Cinven hires Investcorp veteran

Thilo Sautter has left Investcorp after 13 years to jointly lead Cinven’s activities in German-speaking markets.

Cinven’s roster of partners will number 22 following the hire of Thilo Sautter from Investcorp.

He will join Cinven in 2011 and will jointly lead the European firm’s activities in German-speaking markets alongside Cinven partner and Frankfurt office head Bruno Schick.

Thilo Sautter

Sautter had worked for 13 years for Investcorp, where he was responsible for investments in German-speaking markets, a member of the investment committee and headed the business services sector team. Deals he led included the purchase and exit of car park operator APCOA and of fire prevention company Minimax.

Hugh Langmuir, Cinven’s managing partner, said in a statement that Sautter’s experience will be valuable as the firm approaches “the next stage” of its investment strategy. “Europe is the largest economy in the world. We have a 30 year investment track record in this region and there remains significant potential to generate value for investors,” Langmuir said.

PEI spoke with Langmuir in-depth earlier this year to canvass his views on what the future holds for Cinven as well as the European private equity market.