ICG hires Carlyle’s European buyout MD to subordinated debt and equity role

The company says Zeina Bain’s appointment will boost its ability to invest in growth companies seeking mezzanine finance.

Intermediate Capital Group has hired Zeina Bain as a managing director in its European subordinated debt and equity team. She will take up the role in September.

Bain is currently managing director of the European buyout team at Carlyle Group. During her 18 years with the company she has been responsible for deal evaluation, origination and execution. She has also worked on investments ranging from €200 million up to €10 billion in enterprise value, including the acquisition of Akzo Nobel’s chemical division and the purchase of RAC from Aviva.

Before joining Carlyle, Bain spent time at European Digital Partners and Merrill Lynch.

At ICG she will focus on seeking assets for the firm’s European investment strategy, which provides private companies with capital solutions to support their long-term growth. The most recent vehicle in this strategy, Europe Fund VII, closed in November 2018 with €4 billion of LP commitments.

ICG recently expanded its business in Asia by hiring four investment professionals across Singapore, Japan and Australia to cover both equity and mezzanine investment opportunities.