Pacific Avenue Capital Partners (Pacific Avenue), a Los Angeles-headquartered private equity firm focused on corporate divestitures, carve-outs, and other complex situations in the middle market, has opened a new office in Paris, France,
The office will be led by Xavier Lambert, who joins the firm as Managing Director – Head of Europe.
According to a press statement, with increasing carve-out and divestiture activity globally, and a growing number of Pacific Avenue’s deals with international operations, establishing a presence in Europe is a natural step in fulfilling the firm’s strategy. The addition of Lambert will expand the firm’s international footprint and add capabilities to serve global corporate sellers and Pacific Avenue businesses with international operations.
Lambert brings a wealth of experience to Pacific Avenue having previously spent more than 12 years with OpenGate Capital, where he served as a Principal in the firm’s Paris office and was responsible for due diligence and executing European acquisitions across sectors such as Aerospace & Defence, Building Products, and Metals, with shared responsibility for Chemicals and Materials. Lambert holds a Master of Science in Management from EM Lyon Business School.
Pacific Avenue is currently investing from its first institutional fund, Pacific Avenue Fund I (Fund I), which closed in April 2023. The firm has more than $1.9bn in assets under management (AUM) as of 30 September, 2024.
