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LBO France hires ex-Alix Partners exec Etienne Colas for operating team

9 Sep 2013

etienne colas LBO FrancePrivate equity firm LBO France has reportedly hired former Alix Partners executive  Etienne Colas as a managing director within its operating team.

Colas, pictured, joins former La Redoute CEO Guy Latourrette and LBO France board member Gilles Taldu in the team.

He previously worked for McKinsey Ventech and Thomson according to French website Boursier.com.

LBO France president Robert Daussun said, “The arrival of Etienne reflects the importance we attach to the concrete support of our holdings.

“We are delighted to welcome someone as experienced to strengthen our action to our interests and to structure the process of creating business value in the portfolio companies.”

Last week European private equity firms Apax PartnersLBO France and Nixen confirmed the sale of French homeware retailer Maisons du Monde to fellow buyout house Bain Capital.

Bain now controls the majority of the capital of Maisons du Monde, while CEO and founder Xavier Marie will remain a “substantial shareholder” alongside the management team.

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