21 September 2007, Paris - Advent International today announced that Pascal Stefani has been made Head of its Paris office, having shared management responsibilities with Eric Adjoubel for over nine years. Eric Adjoubel has relocated to London where he will focus on European buyouts in the business services and industrial sectors.
Eric Adjoubel founded Advent’s Paris office in 1997 and was joined by Pascal Stefani in 1998. Pascal became a Director in 2003. Eric’s relocation is a strategic move to enhance coordination across Advent’s European portfolio in line with its investment focus on companies that operate or seek to expand internationally. Eric will also have increased involvement in Advent’s cross-fund investments which are a growing feature of its portfolios. Recent examples include global duty free retailer Dufry, a co-investment between Advent’s Latin American and global private equity funds; and leading European fashion retailer Takko, which is a co-investment between Advent’s Central and Eastern European fund and its global private equity fund.
Eric Adjoubel remains a member of Advent’s Western European Investment Committee.
Advent’s Paris office continues to grow, with Nicolas Maurin recently appointed as an Associate and further recruitment plans in place.
Pascal Stefani, Head of Advent International’s Paris office said: “We are very confident about our position in the French market, and have made two exciting investments in recent months. The ongoing growth in our team reflects both our increasing local market activity and our involvement with the cross-border and cross-programme investments that are characteristic of Advent’s investment strategy.”
Recent investments led by Advent's Paris office include discount retailer Stokomani and leading financial services software provider Sophis, when it worked in close collaboration with Advent's Boston office. Working with Advent's Frankfurt team, it sold the sports marketing group Sportfive to Lagardère in November 2006, and actively facilitated the acquisition of Marineland, Antibes by European leisure park operator Parques Reunidos a former advent portfolio company which was managed from Madrid.