Green Arrow makes two hires ahead of fourth fund launch

Vender has been appointed as senior adviser and president of the investment committee of the firm's private equity division, while Massimo Massari has been appointed as managing director.

Prior to joining Green Arrow, Vender was senior adviser in Italy for Chequers Capital and previously was co-founder of Astor Sim. He currently is president of Jove Invest and a member of the boards of Assiteca, CoeClerici, Decalia Asset Management Sim and Guber Banca.

Massari previously was a founder of Mast Capital Partners, which advised the private equity Winch Capital funds in Italy. He also worked as a managing director of Aletti Private Equity.

Vender and Massari will work in partnership with investment director Francesca Gennaro.

Their roles will be strategic for the launch of Green Arrow Private Equity IV, a new buyout vehicle that will be raised in 2021. The fund will have a target of €400m and will be dedicated to support the growth and expansion of Italian mid-market companies.

The fund will acquire majority and controlling positions in Italian companies with an enterprise values of up to €150m and EBITDA in excess of €7m. It will deploy equity tickets in the range of €10-60m and target businesses operating in the consumer, industrial engineering and technology sectors.

The vehicle's launch was originally planned for the first half of 2020, but it was delayed following the coronavirus outbreak.

The appointments of Vender and Massari follow three recent hires made by Green Arrow: Elena Simonova from Lazard, appointed as managing director sales and investor relations; and Sara Di Mario and Mariadina Bonfatti Gerola, hired to work within the firm's infrastructure team.

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