MD leaves CSFB Private Equity in London

Reid Perper, one of two London-based MDs at the bank’s private equity unit, has left the business three years after joining the bank.

CSFB Private Equity, the global private equity arm of the Swiss bank, has confirmed that London-based managing director Reid Perper has left the bank’s European headquarters.

 

Speaking to Bloomberg, Gavin Sullivan, a spokesperson for CSFB, confirmed that Perper had left the firm, declining to comment on the reasons for the departure.

 

Alongside Colin Taylor, head of the bank’s European private equity operations, Perper was one of two London-based managing directors at CSFB Private Equity. He became part of the CSFB Private Equity team in 2000 following CSFB’s $11bn takeover of US investment bank Donaldson Lufkin & Jenrette.

 

Perper joined DLJ in 1989 as an investment banker and moved to DLJ Merchant Banking when the private equity unit was founded in 1992.

 

Following the merger with CSFB, he was primarily involved in acquisitions in the European healthcare sector, including last year's E1.2bn acquisition of Danish pharmaceuticals group Nycomed Holdings. According to Bloomberg, the bank said there were no immediate plans to bring in a replacement.

 

CSFB Private Equity, which is headed by Larry Schloss in New York, is one of the largest managers of alternative assets in the world, with over $25bn in funds under management. The unit is comprised of investment funds that focus on domestic and international leveraged buyouts, structured equity investments, mezzanine investments, real estate investments, venture capital and growth capital investments and investments in other private equity funds.

 

Last month CSFB Private Equity agreed to buy Jostens, a US maker of school yearbooks and class rings, for $500m from fellow private equity house Investcorp.

 

Earlier this year, the firm completed the sale of UK leisure and bingo club operator Gala to a consortium of Candover and Cinven for £1.24bn.