Italy's biggest private equity firm Investindustrial bets on the United States for business growth of its portfolio companies and strenghtens its New York office appointing Michael Karangelen (ex TowerBrook Capital Partners, Brera Capital e Stolberg Capital Partners) as new senior principal and Investindustrial Inc ceo (see qhere the note to investors), MF Milano Finanza, writes today. While John C. Mowinckel, who has been leading the New York office in the last six years will come back to Europe.
Investindustrial's managing principal Andrea Bonomi explained MF Milano Finanza that "thanks to Michael Karangelen and other new professionals who will join our NY office in the next few months we will increase our m&a activity