Second age of Mann for Merrill
Merrill Lynch has re-hired its former head of global high yield, Jack Mann, who is currently managing director at Carlyle Group's collateralised debt obligation, as global head of leveraged finance origination. In his new role, Mann will oversee all aspects of loan and high yield bond origination at Merrill Lynch, and will work closely with the relationship management and corporate finance groups. The appointment is part of a restructuring programme at Merrill's leveraged division as it seeks to enhance its corporate client services. Jeff Chandler will work alongside Mann, head of leveraged finance trading and risk. The appointment represents Mann's second spell at Merrill Lynch. He spent twelve years at the company between 1986 and 1998 as head of global high yield capital markets.
LGT expands executive team
The Swiss-based alternative investment firm, LGT Capital has increased its management team. Maximilian Brönner, who recently oversaw the €192m Crown Technology Ventures fundraising, has been made a partner. LGT has also appointed Tycho Sneyers as a vice president and will be head the firm's business development team. Previously, Sneyers worked at Altgate Capital, Goldman Sachs and Andersen Consulting. Other promotions to vice president within LGT Capital Partners include Wolfgang Müller in the private equity investment team, Viktor Ula in the Hedge Fund Investment Team, and Giacomo Biondi Morra in the Business Development Team.
Gilde hires former Kappa IT MD
Gilde, the pan-European venture capital firm that specialises in software and communications investments, has confirmed that Alexander Lewald is joining the firm as a director and partner of the Gilde IT Fund. The appointment comes in the same month Lars Lindell joined Gilde IT as partner after a spell at nCoTec Ventures in London. Lewald joins Gilde IT from Kappa IT Ventures, the information technology investor, where he was managing director. The departure of Lewald is the second significant departure this year for Kappa IT Ventures, the European Co-operation Partner of US-based venture capital group VMSI (formerly AT&T Ventures). Marc Breitfeld, the former chief financial officer and principal of Kappa IT Ventures, left to join AdAstra Venture Consult in January 2002.
New European MD for Carlyle's VC fund
The Carlyle Group has announced the appointment of Wolfgang Hanrieder, former managing partner at Star Ventures Management, as a managing director for its European VC fund, Carlyle Europe Venture Partners (CEVP). Dr Hanrieder will join Carlyle managing director Jacques Garaialde as co-head of CEVP. He will be based in Carlyle's offices in London and Munich. Whilst at Star Ventures, a Munich-based international venture capital firm with $1bn under management, Dr Hanrieder oversaw more than 20 deals in the IT and medical sectors. ?Carlyle offers a much broader private equity environment to work in,? said Dr Hanrieder. CEVP invests in companies at all stages of development, committing up to €30m over the lifetime of an investment. The 17-member team is drawn from a wide number of European nationalities and a broad spectrum of professional experience.
Norton Rose appoints private equity chief
David Baylis, currently head of private equity at Hammond Suddards Edge, will join UK law firm Norton Rose as head of its 15-strong team of private equity partners across Europe. The last 12 months have already seen lateral hires of private equity partners, Eric Laplante and Thierry Leleu in Paris and Eric Michel, Ralph Drouven, Dirk Otto, Katharina Specht-Jonen, Alex von Bergwelt and Frank Herring in Germany.
Copan moves into Europe
The US venture capital firm has appointed Spencer Hyman, a former Amazon executive, as director of its London office. Prior to joining Copan, Hyman was retail director of technology products at Amazon.co.uk, the European subsidiary of Internet retailer, Amazon.com. As retail director, Hyman built the company's team of experts on electronics, software and video games. Copan said it intended its London base to provide its portfolio companies with a presence in the UK market to help enable growth.
WPE appoints German MD
West Private Equity, has announced the appointment of Dr Matthias Graeper as managing director of its German operations. Graeper will be responsible for WPE's investment business in Germany, Switzerland and Austria and will be based in the company's German headquarters in Dusseldorf. The appointment of Graeper has completed the German team, following on from the transfer of Dieter A Royal and Konstantin von Falkenhausen from the company's London offices.
Lazard continues transformation of Eurazeo
Patrick Sayer, a managing director at Lazard, has been appointed chief executive of Eurazeo, the entity that is being transformed from a holding company into a dedicated private equity house by the investment bank. Sayer's appointment follows the recent hiring of Xavier Marin from ING Barings as co-head of investment and Philippe Audouin, the former finance director of Europatweb, who has been appointed finance director.