Mid-market private equity firm The Riverside Company added two industry veterans as advisors to its European team.
Senior advisor Kai Luck comes to Riverside after 35 years at Siemens, where he ran businesses in fields ranging from engineering to nuclear power to medical equipment.
Former Nordeck International CEO Michael Sarp has also joined the firm to bring his expertise on consumer goods to portfolio companies.
Riverside Europe managing director Tony Cabral said, “Senior Advisors have proven instrumental in helping us add value.
“With their diverse and impressive backgrounds, Kai and Michael will make an immediate impact.
“Both have a deep understanding of their sectors, and their knowledge and wisdom will strengthen Riverside’s global position in being better buyers and owners, and ultimately returning stronger results to our investors.”
Last month AltAssets revealed that Riverside had held a $1.48bn third close for its latest buyout fund, with a source saying it expected to hold a final close this Autumn.
Riverside refused to discuss the fundraise, citing SEC regulations.
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