InvestIndustrial hires digital guru in New York

The Southern Europe-focused firm has also shifted some of its key operations to London.

InvestIndustrial, the Southern Europe-focused private equity firm, has hired Carlo Privitera, who held a number of leadership positions at eyewear giant Luxottica, as partner in New York to lead the group’s portfolio company digitisation efforts.

Privitera joined Luxottica in 2005 and held a number of positions within the group, including corporate CIO, chief operating officer and president of subsidiary company glasses.com, according to his LinkedIn profile. He joined InvestIndustrial in May as partner, technology and digitisation.

InvestIndustrial closed its sixth fund on its €2 billion hard-cap in February, making it the first fund of its size to focus primarily on Southern Europe. Its strategy is to invest in European mid-market businesses headquartered in Italy, Spain, Portugal or Switzerland and with strong potential of internationalisation. The firm can, however, make investments outside of this region – as it did for example with UK-headquartered car company Aston Martin.

The firm has also moved some key members of its operations team from Lugano on the Swiss-Italian border to London, bringing its investor relations, legal and ESG teams together under one roof.

Carl Nauckhoff, the firm’s head of investor relations, moved to London in late June – arriving on the morning of the UK’s vote to leave the EU. Marco Pierettori, the firm’s head of compliance and governance, is also moving to the London office, along with Fabio Rosati, vice-president, investor relations.

“London was the natural choice given that the majority of our capital base is located between the US east coast and London,” Nauckhoff told pfm.

At the same time the firm has increased the headcount in its Lugano and Barcelona offices for its local advisory teams, said Nauckhoff.

The firm has also hired Carlo Privitera, who held a number of leadership positions at eyewear giant Luxottica, as partner in New York to lead the group’s portfolio company digitisation efforts.

The firm has seven offices globally, four of which are in Europe.