Pillarstone, an investment platform focused on banks’ non-core and underperforming assets, has appointed Elias Sakellis as a partner and Georg Stratenwerth as non-executive director.
GP aims to bolster its presence across the DACH region with the hire of a new partner
New funding will be used on sales and marketing resources to aid with international expansion
Product design company will invest in new product development and international expansion
Exit represents a 3.5x investment multiple for HgCapital and a 30% gross IRR, with cash proceeds of £36.9m