While at the Negotiating Table with Barclays, CVC Makes a Key U.S. Hire
by:
Armie Margaret Lee
Private equity firm CVC Capital Partners, currently deep in talks with Barclays over the possible acquisition of iShares, has recruited a leader for its U.S. financial institutions group. Kamil Salame joined the Luxembourg-headquartered firm as partner.
CVC's financial institutions group, formed last September, is headed by Jonathan Feuer.
On Tuesday, Barclays confirmed that it has designated CVC Capital as its preferred bidder for iShares.
Prior to joining CVC, Salame was a partner at DLJ Merchant Banking Partners. Earlier, he was a managing director at Credit Suisse.
Company Press Release
NEW YORK, April 2 /PRNewswire/ -- CVC Capital Partners ("CVC"), a leading global private equity firm, is pleased to announce the appointment of Kamil Salame as a Partner of CVC and US Head of FIG with immediate effect.
CVC's Global FIG initiative is comprised of teams based in USA, Europe and Asia, and is headed by Jonathan Feuer, a Managing Partner of CVC and Global Head of FIG.
Jonathan Feuer commented, "Kamil is an important addition to our team at a time when investment opportunities in the financial sector have never been greater. Kamil's depth of experience in financial services and Private Equity will be incredibly valuable to CVC and our Financial Institutions team."
Kamil joins CVC from DLJ Merchant Banking Partners where he served as a Partner and Member of the Management Committee and as a Managing Director of Credit Suisse. Kamil was a member of DLJMB's Investment Committee and, as such, was involved in all aspects of managing DLJMB's portfolio, which is comprised of more than 40 companies and represents approximately $12 billion of assets under management. At DLJMB, Kamil led the group's investment activities in financial services and media. During his tenure with the firm he completed approximately 30 private equity transactions in a broad range of industries including financial services, real estate, media, industrial, and consumer.
Prior to joining DLJMB, Kamil worked in DLJ's Leveraged Finance Group and DLJ Real Estate Capital Partners. He received a B.S. from Georgetown University, an M.B.A. from Columbia Business School, where he was an Editor and Fellow of the Columbia Journal of World Business, and a J.D. from Columbia University School of Law where he was a Harlan Fiske Stone Scholar. He is admitted to practice law in New York, Connecticut and Washington, D.C.
About CVC Capital Partners
CVC Capital Partners ("CVC") is a leading global private equity and investment advisory firm founded in 1981, with a network of 19 offices and 210 employees throughout Europe, Asia, and the United States. CVC is currently investing from Funds with an aggregate of approximately $20 billion in available equity capital. The CVC team's local knowledge and extensive contacts underpin a 28-year proven track record of investment success. CVC has the ability to bring an enormous amount of crossborder resources together quickly to focus on winning transactions. Today, CVC Funds have investments in over 50 companies worldwide employing approximately 434,000 people in numerous countries. Together, these companies have combined annual sales of approximately $90 billion. Recent investments by CVC Funds include: Pilot Travel Centers, Evonik Industries, Schuitema, Univar, Taminco, Acromas Holdings (the merger of Saga and the AA), Matas and Fraikin.