5 November 2015 – Expansión
Yesterday, Bain Capital Private Equity and Sankaty Advisors announced the appointment of the former CEO of Endesa, Andrea Brentan (pictured above), as senior advisor for Spain.
According to the management team at Bain Capital, this appointment confirms the fund’s interest in “continuing to invest” in Spain. Brentan, who is currently the non-executive President of FTI Consulting Spain, was CEO of Endesa between 2009 and 2014.
Acquisition of Atento in Spain
Bain Capital Private Equity has around $75,000 million in assets under management around the world. In Spain, Bain Capital acquired Telefónica’s customer service subsidiary, Atento, in 2012. The operation was reportedly worth more than €1,000 million.
Sankaty Advisors, the global credit subsidiary of Bain Capital, manages investments in around 100 companies and has acquired loan portfolios amounting to €2,300 million from banks in Spain and other European countries in the last three years.
Brentan was the CEO at Endesa when Enel took control of the group.
Original story: Expansión
Translation: Carmel Drake