Mid Europa founder passes mantle to new generation

Founder and managing partner Thierry Baudon is stepping into an executive chairman role after 17 years, as Robert Knorr and Matthew Strassberg take over as co-managing partners.

Thierry Baudon, founder and managing partner of Mid Europa Partners, is stepping into an executive chairman role after 17 years at the firm’s helm, according to a statement.

Robert Knorr and Matthew Strassberg will take over as co-managing partners of Mid Europa, which focuses on buyouts in Central and Eastern Europe and Turkey.

Knorr and Strassberg will take on overall management responsibility for the business and steer the firm’s investment strategy. Baudon will continue to chair Mid Europa’s invest committee and focus on the firm’s medium-term strategic development.

Knorr and Strassberg, who joined Mid Europa in 1999 and 2002 respectively, serve on the firm’s investment and management committees. Knorr heads Mid Europa’s origination effort in South East Europe and its retail and consumer practice. Strassberg heads the firm’s healthcare practice and co-heads the Warsaw office.

In the statement, Baudon said he was delighted to see the firm’s succession plan “rolled out as anticipated”.

“Robert and Matthew are both outstanding professionals with very strong track records and a successful history with the firm,” he said. “Most importantly, they have worked together at Mid Europa for close to 15 years, and became key members of the firm’s senior team over that period. I am very confident about their ability to further strengthen Mid Europa’s leadership position and look forward to working with them to grow the firm further.”

Baudon founded Mid Europa in 1999, having previously headed the international finance division of the SUEZ Group and held senior positions with the European Bank for Reconstruction and Development and the International Finance Corporation. The firm has more than €4.3 billion in assets under management, and closed its fourth buyout fund on €808 million in 2014.

Investors in that fund include AP Fonden 2, the second Swedish national pension fund, Singaporean sovereign wealth fund GIC, EBRD, Florida State Board of Administration and AlpInvest Partners, according to PEI Research & Analytics.