BAVARIA Industries Group AG
A strong new addition to the BAVARIA Industriekapital AG team
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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- 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 ---------------------------------------------------------------------------
Latest News
Latest Reports
Upcoming Events
No Events found
Webcasts
No Webcasts found