LBO Partners names chairman

The French private equity firm has promoted from within after one of its co-founders left the firm

LBO Partners deputy managing director, Rémi Matuchansky, will become chairman of the firm’s executive board following the departure of co-founder Bertrand Fesneau.

The future plans for Fesneau, who co-founded LBO Partners in 2004, are unknown. Fesneau was unable to return a request for comment by press time.

The new chairman, Matuchansky, was also a co-founder of LBO and has more than 20 years of experience in private equity, with six of those years at 3i, and has managed investments of almost €300 million in about 20 leveraged buyouts, according to the firm.

Replacing Matuchansky as deputy managing director is associate director Gontran Duchesne. He has 15 years of experience in private equity, including six years at Compagnie Financière Rothschild.

LBO Partners, formerly CM-CIC LBO Partners, specialises in mid-market buyouts with companies with an enterprise value between €30 million and € 150million with a focus on the technology, software and healthcare industries.