AXA private debt co-head departs

AXA Private Equity’s co-head of private debt, Cécile Mayer-Lévi, has left the firm after it announced it would spin off from parent company AXA in the coming months.     

Cécile Mayer-Lévi, co-head of private debt at AXA Private Equity, has left the firm.  

Mayer-Lévi's decision comes after eight years at the firm, during which she rose to become a managing director and head of private debt.  

 

A source indicated she played a vital role in AXA PE’s arrangement of the largest ever European unitranche financing package last month, providing PAI Partners with a €220 million loan to finance the €460 million buyout of IPH. 

 

The firm confirmed Olivier Berment will now have sole responsibility for the firm’s private debt team consisting of 11 managers based in Paris, London, Milan, New York and Singapore. He was promoted last year to become co-head of the firm's private debt team alongside Mayer-Lévi. 

 

Berment joined AXA Private Equity in 2001 to manage the firm’s turnaround and recovery activity and helped launch the mezzanine business in 2005 alongside Mayer-Lévi. 

 

Mayer-Lévi's decision to leave was based on the firm's forthcoming spinout and the subsequent round of fundraising that will ensue, a spokesman said.

 

“She participated in the launch and subsequent development of the firm’s private debt activity, but decided not to commit to a new cycle of investment,” the spokesman for AXA PE told Private Debt Investor. 

 

Mayer-Lévi's future plans are uncertain. She could not be reached for comment.