Pamplona Capital Management has appointed Jeffrey Kirt as a partner, as it continues to strengthen its US private equity presence.
Kirt joins from Oak Hill Advisors, where he was a partner responsible for stressed and distressed investments, having joined the firm in 2002. He also had senior research responsibility for the aerospace, automotive and financial industries.
His appointment follows that of Bill Pruellage last month, formerly co-president at Castle Harlan, and increases to four the number of partners based in Pamplona’s New York office.
Pamplona is currently investing its recently committed USD4 billion fourth private equity fund.
Last month Pamplona agreed to buy Alabama-based BBB Industries, a manufacturer and distributor of automotive parts. Other transactions this year have included the sale of an 8.5 per cent stake in oil services company Nabors Industries Ltd; the acquisition of Beacon Rail Leasing for USD450 million; and the acquisition of a majority stake in Alvogen, one of the fastest growing generics companies in the pharmaceuticals industry.
