Category Archives: People

KKR Appoints Sumanth Cidambi and Vijay Padmanabhan as Directors in its India Credit Business

KKR

Appointment Aimed at Meaningfully Scaling Credit Operations in India

MUMBAI, India–(BUSINESS WIRE)–Dec. 4, 2018– KKR today announced the appointment of Sumanth Cidambi and Vijay Padmanabhan as Directors for the firm’s credit business in India. Both the appointments will help KKR deepen and scale its existing India credit strategy and move into adjacencies.

KKR has been the pioneer in developing private high-yield and structured credit investing in India. The firm operates in the credit space through an NBFC and Alternative Investment Funds, suitably complemented with global capital pools. Since 2009, the firm has executed on over 140 transactions in India, valued at close to US$6 billion.

Speaking on the appointments, BV Krishnan, Member, KKR, and CEO, KKR India Financial Services, said: “Both Sumanth and Vijay join our team at a very opportune time. Sumanth brings to us the much necessary owner-operator mindset and has a track record of delivering sustainable value. He will complement our focus on building capabilities in the operational turnaround and workout areas, which are becoming a critical differentiator in credit investing in India.”

He further added, “Vijay brings on board deep credit underwriting experience. He has a unique risk-reward perspective, having worked in the UK and India. His skill sets and understanding of the domestic eco-system give him a wholesome understanding of what it takes to succeed in this space. His ability to underwrite across the capital structure will be a critical element in our plan to further scale our platform where we have been the market leader in private high-yield investing.”

With nearly two and a half decades of diversified industrial experience, Sumanth Cidambi has worked extensively with corporate boards and senior management teams in Asia, Europe and the US, to create sustainable value. Leveraging his deep experience in operations restructuring and business turnarounds, he will work closely with KKR’s credit portfolio companies in India to deliver identified and specific value. Sumanth’s addition highlights the firm’s strong view that operational involvement in companies is a dimension that is critical to delivering value to stakeholders, and risk managing outcomes.

Vijay Padmanabhan has extensive experience in credit underwriting and distress investing, in the UK and India, including in Old Lane, Fidelity Investments, SBI Funds Management, PricewaterhouseCoopers, and Edelweiss Alternative Asset Advisors.

Early this year, KKR’s India Financial Services made two Director level hires viz. Jigar Shah as the Legal and Compliance Head for the firm in India, from JP Morgan, and Niraj Karia as a senior credit originator, from Kotak Investment Bank.

KKR has been investing in India since 2006. In addition to a strong private equity practice, KKR is highly focused on credit, capital markets and real estate opportunities in India. Its credit portfolio in India includes, but is not limited to, Enzen Global Solutions, Amanta Healthcareand Walchandnagar Industries.

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.

About KKR India Financial Services

KKR India Financial Services (“KIFS”) is KKR’s alternative credit business in India that provides flexible financing to companies via a unique business model that comprises balance sheet — via a non-bank finance company —alternative asset management, and capital markets. As of Nov 30, 2018, KIFS has executed over 140 transactions in India worth close to US$6 billion.

Source: KKR

Media

For KKR Asia:
Cara Major
Cara.Major@KKR.com

For KKR India:
Edelman
Siddharth Panicker, +91-9820-857-522
Siddharth.Panicker@Edelman.com

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GP Bullhound appoints Floris Backer van Ommeren as Executive Director

Gp Bullhound

GP Bullhound today announced that Floris Backer has joined its advisory team as Executive Director. Based in London and Amsterdam, Floris will oversee the firm’s activities in Benelux.

Previously, Floris was Head of Tech Media & Telecom at ABN AMRO in the Netherlands. Prior to that, he worked at Deutsche Bank and Lehman Brothers in London, New York and Amsterdam.

Manish Madhvani, Managing Partner of GP Bullhound, said: “We are excited that Floris will be joining our fast-growing franchise at a time of healthy deal-activity in the technology sector. He brings a wealth of experience and a strong network, helping us increase our reach in Benelux.”

GP Bullhound has been active in the region for many years, both as an advisor and an investor, working with companies including Zoover and Greetz which was recently sold to Photobox Group.

Floris Backer said: “GP Bullhound is a leading global technology specialist, and I am excited to help grow the business further. Reflected in the rise of companies like Adyen, Takeaway.com and Elastic; we see a strong ecosystem of tech companies and investors in Benelux and we look forward to working with them closely.”

Floris has built up an extensive investment banking experience, executing and originating numerous transactions. He was involved in many deals in Europe and the US for companies including Adyen, Takeaway.com, Independer.nl, Plaxis, Telegraaf Media Group, Wolters Kluwer, SLM Solutions, Deutsche Telekom and Nielsen.

A native speaker in Dutch, and passionate about technology, competitive cycling and sailing, Floris holds a master degree in Engineering from Delft University of Technology.

Enquiries
For any enquiry, please contact floris.backer@gpbullhound.com or manish.madhvani@gpbullhound.com

About GP Bullhound
GP Bullhound is a leading technology advisory and investment firm, providing transaction advice and capital to the best entrepreneurs and founders. Founded in 1999, the firm today has offices in London, San Francisco, Stockholm, Berlin, Manchester, Paris, Hong Kong, Madrid and New York. For more information, please visit www.gpbullhound.com, or follow on Twitter @GPBullhound

 

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The Carlyle Group Names Tomofumi Matsuyama as Managing Director

Carlyle

As Part of its Strategy to Further Expand its Private Equity Business in Japan

Global alternative asset manager The Carlyle Group (NASDAQ: CG) today announced that Tomofumi Matsuyama has joined the Carlyle Japan buyout advisory team as a Managing Director. Based in Tokyo, Mr. Matsuyama will advise on Carlyle’s investment activities in Japan, with a focus on large spin-off opportunities mainly in the technology and industrials sectors.

Mr. Matsuyama joins Carlyle after 14 years with Morgan Stanley, where he was most recently a Managing Director and Head of Technology and Industrials Banking for Japan. Mr. Matsuyama started his career at the Sumitomo Bank (currently known as Sumitomo Mitsui Banking Corporation), where he served for more than six years before joining Daiwa Securities SMBC Co. Ltd. as a seconded employee from the Sumitomo Bank. He earned a Bachelor of Arts in International Business from Sophia University.

Kazuhiro Yamada, Managing Director and Head of the Carlyle Japan buyout advisory team, said, “As part of our strategy to further expand our Japan operations, especially capturing large corporate carve-out opportunities, we are delighted to have Tomofumi join our team. Tomofumi has extensive experience in the technology and industrials sectors and has led advisory services for a number of landmark corporate carve-outs while at Morgan Stanley. He will be a great addition to our team as we build on our strong track record of carve-out investments and continue to invest in this space.”

Mr. Matsuyama said, “I am delighted to join Carlyle at an important time when the Japanese private equity market is becoming increasingly attractive, with the number of opportunities relating to corporate carve-outs on the rise. Carlyle is highly respected for its carve-out investments in Japan and globally, and is a trusted partner for Japanese companies. I look forward to leveraging my industry expertise and experience to identify new investment opportunities, support Japanese corporates, and create value for them.”

Having first established an office in Tokyo in 2000, Carlyle has a long track record of investing in the Japanese market and creating long-term value for Japanese companies, including several carve-outs from large Japanese conglomerates. Carlyle has established dedicated Japan buyout funds denominated in Japanese yen for investing in mid-cap as well as large-cap deals. As of September 30, 2018, Carlyle had invested more than JPY 250 billion (more than USD 2 billion) of equity in more than 20 transactions in Japan.

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About The Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager with $212 billion of assets under management across 339 investment vehicles as of September 30, 2018. Carlyle’s purpose is to invest wisely and create value on behalf of its investors, many of whom are public pensions. Carlyle invests across four segments – Corporate Private Equity, Real Assets, Global Credit and Investment Solutions – in Africa, Asia, Australia, Europe, the Middle East, North America and South America. Carlyle has expertise in various industries, including: aerospace, defense & government services, consumer & retail, energy, financial services, healthcare, industrial, real estate, technology & business services, telecommunications & media and transportation. The Carlyle Group employs more than 1,625 people in 31 offices across six continents.

Web: www.carlyle.com
Videos: www.youtube.com/onecarlyle
Tweets: www.twitter.com/onecarlyle
Podcasts: www.carlyle.com/about-carlyle/market-commentary

Media Contacts:

Tammy Li
+852 2878 5236
Tammy.li@carlyle.com

Brian Zhou
+86 10 57067070
Brian.zhou@carlyle.com

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Ratos AB: Lars Nykvist appointed new CEO of Kvdbil

Ratos

PRESS RELEASE, 20 November 2018

Lars Nykvist has been appointed as the new CEO of Kvdbil, Sweden’s largest independent online marketplace offering broker services for second-hand vehicles. Lars most recently served as CEO of Outnorth AB and will assume the position of CEO of Kvdbil today, 20 November. Torbjörn Wik is leaving after three years as CEO of the company.

 

Lars Nykvist has extensive experience of heading up both B2B (business-to-business) and B2C (business-to-consumer) operations. He most recently served as CEO of Outnorth AB, the largest e-commerce site and retailer of equipment for outdoor activities in the Nordic region. Lars served as CEO there until the beginning of 2018, having taken the company from sales of about SEK 30m to approximately SEK 430m with slightly more than 80 employees and a market-leading position in its niche.

“Under Torbjörn’s management over the past three years, Kvdbil has implemented major changes, including a thorough update of its IT platform to enable growth in the area of private cars, where Kvdbil has now changed to a more distinct consumer brand. The strategy moving forward is focused on increasing consumer business, strengthening the position in company cars and developing Kvdbil’s service offering, areas in which Lars has considerable experience. We foresee continued growth potential in Kvdbil’s business model and the potential to strengthen the company’s market position. I also look forward to following Lars’s and the management team’s continued work in this area”, says Johan Rydmark, Director at Ratos and responsible of Kvdbil.

Kvdbil was acquired in 2010 and is now Sweden’s largest independent online marketplace offering broker services for second-hand vehicles. The number of employees amounts to approximately 170 individuals and sales for the rolling 12 months at 30 September 2018 totalled SEK 336m.

For further information, please contact:

Johan Rydmark, Director and responsible of Kvdbil, +46 8 700 17 00

Helene Gustafsson, Head of IR and Press, Ratos, +46 70 868 40 50

Financial calendar from Ratos:

Year-end report 2018                                                15 February 2019

Annual General Meeting                                            8 May 2019

Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to the long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/retail. Ratos is listed on Nasdaq Stockholm and has a total of approximately 12,300 employees.

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Sequana Medical announces the appointments of industry experts Pierre Chauvineau as Chairman and Wim Ottevaere as Non-Executive Director

Ghent, Belgium: 8 November 2018 – Sequana Medical nv, a commercial stage medical device company focused on the development of innovative treatment solutions for the management of liver disease, heart failure, malignant ascites and other fluid imbalance disorders, announces today the appointments of Pierre Chauvineau as Chairman and Wim Ottevaere as non-executive director of the Company effective as of the closing of the intended Initial Public Offering announced today. Pierre will succeed Rudy Dekeyser as Chairman, who will remain a non-executive director.

More info on Sequana’s website.

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Ratos AB: Peter Wallin appointed CFO at Ratos

Ratos

Peter Wallin has been appointed CFO, Chief Financial Officer, at Ratos. Peter comes from the role as CFO for the Skanska Group and joins Ratos in December 2018.

Peter Wallin has long operational experience from the Skanska Group, where he has worked since 2000. For the past seven years, Peter worked as the Group CFO for Skanska, where he facilitated the growth of Skanska’s investments in its project development business, creating considerable values. Peter has also led several restructurings within the Skanska Group centered around profitability, as well as concluding several divestments and acquisitions in the Group. In 2017 and 2018, Peter was also responsible in the Senior Management for the construction operations in UK, Poland and Czech Republic alongside being the Group CFO. Before Peter started working at Skanska, he worked as an equity research analyst at HQ Investment Bank and Trygg Hansa/SEB, as well as CFO in Stadshypotek.

“I am very pleased that Peter takes on his role as CFO at Ratos. With his long operational experience, where he has created value through operational restructuring, profitability measures and mergers and acquisitions, not least in the construction industry, I am convinced that he will highly contribute to value creation to Ratos and our portfolio companies, says Ratos’s CEO Jonas Wiström”.

Peter will assume his position in December 2018.

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

Financial calendar from Ratos:
Year-end report 2018                                     15 February 2019
Annual General Meeting                                 8 May 2019

Ratos owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has approximately 12,300 employees.

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Ratos AB: CEO Peter Nilsson to leave Speed Group

Ratos

Peter Nilsson is stepping down from his role as CEO of Ratos’s subsidiary Speed Group. The company’s CFO, Anders Appelqvist, has been appointed Acting CEO until a permanent CEO has been recruited.

Outgoing CEO Peter Nilsson was initially a member of Speed Group’s Board of Directors before taking over as CEO in autumn 2016. Peter is now leaving the company and Anders Appelqvist, who currently serves as the company’s CFO, has been appointed Acting CEO. Anders will take office effective immediately and the process to recruit a permanent replacement has begun.

“During his time as CEO, Peter has contributed to Speed Group’s substantial growth. Under Peter’s leadership, the company has become a national supplier of logistics services through the acquisition of Samdistribution in Stockholm and the first third-party logistics (3PL) supplier in the Nordic region to invest in an Autostore system. Since Speed Group’s focus has now shifted from growth to consolidation and profitability-enhancing measures, Peter is now leaving the company and Anders is taking over as Acting CEO,” says Christian Johansson Gebauer, Director at Ratos and responsible of Speed Group.

Ratos became the majority owner of Speed Group in 2015. The company is now a national supplier of logistics services and services for staffing, recruitment and education, with strong growth in an attractive underlying market. Speed Group has approximately 1,200 employees and sales of SEK 673m for the rolling 12-month period ending 30 September 2018.

For further information, please contact:

Christian Johansson Gebauer, Director, +46 8 700 17 00

Helene Gustafsson, Head of IR and Press, Ratos, +46 8 700 17 98

Financial calendar from Ratos:
Year-end report 2018                                     15 February 2019
Annual General Meeting                                 8 May 2019

Ratos owns and develops unlisted medium-sized companies in the Nordic countries. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos’s portfolio consists of 12 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has approximately 12,300 employees.

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Natalia Nowak joins CVC Credit Partners’ European Private Debt team

Natalia joins as managing director focusing on opportunities in the DACH region and other European investments

CVC Credit Partners announced today that Natalia Nowak has joined the firm as a Managing Director in the European Private Debt team, focusing primarily on opportunities in the DACH region and other European investments. Natalia will report to Neale Broadhead, Managing Director and Portfolio Manager.

Natalia joined CVC Credit Partners from ESO Capital, where she was a Managing Director in the private debt and special situations fund. She focused on sourcing, structuring and executing bespoke financings for European SMEs. Prior to joining ESO Capital, Natalia worked at Arrowgrass and Cerberus Capital, where she worked on deals in private equity, special situations and distressed debt. Natalia began her career at Goldman Sachs in the German M&A Corporate Finance Group and is a graduate of the European Business School and Harvard Business School where she received her MBA.

Natalia Nowak said: “I am very excited to be joining CVC at such an interesting time in the private debt space, particularly as the European market continues to grow. I really look forward to working with Tom Newberry and the wider Private Debt team to build out our presence in the DACH markets and source interesting investment opportunities across Europe.”

Tom Newberry, Partner and Global Head of Private Debt at CVC Credit Partners, added: “We are delighted to welcome Natalia to CVC’s Private Debt team. Her wealth of experience, particularly in the DACH region, will be invaluable to us as we continue to look for opportunities to support high quality, medium-sized businesses across Europe and the US.”

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Appointments at Tesi

Tesi

Henri Hakamo has been appointed as Tesi’s Chief Digital Officer (CDO), Mikael Niemi as Investment Director and Elisa Lehmusniemi as Executive Assistant. Juha Lehtola returns to Tesi’s Venture Capital team as Director.

Henri Hakamo, M.Sc. (Econ), (32), has been appointed Chief Digital Officer with effect from 3 September 2018. CDO is a new position in Tesi. He will be a member of the Management Team and report to CEO Jan Sasse. Henri transfers to Tesi from a managerial position in BearingPoint, where he was in charge of Digital & Strategy consulting in the Middle East.

Juha Lehtola, M.Sc. (Technology), (42), returns to head Tesi’s Venture Capital team as Director. As a member of the Management Team, he will report to CEO Jan Sasse. Over the last two years. Juha was an Investment Manager in the European Investment Fund, specialising in investments in European venture capital funds.

Mikael Niemi, M.Sc. (Econ), M.Sc. (Technology), (38), has been appointed Investment Director, Growth & Industrial Investments with effect from 1 August 2018. Mikael transfers to Tesi from Armada Mezzanine Capital, in which he was a Partner.

Elisa Lehmusniemi, M.Sc. (Econ), (37), has been appointed Executive Assistant as from 13 August 2018. Elisa transfers to Tesi from Borenius Attorneys LLP, where she was an executive assistant.

“Tesi’s goal is twofold: to help Finnish companies grow and internationalise; and to develop Finland’s venture capital and private equity market. Our staff are in a key position in working towards this goal. I’m very pleased that we’ve succeeded in supplementing our teams with professionals who have valuable, broad-ranging experience in the fields of investment and corporate development,” say CEO Jan Sasse.

Further information:
Jan Sasse, CEO, tel: +358 40 861 9151

Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that invests profitably and responsibly, creating value from day one. Our investments under management total 1.2 billion euros and we have over 700 companies in portfolio, either directly or through funds. We help Finland to the next level of growth and internationalisation. Follow our success stories: www.tesi.fi / dtg.tesi.fi / @TesiFII.

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TA Associates Announces New Hires in Menlo Park

TA associates

BOSTON and MENLO PARK – TA Associates, a leading global growth private equity firm, today announced the recent hiring of Calen Angert and Nicholas Leppla, who have rejoined the firm as Vice Presidents in its Menlo Park office.

“We are thrilled to welcome back Calen and Nick to the firm,” said Brian J. Conway, Chairman and Managing Partner at TA Associates. “As Associates, both proved to be valuable contributors to TA on several fronts, particularly in our deal sourcing and due diligence efforts. We look forward to Calen and Nick’s contributions as we continue to seek investments in profitable growth companies and partner with the management teams of our portfolio companies to create further value.”

Calen Angert focuses on investments in healthcare companies across North America. Prior to attending graduate school, he served as an Associate in the Boston office of TA Associates. Mr. Angert previously served as an Analyst in the Healthcare Investment Banking Group at Morgan Stanley. He received a BSBA, magna cum laude, in Finance from the McDonough School of Business at Georgetown University and an MBA from the Stanford Graduate School of Business.

Nicholas Leppla focuses on investments in technology companies across North America. Prior to attending graduate school, he served as an Associate in the Menlo Park office of TA Associates. Mr. Leppla previously served as the Chief of Staff of AVG Technologies, a former TA portfolio company, and as an Analyst in the Technology, Media and Telecommunications Investment Banking Group at J.P. Morgan. He received a BA in Economics and Engineering Sciences (Environmental) from Yale University and an MBA from the Stanford Graduate School of Business.

About TA Associates
Now in its 50th year, TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in nearly 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is committing to new investments at the pace of $1.5 to $2 billion per year. The firm’s more than 85 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

 

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