European retail investment fund Alteri Investors has appointed former Apax Partners principal Magnus Mattsson as chief investment officer, as it gears up to invest in struggling retailers on the British high street.
Mattson spent 11 years at Apax, latterly as senior principal in its retail and consumer group, leading retail transactions including fashion brand Tommy Hilfiger and shoe and bag manufacturer Cole Haan. In total, he was instrumental in €2.8bn (£1.8bn) of equity investment.
“We’re delighted to welcome Magnus, who will be responsible for driving our investment activity across Europe,” said Gavin George, chief executive of Alteri Investors. “His pedigree in private equity, track record of successful deal making and pan-European network will be central in developing Alteri’s investment and lending capability.”
Mattson said: “I’m thrilled to be joining the Alteri team near the start of what I expect to be an exciting journey. The market opportunity across Europe for turnaround deals in the retail sector is significant and, with the financial backing of our joint venture partner Apollo Credit coupled with the depth of the team’s financial and operational skills, I’m very confident we can play an important role in the European retail restructuring market.”
The company was formed as a joint venture between US private equity group Apollo Global Management and the former chief executive of GA Europe, Gavin George, in October last year.