Mauricio Salgar has joined Advent International as a managing director and head of the firm’s office in Bogotá, Colombia. He will lead Advent’s seven-person local team and focus on investments in Colombia, Peru and the surrounding region. Salgar was previously a vice president and member of the executive committee at Sanford Management, a privately held investment firm.
American Capital is expanding its investment activities into the energy infrastructure sector. The firm has formed American Capital Infrastructure which will be led by Paul Hanrahan. Hanrahan, who will be CEO of American Capital Infrastructure, previously was president and CEO of The AES Corp. Rich Santoroski, also of AES, joins American Capital Infrastructure as a managing director, while Rajeev Garside will be a vice president.
CVC Capital Partners, the London-based private equity firm, has announced that its chairman, Michael Smith, will retire in January. Smith will be succeeded by Donald Mackenzie, Rolly van Rappard and Steve Koltes, who will act as co-chairmen of the group.
Todd Spener has joined FTL Capital as a managing director effective Oct. 22. He will be responsible for leading business development activities at FTL. Spener most recently served as a managing director, strategic marketing and business development, at General Electric Capital Corp.
The Gores Group senior managing director Scott Honour is retiring from the firm. Following his departure he will focus on public service and charitable activities.
The San Francisco-based buyout firm Mainsail Partners has announced three new hires, including Kathyrn Cavanaugh, Amy Corrieo and Chris Cassidy. Cavanaugh, a former venture capitalist who last worked for Sightline Partners and De Novo Ventures, joins Mainsail as vice president of talent, a recruiting position. Corrieo, previously director of finance at Professional Healthcare, is now Mainsail’s controller. And Cassidy, who joined Mainsail two years ago after working in marketing at Yahoo, has been promoted to operating partner at the firm.