Permira, previously Schroder Ventures Europe, the UK-based private equity firm, has announced the appointment of Philippe Robert as a partner and head of its Paris office.
Robert joins the existing team based in Paris of seven professionals, including two partners. The firm also recently appointed Robert Van Goethem as a partner in Paris and this latest move prompted the company to say that it was intent on developing its business in France further.
Damon Buffini, Permira's managing partner, commented: “Philippe’s credentials and his exceptional leadership record make him an ideal choice to head our efforts in France, where we see enormous growth potential. We look forward to working with him to capitalise on the many opportunities we see in this market.”
Robert spent his career in investment banking both in Paris and London, first at BZW until 1998. He then DLJ, which became part of CSFB in 2000, in Paris. He was a managing director at the bank and focused on financing and M&A activities in the telecommunications, financial services and industrial sectors.
Permira employs over 100 people, based in Frankfurt, London, Milan, Paris and New York and the company manages E6bn of funds. During the last three years, these funds have invested in 15 buyouts with a combined transaction value of over E10bn. Most recently its name has been linked with the purchase of the Travelodge budget hotel and Little Chef restaurant chains being sold by the Compass Group.