US-based Avista Capital Partners has named Arthur Zuckerman as its newest chief operating officer and partner. Zuckerman will help ensure the firm reaches compliance with pending US Securities and Exchange Commission registration requirements imposed by the Dodd Frank Act and will provide support for the firm’s continued expansion, Avista said in a statement.
In June, the firm formed London-based Avista Capital Europe as part of its strategy to expand into Europe.
Before joining Avista, Zuckerman acted as chief executive officer of The TriCycle Group, a consultancy firm focused on the operational improvement of private equity houses. Prior to that, Zuckerman worked as the managing director and chief executive officer of investment banking boutique Evercore Partners.
Zuckerman said in a statement he was “thrilled” to be joining Avista, and that in the near term the firm would focus “on the smooth integration” of Avista’s new London office and finding further recruits for the firm’s accounting team.
Zuckerman brings “25 years of extensive experience applying technology and project management expertise to private equity operations, which will be invaluable to Avista as we advance our initiatives for strategic growth”, said Thompson Dean, Avista’s co-managing partner and co-chief executive officer, in a statement.
Zuckerman will also be instrumental in ensuring Avista has the “appropriate best-practice back-office capabilities and accounting structure to support these efforts, which include the expansion of our investment focus into the consumer and industrial sectors”, Dean added.
Avista has approximately $4 billion of capital under management and targets investment in energy, healthcare, media, and select industrial and consumer businesses.