Zug-based Invision Private Equity, a lower mid-market firm that operates across the German-speaking market, has hired Peter Kroha, a former Montagu Private Equity executive, to head up its new German office.
Based in Dusseldorf, Kroha will target investments in Germany, according to a statement.
Prior to Invision, Kroha spent 15 years at UK-based Montagu, where he was responsible for all investment activities in the DACH region. He left the firm in March 2013, PEI reported at the time. Previously, Kroha worked at HSBC Investment Bank, where he focused on mezzanine finance.
Invision is currently investing its fifth buyout fund, which closed in June 2013 on its €285 million hard-cap. The firm typically invests in companies with an enterprise value of between €30 million and €100 million across Germany, Austria and Switzerland.
In February, the firm acquired a majority stake in German rehabilitation provider Pfeifer. In January, Invision sold Feintechnik, a German manufacturer of razor blades. Terms of the deals were not disclosed.