Cinven, an international private equity firm, is pleased to announce that it has made two new senior appointments to its Portfolio team, with the appointments of Allegra Day, its first dedicated ESG Director, and Ajay Parkhe.
- Allegra Day, ESG Director – Allegra joins Cinven from CDC group, where since 2017, she has led ESG value creation projects with portfolio companies and implemented the firm’s climate change strategy with a focus on energy transition. Prior to CDC, Allegra advised corporate and investor clients on sustainability issues at Social Ventures Australia and was a lawyer with Herbert Smith Freehills and Norton Rose in Sydney, Australia. During Allegra’s legal career, she has advised private equity clients on M&A and major corporates on Occupational Health & Safety (‘OHS’) issues. In her role at Cinven, Allegra will help define and drive ESG strategy, as well as lead ESG portfolio on-boarding, monitoring and value creation planning.
- Ajay Parkhe, Managing Director – Ajay joins Cinven from KKR Capstone where he was a senior executive in the Healthcare practice. In this position he worked closely with the senior management of portfolio companies to improve their strategic positioning, drive operational improvement, transform organisational cultures and create highly performing global teams. Prior to joining KKR Capstone, Ajay worked at GE Healthcare, McKinsey & Company and PPG Industries.
Commenting on these appointments, Thilo Sautter, Partner at Cinven who leads the Portfolio team that provides strategic operational expertise to Cinven’s portfolio companies, said:
“We are delighted to welcome Allegra to the team in the newly created role of ESG Director. ESG is a highly complex and rapidly evolving topic that is a key strategic priority for the firm. With her deep ESG experience and insights, Allegra will play a key role in supporting and driving our ESG strategy and implementation.”
“We are excited about Ajay joining the team. He brings significant experience in healthcare and medtech which will be very additive given our investments and pipeline in these industries. Ajay will support the value creation of our portfolio companies’ operations in North America as well as support the assessment and validation of the value creation potential of new investment opportunities.”