Merrill Lynch’s private fund placement team is to spinout to launch Mercury Capital Advisors next month. The departure of the three executives, namely, Michael Ricciardi, Enrique Cuan and Alan Pardee, comes following the decision by Bank of America to wind down the placement business. Mercury Capital will comprise of 24 executives and be led by […]
PE firm recruits healthcare and financial services exec
Directorbank recruits German director
Marking the seventh addition to the firm’s operating programme in 2009, Advent International has recruited Michael McShane to focus on investment opportunities in the oil, gas and equipment sector. Prior to joining Advent, he was chairman and chief executive officer of stem manufacturer Grant Prideco for six years. Before Grant Prideco, McShane was the chief […]
Nordic investor CapMan has made three promotions to its 150-strong team following the recent closure of three of its funds. Hans Christian Dall Nygård and Joakim Rubin have been appointed as senior partners and Mari Maunula as fundraising manager. Dall Nygård was the former managing director of Russian private equity house Norum which was acquired […]
UK LBO powerhouse CVC Capital Partners has appointed two new members to its global financial institutions advisory board. Robert Jenkins and Jim Sutcliffe will be responsible for supporting CVC’s activities in the financial services sector. Jenkins is currently CEO and managing partner of hedge fund manager, Combinatorics Capital. He was previously CEO and chairman of […]
UK private equity and sustainable energy investor Foresight Group has appointed Diomidis Dorkofikis as investment manager. Based in the firm’s Rome office, Dorkofikis will be responsible for identifying new investment opportunities and managing Foresight’s existing solar portfolio. The newly appointed investment manager is a specialist in project financing and the renewable energy sector. He joins […]
Global private equity firm Advent International has recruited three technology specialists to its operating partner programme. Richard Atkins, Sergio Giacoletto and John Hughes will advise the firm on investment opportunities in the technology and telecoms sector. The three recruits will join P. Jaynedra Nayak and Bob Wigley who have also been selected for the operating […]
Following the acquisition of Permasteelisa for €353m, Italy’s largest LBO this year, mid-market private equity firm Investindustrial has appointed Luca Destito to its investment team. Destito joins the firm from Investitori Associati where he spent the past six years as partner. He began his career in the investment banking division of Citigroup where he worked […]
Impax Group, the AIM-listed investment manager focused on the environmental sector, has appointed Vince O’Brien as non-executive director to the company. O’Brien is currently the director of London-based outfit Montagu Private Equity where he has spent the past 16 years. With over 20 years of experience in the private equity industry, he was formerly the […]