Apax and KKR Financial Services Said to Leave

KKR & Co. and Apax Partners LLP’s executives with responsibility for investments in Europe’s financial services industry are both stepping down after more than a decade at their respective firms, two people with knowledge of the moves said.

Nicolas Cattelain, a partner and head of the European financial services team at KKR, and Massimiliano Belingheri, 39, a partner at Apax responsible for investments in the same industry, are both leaving, said the people, who asked not to be identified because the departures are private.

KKR said in an emailed statement that Cattelain’s duties have been assumed by KKR executives Mattia Caprioli and Enrico Grasso. Sarah Rajani, spokeswoman for London-based Apax Partners, declined to comment on Belingheri’s departure. The two men didn’t respond to e-mails seeking comment and neither could be located through directory assistance.

Cattelain joined KKR in 2000 and served as a director at companies including French directory publisher PagesJaunes Groupe and Dutch electronics group NXP Semiconductors NV. Prior to joining New York-based KKR, Cattelain worked at Industri Kapital, now IK Investment Partners Ltd., Merrill Lynch & Co., and Credit Lyonnais SA.

Belingheri joined Apax in 2001, originally dividing his time between London and Milan before relocating permanently to London in 2008. Investments he worked on at Apax included Tel Aviv-based asset manager Psago Investment House and Milan-based credit manager Farmafactoring SpA. Prior to joining Apax, Belingheri was a consultant at McKinsey & Co. specializing in the financial services and energy sectors.

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