Sun European Partners, the European arm of US-based Sun Capital Partners, has bolstered its investment team through two new hires.
Andreas Bösenberg has joined as managing director of the Frankfurt office, where he will oversee the firm’s German operations and work on both the existing portfolio and the upcoming pipeline of deals. Michael Palm has joined as managing director of the firm’s new Swedish office in Stockholm, where he will be responsible for future acquisitions in the Nordics.
Both Bösenberg and Palm took up their positions in April 2015.
Prior to Sun, Bösenberg spent close to five years as deputy head of private equity and special situations at VTB Capital. Before this he was co-founder and managing director of Brockhaus Private Equity in Frankfurt.
Palm was previously founding partner and CEO at Seven Summits Capital, an investment and advisory company focused on private equity across Europe.
Alongside the new hires Tim Stubbs, who joined Sun in 2011, has been promoted to senior managing director. He will be responsible for the firm’s operations team in Europe and for the performance of its existing European portfolio.
All three will work alongside senior managing director Michael Kalb, who oversees Sun’s entire European transaction team.
Sun Capital is currently investing from its sixth buyout fund, a 2012-vintage which closed below its $3 billion target on $2.1 billion last summer.