Private equity firm Vision Capital has promoted Samer Cortas to partner.
Cortas joined the London-headquartered firm in October 2010 as a principal after spending more than 12 years in leverage finance.
Last year Cortas led a number of refinancings and recapitalisations across Vision Capital’s portfolio, including bond transactions for BrightHouse and Nordax Finans and bank and asset backed financings for Bormioli, Pirtek Europe, Pork Farms and Fletchers Bakeries.
Vision Capital CEO Julian Mash said, “I am delighted to welcome Samer to the partnership and recognise the great contribution he has made across the business. With an active pipeline of potential transactions, we look forward to continuing to deliver for our investors in 2014.”
Earlier this month Vision’s operating partner Johan Van de Steen left the firm to join distressed investment firm Strategic Value Partners.
In October 2013, AltAssets reported that the firm was looking to raise $1bn for its new fund. In the meantime, SVP is reportedly looking to sell plastic film maker Kloeckner Pentaplast to other private equity firms a year after Blackstone ceded control of the then debt-heavy business.
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