Advent International, the global private equity firm, has announced that Peter Nachtnebel will be joining the firm’s Central and Eastern Europe team on 1 March 2009.
Advent International, the global private equity firm, has announced that Peter Nachtnebel will be joining the firm’s Central and Eastern Europe team on 1 March 2009.
He will be based at Advent’s Prague office.
Nachtnebel joins Advent from UniCredit Markets & Investment Banking, where he was managing director and head of financial sponsors and leveraged finance for Central and Eastern Europe, including Russia and Turkey, and Austria. In that role Nachtnebel became one of Central Europe’s leading bankers in private equity, providing bank finance and structuring advice on LBOs and corporate transactions for over 100 deals across the region in the past ten years.
Before joining UniCredit, Nachtnebel had spent seven years at Creditanstalt (later Bank Austria), latterly as head of debt origination for structured finance, having previously led the bank’s CEE telecoms and media practice and then helped to establish its merchant banking operations.
Nachtnebel says: ‘I have known and worked alongside the Advent team in Central and Eastern Europe for many years and have always found them both thoroughly professional and fun to work with, combining as they do the strengths of a truly international firm with a real feel for this region and good sector knowledge. After building a successful career in banking, I have been considering a change to being more actively involved in investing in and developing businesses here and am delighted to be able to join the Advent team.’
Chris Mruck, managing partner and co-head of Advent’s Central European investment programme, adds: ‘We have known Peter for a long time and have always been impressed with his understanding of what we do, as well as his considered approach to financing growing companies. Now that he has decided to get closer to developing the next generation of businesses here, we are extremely pleased that he has chosen to join the Advent team. From his base in Prague, Peter will be working with us on deals across the whole region.’
Advent is currently investing its fourth fund for the region, which closed at EUR1bn in 2008.
The firm has offices in Warsaw, Prague, Bucharest and Kiev, covering all the major CEE countries and Turkey.
