Athens - Appia Capital Hires to Rebuild Buyout Team
Released on: October 19, 2007, 6:01 am
Press Release Author: Invest Now News
Industry: Financial
Press Release Summary: According to a source close to the private equity firm, Appia Capital has hired a former executive in the consumer and healthcare sectors as an operating partner to help rebuild its private equity business three years after a spinoff of its buyout division.
Press Release Body: A leading analyst was hired to help to identify opportunities for leveraged buyouts, joint ventures and other direct investments, and to oversee the management and strategies for those businesses.
Appia's newest recruit has been president of several companies within the retail sector and pharmaceutical sector. The head of Appia Capital's private equity and merchant banking divisions, said: "Operating partners are critical to our strategy of building a world-class private equity franchise and we are pleased to welcome such a leading expert to the team."
Sources close to the company say Appia Capital began fundraising for a $6bn buyout fund earlier this month. The fund will focus on buyout opportunities in Europe. The bank has contributed $2bn of its own money to the fund to date.
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