Coller appoints investment director

Following the launch of its New York office last week, the UK secondary specialist has appointed former NIB Capital secondaries investment director Erwin Roex.

(PrivateEquityCentral.net) UK-based secondary sector investment specialist Coller Capital has appointed Erwin Roex as investment director.

 

Roex, a Belgian national, previously held key roles in finance and private equity in Europe, including most recently as founder and head of NIB Capital Private Equity's secondary investment business.

 

Roex was previously managing director of NIB Capital Private Equity predecessor Alpinvest Mezzanine. One of his achievements there was to lead what at the time was Germany's largest mezzanine transaction, a DM110m financing for the management buyout of heavy truck manufacturing industry supplier Jost.

 

Prior to Alpinvest, Roex was managing director of the structured finance group at Westdeutsche Landesbank Europa and Chase Manhattan Bank.

 

“We are delighted that Erwin has agreed to join Coller Capital,” Jeremy Coller, Coller Capital's founder and chief executive officer, said in a statement. “Roex commands great respect in the market for his abilities and track record, and the contribution he will make here at this very exciting stage in our growth will be of significant value.”

 

Coller raised the first-ever European secondaries fund in 1994, and closed its fourth fund, Coller International Partners IV, last October on $2.6bn, making it the largest global secondaries fund ever raised. Major Coller Capital transactions since 1998 involve portfolios previously owned by Shell US Pension Trust, NatWest Bank, Lucent Technologies’ Bell Labs, British Telecom, and Deutsche Bank.

 

The appointment comes a week after Coller announced the launch of an office in New York, its first in the US, which will be headed by Frank Morgan, a former partner at US law firm Dewey Ballantine.

 

In February, Coller teamed with New Venture Partners to acquire British Telecom’s in-house venture capital unit Brightstar. Also in February, Coller Capital participated in the acquisition, from Deutsche Bank, of its late-stage private equity portfolio in a E1.5bn deal, the largest-ever secondaries transaction. Coller Capital today is the second-largest owner of companies by number in the UK, after 3i.