Michael Kalb, who previously divided his time between the group’s US and European offices, starts officially as London-based head today. His family will move to London at the end of the US school year in the summer, a source close to the firm said.
In London, Kalb will lead the firm’s advisory team on European transactions and assumes responsibility for the day to day running of Sun European Partners. Previously, the European group was managed jointly by a group of senior executives, according to a spokesman for the firm. The firm’s affiliates have offices in Paris, Frankfurt and Luxembourg.
In 2011, we are building on the strong momentum generated in 2010 and are continuing to pursue opportunities on a pan-European basis.
Last year, SEP completed 14 deals in Europe, having broadened its investment strategy to include investments in underperforming and healthy businesses as well as those in distress which had been previously been its sole focus.
Kalb said: “The evolved transaction focus has brought Europe’s investment strategy in line with Sun Capital Partners’ broader approach across all markets. As a result, 2010 was a record year for Sun European Partners and its affiliates. In 2011, we are building on the strong momentum generated in 2010 and are continuing to aggressively pursue opportunities on a pan-European basis. I look forward to working with the team at Sun European as we seek to expand Sun Capital Partners’ investment activity.”