PPM Ventures Opens in Munich –

PPM Ventures, the private equity arm of Prudential PLC, has opened an office in Munich. This is PPM Ventures’ third European office, and it will be staffed by a team of three led by Sebastian Kern.

Working with Kern will be investment executives Guido May and Thessa von Hulsen. All three joined PPM Ventures earlier this year. Kern was previously with 3i, May spent three years as a managing director of a Lafarge business unit and Hulsen has a consulting background. May and Hulsen also have private equity experience.