Silverfleet Capital, a pan-European private equity firm, has strengthened its dedicated lower mid-market investment team with the appointment of Ricardo Sommer.
Sommer joins Silverfleet as a Principal and will be responsible for Silverfleet’s lower mid-market activities in the DACH region, targeting businesses with enterprise values between EUR25 million and EUR75 million. In addition he will support Silverfleet’s lower mid-market activities in other regions. Ricardo will be based in the firm’s Munich office and report to lower mid-market team co-heads Alex Brebbia and David MacKenzie.
Sommer joins Silverfleet from Quadriga Capital, where he was a Director with responsibility for buyout investments in the DACH region in the industrials and business services sectors. Previously he was an Investment Manager at Syntegra Capital and Consultant at The Boston Consulting Group with a focus on private equity and industrial goods.
Sommer has a degree in mechanical engineering and management from Technische Universität Berlin and an MBA from INSEAD.
David MacKenzie, Partner at Silverfleet Capital who co-heads Silverfleet’s activities in the lower mid-market, says: “We are delighted to welcome Ricardo to Silverfleet. He brings considerable investment experience to our lower mid-market team and by being based in Munich, will play an important role in enhancing our investment capability in the DACH region.”
Silverfleet has a successful track-record of investing in the lower mid-market, with the firm recently announcing its latest investment in STAXS, the Dutch headquartered Benelux leader in the distribution of consumable products for cleanrooms in the Life Sciences and other industries.
The existing Silverfleet team has realised 21 smaller buyout deals that generated a 2.8x gross money multiple.
