London-headquartered private equity firm Duke Street Capital has appointed Didier Bismuth, formerly a director at Apax Partners France, as a partner in its Paris office.
Bismuth, 37, will join Duke Street’s French operation, headed by managing partner Frédéric Chauffier, later this month.
Prior to joining Apax in 1995, Bismuth spent five years at Ernst & Young as a consultant.
In March, Duke Street’s Paris office sold its 70 percent stake in Paris-listed French drinks company Marie Brizard & Roger International to Polish vodka distributor Belvedere for €213 million. In 2005, the French team acquired Paris-based private hospitals business Groupe Proflic and sold hotel company Financière Galaxie to Paris-listed private equity group Eurazeo, both for undisclosed sums.
Duke Street is currently in the process of raising its sixth fund, the first since founder Ed Truell left the firm to set up his own business last June. The new vehicle is expected to have a similar size as its predecessor, DSC V, which raised €845 million in 2001.