London (PRWEB UK) 28 June 2012
Arle Capital Partners today announces that its Chairman, Sir George Buckley, will be joining the Board of portfolio company Technogym as a Non-Executive Director with immediate effect.
Technogym is the official supplier of fitness equipment to the London 2012 Olympic games, the fifth time they have been chosen as Olympic suppliers. Technogym was established in 1983 by Nerio Alessandri and sells wellness products and services across the world. In addition to the Olympic athletes village, Technogym is also supplying equipment to the 28 Olympic disciplines.
Sir George Buckley will assist the Technogym management team with strategic matters, drawing on his global industrial experience and flair for promoting innovation in companies under his stewardship. While Chairman and CEO of the Brunswick Corporation, Sir George oversaw a number of fitness technology businesses and remains closely involved in the industry.
Arle Capital Partners’ active management philosophy is to bring the best leaders from industry into the private equity environment to provide growth and performance gains for investors. Sir George’s appointment reinforces the team which already includes Fredrik Arp, an Arle partner and Chairman of Arle’s Operating Review Board, who has been a member of the Technogym Board for the past three years.
Commenting on the appointment, Javier Abad, Investment Partner at Arle said:
“Sir George is the right man to get Technogym across the finish line first. At Arle we bring together world class industrialists with tried and tested investment professionals. Sir George brings with him decades of invaluable business experience at the helm of some of the best known global brands.
He’s a true success story which the Arle portfolio companies can draw on as they develop their businesses growth strategies. Technogym is already the best and we want to extend its lead in the sector. With Founder & Chairman Nerio Alessandri, Sir George and Fredrik Arp, we have the gold medal team to do that.”
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For further information please contact:
Arle Capital Partners Limited
John Arney/Julie Foster: +44 (0) 20 7895 2754
Christian Mahne / Lindsay Vetch: +44 (0) 20 3488 3100 / +44 (0) 7983 555 888
Notes to editors
Further background information on Sir George Buckley - In addition to his role as Chairman of Arle and Chairman of Expro International (an Arle investment), Sir George will continue to serve as Non-Executive Director of Archer Daniel Midland Co., Stanley Black & Decker and Hitachi, a new Non-Executive Directorship which was announced in Japan last week.
Between 2000 and 2005, Sir George was Chairman and CEO of Brunswick Corporation, a global manufacturer and marketer of recreation products and the largest recreational boat manufacturer in the world. Before that, he was President of Mercury Marine (a division of Brunswick) and President of Emerson’s US Electrical Motors Division. Former directorships also included positions at Tyco International and Ingersoll-Rand.
Arle Capital Partners
Arle Capital Partners Limited is a London-based private equity partnership with a distinct investment strategy focusing on Energy & Natural Resources, Services and Industrials but more specifically in the area where those sectors intersect. In the future, Arle will invest in companies located in the North Sea Rim whose activities operate within this sector overlap and whose characteristics demonstrate clear potential for expansion into the fast growing BRIC countries.
Arle brings together an accomplished team of 38, including investment professionals and proven international business leaders from 15 different nationalities, managing a diverse portfolio of over €2 billion for a global investor base. Since taking on the portfolio, Arle has returned €730 million to investors, realising three investments: Ontex, Equity Trust and Capital Safety Group.
Arle’s approach is based on active ownership in close partnership with management in order to drive long term uplifts in growth and value and in turn to generate strong returns for Arle’s investors. For more information, please see http://www.arle.com
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