Cinven’s Franssen joins GMT

Former Cinven principal Stefan Franssen has left the firm to join media- and communications-focused private equity firm GMT as partner.

Stefan Franssen, a former principal at European private equity firm Cinven, has left the firm to join London-based specialist private equity firm GMT Communication Partners.

A German national, Franssen worked within Cinven’s technology, media and telecommunications team, based in Frankfurt. He spent eight years with the firm, having previously worked in M&A at Merrill Lynch and consulting at Gemini.

Stefan Franssen

Franssen joins GMT as a partner and will work on all aspects of deal origination, investment management and portfolio company oversight, a statement from GMT said.

He becomes GMT’s fifth partner after Natalie Tydeman, who has been with the firm since 2007, was promoted to partner level in February.

GMT invests in companies in the media, information, entertainment and telecommunications industries and is led by its two co-founding managing partners, Tim Green and Jeff Montgomery.

The firm is currently investing GMT Communications Partners III, which closed in July in 2007. From its base in London, GMT invests in companies across Europe and last year it completed a number of add-on acquisitions for portfolio companies, such as the acquisition of Nordic assets media group Reed Business Publishing in September by GMT portfolio company DOCUgroup.