Mezzanine Management, the independent mezzanine and private equity provider, has promoted Valerie Lebreton to managing director and Christian Heidl as a director.
Lebreton is based in Paris and will join the firm’s investment committee. She joined Mezzanine Management in 1998 and has been involved in mezzanine transactions including Eurofarad, Oberthur and Actaris Allocation Services. Prior to Mezzanine Management, she spent seven years in asset management and cashflow-based structured finance and acquisition finance, latterly at Credit Agricole Indosuez.
She has also worked with major equity funds in France, advising them on their investments and syndicated debt transactions.
Heidl formerly spent 10 years working with international private equity firms in London, New York and Frankfurt. Most recently, with BancBoston Capital, he was responsible for leveraged finance transactions in German speaking countries and focused on the restructuring of their existing German portfolio companies. He was previously with Deutsche Beteiligungs for six years and will divide his time between offices in London and Frankfurt. “We are looking to expand the team further as Mezzanine Management focuses increasingly on the mid-market and self-sponsored deals, where we are looking to originate more deals ourselves,” said Rory Brooks, founder director of Mezzanine Management.
In March, Mezzanine Management reported that it had generated exits of US$100m in the last three months, relating to the refinancing of TDF, the partial refinancing of IDH and the sale of Waterbury. Since then, the firm has completed five full and partial realisations. These include the sale of its stake in Wellington Holdings, a manufacturer and distributor of specialist seals, to Fenner and the refinancings of Elis and Springer.