Damon Buffini, regarded as the public face of UK private equity, is to move away from day-to-day management of Permira, one of Europe’s biggest private equity firms, to become chairman. The move, to be announced Tuesday, will see him hand the reins as managing partner to the younger heads of the firm’s US and Nordic offices and take on a more strategic role. Mr Buffini was this year targeted by trades unions over job cuts at Permira-owned companies. The appointment of Kurt Björklund, head of Permira’s Nordic office, and Tom Lister, head of its US office, as co-managing partners underlines the firm’s rapid expansion in recent years.

This entry was posted by Gwen Robinson on Tuesday, November 13th, 2007 at 5:23 and is filed under People, Private equity. Tagged with damon buffini, permira. Edit this entry.