AnaCap appoints two current Partners as Co-Managers

AnaCap has appointed current Partners Nassim Cherchali and Tassilo Arnhold to the position of Co-Managing Partners.

Arnhold and Cherchali have been leading AnaCap's execution of its overall investment strategy, focused on lower mid-market founder-owned financial services, technology and related business services companies in Europe since 2016.

The organisational restructuring will also see Joe Giannamore, current CEO and Chief Investment Officer, become Group Executive Chairman.

Giannamore's day-to-day operational, strategic development activities and Investment Recommendation Committee roles remain unchanged.

He will also continue to deploy his vast expertise and experience to support the execution of AnaCap's core strategy across Europe, backing talented entrepreneurs and driving growth through technology-enabled operational transformation and sector consolidation.

Cherchali joined the firm in 2008 and Arnhold in 2015 before the pair took over day-to-day responsibility for the execution of AnaCap's private equity investment strategy from 2016 onwards.

"I am delighted to take on this new role for an organisation which I have thoroughly enjoyed working for since 2008," Cherchali says.

"It is truly a privilege to be part of what is such a dynamic and forward-thinking team.

"The business has a highly impressive roster of entrepreneurial and innovative portfolio companies which are a pleasure to work with. With the recent, strong track record of expanding into new territories and sub-sectors, as well as driving revenues through a series of innovative initiatives, this is a very exciting time for AnaCap's Private Equity business."

Cherchali has focused on building the firm's private equity presence in France, Iberia and the UK while Tassilo has led the franchise build-out in Germany and the broader DACH region, Nordics as well as the UK.

They have led 15 platform deals and over 50 bolt-ons for AnaCap with a track record of 3.4x MM and 57% IRR gross realised returns since 2016.

Leading a team of seasoned investment professionals, they have driven the evolved AnaCap private equity strategy, focusing on partnering with entrepreneurs and entrepreneurial management teams in the European lower-mid market asset light financial services, financial technology & software as well as related business services space.

In their newly appointed role, the pair will continue to lead the private equity investment strategy and execution of the business while also focusing on the continued build-out and growth of the AnaCap private equity franchise overall.

"I am very proud to take on this Co-Managing Partner role alongside Nassim, who I have worked closely with for nearly a decade, both operationally and in deal execution," Arnhold says.

"2022 has been a significant year of evolution and growth for AnaCap and our notable activity across the DACH region specifically has been something we are very proud of.

"We have a shared belief in the importance of AnaCap's core values and strengths and now look forward to continuing the team's impressive momentum across Europe into 2023 and beyond."