Swedish private equity firm Segulah Advisor has appointed ICA chief executive Per Strömberg as board member and has promoted three in its Stockholm-based investment team.
Strömberg has been an industrial adviser to Segulah since 2009. He was previously CEO of Lantmännen (Swedish Farmers' Cooperative) and held several positions at Kraft Foods.
Christian Tegenmark and Marcus Planting-Bergloo have been promoted to junior partner. Tegenmark joined Segulah in 2004 from PwC. He has an MSc from the School of Economics and Commercial Law at Gothenburg University.
Planting-Bergloo joined Segulah in 2007 from management consultants Occam Associates. He holds an MSc from the Stockholm School of Economics.
Linda Wikholm has been promoted to accountant. Wikholm joined Segulah in 2003.
IK backed the France-based business in 2014 via its IK VII fund, which closed on €1.7bn in 2013
Move comes as funds invested in DC have exceeded £1bn, but exposure to private markets assets was already available to DB members
GP bought the fasteners and fixings manufacturer as part of a succession process for the company
Existing investors Quilvest Capital Partners and Amin Khiari retain stakes in the group