Vendis reinforces team with two hires

Braams will be based in Vendis' Dutch office and will focus on the country's market alongside the firm's founding partner Michiel Deturck and investment manager Arjan Elderhorst.

The firm's newest partner joins the Belgian GP from Smartwares Home Essentials, where he was CEO for five years. Prior to that, Braams spent six years at Nestlé, where he was successively employed as corporate sales director, division executive manager and managing director for coffee and confectionery.

His background in the consumer sector started at dairy products company FrieslandCampina, where he held several marketing and sales roles between 1993-2004.

Vendis' newest investment analyst, Catherine Jully, joins from Paris-based financial consultancy Accuracy, where she was analyst for more than a year. She had previously worked as an equity analyst at French investment firm Exane.

The appointments take place almost three months after Vendis announced it had held a €125m first close for its second fund. Launched in February 2015 with a €150m target, the vehicle draws commitments from the European Investment Fund and Morgan Stanley Alternative Investment Partners, among others.

According to unquote" data, the fund targets buyout and growth capital deals from €5-25m in Benelux- and France-based consumer sector companies with revenues of between €10m-100m.

Vendis Capital II is expected to hold its final close within the next 12 months, although market sources report it could close earlier, given the GP's strong LP base.

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• Unq2015June