Danish/Swedish mid-market private equity investor Polaris has ended its most active year ever with four promotions.
Peter Maigaard, Rune Gornizka and Martin Bang-Löwgren have all been named directors while Simon Wille has been promoted to investment manager.
Maigaard joined Polaris in 2000 from Tarconord; Gornitzka joined the firm in 2005 after stints at Capitellum Corporate Finance and Denmark telecom TDC; Bang-Löwgren joined in 2009 having previously worked at Boston Consulting Group and Coloplast; and Simon Wille was with AP Møller Mærsk before joining Polaris in 2010.
The promotions mark the end of a year in which Polaris has completed five new platform investments and seven add-on deals, besides successfully exiting Skamol, a Danish producer of insulating materials, and Fiskarhedenvillan, a Swedish producer of construction materials for wooden homes.
Said Johan Kühl, Polaris managing partner, in a statement: “These promotions are part of Polaris' continuing development as a leading Danish/Swedish mid-market private equity investor, and reflect the increasing seniority and experience in our team. Each of the four individuals has demonstrated strong performance and enormous commitment during their time at Polaris and I am delighted that they will continue to play a key role in our firm's ongoing success over the coming years.”