Ardian appoints new direct funds senior advisor

Pierre-Antoine Gailly will advise the direct team on deal origination and supporting its portfolio companies.

Paris-based Ardian has appointed Pierre-Antoine Gailly as a senior advisor to Ardian Direct Funds. He will advise the team on deal origination, investment opportunities and provide support to its portfolio company.

Gailly is the founder and chairman of Eolienne, a consultancy and private equity firm. He was formerly the head of the Paris Chamber of Commerce and Industry, as well as CEO of clothing retailer Bon Marché, CEO of media group Desfossés International , Deputy CEO of financial information provider Fininfo, and chairman of the board of the Moulin Rouge.

The firm’s direct funds include the Ardian Mid Cap Buyout, Ardian Expansion, Ardian Growth and Ardian Co-Investment series.

Ardian Co-Investment IV closed on €1.1 billion in November last year. The fund received commitments from more than 50 investors globally, of which more than half were new, as reported by Private Equity International. It is already a third invested through 11 transactions, which include US pet retailer PetSmart and healthcare company CMG.

The firm’s co-investment team is comprised of 11 professionals who search globally for opportunities involving a small number of co-investors and has invested €1.7 billion since 2005. Its mid-cap buyout team has 27 employees, who invest €400-600 million annually. Its 18-strong expansion team has invested €49 million since 2013, while its growth team has three staff and thirty three portfolio companies, according to the firm’s website.

Ardian, which also has a fund of funds, private debt, real estate and infrastructure businesses, has $55 billion of assets under management and operates from 12 offices globally.