The European Private Equity and Venture Capital Association has appointed Vincenzo Morelli as its chairman for the year to June 2013. Morelli is partner emeritus and senior advisor to global investment firm TPG.
The General Assembly of the European Private Equity and Venture Capital Association (EVCA) today elected Vincenzo Morelli, Partner Emeritus and Senior Advisor to global investment firm TPG, as its Chairman for the year to June 2013.
Mr. Morelli has a long track record in management, particularly in helping struggling businesses to return to profitability. As Operating Partner at TPG Capital Europe from 2005 until 2012, Mr. Morelli managed corporate governance and operational change across TPG’s European portfolio companies. Mr. Morelli continues to chair two of TPG’s portfolio companies. For the past three years since its inception, Mr. Morelli has been Chairman of the European Private Equity Roundtable (EPER). EPER’s twenty-six member firms constitute the Large Buyout Platform of the EVCA. He has also served as a Director and Vice Chairman of the EVCA since 2010.
Mr. Morelli’s 37-year business career started in 1975, at Boston Consulting Group, and included an eight-year stint at GE between 1983 and 1991, where he was President of the European Medical Systems business. He has subsequently held several further mandates as CEO or Chairman of large European private companies. He has also served as a Senior Advisor to Clayton, Dubilier and Rice and as a Managing Director at Alvarez and Marsal.
Speaking after his election, Mr. Morelli said: “I would like to thank Karsten Langer, our much respected outgoing Chairman, for his achievements over the past year during this crucial time for the EVCA to put its case for our industry to society at large. We aim to encourage a positive view of private equity and venture capital as a very effective model of company ownership for businesses requiring development and investment to grow or adapt and an indispensably useful source of risk capital for European enterprise. Private equity and venture capital are the providers of funds and stewards to tens of thousands of European companies which require experienced governance and transformational investment. As a long-time company manager, I know how effective private equity can be to spur much needed growth on our continent.”
Dörte Höppner, the EVCA Secretary-General, added: “We address our sincere thanks to our outgoing chairman, Karsten Langer, for his outstanding commitment over the past year, on behalf of the private equity and venture capital industry. And we extend a warm welcome to our new
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Chairman: Vincenzo Morelli has been involved with the EVCA for many years and is well versed in our industry’s issues and challenges. We are confident that, under his leadership, the EVCA will be successful in promoting and developing the private equity industry’s contribution to Europe’s recovery.”
Mr. Morelli holds an MBA from Stanford University, where he was a Miller Scholar, and an MA with Honours in Philosophy, Politics and Economics from Corpus Christi College, University of Oxford, of which he is a Foundation Fellow. He also serves on the Board of Oxfam’s Enterprise Development Programme.
European Private Equity & Venture Capital Association
EVCA is the voice of European private equity and venture capital.
We promote and protect the interests of our more than 1,300 members, to ensure they can conduct their business effectively. EVCA engages policymakers and promotes the industry among key stakeholders, including institutional investors, entrepreneurs and employee representatives. EVCA develops professional standards, research reports and holds professional training and networking events. EVCA covers the whole range of private equity, from early-stage venture capital to the largest buyouts.
TPG is a global private investment firm with USD 49 billion of capital under management. Founded in 1992, TPG has built a strong international presence with 17 offices in 10 countries. TPG was one of the first U.S.-based private investment firms to establish significant operations in Asia and Europe, in 1994 and 1995 respectively.