Avista Capital Partners, a private equity firm with offices in New York, NY and Houston, TX, has formed Avista Capital Europe as part of its strategy to expand its European presence.
Avista Capital Europe will be based in London. In order to form its European office, the firm has recruited a team of veteran private equity professionals—Newton Aguiar, who will be a Partner at Avista and head the activities in Europe. Allen Yurko, who joins as an Industry Executive, and Kunal Pandit, who join as a Vice President.
Each of them come from DLJ Merchant Banking Partners (DLJMB), Credit Suisse’s private equity arm, from which Avista spun out in 2005.
The firm’s strategy is to make controlling or influential minority investments in growth-oriented healthcare, energy, and media companies.
Avista’s current European portfolio includes:;
– Celtique, an exploration and production energy company based in London;
– ConvaTec, a specialty wound care company;
– Hansa Hydrocarbons, a London-based exploration and production energy company;
– Nycomed, a global specialty pharmaceutical business headquartered in Zurich, Switzerland.