Kainos Capital co-founder alleges 'frat house' culture amid plot to steal stake

Had anyone dealt with Kainos before?

‘The blockbuster suit levies a host of allegations against Kainos co-founders Andrew Rosen and Robert Sperry, as well as chief financial officer David Knickel, including that they attempted to "steal" Bradley's 25% stake in the firm's investment manager and that they turned Kainos "into a frat house," replete with "forced overconsumption of alcohol and general debauchery," along with "shaming and coercion" of anyone who pushed back. Bradley alleges that she was "groped by a drunken Kainos executive" at a firm retreat in 2014 after what the suit describes as "dangerous levels of drinking."’

 

What was unique about their approach? And what was interesting about what they did with SlimFast? Not really up to date on MM PE, but just remember seeing Kainos in another thread about Dallas PE... and if I recall correctly, they were recognized as a good shop?

EDIT: did a search, saw this mention on Kainos:

Bullet-Tooth Tony:
...Kainos has done alright, but the culture is meh IMO (stories from execs that had issues with one of the partners at HM and at Kainos). Spun out of HM to focus solely on consumer, particularly food...
 
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kanon:
What was unique about their approach? And what was interesting about what they did with SlimFast? Not really up to date on MM PE, but just remember seeing Kainos in another thread about Dallas PE... and if I recall correctly, they were recognized as a good shop?

EDIT: did a search, saw this mention on Kainos:

Bullet-Tooth Tony:
...Kainos has done alright, but the culture is meh IMO (stories from execs that had issues with one of the partners at HM and at Kainos). Spun out of HM to focus solely on consumer, particularly food...

They were food specialists, of which there are only a couple of shops. There are far more consumer focused funds, but they were solely dedicated to the food segment. My previous comment was less in regards to internal exec troubles (though that seems to be the case as well), but rather port co. execs that have issues and turmoil with the funds' partners.

 

"forced overconsumption of alcohol" lol I'm sure they forced her to drink copious amounts of alcohol

"The suit alleges the three men misrepresented the conversion document, saying it would not change Bradley's stake in Kainos, and told Bradley she had to sign the agreement immediately to prevent a delay in closing the firm's second flagship fund. The suit alleges the three men misrepresented the conversion document, saying it would not change Bradley's stake in Kainos, and told Bradley she had to sign the agreement immediately to prevent a delay in closing the firm's second flagship fund. "

Lol, hire a lawyer with something like this? sorry lady

 

m8 - On the other hand, she worked for them for 3 years after signing said document, raising two later funds? Pretty hard to argue she wasn't aware within the 3 years (the lawsuit isn't very convincing that she wasn't aware and is vaguely social-justice oriented, complaining they threatened her livelihood)

But back on her side, they managed to name two important entities the exact same thing. Pretty clear they were trying to keep things relatively hard to decipher

 

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