Corporate | 6 July 2010 12:38
Bavaria Industriekapital AG / Change of Personnel
06.07.2010 12:38
Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.
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Munich, 6 July 2010: Effective 1 July 2010, Dr. Philipp Gusinde (39) will
be adding his considerable talents to the management team of BAVARIA
Industriekapital AG, an exchange-listed industrial holding company. With a
PhD in economics, Dr. Gusinde comes to BAVARIA from Apax Partners
investment firm, were he functioned as Worldwide Senior Principal for
company acquisitions, particularly in the Business Services sector.
Following stints at the Apax offices in Munich and New York, Philipp
Gusinde brings more than 10 years of deal-making experience to BAVARIA
Industriekapital in his capacity as Managing Director. For over 8 years
now, the Munich-based corporate group, headed by its founder Reimar Scholz,
has been acquiring and successfully restructuring earnings-poor and
unprofitable companies. For his part, Dr. Gusinde will be focussing on
European firms with annual turnover of at least EUR 50 million. BAVARIA
Industriekapital currently holds financial participations in 14 companies
from the manufacturing or industrial services sectors. Its total workforce
numbers roughly 5,000 employees.
Reimar Scholz, CEO of BAVARIA Industriekapital was enthusiastic about the
addition of this new partner: 'We are very pleased indeed to have an
experienced and highly successful dealmaker like Philipp Gusinde on board
at BAVARIA Industriekapital. He will provide a key reinforcement to our
team, particularly at a time when so many distressed companies are up for
sale and in need of restructuring.'
BAVARIA Industriekapital AG is an industrial holding company specializing
in the takeover and re-organization of enterprises with discernible
improvement potential. Currently, BAVARIA Industriekapital owns fourteen
companies across Europe and employs ca. 5,000 employees. The Munich-based
holding company is majority-family-owned and follows a long-term investment
strategy.
For additional information about BAVARIA Industriekapital, please visit our
website at www.baikap.de.
We would be pleased to answer any further questions you may have:
BAVARIA Industriekapital AG
Svea Strohm
Bavariaring 24
80336 München
Phone: + 49 - (0)89/ 72 98 967-0
Fax: + 49 - (0)89/ 72 98 967-10
E-Mail: svea.strohm@baikap.de
06.07.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Bavaria Industriekapital AG
Bavariaring 24
80336 München
Deutschland
Phone: 089/7298 96740
Fax: 089/7298 96710
E-mail: info@baikap.de
Internet: www.baikap.de
ISIN:
WKN: , 260555
End of News DGAP News-Service
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