Industri Kapital rings the changes

Christopher Masek and Detlef Dinsel have joined the management team of the pan-European firm.

Industri Kapital, the continental European mid-market buyout house, has added two partners to its senior management group. The firm has also promoted three team members to partner.

Christopher Masek, a French national, is the partner responsible for the firm's activities in the French market. He joined the firm in 2000 from KPMG Corporate Finance, where he had been a founding partner. Detlef Dinsel, a German national, joined the firm in 1996 after a period as a consultant with Bain & Company. He is responsible for the firm's German activities.

The four existing members of the senior management group are all of Scandinavian origin. Gustav Öhman, the firm's chief executive for Western Europe, told PEO that the addition of Masek and Dinsel to the team was intended to reflect the geographical scope of the firm's business. 'We're no longer a Nordic firm with some activities outside the region, but a continental firm,' he said.

Aside from Ohman, Masek and Dinsel, the senior management group comprises chairman and CEO Bjorn Saven, Kim Wahl and Michel Rosenlew.   

In addition, the firm is promoting three of its team members to partner. Trygve Grindheim, a Norwegian national, has been with the firm since 1997, having previously worked for Morgan Stanley and CSFB. He takes over responsibility for the firm's activities in Denmark and Norway.

Dutchman Kristiaan Nieuwenburg joined the firm in 1999 from Lehman Brothers, and becomes responsible for activities in the Benelux region. James Yates, a British national, will remain in his current role with responsibility for finance and administration.

Industri Kapital describes itself as a European firm with Nordic roots. Since 1989, it has acquired 50 European companies, and its current portfolio encompasses 25 companies with a total turnover in excess of €9 billion. Last year the firm completed four investments and seven realisations. 

Last month the firm announced the final close of its latest fund, Industri Kapital 2004 Fund, on €825 million ($1.1 billion). The fund had been launched in 2002 with an initial target of €2.5 billion.