Keensight Capital, a European growth investor, has promoted Magdalena Svensson to partner, according to a statement from the firm.
Svensson joined the firm as an investment director in 2014. She has been involved in several of the firm’s transactions in the past few years, including working on the creation of Italian group Demetra. A combination of two companies, Tecres based in Italy and aap Biomaterials based in Germany, Demetra is a bone cement and biomaterials developer, which Keensight backed in 2016.
Keensight closed its latest fund, Keensight IV, in October 2014 on its hard-cap of €250 million, above its initial €200 million target. The fund was “significantly oversubscribed”, as Private Equity International reported at the time.
Investors in Fund IV include the Rothschild Group, French financing and business development organisation Bpifrance, the Bankque Cantonale de Genève and European Investment Fund. The fund has also attracted ten new European investors, among them the CERN Pension Fund, French insurance corporation CNP Assurances, and Allianz France.
Keensight declined to disclose how far invested Fund IV is.
Keensight spun out from R Capital Management, a subsidiary of the Rothschild Group, in November 2013 with three managing partners, Jean-Michel Beghin, Jérôme Pujol, and Pierre Remy. Following the spin-out Keensight acquired R Capital Fund III, a 2010-vintage €100 million vehicle.
In February Keensight appointed Arnaud Cohen as a partner and chief operating officer. Cohen oversees financial, legal and tax issues for the group, as well as taking charge of functions such as compliance. He is also in charge of the implementation of best practices in investment structuring and portfolio company follow-up, the firm said at the time. In 2015 Keensight named Alexandre Carrot as chief financial officer, a newly created position. He was previously a deputy CFO at rival European private equity firm LBO France.