European buyout firm Duke Street Capital has strengthened its French operations with the appointment of Mark Foulds, a former director of Bridgepoint Capital in Paris where he spent seven years focusing on mid-market buyout transactions.
The appointment increases the number of professionals at the firm’s Paris office to six. The Duke Street team is headed by managing director Frédéric Chauffier.
“Duke Street has known Foulds for a long time and we are looking forward to working together with him,” said Chauffier in a statement. “His extensive experience and contacts will strengthen Duke Street’s position in the French market.”
Duke Street Capital, which invests in companies with enterprise value of E30m to E300m, has been an active participant in the French private equity market for over 12 years. In July 2003, the firm acquired Galaxie, a European budget hotel operator for around E200m.
In May 2000, Duke Street acquired a majority stake in Marie Brizard et Roger International, in a public-to-private transaction.
In addition to Chauffier and Foulds, Duke Street’s French team comprises Boris Zaitra, who joined in 1999 from JP Morgan; Jamie Weir, who joined in 1990; Samantha da Soller, who joined in 2001 from Donaldson Lufkin & Jenrette in London and Béatrice Vivier, who joined in 2003 as an investment manager from BC Partners in Paris.