Happy to announce that the upcoming issue of Hommes et Commerce will feature an article concerning the 1st HEC Private Equity Alumni Networking Event that took place on March 23rd. Thanks go out to Patrick Lissague, Managing Director of UFG Private Equity and President of the BACI Group within HEC’s Alumni Association; to Christophe Raynaud, Fund Manager at ISAI who documented the event, to Dan Sipple-Asher, who took over the Presidency of the HEC Private Equity Club from me and who made sure the student involvement was strong; to UFG Private Equity for their financial support of the event; and to all the alumni who came and made the evening such a success. Thanks again!
Frédéric Lemoine (HEC.1986), non-executive chairman of French nuclear group Areva and a senior adviser at McKinsey, was appointed on Wednesday night by the board of Wendel Investissement to replace Jean-Bernard Lafonta as CEO, putting an end to more than a year of family in-fighting over leadership and investment strategy. Much of the controversy stemmed from the questionable decision to take a 21.5% stake in staid French manufacturer Saint-Gobain. Best of luck Frédéric!
Just a quick reminder to all the HEC alumni working in Private Equity, that tomorrow, Monday March 23rd, is the First HEC Private Equity Alumni Networking Event. It kicks off at 18h30. I look forward to seeing many of you there!
HEC alumni Jérôme Girszyn and Laurent Savinelli, two partners in 3i’s Paris office, have left the firm. Savinelli has managed the Growth Capital and SMBO team in France since 2002. He started his career as a financial analyst at stockbroker Oddo-Pinatton in 1989 before joining 3i in 1994. Girszyn joined 3i’s Paris office in 1998 from Arthur Andersen Corporate Recovery. He was appointed head of the portfolio team in 2000 and partner in 2003.
In somewhat related news, the head of 3i, Philip Yea, hinted at the possibility of raising a growth capital fun, along with repeating the mantra that cash is king.