Pioneer Point Partners, a London-based lower middle market private equity firm focused on opportunities in Europe, has announced two new investments and three new hires. The company’s new investments include Masotina Spa, a northern Italian waste and paper recycling company, and Peak Gen Power, which builds, owns, and operates peaking power plants in the UK. Terms of both transactions have not been disclosed.
Pioneer, founded in late 2008, has meanwhile brought aboard Jens Düing, who joined Pioneer last year from Fidelity Equity Partners; Edoardo Luciani, who the company earlier this year from L.E.K.; and Cyril Gautier, who joined Pioneer this year from Société Générale.
Pioneer Point Partners LLP was formed in late 2008 to exploit a market opportunity to build a new market-leading franchise in the European lower mid-market. Pioneer specialises in growth-driven buyouts and expansion capital investments in Europe in the Energy, Environment and TMT sectors with an equity investment range of €10-50 million. The founding partners of Pioneer are Terrence Tehranian, Sam Abboud, Giuseppe Curatolo and Rupert Shaw who have a combined private equity experience of 59 years and 21 led deals and a track record of producing superior returns for a global investor base.
In May 2011 Pioneer acquired Masotina Spa (www.masotina.it), a leading northern Italian waste and paper recycling company. Pioneer and existing management have bought out Masotina’s family owners and Pioneer has committed significant further funding for the acquisition of identified targets and capex to promote aggressive organic growth. Founded in 1937, Masotina Spa is a Milan-based provider of waste and paper recycling services nationwide, with a global customer base, and operates two recycling facilities.
In August 2010 Pioneer backed Peak Gen Power Ltd, a company formed to build, own and operate peaking power plants in the UK (www.peakgen.com). Pioneer has committed significant capital to enable Peak Gen to build a portfolio of 200-300MW in the next 3-5 years. Peak Gen is currently building its first plants having been awarded long term contracts with the National Grid.
To assist in managing Pioneer’s growing portfolio and pipeline of pending new investments, the firm has expanded the investment team with three hires. Jens Düing joined Pioneer in 2010 from Fidelity Equity Partners and is a German national. Edoardo Luciani joined Pioneer in 2011 from L.E.K. Consulting and is an Italian national. Cyril Gautier joined Pioneer in 2011 from Société Générale and is a French national.