Friday, 19 December 2014
Last updated 20 min ago
Jan 9 2014 | 7:54am ET
The number of partners at Palamon Capital Partners has just increased by three.
The private equity firm has elected Julian Carreras, Pascal Jean-Noël Noth and Gary Pritchard to the partnership.
Carreras, previously a principal, originally joined Palamon in 2003 from Goldman Sachs. A Spanish national, he's played an important role in executing the firm’s investment strategy across continental Europe with a particular focus on Spain and Italy.
Noth, also previously a principal, joined the Palamon investment team in 2009 also from Goldman Sachs. The Swiss national has been a principal deal manager across a range of sectors and country markets with a concentration on German-speaking continental Europe.
Pritchard joined Palamon in 2008 as the firm’s CFO and was promoted to managing director in 2011. Since that time, he has had management responsibility for financial controls, structuring, tax and regulatory compliance for both the firm and its funds.
Said Louis Elson, Palamon Capital Partners managing partner, in a statement: “It is always a great delight for a private partnership to elect new partners, especially ones who have contributed as significantly as Julian, Pascal and Gary. We look forward to the tremendous value we know these individuals will add in the coming period as we continue delivering successfully on our growth investment strategy.”
Palamon recently announced the sixth exit from its €670 million 2006 fund, Palamon European Equity II, with the agreed sale of Cambridge Education Group for a 14.6x return on invested capital, £141 million capital gain and 58% IRR.
Palamon Capital Partners is an independent private equity partnership founded in 1999, which is focused on providing equity for European growth services companies. The firm manages funds with €1.3 billion of equity capital for investment.
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