Private equity firm Avista Capital Partners are to open their first European offices in London. Avista is a US concern, founded in 2005 and based in New York. The company was founded as a spin out from DLJ Merchant Banking Partners, Credit Suisse’s private equity firm. With investments primarily in the US, the company is focussed on the energy, media and healthcare sectors.
The London office space will be Avista’s third base – they already have offices in New York and Houston. The company formed Avista Capital Europe on June 28th 2010 to expand its European presence. Their European portfolio includes Hansa Hydrocarbons, a London-based exploration and production energy company, and exploration and production energy company Celtique, based in London.
Thompson Dean, Co-CEO of Avista said that the London office space ‘will enhance the ability of Avista Capital Europe to capitalize on the compelling investment opportunities we see in the European region.’