European private equity firm Astorg has strengthened its investment team with two senior hires.
Chris Benson will join the firm in July as a partner for the mid-cap fund, leading the business services sector across Europe and having responsibility for coverage in the UK. Daniel Pang, on the other hand, has joined the healthcare team as a managing director for the flagship fund.
The firm’s mid-cap fund seeks to invest in Europe-based, international B2B niche leaders that benefit from secular and resilient growth and attractive and profitable business models. Benson’s appointment reflects the firm’s ambition to continue to deploy capital in business services, reinforcing its position across products in this space.
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Lionel de Posson and Edouard Pillot, co-heads of Astorg mid-cap, commented: “Benson’s industry knowledge and network, as well as his investment track record, will be additive to our team as we continue to strengthen our focus on business services across Europe.
Daniel Pang’s appointment will bolster the healthcare team, led by Judith Charpentier, aimed at identifying and building quality healthcare businesses that solve critical pain points in the B2B value chain.
Judith Charpentier, head of healthcare and co-head of flagship fund, said: “Daniel’s expertise will be a great asset as we continue to capitalise on the vast opportunities within the healthcare sector and deliver on our mission to build global B2B niche leaders in the space.”
Benson will be based in London and Pang will be based in New York.
