The KKR-backed Pillarstone platform has continued the expansion of its team with the appointment of Mark Knight as a partner.
Knight joins from law firm Kirkland & Ellis and will serve as general counsel at the firm, which specialises in assisting banks in managing their underperforming assets. He joined the law firm in 2008 and in 2014 was promoted to a partner position, according to his LinkedIn profile.
He will work closely on structuring transactions that the firm is involved in. Knight has experience working with asset managers on reviewing investment opportunities across Europe.
“His longstanding experience in complex restructurings further builds out the wealth and experience we have across our European team as we look to support more banks in managing their exposures to underperforming businesses,” John Davison, chief executive of Pillarstone, said.
“I am excited to be part of a solution that can have a real impact in both supporting banks as they continue to repair their balance sheets and helping businesses across Europe to stabilise, recover and grow,” Knight added.
Since its founding in 2015, Pillarstone has been active in Italy and Greece. The platform inked partnerships with Greek banks Alpha Bank and Eurobank last year and has been working with Italian financial institutions Intesa Sanpaolo, Unicredit and Banca Carige.
Pillarstone recently hired Vasilis Theofanopoulos, the former chief financial officer of shipping company Iason Hellenic Shipping Company, as a partner. The move saw Theofanopoulos following in the footsteps of other former shipping executives Jens Martin Jensen and Elias Sakellis, both of whom joined the firm towards the end of last year.