Terra Firma ex-MD to join DH Private Equity

Terra Firma Capital Partners’ former head of Nordic investments is set to join DH Private Equity Partners, Private Equity International has learned.

Jyrki Lee-Korhonen, a managing director who spent a year at the London-headquartered buyout firm and departed in May, will focus on sourcing deals in Europe with a particular focus on the Nordic region, according to a spokesman for DH Private Equity. He will start in November.

PEI previously reported that DH Private Equity, formerly known as Doughty Hanson before it rebranded in May, is set to launch a €1 billion euro fund in the second half of this year, its first in a decade.

Private Equity News first wrote about Lee-Korhonen joining DH Private Equity.

Korhonen is one of a series of senior figures who have left Terra Firma in the past year, with former First Reserve dealmaker Alex Williams leaving in April and Peter Miholich, who headed up its support capital unit departing late last year.