TA Associates hires London vice president

The appointment of former Lazard investment manager Christopher Parkin will help the US-based private equity firm expand its activities in Europe.

Boston-based private equity firm TA Associates has appointed Christopher Parkin as a vice president in its London office.
Parkin joined TA Associates at the beginning of this week and to focus on growth equity capital, leveraged recapitalisations and management buyouts in Europe.

Parkin: expanding TA’s activities in Continental Europe

Parkin was previously at Lazard Private Equity, where he served as an investment manager with a specific focus on middle market investments in Western Europe. Before that, he was a manager at Bain & Company’s private equity group in London and New York.
TA Associates currently has six investment professionals in its London office, which is headed up by Ajit Nedungadi, formerly an associate at Investcorp and an analyst in the M&A department of Credit Suisse First Boston.
Nedungadi told PEO that TA Associates’ primary emphasis in Europe is on the UK and German-speaking countries, but that Parkin’s appointment would help “grow our emphasis in France and the Continent in general”.
TA Associates has been investing in Europe since early 2001, with Nedungadi overseeing investments from the firm’s Boston headquarters prior to the opening of the London office in 2003. Nedungadi added that the firm expects to make a “couple more” hires in the London office over the course of 2006.
Parkin’s appointment forms part of a busy week for TA Associates, which also announced the closing of a $3.5 billion (€2.9 billion) private equity fund and a $778 million subordinated debt fund on Monday. On Tuesday, the firm announced that it will buy securities lending company eSecLending from the UK’s Old Mutual for an undisclosed sum.
The previous Friday, TA Associates completed a $90 million investment in Israeli medical laser technology business Alma Lasers.
Founded in 1968, TA Associates currently manages more than $10 billion in capital and has invested in over 360 companies. The firm, which also has an office in Menlo Park, California, focuses primarily on the technology, financial services, business services, consumer and healthcare sectors.