Private equity firm Mid Europa Partners has appointed Thierry Baudon, its founder and managing partner, as executive chairman.
Robert Knorr and Matthew Strassberg will take over as co-managing partners on 1 August 2016.
As executive chairman, Baudon will continue to chair Mid Europa’s investment committee and focus on the firm’s medium term strategic development.
With their appointment as co-managing partners, Knorr and Strassberg will assume overall management responsibility for the business and steer Mid Europa’s investment strategy. Knorr and Strassberg joined Mid Europa in 1999 and 2002, respectively. They have served on the firm’s investment and management committees for a decade.
Baudon says: “I am delighted to see that Mid Europa’s succession plan is being rolled out as anticipated. Robert and Matthew are both outstanding professionals with very strong track records and a successful history with the firm. Most importantly, they have worked together at Mid Europa for close to 15 years, and became key members of the firm’s senior team over that period. I am very confident about their ability to further strengthen Mid Europa’s leadership position and look forward to working with them to grow the firm further.”
