HgCapital, a pan-European mid-market private equity firm, has promoted Justin von Simson to partner in its Munich office.
Von Simson joined HgCapital as an associate in 2003, having previously worked for both Goldman Sachs and Deloitte. He was promoted to associate director in 2005 and director in 2007.
Transactions he has worked on in the past five years include Hofmann Menü, a frozen food business bought in 2005 and sold last November to Dutch investor Gilde Buyout Partners; Schenck, a weighing and feeding components company bought in 2005 for €205m (US$265m) and sold to Industri Kapital in 2007; Hirschmann, an electronic components group bought for €115m in 2004 and sold to Belden in early 2007 for €245m; the acquisition of a majority stake in lighting group SLV, which has an enterprise value of €320m, in August 2007; and KVT, a Swiss fastenings business bought by Capvis in July of this year for €325m, a transaction which HgCapital joined in September.
The appointment brings the number of partners in the Munich office to three. HgCapital currently employs more than 80 staff across 10 nationalities, with offices in London, Munich and Amsterdam.
Source: Thomson Merger News