Rocketing headcount at 123Venture
Venture, growth and mezzanine financier 123Venture has shuffled its senior management and embarked on a recruitment drive ahead of an aggressive expansion of its activities.
In the past 18 months, the Paris-based firm has raised more than €180 million ($227 million) from private investors and in the last three years has doubled its assets under management.
To reflect this greater responsibility, Olivier Goy, the firm’s founder, will become chairman of a newly-created supervisory board, several of whose members are still to be appointed.
Replacing Goy as CEO is 123Venture veteran Xavier Anthonioz, who also heads a management board that has been expanded to six people, all from within the firm.
Finally, 123Venture is to add 10 new personnel, the first three of which arrived in September: Pierre-Dupuy Chaignaud, an investment manager; and investment analysts Hajar Idrissi and Antoine Kraus.
Robinson Spearheads YFM’s Birmingham Launch
Venture and growth capital investor YFM Equity Partners has opted for local experience to lead its new Birmingham office.
Charlie Robinson joins YFM from ISIS Equity Partners, another growth equity investor, where he was investment director.
His departure from ISIS, which is rebranding its name, was on the heels of associate director James Hurrell, who left for Bridges Ventures in September.
Balderton adds principal
Balderton Capital has hired Nicolas Debock as a principal. Previously, Debock worked at French venture firm XAnge.
Acton appoints Alvermann
Ecommerce and Internet media-focused Acton Capital Partners has made its third hire of the past 12 months as it beefs up the investment capabilities behind its second growth equity and late-stage venture fund.
Dominik Alvermann joins as an associate after a spell advising Internet startups, before which he worked at Holtzbrinck Digital, the venture arm of the Holtzbrinck publishing group.
Early this year Acton announced a $110 million first close for Heureka Growth II, which invests from $8 million to $10 million per deal, mainly in Germany.
Sponsors adds on as it invests fourth fund
Three new partners have been named at Sponsor Capital as the Helsinki-based firm begins to deploy its fourth private equity fund.
New hires include Jussi Seppälä and Thomas Sandvall, the founding partners at HLP Corporate Finance, an M&A advisory, while Matti Virolainen has been promoted from investment manager.
Sponsor has raised €200 million ($252 million) from Finnish and international institutional investors for the new fund, which targets companies with annual sales ranging from €15 million to €150 million ($189 million).
Compiled by Alex Derber