London and New York-based Pamplona Capital Management has appointed Pedro Rapallo as an operating partner focused on Iberia, according to a statement from the firm.
In this newly-created role Rapallo, a Madrid native, will work alongside the deal team to drive new investment opportunities in Spain and Portugal. The firm currently does not have an office in either market.
Rapallo joins the firm from The Boston Consulting Group, where he was a partner and managing director focused on financial services in Iberia and wholesale transactional banking globally. Prior to BCG, Rapallo was a partner in the financial services team at Oliver Wyman, focused on corporate strategy, wholesale banking, and risk and capital management.
“Pedro’s insight will be invaluable for Pamplona Capital as we increase our focus on investment opportunities in Iberia,” John Halsted, managing partner at Pamplona, said in a statement.
Pamplona is currently investing its fourth private equity fund, Pamplona Capital Partners IV, which held a final close on €3 billion in June 2014. The firm can invest across the capital structure and in both public and private companies.
Fund IV has made a number of investments so far, among them the acquisition of BBB Industries, a remanufacturer and distributor of automotive parts in the US, polyethylene films producer Charter NEX, Partner in Pet Food, which it acquired from Advent International in a deal valuing the business at €315 million, and a 27.84 percent stake in Octo Telematics. The fund has also picked up a minority equity stake in New York-based healthcare marketplace Spreemo, and acquired healthcare revenue and supply chain management business MedAssets in a deal valuing the business at $2.7 billion.
Among Pamplona’s recent exits are the sale of a controlling stake in high growth pharmaceutical company Alvogen to a consortium including CVC Capital Partners and Singapore’s Temasek Holdings in a deal reportedly valuing the business at around $2 billion, and the partial exit of French funeral services provider OGF to Canadian pension fund Ontario Teachers’ Pension Plan.