AnaCap promote Arnhold and Cherchali to Co-Managing Partners
We are pleased to announce the appointment of current partners Nassim Cherchali and Tassilo Arnhold to the position of Co-Managing Partners. Having led the investment strategy since 2016, the pair will continue to lead the private equity investment strategy and execution of the business while also focusing on the continued build out and growth of the AnaCap private equity franchise overall.
AnaCap Financial Partners (“AnaCap”), today announces the appointment of current Partners Nassim Cherchali and Tassilo Arnhold to the position of Co-Managing Partners.
Tassilo and Nassim have been leading AnaCap’s execution of its overall investment strategy, focused on lower mid-market founder-owned financial services, technology and related business services companies in Europe since 2016.
The organisational restructure will also see Joe Giannamore, current Chief Executive Officer and Chief Investment Officer become Group Executive Chairman. Joe’s day-to-day operational, strategic development activities and Investment Recommendation Committee roles remain unchanged. Joe will continue to deploy his vast expertise and experience to support the execution of AnaCap’s core strategy across Europe, backing talented entrepreneurs and driving growth through technology enabled operational transformation and sector consolidation.
Nassim joined the firm in 2008 and Tassilo in 2015 before the pair took over day-to-day responsibility for the execution of AnaCap’s private equity investment strategy from 2016 onwards. Nassim has focused on building the firm’s private equity presence in France, Iberia and the UK while Tassilo has led the franchise build out in Germany and the broader DACH region, Nordics as well as the UK. They have led 15 platform deals and over 50 bolt ons for AnaCap with a track record of 3.4x MM and 57% IRR gross realised returns since 2016.
Leading a team of seasoned investment professionals, they have driven the evolved AnaCap private equity strategy, focusing on partnering with entrepreneurs and entrepreneurial management teams in the European lower-mid market asset light financial services, financial technology & software as well as related business services space.
In their newly appointed role, the pair will continue to lead the private equity investment strategy and execution of the business while also focusing on the continued build out and growth of the AnaCap private equity franchise overall.
Joe Giannamore, Group Executive Chairman at AnaCap, commented:
“Tassilo and Nassim have both made huge contributions to the success of AnaCap over many years, from deal team members to Partner level. They have also actively promoted and represented our culture and values, consistently performing at exceptional standards and covering a vast array of industry sectors across Europe.”
“While we pride ourselves on continuity, their appointment as Co-Managing Partners represents a significant day for AnaCap and will only further strengthen our existing, highly impressive leadership team. This partial restructure comes at what is an exciting time for the firm as we adopt a refined focus on Private Equity strategy, following the recent decoupling from our Credit-based operations. This highly specialised approach is also consistent with AnaCap’s ethos of promoting ambitious, dedicated and talented individuals from within.”
Nassim Cherchali, Co-Managing Partner at AnaCap, added:
“I am delighted to take on this new role for an organisation which I have thoroughly enjoyed working for since 2008. It is truly a privilege to be part of what is such a dynamic and forward-thinking team. The business has a highly impressive roster of entrepreneurial and innovative portfolio companies which are a pleasure to work with. With the recent, strong track record of expanding into new territories and sub-sectors, as well as driving revenues through a series of innovative initiatives, this is a very exciting time for AnaCap’s Private Equity business.”
Tassilo Arnhold, Co-Managing Partner at AnaCap, concluded:
“I am very proud to take on this Co-Managing Partner role alongside Nassim, who I have worked closely with for nearly a decade, both operationally and in deal execution. 2022 has been a significant year of evolution and growth for AnaCap and our notable activity across the DACH region specifically has been something we are very proud of. We have a shared belief in the importance of AnaCap’s core values and strengths and now look forward to continuing the team’s impressive momentum across Europe into 2023 and beyond.”