Cinven hires junior execs

The London-headquartered private equity firm has hired a principal and four associates across its London and Frankfurt offices.

Cinven, the pan-European private equity provider has appointed five new investment executives in its London and Frankfurt offices.

Valerio Massimo has joined the London office as a principal from TDR Capital, the UK-based mid-market private equity firm established by Manjit Dale and Stephen Robertson in 2002. Previously he worked at consultancy firm McKinsey & Co.

Cinven recently lost partner Dominic Murphy to Kohlberg Kravis Roberts, according to a report from Financial News.

The three associates joining the London office are Edward David from CSFB, Mark Taylor from the Boston Consulting Group (BCG) and Supraj Rajagopalan, also from BCG.

Christoph Hobo has joined Cinven’s Frankfurt office from UBS in London, where he worked in the hotel and leisure coverage team.

Commenting on the appointments, managing partner Robin Hall said in a statement: “2004 has been a period of unprecedented growth for Cinven. We are always on the lookout for the best people in the marketplace and I’m delighted to welcome all of our new recruits.”

In July, the firm boosted its London-based investor relations team with the appointment of Alexandra Hess from Oak Hill Capital Management, to work alongside partner Andrew Joy.

Earlier this month Cinven acquired German fashion group CBR Holding for an undisclosed purchase price understood to be around €1 billion.

Last month, the firm teamed up with global private equity house Apax Partners to acquire VNU World Directories, a directory publisher, for €2.075 billion ($2.5 billion) from Dutch information and media company VNU.

Cinven was established in 1977 and has offices in Frankfurt and Paris as well as London.

The firm is currently investing from its €4.4 billion ($5.4 billion) third buyout fund, which closed in April 2002.