KKR Hires Gianemilio Osculati

Kohlberg Kravis Roberts has hired Gianemilio Osculati, chairman of Italian diversified financial holding company Valore as a senior adviser.

Osculati will be based in Italy and work closely with KKR director Mattia Capriolli in order to develop investment opportunities in the country.

In addition to Valore, Osculati has also been managing director of Bocconi University, chairman of McKinsey’s Italian and Mediterranean office and managing director of Deutsche Bank’s operations in Italy, in addition to positions at IBM and Boston Consulting Group. He is also a member of the board of Société Générale, Banca Fideuram, white goods multinational Merloni Termosanitari Group and Italian textile retailer Miroglio Group.

KKR’s activity in Italy in recent years includes the sale of Selenia, an automotive lubricants business previously owned by Vestar Capital Partners, to Malaysian petroleum group Petronas for more than €1bn; and its involvement in electrical equipment manufacturer Bticino, owned by French electrical retailer Legrand, in which KKR and French investor Wendel invested €5.1bn in 2002.

The hire comes just days after reports broke in the US that KKR’s head of infrastructure, George Bilicic, has rejoined Lazard as part of the investment bank’s power and utility mergers and acquisitions group.

Bilicic only arrived at KKR in June of this year and Lazard has confirmed that the move is immediate effectively. As chairman of Lazard’s power, utilities and infrastructure group, Bilicic is effectively back in the job he held before defecting to KKR.

Source: Thomson Merger News