Clayton Dubilier & Rice, the US buyout firm, has hired Bruno Deschamps, formerly a senior figure at Ecolab, as a partner in the London office. The appointment takes the number of the firm’s investment professionals in Europe to eight.
While at Ecolab, Deschamps was involved in integrating the cleaning and satiations products and service group’s European operations. Prior to becoming COO of the company in 2000, he held positions in several industrial concerns in Germany, France and the US.
CD&R’s European operation was established in 1999, where the group has since invested some $1.5bn in seven transactions. Its most recent investment in Europe was the purchase of Brake Brothers, the UK food supplier, which was acquired for £434m earlier this year.
CD&R, along Cisco Systems and Advent International, is also the largest shareholder in Italtel, the communications business sold by Telecom Italia in 2000. An E300m equity investment in Fairchild Dornier, the German aerospace group, was written off in April this year when the company went into receivership.
Deschamps’ appointment comes two months after Olivier Cognet, a former director of strategic business development at Cisco Systems joined the firm. It is expected that the firm will soon announce the appointment of another financial partners to join the London office.