Global carve-out specialist CoBe Capital has hired Knuth Schmidt has a director of operations for Germany, Austria and Switzerland.
Trained engineer Schmidt, pictured, has managed a diverse set of manufacturing companies across the DACH region including Dynamit Novel Knuststoff, Lista and Fridola Tech.
He has also previously worked in engineering and operations at Daimler and Siemens.
CoBe founder and managing director Neal Cohen said, “We welcome Knuth to our family and believe he brings tremendous strengths to our investment model as we continue to build on our track record of successful turnaround of industrial operations in Europe.”
The firm, which was launched by Cohen in 1994, specialises in acquiring non-core and underperforming business units of global corporations across Europe and the Americas.
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