Palamon Capital Partners has announced a structural reorganisation in preparation for accelerated growth. Co-Founder Michael Hoffman is appointed to the new position of chairman of Palamon. Co-founder and managing partner, Louis Elson, will lead a newly created operating committee which will direct the day-to -day activities of the firm. Daan Knottenbelt and Erik Ferm, both partners of Palamon, have also been appointed to the operating committee.
Fund has raised €1bn of its €1.1bn target and plans to hold a final close in Q1 2020
GP will take a minority stake, with the Reisenthel family as majority shareholders
Horizon expects to merge the two IT services providers to create a business with 300 developers
EQT deploys capital from its EQT VIII fund, which hit its €10.75bn hard-cap in 2018