Peak Rock Capital, a Texas-headquartered mid-market firm, has hired Carsten Beck as a principal in its Brussels office, according to a statement from the firm.
Beck will oversee the firm’s business development group in Europe, helping to manage relationships and overseeing the firm’s transaction sourcing efforts in the region.
Beck joins from Barclays, where he was a director in its investment banking division in London, working on public and private transactions in the manufacturing sector.
Peak Rock opened its Brussels-based European affiliate, Peak Rock Capital Europe SPRL, in 2014 to identify investment opportunities in the region, assist with cross-border acquisitions and support the firm’s North America-based portfolio companies with European expansion.
Peak Rock closed its debut fund in 2013 on its $700 million hard-cap, collecting almost twice as much as its initial $400 million target. Since then the firm has hired 25 investment professionals in North America and Europe and has completed ten platform acquisitions, including aerosol valve maker Precision Valve Holdings, tissue products manufacturer Atlas Paper Mills and Ontario-based mushrooms producer and distributor Highline Produce.
The platform investments in Peak Rock's current portfolio are all headquartered in North America, although several are cross-border businesses with operations in both North America and Europe. It is understood the firm is actively looking for Europe-based platform investments, which will be Beck's focus.
Peak Rock generally invests between $20 million and $150 million in companies with an enterprise value of between $25 million and $500 million, offering tailored capital solutions including debt, equity and hybrid capital structures, according to its website.