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US firm Duane Morris is launching a private equity practice in Europe following the hire of Kirkland & Ellis partner Pierfrancesco Carbone.
Carbone joins Duane Morris from Kirkland’s London office, where he worked as a corporate lawyer for six years after leaving the private equity practice at magic circle firm Freshfields Bruckhaus Deringer.
The corporate lawyer, who works on mid-market and large buy-outs, disposals and issuances across Europe, will head the European arm of Duane Morris’s private equity practice from the firm’s City office.
The appointment expands Duane Morris’s private equity group outside the US and Asia, with further hires in the City expected to follow.
Carbone said: “The objective is to grow the London corporate group with a particular focus on private equity by hiring in the next couple of months, hiring a number of additional partners who are well known in the private equity industry and build around them a team of associates hired from top US and UK firms.”
Earlier this year Kirkland & Ellis’s London head Jim Learner announced that he will leave the firm this summer to join a US private equity house (20 January 2012).