EQT, the Northern European private equity firm, continues to make personnel changes and bring in new executives in order to grow the business.
Just over two months after transferring control of its German business from Björn Höi Jensen to Marcus Brennecke, the firm has recruited Petri Myllyneva to head its Finnish operations.
Based in Helsinki, 42-year old Myllyneva will start his new role on December 1, 2005. He comes in from Roschier Holmberg, a Finnish law firm, which he joined two years ago after a career in management in Finland and the US.
Myllyneva will take over from Andreas Tallberg, a senior partner who has overseen EQT’s Finnish office since 1998.
In an interview with PEO, Tallberg said that with Myllyneva in place to run the firm’s eight-strong team in Finland, his own focus would switch to helping grow EQT’s overall franchise.
Asked why the firm had opted to bring in a new country head from outside the organisation, Tallberg said that although several “excellent young people” were currently growing up inside the firm, recruiting additional talent in order to increase total available resources was important to the firm at this stage of its evolution.
Tallberg described 2005 as a very active year for EQT already, pointing to the disposal in July of ADR-Haanpää to Pamplona Capital Partners and the purchase of Sanitec, the Finland- and Germany-based bathroom product maker, from BC Partners in April.