Crdit Agricole Private Equity has appointed former KPMG director Xavier Tassel as a partner in its four-man special situations team. In his new role, Tassel will focus on investments in distressed companies. The team, headed by Arnaud Mauduy, manages a $50m fund.
Tassel started his career at champagne producer Taittinger in 1992, where he managed the distribution of spirit brands and was head of marketing.
In 1999, he joined KPMG Consulting as a senior consultant, before specialising in refinancing and restructuring by becoming a manager at KPMG Corporate Recovery. In 2004, he was promoted to director.
Crdit Agricole Private Equity recently hired Christian Claussen as a senior partner to expand its venture capital division. He is supporting the firm’s development in Europe.
Crdit Agricole Private Equity has €375 million under management.
D.C.