IK Investment Partners appoints Tom Salmon as Small Cap Partner

ik-investment-partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that Tom Salmon has joined the Small Cap team as a Partner. Tom will be based in IK’s London office, primarily focusing on the origination of investment opportunities in the UK with an Enterprise Value of up to c. €100m.

Tom joins IK from Duke Street Private Equity where he was a Partner. Prior to Duke Street, he was a Partner at 3i where he co-managed the UK team and spent 13 years covering origination, execution and portfolio management. Tom has substantial investment experience and has been involved in numerous transactions, including Great Rail Journeys, Audley Travel, JMJ and NCP. He studied at Oxford University and is a Chartered Accountant.

“The past twelve months represent yet another strong period of growth for IK. We have expanded the breadth and depth of our firm with over 30 new hires, employing a team of more than 75 investment professionals and a total of 130 staff across eight offices. The appointment of Tom will allow us to begin building a presence in the UK, benefitting from his wealth of investment experience combined with our pan-European platform,” said Christopher Masek, CEO at IK.

“I am thrilled to join IK as their first UK-based Partner focusing on the Small Cap segment. IK has a 30-year track record of creating value and a well-established platform across Europe. The size of the UK Small Cap market and entrepreneurial nature of its businesses provide a compelling investment opportunity. I believe IK’s local investment teams across six European countries as well as the firm’s successful sector focus will bring a clear differentiated approach to the UK’s burgeoning Small Cap market,” said Tom Salmon.

IK’s Small Cap team partners with management teams who are looking for support to help them achieve the next stage of their growth and development, across IK’s four core sectors: Business Services, Consumer/Food, Engineered Products and Healthcare.

For enquiries, please contact:

Maitland/AMO
James McFarlane
Phone: +44 207 379 5151
jmcfarlane@maitland.co.uk

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, Benelux and the UK. Since 1989, IK has raised more than €10 billion of capital and invested in over 130 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

Categories: Personalia

KKR Appoints Chee-Wei Wong as Head of Global Impact for Asia

KKR

Senior appointment enhances KKR Global Impact’s ability to support solutions-orientated businesses

SINGAPORE–(BUSINESS WIRE)– KKR, a leading global investment firm, today announced the expansion of KKR’s Global Impact team with the appointment of Chee-Wei Wong as Head of Global Impact for Asia.

KKR Global Impact is focused on identifying and investing behind global opportunities where financial performance and societal impact are intrinsically aligned. The business specifically focuses on companies whose core business models provide commercial solutions that contribute measurable progress toward one or more of the United Nation’s Sustainable Development Goals (“SDGs”).

“Chee-Wei brings a wealth of sustainability-related investment experience in Asia and globally, in line with KKR Global Impact’s own mission. This valuable expertise will be essential as we continue to build the firm’s Impact business across Asia,” said Robert Antablin and Ken Mehlman, Co-Heads of KKR Global Impact. “Asia Pacific is a growing priority for our Impact strategy. Chee-Wei’s ability to identify innovative companies throughout markets in the region including Southeast Asia, South Asia, Greater China and Australia will be critical as we look to deploy capital.”

In the role, Mr. Wong, who is based in Singapore, is responsible for sourcing investment opportunities and supporting impact-related portfolio companies across Asia Pacific. Mr. Wong will also serve as a member of the firm’s Global Impact Investment Committee. The addition of Mr. Wong follows KKR Global Impact’s recent international expansion with the appointments of Stanislas de Joussineau as Head of Global Impact for Europe and Sharon Yang as a senior investor for KKR Global Impact in Asia. The expanded global team is further supported by KKR executives across key industries and regions of focus.

Prior to joining KKR, Mr. Wong was a managing director at Tailwind Capital in New York and spent nine years at EQT in New York and Singapore, where he was an investor and board member of sustainability-focused technology enterprises and healthcare companies. Before that, he was a consultant at Bain & Company and a Justices’ Law Clerk in the Supreme Court of Singapore. He holds a Bachelor of Laws (First Class Honors) degree from the National University of Singapore.

Ming Lu, Head of KKR Asia Pacific, said, “Asia Pacific’s unique economic and social dynamics – coupled with growing corporate adoption of environmental, social and governance initiatives and meaningful structural reforms – have created a significant opportunity to support companies whose products or services address environmental or social challenges. There has never been greater desire and momentum for responsible and solutions-oriented investment in Asia, and we are thrilled to welcome Chee-Wei to the team to lead our Asia Impact efforts to grow our strategy and positive involvement in communities.”

Over the last decade, KKR has been a leader in driving and protecting value throughout the firm’s private markets portfolio through thoughtful environmental, social and governance (“ESG”) management, as well as measuring and reporting on performance to the public and investors. The firm also has a history of investing in businesses that promote sustainable solutions to societal challenges. This experience of responsible investment combined with a changing landscape of global challenges led to KKR’s decision to create a dedicated Global Impact business in 2018.

On February 12, 2020, KKR announced the firm had closed its first Global Impact Fund at $1.3 billion. KKR’s Global Impact Fund has successfully executed six investments since inception, including Barghest Building Performance, a Singapore-based provider of energy savings solutions to heating, ventilation and air conditioning systems in commercial and industrial buildings, and Ramky Enviro Engineers, a leading provider of environmental and waste management services and solutions in India and overseas.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate and credit, with strategic partners that manage hedge funds. KKR aims to generate attractive investment returns for its fund investors by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside the capital it manages for fund investors and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. Inc. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Media:
KKR Asia Pacific
Anita Davis
+852 3602 7335
Anita.Davis@kkr.com

KKR Americas
Kristi Huller or Cara Major
+1 212.750.8300
Media@KKR.com

Source: KKR & Co. Inc.

Categories: Personalia

Xavier Himmer joins CVC Credit Partners as Chief Operating Officer

Xavier joins in the newly created role and will be responsible for CVC Credit’s business infrastructure

CVC Credit Partners is pleased to announce that Xavier Himmer has today joined as Partner and Chief Operating Officer. Xavier will be responsible for oversight and strategic development of CVC Credit’s business infrastructure, including operations, finance, legal & compliance, technology and HR. He will be based in London and will be a member of CVC Credit’s Operating Board.

Xavier has over 20 years of leadership experience in the global asset management industry. He was formerly a Partner & COO at Cheyne Capital in London, where he spent eight years. Prior to this, Xavier has held multiple management roles within the asset management industry, including two years as COO at Stigma Partners in Switzerland and eight years as COO of Altedge Capital, a business he also co-founded. He began his career at Arthur Andersen & Co.

Hamish Buckland, Chairman of CVC Credit Partners, said: “I am very pleased to announce Xavier’s decision to join CVC Credit Partners. Over the last few years we’ve experienced a significant increase in the scale and complexity of the firm and this has highlighted the need for a more strategic approach to managing the risks that come with this growth and to exploiting the advantages that come with scale. Xavier’s skillset makes him the ideal candidate to take on the challenge of developing a world-class operational platform on which we can continue to build CVC Credit Partners into a market leader.”

Xavier Himmer added: “I have watched CVC Credit go from strength to strength over the last few years and have admired what has been achieved. This is an ambitious business with an impressive team and I look forward to contributing my experience to the next phase of development.”

Categories: Personalia

Changes in Ratos management group

Ratos

Peter Wallin, CFO of Ratos, will until August 2020 assume the role of Executive Chairman of the Board of the Ratos company HENT. Jonas Ågrup will during the same period work as acting CFO of Ratos. Christian Johansson Gebauer has been appointed new Head of Business Area Construction & Services and Joakim Twetman as new Head of Business Area Industry. Ratos management group which will comprise of:

Jonas Wiström, CEO
Jonas Ågrup, Acting CFO
Helene Gustafsson, Head of IR and Press
Christian Johansson Gebauer, Head of Business Area Construction & Services
Anders Slettengren, Head of Business Area Consumer & Technology
Magnus Stephensen, General Counsel
Joakim Twetman, Head of Business Area Industry

“I’m delighted that Peter Wallin, who brings extensive experience from various positions at Skanska, has agreed to take on the role of Executive Chairman of the Board of the Ratos company HENT. HENT represents a significant part of Ratos net sales. The company has had high growth in recent years but has been forced to make large project write downs in a number of projects which has affected the results during 2018 and 2019. I am convinced that Peter will be an important person in the company’s ongoing work to establish the structure and processes needed for HENT to increase profitability by providing close support to the company’s management,” says Jonas Wiström, CEO of Ratos.

While Peter Wallin serves as Executive Chairman of the Board of HENT, he will be replaced as CFO of Ratos by Jonas Ågrup. Jonas most recently comes from the role of CFO at Munters. Previous positions include, among others, CFO at ÅF.

All the above changes will take effect from 10 February 2020.

For further information, please contact:
Jonas Wiström, CEO, Ratos, +46 8 700 17 00
Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

About Ratos:
Ratos is a corporate group consisting of 12 companies divided into three business areas: Consumer & Technology, Construction & Services and Industry. In total, the companies have SEK 38 billion in sales and EBITA of SEK 1.8 billion. Our business concept is to develop medium-sized companies with headquarters in the Nordic region that are or have the potential to become market-leading. We make it possible for independent medium-sized companies to excel by being part of something larger. A focus on people and leadership, culture and values are key components of Ratos. Everything we do is based on our core values: Simplicity, Speed in Execution and It’s All About People.

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Kinnevik AB (publ) (“Kinnevik”) today announced that Anna Stenberg will join Kinnevik as Chief People and Platform Officer (CPO), a new role in the Kinnevik management team. Anna is the founding partner of Women Executive Search and started her career in the Kinnevik group holding several management positions at Modern Times Group.

Kinnevik

As CPO, Anna Stenberg will focus on maximizing the value of Kinnevik’s investment eco-system and platform, working closely with the Kinnevik team as well as our portfolio companies. Anna will support Kinnevik in being a progressive partner to its public and private portfolio companies in their effort to drive performance through key areas such as board and top management composition, leadership development, diversity and inclusion, and organizational design.

Georgi Ganev, Kinnevik’s CEO, commented: “I am excited that Anna will join the team as Chief People and Platform Officer. Kinnevik’s number one asset is our people, within Kinnevik and in our companies. With Anna’s recent background as a successful entrepreneur and investor, and having started her career within Our Group, Anna knows Kinnevik and our culture and she will be a great support in maximizing the value of our unique platform, supporting us in building strong and effective, market leading, sustainable companies”.

Anna Stenberg continued: “Joining Kinnevik feels like coming home. Not only is Kinnevik a frontrunner when it comes to supporting value-driven leadership and a high-performance culture. I also share Kinnevik’s belief in the power of disruptive technology to deliver both shareholder and social value. To me, this is a perfect combination, and I look forward to working with Georgi and his team as Chief People and Platform Officer.”

For further information, visit www.kinnevik.com or contact:

Torun Litzén, Director Investor Relations
Phone +46 (0)70 762 00 50
Email press@kinnevik.com

Kinnevik is an industry focused investment company with an entrepreneurial spirit. Our purpose is to make people’s lives better by providing more and better choice. In partnership with talented founders and management teams we build challenger businesses that use disruptive technology to address material, everyday consumer needs. As active owners, we believe in delivering both shareholder and social value by building long-term sustainable businesses that contribute positively to society. We invest in Europe, with a focus on the Nordics, the US, and selectively in other markets. Kinnevik was founded in 1936 by the Stenbeck, Klingspor and von Horn families. Kinnevik’s shares are listed on Nasdaq Stockholm’s list for large cap companies under the ticker codes KINV A and KINV B.

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Cinven announces Partner promotion for Head of Milan

Cinven

International private equity firm Cinven, today announces that it has promoted Eugenio Preve to Partner with effect from 1 January 2020.

Eugenio is Head of the Milan office, a member of the Industrials sector team and leads the regional team for Italy. He has worked on a number of investments, including Amadeus, Avio, Eurovita and Medpace. He joined Cinven in 2009.

Cinven has significant experience in the Italian market both investing in Italian-headquartered businesses and on behalf of other portfolio companies that have operations in Italy.  For example, Avio, the leading aerospace business, was a successful investment for Cinven having sold its two divisions to both GE and Leonardo-Finmeccanica ahead of listing on the Milan Stock Exchange, respectively.

Cinven is currently invested in Italian-headquartered Eurovita, the independent Italian life insurer that has completed a number of acquisitions in Italy.  Other Cinven investments with considerable operations in Italy include Stada, the European manufacturer of prescription generics and over the counter products, and Synlab, a European market leader for laboratory diagnostics.

Commenting on this promotion, Stuart McAlpine, Managing Partner of Cinven Partners LLP, said:

“2019 was a busy year for Cinven, with the closing of our latest fund, the Seventh Cinven Fund at €10 billion. As we look forward to 2020 and the opportunities it presents, I am delighted to announce the promotion of Eugenio to Partner.

“Eugenio leads our Italian regional team and is a key member of our Industrials sector team. His promotion reflects his considerable hard work and commitment to both existing portfolio performance and deal origination.”

Categories: Personalia

Cinven announces appointment of Chief Human Resources Officer

Cinven

International private equity firm Cinven, today announces that it has appointed Caroline Rawes as Chief Human Resources Officer with effect from 6 January 2020.

Caroline has almost 30 years’ HR experience, notably in the legal and professional services sectors. She joins from Ashurst, the international law firm, where she spent over four years as Chief People Officer and was a member of the Executive Committee, with shared responsibility for the development and delivery of the firm’s strategy as well as managing the HR, Learning & Organisation Development, Business Change and Internal Communications functions.

Prior to Ashurst, Caroline was the HR Director at Taylor Wessing, where she was also a member of the UK Executive Board. In this role she was responsible for the strategy and implementation of the firm’s HR services in the UK, as well as the people agenda for the firm internationally. She has held previous senior HR positions at Linklaters, Accenture and KPMG.

At Cinven, Caroline will lead the firm’s talent strategy and human resources team.  Caroline will sit on Cinven’s Operating Committee, which leads the firm’s operational functions.

Commenting on Caroline’s appointment, Stuart McAlpine, Managing Partner of Cinven said:

“2019 marked another successful year for Cinven, with the completion of our €10 billion fundraise and continued investment and realisations. Our track record of strong returns has been based on attracting and retaining the very best talent in the industry. Caroline brings with her a wealth of experience and fresh thinking based on demonstrable experience in driving innovative policies and practices, ensuring we remain a fulfilling and rewarding place to work. We welcome her to Cinven and look forward to working with her.”

Caroline Rawes, Chief Human Resources Officer, commented:

“I am delighted to join in the newly created role of Chief Human Resources Officer at Cinven. I look forward to working with Stuart and the team to further the strategy for talent development in support of Cinven’s ambitions.”

Categories: Personalia

Scandlines appoints Vagn Sørensen as Chairman

3I

Scandlines, the German-Danish, green and innovative ferry operator in the Baltic Sea, has appointed Vagn Sørensen as Chairman as of 01 January 2020.

Vagn Sørensen brings over 30 years’ experience from international business and the aviation industry in particular. He joined Scandinavian Airlines in 1984 and became Executive Vice President in 1994. He was appointed Chief Executive Officer of Austrian Airlines in 2001, stepping down in 2006 to successfully pursue a plural career.

Vagn Sørensen has extensive experience across both executive and non-executive positions internationally. He currently holds a number of roles, including Chairman of

Air Canada, Chairman of FLSmidth & Co., Chairman of SSP Group Plc and Chairman of Flying Tiger Copenhagen. Vagn Sørensen is also a board member at Royal Caribbean Cruise Lines.

Scandlines will benefit from Vagn Sørensen’s leadership skills and his extensive commercial experience, gained from a variety of businesses operating in similar industries as Scandlines.

Vagn Sørensen says: “I am delighted to be joining Scandlines as Chairman. I am excited by the company’s green agenda, its growth prospects and strong customer focus. I look forward to working with Søren Poulsgaard Jensen and the management team to continue Scandlines’ development.”

Søren Poulsgaard, CEO of Scandlines, comments:  “I am happy to welcome Vagn as Chairman. His knowledge and experience will be invaluable as we pursue our green strategy, continually enhance our customer experience and modernise our fleet.”

Vagn Sørensen takes over the position as Chairman from Steve Ridgway, who joined Scandlines as Chairman in 2014. Steve Ridgway comments: “I have enjoyed the journey with Scandlines since 2014 and I am happy to pass the keys on to an experienced operator with a track record of building big brands in the leisure travel and retail sector.”

– Ends-

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About Scandlines

Scandlines stands as a symbol of a historical and close cooperation between Denmark and Germany. Scandlines runs two ferry routes with high capacity and frequency as well as with a green vision for the future.

The core business is to provide an efficient and reliable transport service for both passengers and freight customers. The main focus for all activities in Scandlines is to create value for our customers on board the ferries as well as in our shops.

With more than 43,000 departures on 8 ferries, in 2018 Scandlines transported 7.4 million passengers, 1.8 million cars and more than 700,000 freight units and 36,000 busses on the routes Puttgarden-Rødby and Rostock-Gedser.

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Tikehau Capital announces the appointment of Grégoire Lucas as Head of External Relations

Tikehau

Paris, 9 December 2019 – Tikehau Capital, the alternative asset management and investment group, announces the appointment of Grégoire Lucas as Head of External Relations.
Reporting to Antoine Flamarion and Mathieu Chabran, the Group’s co-founders, Grégoire Lucas’s role will be to improve Tikehau Capital’s visibility in France and worldwide among all stakeholders. In particular, he will be responsible for managing corporate communications and public relations, public affairs and sponsorship activities at Tikehau Capital. He will be supported by Julien Sanson, Head of Corporate Communications, who will work alongside him.

Grégoire Lucas, age 45, is a graduate of Sciences Po Paris and ESCP, and holds a Master’s degree in Finance. Until now he was a partner and member of the executive committee at communications consulting agency Image Sept. Grégoire Lucas began his career as parliamentary assistant to former French Research Minister François d’Aubert (1997–2000). He was then project manager at an internet communications consulting agency (2000–2002) and then an officer to the Government’s Head of Information (2002–2004).

Antoine Flamarion, co-founder of Tikehau Capital, comments: “We are pleased to welcome Grégoire Lucas, a professional with many years’ experience in communications and public relations. Having worked alongside Tikehau Capital since it was founded in 2004, he is very familiar with its culture, business activities and teams. His arrival constitutes a real asset for the Group and marks the next step forwards in structuring our external relations with all our stakeholders.”

About Tikehau Capital:
Tikehau Capital is an asset management and investment group with €24.3 bn of assets under management (as at 30 September 2019) and shareholders’ equity of €3.1 bn (as at 30 June 2019). The Group invests in various asset classes (private debt, real estate, private equity and liquid strategies), including through its asset management subsidiaries, on behalf of institutional and private investors. Controlled by its managers, alongside leading institutional partners, Tikehau Capital employs more than 500 staff (as at 30 September 2019) in its Paris, London, Amsterdam, Brussels, Luxembourg, Madrid, Milan, New York, Seoul, Singapore and Tokyo offices.
Tikehau Capital is listed on Euronext Paris, compartment A (ISIN: FR0013230612; Ticker: TKO.FP)
www.tikehaucapital.com

Press Contacts:
Tikehau Capital: Julien Sanson – +44 20 3821 1001
Finsbury: Arnaud Salla & Charles O’Brien – +44 207 251 3801
press@tikehaucapital.com
Shareholders and Investors Contact:
Louis Igonet – +33 1 40 06 11 11
shareholders@tikehaucapital.com

Disclaimer
This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed.
Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of Tikehau Capital and/or its affiliates. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to Tikehau Capital’s advisory activities in the US or with respect to US persons relates to Tikehau Capital North America

Categories: Personalia

3i announces new hires in its Private Equity team

3I

3i announces the hire of Drew Olian as a Director, Jake Shuster as a Senior Associate and Jonas Marciano as an Analyst, reflecting the continued growth of its international team. In addition, Lauren Causon has joined the team as Legal Counsel.

Drew Olian joined 3i on 1 November as a Director based in New York. Drew was previously a Vice President at The Carlyle Group in New York, where he was a senior deal team member in the firm’s mid-market fund investing across a range of sectors including industrials, transportation and logistics, and business services. He brings seven years of experience in private equity investing.

Jake Shuster joined 3i on 3 September as a Senior Associate in the New York office. Previously, Jake worked at Bowery Farming in New York, an indoor agriculture start-up funded by Google. Prior to this, he was an Associate at Golden Gate Capital in San Francisco, where he invested in the healthcare and industrial sectors. Jake started his career at Bain & Company.

Jonas Marciano joined 3i on 2 September as an Analyst in the Paris office. Previously, Jonas was an Investment Analyst at Rothschild & Co, where he focused on private equity co-investments.

Lauren Causon joined 3i on 1 November as Legal Counsel based in London. Lauren is a UK qualified solicitor who previously worked at law firm Kirkland & Ellis. Prior to this, she trained and worked at Travers Smith.

Pieter de Jong and Peter Wirtz, Managing Partners and Co-Heads of Private Equity, commented:

“We would like to welcome our new colleagues. Drew’s experience and track record across sectors will be of significant benefit as we aim to grow our US presence. All four will play an important role in originating and executing new investments as well as platform and bolt-on acquisitions, as the market remains competitive, pricing remains high and we focus on helping our portfolio companies grow internationally.”

In May 2019, the Private Equity business completed its £139 million investment in Magnitude Software Inc, a leading provider of unified application data management solutions. In October 2019, the Private Equity business also completed its c. £215 million investment in Evernex, a leading international provider of third-party maintenance services for data centre infrastructure.

3i has continued to grow portfolio value through its buy-and-build strategy, with 14 portfolio acquisitions over the past 12 months.

– ENDS –

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For further information, contact:
3i Group plc

Kathryn van der Kroft
Media enquiries
Tel: +44 20 7975 3021
Email: kathryn.vanderkroft@3i.com
Imogen Harvey
Media enquiries
Tel: +44 20 7975 3027
Email: imogen.harvey@3i.com

 

Notes to editors:

 

About 3i Group

3i is an investment company with two complementary businesses, Private Equity and Infrastructure, specialising in core investment markets in northern Europe and North America. For further information, please visit: www.3i.com

Categories: Personalia