Cinven, a European buyout firm, has appointed three new partners and two principals in its London, Paris and Frankfurt teams, effective immediately.
Caspar Berendsen has been promoted to partner, having joined Cinven in 2003 as a member of the business and financial services team. Before Cinven, Berendsen worked at JP Morgan in London advising Dutch and Belgian clients. Fellow partners Matthew Sabben-Clare and Xavier Geismar joined Cinven from Merrill Lynch in 2005 and Boston Consulting Group in 2001 respectively.
Alexis Marie, at Cinven since 2005 where she has led transactions including NCP, Avio and Coor, has been promoted to principal. He has previously worked at Clayton, Dubilier & Rice and Goldman Sachs. Fellow principal Christoph Hoph joined 2004 in the firm's healthcare team, and was previously at UBS in the investment banking and hotel and leisure coverage divisions.
Like most large LBO firms, Cinven was relatively quiet in the second half of 2007, although it bought Nordic services business Coor Service Management Group from 3i for EUR 540m (US$793m) in November and sold down some of its share in French cable group Numericable to US investor Carlyle. In July, Cinven acquired Spanish healthcare group USP Hospitales from Spanish private equity firm Mercapital for EUR 675m.