Private equity secondaries specialist Greenpark Capital has recruited Christophe Nicolas from buyout house Permira. Nicolas, a French national, becomes an investment director at Greenpark.
Nicolas spent three years at Permira, where he was involved in transaction origination and execution in the media, leisure and business services sectors. Notably, he worked on the June 2003 €5.65 billion buyout of SEAT Pagine Gialle, the Italian directories business, in which Permira invested alongside BC Partners, CVC Capital Partners and Investitori Associati.
Prior to joining Permira, Nicolas spent five years at technology investment bank Broadview in London, focusing on strategic advisory, M&A and general corporate finance advisory. He started his career at BNP in Hong Kong and then joined Goldman Sachs in London where he was a member of the execution team within the financial institutions group.
Explaining the recruitment, Greenpark co-founder and operations/investor relations director Joanna Jordan said: “We felt we needed someone with good primary fund skills. The bulk of our work involves taking over limited partner interests, but we also purchase portfolios of direct investments and therefore it’s useful to have a primary skill set.”
Greenpark has also recruited Ottavia Tuinhout as an investment analyst, following her completion of a Masters in Finance at London Business School. Prior to that, Tuinhout spent three years at Deloitte Touche Tohmatsu, the management consultancy, as an analyst and consultant in the US and Italy.
Formed in 2000 as a spinout from UK secondaries firm Coller Capital, Greenpark held a final closing of its debut fund at $200 million in January 2003, a year after launch. Jordan said the firm had found deal flow “pretty consistent” and the pace of investment was progressing well.