Tasman builds team ahead of A$350m fundraise

The Nikko spin-out has hired Victoria Rohrsheim from Propel Investments as an associate director and CFO at the mid-market firm. Tasman Capital's management team now consists of six, four of whom were earlier at DB Capital Partners.

Tasman Capital Partners, which was formed through the management buyout of Nikko Principal Investments Australia from Citigroup in September, has hired Victoria Rohrsheim as an associate director and chief financial officer.

The firm now has a management team of six including three managing directors and three associate directors.

Rohrsheim joins Tasman from Australian private equity firm Propel Investments, where she spent a year. Prior to that, she spent six years at DB Capital Partners, the private equity arm of Deutsche Bank. She has also worked for three years at KPMG, before which she spent at four years at Arthur Andersen.

At Tasman, she will help look after the firm's portfolio of investments and will be the chief financial officer, Janine Middleton, a managing director of the firm, said. She will report to the three managing directors Middleton, Gene Lorenz and Rob Nichols.

Her appointment comes as the firm prepares to launch an A$350 million mid-market fund towards the end of the first quarter next year, Middleton said. The fund will focus on buyouts, buy-ins and roll-ups in Australia and New Zealand, she added. The firm’s maiden fund is expected to close in the third quarter of 2009.

It will be partly seeded with the portfolio the firm acquired as part of the management buyout. The companies in the portfolio include Hirequip, a New Zealand-based provider of equipment rental services, and FleetPartners, a fleet leasing business that manages more than 50,000 motor vehicles in Australia and New Zealand.

Gene Lorenz and Rob Nichols worked with Rohrsheim at DB Capital, before the two of them joined Nikko Principal Investments Australia at its inception in 2006. Middleton, on the other hand, was formerly a managing director at JPMorgan London, where she worked in the leveraged finance division.