9 March 2010 – Advent International, the global private equity firm, today announced that Luciano Cattani has joined the firm’s Operating Partner Programme to advise on global investment opportunities in the healthcare sector with a specific focus on medical technology and devices.
An Italian national, Mr Cattani has over 30 years of experience working in a number of international roles within the healthcare sector. Currently Executive Vice President –International Public Affairs of the leading medical devices company, Stryker Corporation, he is due to retire from the role in June 2010. He joined Stryker in 2001 to lead the EMEA region and then became responsible for all international markets excluding the Americas and Canada up to 2008.
Previously Mr Cattani spent 20 years with Pfizer Corporation, within their Howmedica Medical Devices division, before being appointed Managing Director of Pfizer Italy, the pharma operation, and Vice President – Southern Europe of the Pfizer Corporation.
Mr Cattani is Member of the Board and Vice-Chairman of Eucomed, the trade association which represents the medical technology industry in Europe. He is also non executive director of Elekta AB, a publicly listed Swedish company operating in the areas of radiation surgery and radiation therapy.
Humphrey Battcock, Managing Partner and head of Advent’s Healthcare sector team, said: “In a broad sector such as healthcare, the sub-sector insights which our experienced operating partners bring are extremely valuable in shaping our investment strategy. Luciano’s international background is a great fit with our global sector approach. We very much look forward to working with him to identify and execute suitable investments in the medtech and devices spaces.”
Luciano Cattani added: “It is an exciting opportunity for me to apply the experience that I have gained over 30 years working in the healthcare industry to my new relationship with a respected investment firm such as Advent. I look forward to bringing my industry knowledge and network to bear on an international scale.”
Advent has been an active investor in the healthcare sector for the last 25 years and has funded over 25 companies worldwide. Most recently Advent acquired Centrul Medical Unirea (CMU), a leading chain of medical clinics in Romania. Current investments also include MEDIAN Kliniken, the leading independent rehabilitation care provider in Germany, and Craegmoor Healthcare, the UK’s largest independent provider of specialist care for adults and younger people. Advent’s previous investments include the generic pharmaceutical businesses Viatris and pharmaceutical manufacturer Terapia.
Advent’s Operating Partner Programme involves business leaders from a range of sectors working as consultants to the firm in a variety of ways: sourcing investment opportunities, assisting with the due diligence process and advising on the strategic and operational development of portfolio companies. The use of operating partners is a fundamental and long-established element of Advent’s highly operational approach to investing. The programme currently includes over 70 high-level individuals, many of whom have been involved in multiple Advent investments.