New chairman at CVC as Hickey departs
Hamish Buckland has joined CVC Credit Partners as chairman from investment firm Triton. He previously spent 25 years at JPMorgan where he was vice chairman of the investment banking business and, before that, was head of the bank’s European leveraged finance business from 2001 to 2008.
Since being established in 2006, CVC has developed a global business focused on performing credit, credit opportunities/special situations and private debt. The business, which has $17.9 billion under management, is led by Gretchen Bergstresser, Mark DeNatale and Tom Newberry.
At the same time, partner and chief risk officer Steven Hickey has left the business for personal reasons. He joined in 2012 from Goldman Sachs where he had spent 20 years in various roles including global head of leveraged finance.
Capzanine hire and new German office
Jean-Marc Fiamma became a partner at Paris-based Capzanine on 1 September, having previously been private debt managing director at fellow fund manager Ardian. Fiamma has 19 years’ experience in private equity and private debt including eight years at Ardian.
Capzanine, which has €2.5 billion under management and a team of 25, also launched a new German office in Munich on 1 September. The office is managed by Bertram Schuetz, who has been a managing director at Avenue Capital Group since 2007, focusing on Germany, Austria and Switzerland.
The Munich office is Capzanine’s second overseas base, following its prior launch in Madrid.
DC boosts capital raising team
Germany-based placement agent DC Placement Advisors has hired Felix Schiebel as a director. He joins from MLP, the German independent asset manager, where he was senior adviser to German and French retail clients.
Schiebel becomes part of DC’s debt capital raising business covering France, Benelux and the Mediterranean. He will form part of the distribution team, helping debt managers to raise capital from institutional investors across Europe, Asia, the Middle East and South Korea.
Petty bolsters Beechbrook in Manchester
London-based fund manager Beechbrook Capital has added Jon Petty as an associate director in its Manchester office. He previously spent five years in the debt advisory practice at Deloitte in Manchester where he advised on financing projects.
Petty will support investment director Matt Kenny who joined in April, at the time the Manchester office was launched.
Beechbrook’s UK SME Credit Fund closed on £150 million in January this year and 50 percent invested through 11 deals to date.
Tosca brings in duo
Also in Manchester, Tosca Debt Capital has recruited Victoria Daly as a portfolio director and Thomas Chappell as an investment analyst.
Daly spent seven years at Lloyds Banking Group, where she rose to become director of strategic debt finance. She will manage Tosca’s investment portfolio and support deal structuring.
Chappell joins from EY’s capital and debt advisory team and will help to structure and execute investment opportunities while also reviewing and analysing the existing portfolio.
Tosca has completed 10 deals since launching in September 2015, investing around £90 million in businesses across the North of England.