information about corporate events, press releases, presentations and company documents). You can opt-out of receiving such communications at any time by contacting us as detailed under section 14 below.
2. Gathering and Use of Technical Usage and Personal Information
Like most website operators, we gather technical usage information that web browsers, depending on their settings, make available. As it is in our legitimate interests to be responsive to you and to ensure the proper functioning of our products and organization, we may use the information collected from our users to:
• personalize our Website for you to ensure content from the Website is presented in the most effective manner for you and your device;
• allow the user to navigate or browse through the Website quickly and efficiently;
• improve user experience, such as by personalizing content to the user’s interests;
• monitor and analyze trends, usage and activity in connection with our Website and services to improve the Website;
• administer the Website and for internal operations, in order to conduct troubleshooting, data analysis, testing, research, statistical and survey analysis;
• keep the Website safe and secure;
• measure and understand the effectiveness of the content we serve to you and others, including developing reports regarding pages visited. In this case, Personal Information is used in aggregate form, and does not reveal the Personal Information of a particular user;
• verify the user’s eligibility to access the restricted areas of our Website; and
• provide users with customer support.
3. Cookies
We and/or our Website provider also collect information relating to whether you have accessed this Website before and the time of your last visit. This is accomplished through cookies placed on your computer.
What are cookies?
A cookie is a piece of information that a website stores on a user’s computer, and that the user’s browser provides to the website each time the user submits a query to the website using that browser.
When you access our Website, our Website places cookies on your computer. A cookie allows us to determine that a visit has occurred within our site, as well as which pages were viewed. Through cookies, we collect your Internet Protocol (“IP”) address, operating system and browser type, and the locations of the web pages you view right before arriving at, while navigating and immediately after leaving the Website.
How can I manage cookies?
You can decide if and how your computer will accept cookies by configuring the preferences option within your web browser, using the instructions provided in your browser. If you choose to decline cookies, however, some of the functionality of this Website might be impaired.
How does Midas Atlantic use cookies?
We and/or our Website provider use the information collected through cookies to see how users move around the website, see which pages you view, information you search for, the average time spent on our Websites, and statistical information about Website visits to better understand our audience and its interests, and to increase the functionality and user-friendliness of our site. You can find more information about cookies and how to manage them at http://www.allaboutcookies.org/.
Further, if you log into the private section of our Website, through the Investor Portal, your navigation is separately tracked within a session identification number within that section of our Website through use of an additional cookie.
4. To What Third Parties Do We Disclose your Personal Information?
We may share your information with selected recipients. These categories of recipients include:
•Service providers to perform certain services on our behalf such as:
•to process and store data, including your Personal Information;
•to track, analyze, and modify our website;
•for marketing, advertising, and distribution;
•to assist us in providing you with customer support; and
•to support our IT and security efforts.
We require that our service providers do not sell, transfer or use your Personal Information gathered on this website other than in accordance with this Privacy Policy.
Fraud Prevention
We may disclose user information when we believe disclosure is necessary to investigate, prevent, or respond to suspected illegal or fraudulent activity; to protect the safety, rights, or property of the company, and of its users, or others; or to exercise or protect legal rights or defend against legal claims.
Law Enforcement and Litigation
To the extent permitted by law, any information collected over our Website or concerning its use may be disclosed to government authorities or third parties pursuant to a legal or regulatory request, subpoena, or other legal process. We may also use or disclose your information as permitted by law to protect the rights or property of Midas Atlantic, our customers, our Website, its users, or third parties, or when we otherwise believe in good faith that the law requires it.
Change in Corporate Control
If Midas Atlantic incurs a corporate change in control resulting from, for example a sale to, or merger with, another entity, or if all or a portion of its assets are sold, Midas Atlantic reserves the right to transfer your Personal Information to the new party in control or the party acquiring assets.
5. Links to Third Party Sites
Third parties are under no obligation to comply with this Privacy Policy if you provide information directly to those third parties. Midas Atlantic neither owns nor controls third-party websites accessible through the Website. Therefore, before visiting a third-party website and before providing any Personal Information or other information to any third party, users should inform themselves of the privacy policies and practices (if any) of the third party responsible for that website, and should take those steps necessary to protect their privacy.
6. How Do We Protect Information Collected on This Site?
We consider the Personal Information we collect to be confidential. If you submit your e-mail address or other Personal Information to us via our Website while requesting information or contacting someone at Midas Atlantic, or by registering and logging in to the private section of the Website, we will use this information only to the extent necessary to respond to your request(s) and as discussed below.
We have established certain reasonable electronic and administrative safeguards and take reasonable precautions to protect the Personal Information in our possession from loss, misuse, and unauthorized access, disclosure, alteration and destruction. Midas Atlantic does not warrant or represent that this level of security meets or exceeds any particular standard.
You should keep in mind that no Internet transmission is ever 100% secure or error- free due to the inherent nature of the Internet as an open global communications vehicle and we cannot guarantee that information, during transmission through the Internet or while stored on our system or otherwise in our care, will be absolutely safe from unauthorized intrusion by third parties, such as hackers.
While we strive to protect visitors’ Personal Information, we cannot ensure or warrant the security of any information visitors transmit to us, and visitors do so at their own risk.
7. Children
This Website is not intended for users under the age of 16. We do not knowingly collect any Personal Information from children under 16. If we become aware that an individual submitting information is under 16, we will attempt to delete the information as soon as possible.
8. Changes to This Privacy Policy
We reserve the right, in our sole discretion, to modify, alter or otherwise update this policy at any time and you agree to be bound by such modifications, alterations or updates. We will notify you of material changes to this privacy policy by posting the revised policy with the date it was revised on this page. Any revised Privacy Policy will apply only to information collected after such time as the revised Privacy Policy takes effect, and not to information collected under any earlier Privacy Policies. We encourage you to periodically review this privacy statement to stay informed about any changes to this Privacy Policy.
9. How Can You Contact Us?
If you would like to contact us about this policy or our Website, please reach out to us via info@midasatlantic.com.
This policy describes the types of information we may collect from you or that you may provide when you visit the website www.midasatlantic.com (our “Website”) and our practices for collecting, using, maintaining, protecting, and disclosing that information.
The following privacy policy is designed to inform you, as a user of the Website, of the types of information that we collect from you in connection with your use of the Website, and how that information will be used. Please read this policy carefully so that you understand your rights in relation to your Personal Information, and how your Personal Information and usage information will be collected, used and processed by us. If you do not agree with this Privacy Policy in general or any part of it, you should not access the Website.
This policy only governs your activities on the Website, and it does not govern activities that are “offline” or unrelated to the Website. Please take a moment to review our policies and practices described below.
By visiting our Website, you accept these policies and practices.
1. Personal Information
“Personal Information” means information, regardless of the media in which is contained, that is or can be uniquely associated with an identified or identifiable individual, such as name, email address or phone number, account number or account information.
Midas Atlantic will collect Personal Information about you through our Website or other means (using direct email, an email notification or information request, the Contact Us page or when applying for an open role) and submit such information. For example, you may provide your name, company name, address, institution, city, state, zip/postal code, country, email address, phone number, fax number, and any other information that you choose to provide to us in your subject line and message.
Investor Portal
Registered investors and representatives of investors may access our investor portal, which is a private section of our Website.
Newsletters
Where you sign up to receive email notifications from us on our Website, we will send the communications that you have requested (including information about corporate events, press releases, presentations and company documents). You can opt-out of receiving such communications at any time by contacting us as detailed under section 14 below.
2. Gathering and Use of Technical Usage and Personal Information
Like most website operators, we gather technical usage information that web browsers, depending on their settings, make available. As it is in our legitimate interests to be responsive to you and to ensure the proper functioning of our products and organization, we may use the information collected from our users to:
• personalize our Website for you to ensure content from the Website is presented in the most effective manner for you and your device;
• allow the user to navigate or browse through the Website quickly and efficiently;
• improve user experience, such as by personalizing content to the user’s interests;
• monitor and analyze trends, usage and activity in connection with our Website and services to improve the Website;
• administer the Website and for internal operations, in order to conduct troubleshooting, data analysis, testing, research, statistical and survey analysis;
• keep the Website safe and secure;
• measure and understand the effectiveness of the content we serve to you and others, including developing reports regarding pages visited. In this case, Personal Information is used in aggregate form, and does not reveal the Personal Information of a particular user;
• verify the user’s eligibility to access the restricted areas of our Website; and
• provide users with customer support.
3. Cookies
We and/or our Website provider also collect information relating to whether you have accessed this Website before and the time of your last visit. This is accomplished through cookies placed on your computer.
What are cookies?
A cookie is a piece of information that a website stores on a user’s computer, and that the user’s browser provides to the website each time the user submits a query to the website using that browser.
When you access our Website, our Website places cookies on your computer. A cookie allows us to determine that a visit has occurred within our site, as well as which pages were viewed. Through cookies, we collect your Internet Protocol (“IP”) address, operating system and browser type, and the locations of the web pages you view right before arriving at, while navigating and immediately after leaving the Website.
How can I manage cookies?
You can decide if and how your computer will accept cookies by configuring the preferences option within your web browser, using the instructions provided in your browser. If you choose to decline cookies, however, some of the functionality of this Website might be impaired.
How does Midas Atlantic use cookies?
We and/or our Website provider use the information collected through cookies to see how users move around the website, see which pages you view, information you search for, the average time spent on our Websites, and statistical information about Website visits to better understand our audience and its interests, and to increase the functionality and user-friendliness of our site. You can find more information about cookies and how to manage them at http://www.allaboutcookies.org/.
Further, if you log into the private section of our Website, through the Investor Portal, your navigation is separately tracked within a session identification number within that section of our Website through use of an additional cookie.
4. To What Third Parties Do We Disclose your Personal Information?
We may share your information with selected recipients. These categories of recipients include:
•Service providers to perform certain services on our behalf such as:
•to process and store data, including your Personal Information;
•to track, analyze, and modify our website;
•for marketing, advertising, and distribution;
•to assist us in providing you with customer support; and
•to support our IT and security efforts.
We require that our service providers do not sell, transfer or use your Personal Information gathered on this website other than in accordance with this Privacy Policy.
Fraud Prevention
We may disclose user information when we believe disclosure is necessary to investigate, prevent, or respond to suspected illegal or fraudulent activity; to protect the safety, rights, or property of the company, and of its users, or others; or to exercise or protect legal rights or defend against legal claims.
Law Enforcement and Litigation
To the extent permitted by law, any information collected over our Website or concerning its use may be disclosed to government authorities or third parties pursuant to a legal or regulatory request, subpoena, or other legal process. We may also use or disclose your information as permitted by law to protect the rights or property of Midas Atlantic, our customers, our Website, its users, or third parties, or when we otherwise believe in good faith that the law requires it.
Change in Corporate Control
If Midas Atlantic incurs a corporate change in control resulting from, for example a sale to, or merger with, another entity, or if all or a portion of its assets are sold, Midas Atlantic reserves the right to transfer your Personal Information to the new party in control or the party acquiring assets.
5. Links to Third Party Sites
Third parties are under no obligation to comply with this Privacy Policy if you provide information directly to those third parties. Midas Atlantic neither owns nor controls third-party websites accessible through the Website. Therefore, before visiting a third-party website and before providing any Personal Information or other information to any third party, users should inform themselves of the privacy policies and practices (if any) of the third party responsible for that website, and should take those steps necessary to protect their privacy.
6. How Do We Protect Information Collected on This Site?
We consider the Personal Information we collect to be confidential. If you submit your e-mail address or other Personal Information to us via our Website while requesting information or contacting someone at Midas Atlantic, or by registering and logging in to the private section of the Website, we will use this information only to the extent necessary to respond to your request(s) and as discussed below.
We have established certain reasonable electronic and administrative safeguards and take reasonable precautions to protect the Personal Information in our possession from loss, misuse, and unauthorized access, disclosure, alteration and destruction. Midas Atlantic does not warrant or represent that this level of security meets or exceeds any particular standard.
You should keep in mind that no Internet transmission is ever 100% secure or error- free due to the inherent nature of the Internet as an open global communications vehicle and we cannot guarantee that information, during transmission through the Internet or while stored on our system or otherwise in our care, will be absolutely safe from unauthorized intrusion by third parties, such as hackers.
While we strive to protect visitors’ Personal Information, we cannot ensure or warrant the security of any information visitors transmit to us, and visitors do so at their own risk.
7. Children
This Website is not intended for users under the age of 16. We do not knowingly collect any Personal Information from children under 16. If we become aware that an individual submitting information is under 16, we will attempt to delete the information as soon as possible.
8. Changes to This Privacy Policy
We reserve the right, in our sole discretion, to modify, alter or otherwise update this policy at any time and you agree to be bound by such modifications, alterations or updates. We will notify you of material changes to this privacy policy by posting the revised policy with the date it was revised on this page. Any revised Privacy Policy will apply only to information collected after such time as the revised Privacy Policy takes effect, and not to information collected under any earlier Privacy Policies. We encourage you to periodically review this privacy statement to stay informed about any changes to this Privacy Policy.
9. How Can You Contact Us?
If you would like to contact us about this policy or our Website, please reach out to us via info@midasatlantic.com.