Nordic private equity firm Segulah Advisor AB has announced the next phase in its succession plan, as founder and managing partner Gabriel Urwitz prepares to step down. Sebastian Ehrnrooth and Henrik Lif will be promoted to managing partners, sharing the role currently occupied by Urwitz.
The men will assume their roles on July 1, 2015.
At that time, Urwitz will become executive chairman.
“During Segulah's twenty year history, we have grown to become one of the most recognized and leading private equity investors in the Nordic region. This generational change is a natural and important step for Segulah as we continue to grow,” Urwitz said in a statement. “I remain fully committed for the next fund.”
Segulah is currently in market with its fifth buyout fund, targeting SEK 5.6 billion, according to Private Equity International's research and analytics division.
Ehrnrooth joined the firm in 2000 from CityMail, where he was the CEO. At Segulah, he has served as a board member for PMC Group, Scan Coin, Beerenberg and KP Components.
Lif joined the firm last year from CPS Color Group Oy, Helsinki where he was president and CEO. Prior to that role, Lif was a director at Nordic Capital in Stockholm. At Segulah, he is a board member of Kemetyl, Gunnebo Lifting/Blocks, CCS Healthcare and Docu Nordic.