Private Equity Professionals

IK and Bridges make partner promotions

IK Investment Partners has promoted two of its younger executives to partner in recognition of their contribution to the firm’s success, while UK firm Bridges Ventures has also raised three of its team to partnership.

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Rémi Buttiaux and Remko Hilhorst, who both joined London-headquartered buyout firm IK Investment Partners in 2001, have been promoted to partner.

Rémi Buttiaux

The pair’s promotion brings the total number of partners at IK to 13, according to the firm.

Buttiaux, 36, previously worked at Morgan Stanley and French buyout firm PAI Partners. He is based in IK’s Paris office, and sits on the boards of Dynea, Savena and Snacks International.

Hilhorst, 37, joined IK from HAL Investments’ Rotterdam office. He is based in London, and sits on the boards of Doedijns, OV Group and Wehkamp.

IK enjoyed several lucrative exits last year. It sold French energy services business Idex for an undisclosed sum in August, having sold refined materials company Magotteaux for a 6x return earlier in the month. It also sold French building materials company Groupe Etanco to UK-listed 3i Group for €370 million in September.

Anne-Marie Harris

Sustainable growth investment group Bridges Ventures has also promoted some of its team to senior positions. The firm, which earlier this month appointed Clara Barby as “head of impact” to measure the social and environmental impact of the firm’s investments, has made Anne-Marie Harris, Alistair Tillen and Garret Turley of the Bridges’ Sustainable Growth Funds partners. In addition, Simon Ringer, head of property funds at Bridges, has been appointed to the firm’s board.

Ringer’s promotion to the board recognises his work in building Bridges’ two property funds – Bridges Sustainable Property Fund and CarePlaces Partnership – the firm said in a statement.