NEWS & VIEWS

Global private equity and venture capital news and research

Cinven hires Allianz Capital founding partner

31 May 2001

Cinven, one of the UK's largest buy-out houses, has strengthened its presence in Frankfurt by appointing Peter Gangsted as managing director.

Gangsted was a founding partner and former MD of Allianz Capital Partners in Munich. As a shareholding partner he said his focus was to ‘build the business in German-speaking Europe, where there are consistent and continuous opportunities for growth’.

Recent tax reforms have put the spotlight on German private equity. Some industry observers are even predicting a huge boom in German MBO activity when they come into effect next year. Gangsted was more cautious about their impact. ‘I don’t think that there’s going to be a wild explosion on the 1st Jan (2002),’ he said. ‘However they are something that continue to make disinvestments attractive. The exciting thing is the restructuring of industrial Europe and the move from national markets to one regional market.’

Cinven has also appointed two new investment executives. Dr Julia Otto joins from the M&A division at Goldman Sachs where her focus was on transactions in the German-speaking region. Pascal Heberling moves over from the Merrill Lynch M&A team where he worked primarily with UK, German and French companies.

© AltAssets, 2001

FUNDRAISING & INVESTOR RELATIONS

Join the Private Equity & VC Fundraising & IR Group on LinkedIn. For LPs and GPs with an interest in private equity and venture capital fundraising, investor relations and marketing.

Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014