Charme Capital Partners Announces Three New Hires
London, 05 April 2016: Charme Capital Partners (“CCP”), the pan-European mid-market private equity firm, today announces that it has hired Valero Domingo as a Principal and Martyn Evans and Hugo Tanner as Investment Managers.
Valero Domingo will work closely with Francisco Churtichaga, who leads CCP’s investment activity in Spain, where the Firm will shortly open an office. Valero has worked on a number of leveraged buyouts in the European private equity industry, having spent four years at 3i and most recently three years at Highbridge (JP Morgan’s alternative investment fund). He started his career as a civil engineer at Acciona Group in 2003, before joining Goldman Sachs in 2006.
Prior to joining CCP, Martyn Evans was an Associate at Terra Firma Capital Partners, where he spent more than four years in both London and Dubai. During this time he worked on a number of successful acquisitions, financings and exits across multiple industries, including the £3.2bn buyout of Annington Homes in 2012.
Hugo Tanner joins CCP having spent more than three years at Barclays Capital, where he was an Associate in the natural resources team. His role involved advising clients on M&A and capital market transactions.
The three new hires will work alongside Partners Julian Huxtable, Christopher Fielding and Francisco Churtichaga, who launched the firm’s London office in November 2015.
Matteo di Montezemolo said:
“It is a pleasure to welcome Valero, Martyn and Hugo to the team. It is a sign of Charme Capital Partners’ ambition that in a short amount of time we have already expanded our experienced and talented team in London and Spain. We look forward to working together to build on the success of the first two Charme funds.”
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Background to the Charme Funds
The Charme Funds were founded in 2003 by Luca and Matteo di Montezemolo and are backed by a unique mixture of institutional LPs and prominent global industrialists. Today, Charme Capital Partners is based in London and in Milan: the senior team includes Matteo di Montezemolo, Luigi Sala, Tommaso Beolchini, Simone Cavalieri, Matteo Facoetti and former Doughty Hanson executives Julian Huxtable, Christopher Fielding and Francisco Churtichaga.
Since inception the Charme Funds have raised capital of approximately €1bn and invested in companies with strong growth and internationalisation prospects:
- Charme I, a €186m fund focused on investments in the consumer and luxury sector in Italy, was raised in 2003 and generated returns of 2.0x. Prominent investments include the Poltrona Frau Group, with a build-up strategy through the acquisitions of Poltrona Frau, Cassina and Cappellini to create the global leader in high-end design furniture.
- Charme II was raised in 2009 with total commitments of €340m and generated returns of 2.5x. Prominent investments include Octo Telematics, world leader in the supply of telematics services for the insurance sector, and Bellco, which is active in the business of blood filtration for chronic, acute and newborn patients.
Charme III was launched in 2015 with a broader pan-European investment strategy focused on mid-market investments across a range of business sectors in Europe, with a particular focus on UK, Spain and Italy. It targets fast growing mid-market companies with an enterprise value of €100m to €500m, where it can partner with shareholders and management teams to unlock potential and deliver transformational growth, both organically and through M&A. This will allow companies to reinforce their market positioning and in many cases to expand internationally.