Peter Nachtnebel has agreed to join Advent International, as a Prague-based member of the firm’s Central & Eastern Europe team. He previously was with UniCredit Markets & Investment Banking, as a managing director and head of financial sponsors and leveraged finance for Central & Eastern Europe.
Advent International, the global private equity firm, today announced that Peter Nachtnebel will be joining the firm’s Central & Eastern Europe team on 1st March 2009. He will be based at Advent’s Prague office.
Peter Nachtnebel joins Advent from UniCredit Markets & Investment Banking, where he was Managing Director and head of financial sponsors and leveraged finance for Central & Eastern Europe, including Russia and Turkey, and Austria. In that role Peter became one of Central Europe’s leading bankers in private equity, providing bank finance and structuring advice on LBOs and corporate transactions for over 100 deals across the region in the past ten years.
Before joining UniCredit, Peter had spent seven years at Creditanstalt (later Bank Austria), latterly as head of debt origination for structured finance, having previously led the bank’s CEE telecoms and media practice and then helped to establish its merchant banking operations.
Commenting on his appointment, Peter Nachtnebel said: “I have known and worked alongside the Advent team in Central & Eastern Europe for many years and have always found them both thoroughly professional and fun to work with, combining as they do the strengths of a truly international firm with a real feel for this region and good sector knowledge. After building a successful career in banking, I have been considering a change to being more actively involved in investing in and developing businesses here and am delighted to be able to join the Advent team.”
Managing Partner and co-head of Advent’s Central European investment programme, Chris Mruck, added: “We have known Peter for a long time and have always been impressed with his understanding of what we do, as well as his considered approach to financing growing companies. Now that he has decided to get closer to developing the next generation of businesses here, we are extremely pleased that he has chosen to join the Advent team. From his base in Prague, Peter will be working with us on deals across the whole region.”
Advent is currently investing its fourth fund for the region, which closed at 1 billion euros in 2008. The firm has offices in Warsaw, Prague, Bucharest and Kiev, covering all the major CEE countries and Turkey.
About Advent International
Founded in 1984, Advent International is one of the world’s leading global buyout firms, with offices in 15 countries on four continents. A driving force in international private equity for more than two decades, Advent has built an unparalleled global platform of 140 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, strategic restructuring opportunities and growth buyouts in five core sectors, working actively with management teams to drive revenue and earnings growth in portfolio companies. Since inception, Advent has raised $24 billion (€18 billion) in private equity capital and, through its buyout programmes, has completed more than 250 transactions valued at over $40 billion (€27 billion) in 40 countries.