European mid-market private equity firm Palamon Capital Partners has appointed Lorenzo Pellicioli, chief executive of the Italian finance-to-publishing conglomerate De Agostini Group, to i
European mid-market private equity firm Palamon Capital Partners has appointed Lorenzo Pellicioli, chief executive of the Italian finance-to-publishing conglomerate De Agostini Group, to its board of advisers.
In the course of his career, Pellicioli has held leadership positions in sectors including media, leisure and telecommunications. As the chief executive of Seat Pagine Gialle from 1997 to 2000, Pellicioli led the largest leveraged buyout in Italy.
He is currently also a member of the executive committee and the board of directors at Generali Insurance, deputy chairman of Générale de Santé, chairman of DEA Capital and chairman and chief executive of Lottomatica.
Last August De Agostini invested alongside Palamon when paid EUR38m for a 26.75 per cent stake in Sigla Luxembourg via the group’s investment vehicle DeA Capital. Sigla, an Italian consumer financial services group, is 65 per cent owned by Palamon funds.
As a member of Palamon’s board of advisers, Pellicioli joins 10 other experienced business leaders from six countries with expertise that reflects the range of service sector companies in which Palamon invests.
‘We are delighted to bring another distinguished business leader to our board of advisers,’ says Palamon chairman Michael Hoffman. ‘His extensive experience and deep knowledge of the media, entertainment and healthcare industries will prove invaluable as we seek to develop our position as investors in European growth business.’
Pellicioli says: ‘Palamon is a well-established firm with a unique strategy and an exciting portfolio. The firm’s pan-European scope and approach to identifying new investment opportunities makes it well placed to capitalise on the many business opportunities in the European mid-market.’
London-based Palamon’s most recent investments include Dress-for-Less, a German retailer that it says is Europe’s largest online designer fashion outlet, and D&D Media Group, an independent audiovisual producer operating in Belgium, the Netherlands and the UK.
