Peppertree Capital Management, Inc.

Investing in the
future of
communication
infrastructure.

 

About Us

Peppertree Capital Management, Inc. is a private equity firm focused on making investments in growing communication infrastructure companies, both in the United States and internationally.

Peppertree’s core investment thesis is that the demand for data will overwhelm the wireless networks for the foreseeable future. Our mission is to discover ways to capitalize on that thesis, including by investing in companies that own the towers, the wireless spectrum and the fiber networks that make your mobile phone work.

Peppertree was formed in 2004 and is currently investing out of its sixth private equity fund and an evergreen debt fund. Peppertree has nearly $1B under management and has made more than 60 investments in communication infrastructure companies in 10 countries. Roughly 90% of our capital is from institutional investors including insurance companies and university endowments.

In addition to sponsoring tower, DAS and communication rooftop developers, fiber network operators and spectrum auction participants, Peppertree seeks investments in real estate related to its areas of focus, non-telecom infrastructure projects and other businesses and assets with contractually recurring revenue.

Investment Profile

Peppertree is primarily a growth equity investor, but we are willing to consider other types of transactions as well as investments structured at any place in the capital stack.

Unlike most capital sources, we are willing to provide as little as $2M to companies that have potential. We have also provided in excess of $100M to companies that continue to grow. Our style is hands-on and patient.

$1B Under Management
>60 Investments Since
2004

Our Team

Experience, focus and consistency matter. Peppertree’s team has been operating and investing in communication infrastructure companies since 1997. The Co-Presidents have been partners since Peppertree’s inception in 2004.

We have a rigorous expectation of excellence. Our team is comprised of high integrity people with outstanding academic and operating credentials.

Ryan Lepene

Co-President 440.528.0328

Ryan is Co-President of Peppertree Capital Management, Inc. Prior to joining Peppertree, he worked in investment banking with both Salomon Smith Barney and Brown Gibbons Lang & Company. Previously, Ryan was employed by Lehman Brothers and PricewaterhouseCoopers.

Ryan earned his BS degree from The Ohio State University and his MBA from the Yale School of Management.

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F. Howard Mandel

Co-President 440.528.0330

Howard is Co-President of Peppertree Capital Management, Inc. Prior to forming Peppertree, he was a partner with Tregan Partners where he focused on telecommunications and media. Previously, Howard was a co-founder of OmniAmerica, Inc., one of the first publicly-held tower companies. Prior to the formation of OmniAmerica, he spent more than ten years as a transactional attorney with Thompson Hine LLP, the latter years as a partner.

Howard earned his BS degree from The Ohio State University and his JD from Cornell Law School.

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John Ranieri

Managing Director 440.528.0166

John is a Managing Director of Peppertree Capital Management, Inc. Prior to joining Peppertree, he served as Chief Financial Officer for each of Open Mobile (San Juan, Puerto Rico), Revol Wireless (Cleveland, OH), Affinity Internet (Fort Lauderdale, FL), and Redfern Broadband Networks (Sydney, Australia). John started his career in the Mergers & Acquisitions Department of Morgan Stanley.

John earned his BA degree at Dartmouth College and his MBA from The Wharton School of Business.

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Daniel Weiser

Principal 440.528.0337

Daniel is a Principal of Peppertree Capital Management, Inc. Prior to joining Peppertree, he was an investment professional at Magnetar Capital. Previously, Daniel was an investment banking analyst with Morgan Stanley.

Daniel earned his BSE in Industrial and Operations Engineering and MS in Financial Engineering, both from the University of Michigan.

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John (Jack) Gillette III

Vice President 440.528.0320

Jack joined Peppertree Capital Management, Inc. in 2012 after graduating from The Dyson School of Applied Economics and Management at Cornell University. After earning his MBA from The Kellogg School of Management at Northwestern University, Jack returned to Peppertree as a Vice President.

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Sean M. Lojek

Associate 440.528.0290

Sean joined Peppertree Capital Management, Inc. in 2013. Previously, he was a Business Technology Analyst with Deloitte Consulting.

Sean earned his BS degree from Case Western Reserve University in Management with a Concentration in Finance.

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Rosie Varela

Associate 440.528.0161

Rosie joined Peppertree Capital Management, Inc. in 2014 after receiving her MBA from the Weatherhead School of Management at Case Western Reserve University.

Prior to attending graduate school, Rosie worked for both Millicom International Cellular (operator of the Tigo wireless brand) and America Movil (operator of the Claro wireless brand) in Central America.

She had previously earned her Bachelors of Business degree from the Catholic University of Honduras.

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Grant Cohen

Analyst 440.528.0340

Grant joined Peppertree Capital Management, Inc. in 2016 as an Analyst after graduating from The Dyson School of Applied Economics and Management at Cornell University.

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Nick Andresen

Analyst 440.528.0170

Nick joined Peppertree Capital Management, Inc. in 2016 as an Analyst after graduating from Yale University with a BA in Economics.

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Cynthia L. Debevec

CFO 440.528.0338

Cyndi became Chief Financial Officer of Peppertree Capital Management, Inc. in 2010. Prior to joining Peppertree, Cyndi served for eight years as Chief Financial Administrator for the Ohio and Vicinity Regional Council of Carpenters. Prior thereto, she spent more than 10 years with Deloitte & Touche LLP where she rose to the level of Senior Manager, Assurance and Advisory Services.

Cyndi holds an MBA from Lake Erie College and a BA in Accounting from Notre Dame College. She was awarded the Certified Public Accounting designation in 1993 and currently holds a CPA license issued by the Accountancy Board of Ohio. Cyndi is a member of the American Institute of Certified Public Accountants and the Ohio Society of Certified Public Accountants.

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Diane S. Leung

General Counsel 440.528.0336

Diane is general counsel of Peppertree Capital Management, Inc. Prior to joining Peppertree, she was a transactional attorney for more than 20 years at Thompson Hine LLP and focused her practice on the financing and acquisition of telecommunication and real estate assets.

Diane received her BA degree from the College of Wooster, her MLS from Kent State University, and her JD from Cleveland Marshall College of Law.

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Mianne Hess

Controller 440.528.0285

Mianne joined Peppertree Capital Management, Inc. as the Controller in 2016. Prior to joining Peppertree, Mianne spent more than 16 years with Selman & Company, LLC rising to the level of Controller. She began her career in public accounting.

Mianne earned her BS in Accounting from Canisius College in Buffalo, New York. She was awarded the Certified Public Accounting designation, in New York State, in 2002 and currently holds a CPA license issued by the Accountancy Board of Ohio. Mianne is a member of the Ohio Society of Certified Public Accountants.

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Janet K. McGee

Controller – Portfolio Companies 440.528.0176

Janet joined Peppertree Capital Management, Inc. as the Controller – Portfolio Companies in 2014. Prior to joining Peppertree, Janet spent five years as a Business Unit Controller at Avery Dennison and 12 years with Rockwell Automation. She began her career with Deloitte & Touche.

Janet earned her BS degree in Accounting from Duquesne University in Pittsburgh in 1988. She earned the Certified Public Accountant designation in 1991 and currently holds an active CPA license. Janet is a member of the Ohio Society of Certified Public Accountants.

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Audrey Jackson

Controller – Portfolio Companies 440.528.0325

Audrey joined Peppertree Capital Management, Inc. as a Controller – Portfolio Companies in 2016. Prior to joining Peppertree, Audrey spent five years as the Controller at Joseph Industries Inc. and six years with FFR-DSI, Inc.

Audrey earned her BS in Accounting from Georgetown College in 1990. She earned the Certified Public Accountant designation in 2009 and currently holds an active CPA license. Audrey is a member of the Ohio Society of Certified Public Accountants.

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Pamela J. Prentice

Office Manager 440.528.0288

Pam has been Office Manager of Peppertree Capital Management, Inc. since 2007.

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Midwestern
values,
global reach.

Contact Us

86 West Street
Chagrin Falls, Ohio 44022

Phone: 440.528.0333
Fax: 440.528.0334

Email: info@peppertreecapital.com

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