Victoria Robson
Richard Lenane takes over from co-founder Hugh Richards who is due to retire from the firm in June.
The European mid-market firm’s latest investment from its flagship fund comes as it continues to amass capital for its debut small-cap vehicle.
.jpg "ADIA appoints GE Capital veteran as PE head")
Sherwood Dodge will oversee the private equity programme at the $777bn Abu Dhabi sovereign wealth fund, which has an increasing focus on direct and co-investments.
The firm has sent a PPM to investors for its latest vehicle.
The firm has announced 43 new partners, managing directors and directors globally.
Sweden’s Sixth National Pension Fund still believes consolidation would have been the ‘best idea’ for managing its unlisted assets.
Deal value in Europe has increased by about €10bn a year since 2013, hitting the highest levels since 2007 in 2015, according to the Centre for Management Buy-out Research.
.jpg "Corpfin exits Acuntia, picks up Eurogamma")
The Spanish mid-market firm booked 4x through the sale at the end of 2015.
Hugh Mumford, who retires after 34 years at the firm, is succeeded by Alex Fortescue as part of a succession plan in the works since 2010.
Private equity firms continue to be attracted by opportunities to invest, driven by the region’s large population and rising consumer spending, according to the African Private Equity and Venture Capital Association.