Advent grows in London, Warsaw

The US private equity firm has recruited three new executives to expand its teams in Western and Central Europe.

US private equity firm Advent International has made three appointments at its European offices in London and Warsaw.

In London, the firm has hired former JP Morgan partner Georg Stratenwerth as a partner. Stratenwerth began his career in consulting, first with Mercer Management Consulting and then with Roland Berger Strategy Consultants. In 1993, he joined JP Morgan Partners working in London and New York, before moving to Munich where he became partner responsible for investment activities in Germany. He will be responsible for sourcing larger industrial investments across Europe, with a particular focus on the German-speaking countries. A spokesperson for Advent said Stratenwerth would work closely with Ralph Nuep's German team based in Frankfurt.

 

In Poland, Advent has hired Khai Tan to head the firm’s Warsaw office. Tan began his career with ING Group, working in Brazil and the Philippines and, for six years, in Warsaw where he established and developed ING’s corporate banking and capital markets activities.

 

Also in Poland, Katarzyna Biezychudek joins the firm’s Warsaw office as an sssociate. Biezychudek joins Advent from CSFB where she was a member of the bank’s global industrial and services group, working on debt and capital market transactions.

 

News of the European hires comes two weeks after the firm announced the appointment of Beverly Berman as head of investor relations and fund marketing activities in the US.

 

Advent is one of the most active international private equity providers in Central and Eastern Europe. Last week, the firm acquired Polish construction materials group Bolix for around $40m. Last month, the firm acquired 90.7 per cent of the shares of Terapia, Romania’s third largest pharmaceuticals business, and will take the company private from the Bucharest Stock Exchange in the next few months.

 

The firm is also currently embroiled in negotiations with the Bulgarian government as it attempts to secure a deal to acquire BTC, the Bulgarian telecoms group put up for sale last year.