Pacific Avenue Capital Partners opens Paris office under Xavier Lambert's leadership

In a strategic move, Pacific Avenue Capital Partners, based in Los Angeles, opened a new office in Paris, France, as part of its expansion into the European market. This new office is to be managed by Xavier Lambert, who joins the firm as Managing Director – Head of Europe. His appointment aligns with the firm’s strategy to enhance its capabilities in serving corporate sellers and businesses involved in international operations, especially in light of growing global activity in corporate divestitures and carve-outs. Xavier Lambert brings over 12 years of experience from OpenGate Capital, where he was a principal in the Paris office, focusing on European acquisitions in sectors like Aerospace & Defense and Building Products. His expertise is expected to greatly contribute to Pacific Avenue’s efforts in the complex landscape of middle market transactions. His joining of Pacific Avenue is seen as a pivotal step in assisting corporate sellers across Europe. The established European office emphasizes Pacific Avenue’s commitment to a global reach, as it aims to execute complex transactions regardless of geography. Founder and Managing Partner Chris Sznewajs highlighted the importance of this expansion, noting that having a presence in Europe is critical to being recognized as a leading provider of carve-outs globally. The presence in Paris will not only enhance the firm’s operational capabilities but will also facilitate better interactions with corporate clients from the European market. Currently, Pacific Avenue is investing from its first institutional fund, Pacific Avenue Fund I, L.P., which closed in April 2023. As of September 30, 2024, the firm manages over $1.9 billion in assets. The firm's focus on delivering value through operational improvement in corporate divestitures is a core component of its philosophy and operational strategy. The expansion into Europe is seen as a necessary evolution in providing comprehensive solutions to corporate divestitures on a global scale, ensuring that both the needs of corporate sellers and portfolio companies are met effectively.