CVC hires Goldman Sachs banker to head German team

The appointment does not mark a significant shift in CVC's strategy

European buyout firm CVC Capital Partners has appointed Alexander Dibelius to head its business in German-speaking Europe, it is understood. Dibelius, who is due to leave his post at Goldman Sachs in July, will also sit on CVC’s global board.

The appointment does not represent a significant shift in strategy for CVC, which is already very active in Germany. At the beginning of June, the firm announced it had agreed to buy a majority stake in German perfume and cosmetics retailer Douglas from Advent International, as previously reported by Private Equity International. CVC invested in the company, valued at around €2.8 billion, alongside the Kreke family, which will retain a 15 per cent stake.

Dibelius joined Goldman Sachs in 1993 and led its German business before he stepped down in October to become co-chairman of Goldman's global investment banking unit, according to reports. Prior to a career in banking, Dibelius worked at McKinsey and before that was a heart surgeon.

CVC declined to comment.