European private equity firm Permira has appointed Roberto Biondi as its new finance head.
Biondi, who is replacing Max Biagosch, joined Permira in 2001 and most recently served as a partner based ion Milan.
He has also worked for McKinsey & Company, where he was focused on the telecommunications sector.
Permira said it planned to expand its Menlo Park base to support its focus on TMT businesses, a core investment focus for the firm over the past 30 years.
The firm has deployed more than $8.5bn of capital across 32 investments, including eight in the current portfolio.
Permira has recently reduced its stake in fashion group Hugo Boss by selling a 5.6 per cent stake in the business.
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