London-based partner Chris Hemmings has been appointed head of the European private equity team at PwC Corporate Finance.
Hemmings succeeds Peter Jacobs, who will remain within the business to develop major corporate finance relationships and to work with the group’s advisory board.
Jacobs headed up the private equity group for the last 12 years, building a team of 70 professionals in 13 European countries. Since 1998, the team has advised on 200+ transactions, totalling over $26 billion (€21.4 billion).
Hemmings, a private equity partner since 1995, has helped develop PwC’s private equity practice in Europe in recent years. Recent transactions he has advised on include the HgCapital-led public-to-private of W.E.T Automotive Systems in Germany and the French acquisition of SigmaKalon by Bain Capital.
PwC has also announced the appointment to its private equity group of partner Tony Kenny who moves to the London office having previously headed up the firm’s corporate finance practice in Britain’s South West. Kenny will lead the group’s marketing and business development.
Malcolm Wren has also been promoted to director in the private equity team.
Commenting on the appointments, which he described as a “planned transition” in a statement, Peter Jacobs said that they “demonstrated the depth and maturity of our European private equity team”.