Milan-based partner Roberto Biondi has formally taken over as head of buyout firm Permira’s financing group, having been acting head since the former incumbent, Max Biagosch, went on sabbatical at the end of last year.
Biagosch has now left the firm he joined in 2007, Permira confirmed in a statement on Monday. He was made head of the financing group in 2011 when he replaced the retiring Guy Davies. Biagosch was previously a director in leveraged finance and high yield at BNP Paribas and Deutsche Bank. For an in-depth interview PDI conducted with Biagosch last year, click HERE.
Permira said in a statement that Biagosch had left “to pursue new business interests”. He could not be reached for comment by press time.
His replacement, Roberto Biondi, is a Permira veteran having joined the firm in 2001. He became a partner in 2010 and has extensive experience in executing successful financings for the firm. He is a member of the firm’s financial services and industrials sector team, and has worked on investments including Sisal, Marazzi, TDC and Just Retirement.
In this new role he will be responsible for managing the firm’s banking relationships and driving financing initiatives for new investments, Permira said in a statement.