Barclays PE installs new leadership

Tom Lamb, Gonzague de Blignieres and Peter Hammermann, based in London, Paris and Munich respectively, have been appointed new co-heads of the mid-market investor firm.

European mid-market firm Barclays Private Equity (BPE) has announced the appointment of Tom Lamb, Gonzague de Blignieres and Peter Hammermann as co-heads of the organisation.
 
The announcement follows the death of Graeme White, former managing director and head of BPE, in March.
 
Lamb, UK managing director, joined the firm 20 years ago, while Hammermann, managing director for Germany joined in 1998. De Blignieres, head of the France team, joined BPE in 1992.
 
De Blignieres’ promotion coincides with BPE’s French team having just completed the €320 million ($414 million) joint acquisition of French private hospital group Medi-Partenaires alongside Paris-headquartered Cobalt Capital.
 
According to de Blignieres, the two private equity firms intend to divide Medi-Partenaires’ equity evenly between them. Their aim is to double the size of the 14-hospital group in the next five years.
 
Following a formal launch in December 2004, BPE closed its second private equity fund to include commitments from third-party investors. The fund attracted €1.65 billion in commitments including a €700m anchor investment from parent Barclays Bank in February this year.
 
The fund is the successor to BPE’s first fund, which closed on €1.25 billion in 2002, and is approximately 80 percent invested. Prior to that, BPE had been investing exclusively on behalf of its parent.