Chief Executive Officer
Pierre is the founder and majority shareholder of Acorn Private Equity. He is a qualified chartered accountant and is undoubtedly one of the most successful private equity specialists in South Africa. His excellent track record, along with his contacts and relationships within the industry are priceless qualities that very few private equity funds can boast of. Pierre and Carl are listed as key individuals with the FSB.
BRIEF HISTORY: Pierre specialized in taxation with Arthur Andersen in 1992 and during this time became involved in structured and project finance. In 1994 he joined stockbrokers SMK Securities. In April 1996 he moved to Corporate Finance where he was involved in mergers and acquisitions, new listings, structured finance, rights issues and management buyouts. In January 1998 he was promoted to Director: Corporate Finance of BOE Securities. In September 1998 Pierre started the Corporate Finance function in PSG Investment Bank and worked on new listings, mergers and acquisitions, capital raisings, restructurings and general advice. After the disposal of PSG Investment Bank in June 2002, Pierre assisted in the set-up and creation of PSG Capital as an Executive Director tasked with private equity and corporate finance. In 2006 he joined the PSG Group main board and started PSG’s dedicated private equity investment vehicle, Paladin Capital Ltd. as CEO. Under his guidance the company grew from R280m of assets under management to a value in excess of R800m in February 2009, when he resigned to start Acorn Private Equity.