CANADA - Teachers' Private Capital, the private equity and venture capital arm of Canada's Ontario Teachers' Pension Plan (OTPP) has appointed Erol Uzumeri as its head.
Uzumeri has replaced Jim Leech, who will succeed Claude Lamoureux as president and CEO of OTPP, on 1 December 2007.
OTPP said Uzumeri has been involved in a number of acquisitions, including New Zealand Yellow Pages Group, Alexander Forbes and was also involved in the establishment of Park Square Capital, Europe’s largest private mezzanine debt fund.
Speaking to Global Pensions, Uzumeri said the organisation had a strong track record and he intended to focus on global markets in an effort to find the best opportunities.
Uzumeri said: “I am new in this role, but I have been in the business for a long time. We are going to take a fundamental approach and there is always an opportunity to improve.”
Prior to joining Teachers’ Private Capital, Uzumeri was vice-President of CVC International in London where he evaluated, structured and executed a number of private equity investments.
Teachers’ Private Capital is ranked as the 20th largest private equity firm in the world in total capital invested over the past five years by Private Equity International.
Global Pensions reported the retirement of Lamoureux in September 2007.
He had been CEO of OTPP since its inception in 1990 when it was created by the government to replace the Ontario Teachers’ Superannuation Fund.
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