PRINT THIS PAGE Partech International hires German GP to strengthen European presence04/07/2002. Source: AltAssets. 
 Venture firm Partech International has hired a German general partner, Helmut Schon, to strengthen its European presence.
The appointment echoes a growing trend for international players to reinforce their European operations in anticipation of increasing deal flow in the region.
Partech has offices in Paris, San Francisco and Tel Aviv. Schon will focus on investment opportunities in Northern Europe, with a particular focus on Germany and the UK, the firm said.
‘Partech is one of the oldest and most well established international venture capital firms. Adding Helmut to our team will enhance our visibility and presence in key European markets, especially Germany and the UK,' said Jean Marc Patouillaud, the firm's managing director.
Schon joins from investment bank West LB, where he built up the technology group and was a member of the West LB Panmure management committee. Previously, he worked at Merrill Lynch and has been an active angel investor.
Problems across the US venture capital market have encouraged groups to look more closely at prospects in Europe, where the market is less competitive and the infrastructure less mature.
Partech was founded in 1982 and currently manages around $850m in early-stage venture, mid-stage venture and public investments. Its limited partners include AT&T Investment Management, IBM Pension, Lucent, Merrill Lynch, Swiss Life and AXA.
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