Arle appoints ex-portfolio company CEO as partner

Pettersson will sit on Arle's Operating Review Board, which reviews the performance and progress of each portfolio company. Arle stated he will also play an active role in several portfolio companies.

Arle started working with Pettersson on the 2004 LBO of sports utility transportation business Thulle, where he was CEO. Arle then appointed him as CEO of Capital Safety Group in April 2010. Pettersson will leave the business to join Arle.

The GP has just completed the sale of Capital Safety to KKR for $1.12bn, a deal announced last November. It reaped a 2.7x money multiple and 26% IRR on its original 2007 investment.

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