Progress Partners

Investment Banking

Progress Partners is a boutique investment firm based in Boston and New York City providing financial advisory services to companies in media, marketing, advertising, and software.

Ted Arnstein

Ted Arnstein is the founder and managing director of Variant Associates, LLC, a strategic advisory firm based in Boston. He has been involved with tech and tech-enabled companies for the past 20 years, first as an investment banker with Goldman Sachs and Deutsche Bank, and subsequently as a senior corporate development executive with several leading companies. At each stop along the way, Ted has focused on linking M&A tightly with strategy and implementing best practices throughout the entire M&A lifecycle to ensure the highest likelihood of successful outcomes.

Prior to founding Variant Associates, Ted was Senior Vice President of Corporate Development at Cimpress (NASDAQ: CMPR), the parent company of Vistaprint and other leading online mass-customization brands. While at Cimpress, he was responsible for acquisitions that constituted 20% of the company’s revenue and led the strategy and execution of Cimpress’ entry into the promotional products market with the acquisition of National Pen. 

Before joining Cimpress, Ted was Senior Vice President of Corporate Development at Sensata Technologies (NYSE: ST), one of the largest providers of highly engineered sensor solutions to the global transportation, industrial and aerospace markets, and a Bain Capital portfolio company that had recently gone public. Previously, Ted held the same position while living in The Netherlands with NXP Semiconductors (NASDAQ: NXPI), a division of Philips that was acquired by KKR, Bain Capital, Silver Lake Partners and Apax in a $10 billion LBO.  At NXP, Ted helped engineer a major restructuring of the business into a global leader in high performance mixed-signal integrated circuits with over $4 billion in worldwide sales, enabling a successful IPO.

Over the course of his career, which included nearly 10 years as an investment banker, Ted has completed over $7.5 billion in transactions, including more than 35 mergers, acquisitions, divestitures, joint ventures and other structured transactions as well as several public and private strategic financings. Ted holds a BA from the University of Michigan, an MA from The Johns Hopkins University/SAIS and an MBA from the Kellogg School of Management at Northwestern University.

Progress Partners, Inc. © 2002-2018

50 Milk Street, 16th Floor, Boston, MA 02109  |  Empire State Building, 62nd Floor, New York, NY 10118 | (617) 401-2700

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