Permira hires senior RBS pro, promotes three

Rory Cullinan, former head of equity finance at RBS, has joined Permira’s UK team while three existing staff have been made partners.

Pan-European private equity firm Permira has promoted Carlos Mallo, Sonja Mikic and Cheryl Potter to partners in its Spanish, German and UK offices respectively. At the same time, the firm has announced the appointment of Rory Cullinan, former head of equity finance at Royal Bank of Scotland (RBS).

Mallo joined Permira in 2003 and heads up the firm’s Spanish operation. The firm opened an office in Madrid in April 2004 and completed its first deal in October, when it acquired the 600 Spanish retail stores sold by Dutch supermarket group Ahold for approximately €685 million ($893 million).

Mikic is based in Frankfurt, where she recently re-joined Permira after a number of years with UK-headquartered private equity firm Cinven.

London-based Potter joined Permira in 1999 from Royal Bank Development Capital and focuses on the consumer sector. Among other transactions, she worked on the acquisition and disposal of UK DIY retailer Homebase.

Rory Cullinan joins the London office from RBS, where he was head of equity finance. Previously Cullinan had been a founding partner of investment capital firm Verdoso and the COO and CFO of Pembridge Investments, having begun his career at Citibank.

Permira is currently investing Permira Europe III, the €5.1 billion fund it closed in 2003. In total, Permira has committed capital of more than €11 billion under management.