(1888PressRelease)
October 20, 2007 - A leading analyst was hired to help to identify opportunities for leveraged buyouts, joint ventures and other direct investments, and to oversee the management and strategies for those businesses.
Appia’s newest recruit has been president of several companies within the retail sectśę$(Ťż’Charmaceutical sector. The head of Appia Capital’s private equity and merchant banking divisions, said: “Operating partners are critical to our strategy of building a world-class private equity franchise and we are pleased to welcome such a leading expert to the team.”
Sources close to the company say Appia Capital began fundraising for a $6bn buyout fund earlier this month. The fund will focus on buyout opportunities in Europe. The bank has contributed $2bn of its own money to the fund to date.
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