Clessidra promotes Ghizzoni as new deputy chair
Italian buyout house Clessidra Capital Partners has promoted Federico Ghizzoni to executive deputy chair and member of the investment committee.
Prior to the appointment, Ghizzoni had been an independent director on the firm's board since Italmobilare bought the Italian GP in September 2016. Additionally, Ghizzoni will take a seat as board member of portfolio company Istituto Centrale delle Banche Popolari Italiane (ICBPI).
Prior to joining Clessidra, Ghizzoni worked at Unicredit for 36 years. During his last six years at the Italian lender, he worked as CEO until he stepped down in May 2016.
Matteo Canonaco will take Ghizzoni's seat on Clessidra's board as a new independent director. Furthermore, he will join the board of Clessidra portfolio company Hamont & Blaine.
Listed Italian holding company Italmobiliare acquired Clessidra in a €20m deal last year. The previous owner, the Sposito family, fully exited the business after the death of Clessidra CEO and key-man Claudio Sposito in January 2016.
At the time of the deal, Italmobiliare was to commit capital to Clessidra's third vehicle to restart its fundraising, which had been on hold after Sposito's death, hovering around €800m, below its €1bn target.
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