Private equity firm CCMP Capital Advisors has hired ex-CEO of its former portfolio company Edwards Group Jim Gentilcore as an advisor.
During his tenure at Edwards, the vacuum pump maker increased achieved a significant increase in profitability and was sold to Atlas Copco in a $1.2bn deal last August
Former chairman of Edwards Nick Rose has also joined CCMP as an advisor.
CCMP chairman Greg Brenneman said, “Jim’s operational strengths in and deep knowledge of the industrial sector, one of our core focus areas, will be a tremendous benefit as we explore new investments.
“We worked very closely with Jim during our partnership with Edwards and were impressed by the strategic milestones achieved and significant value created under his leadership. We couldn’t be more pleased to have Jim join us in this important role.”
Copyright © 2014 AltAssets