Timothy Franks Appointed CEO of Jacobs Holding
April 17 2024 - 5:05AM
Business Wire
Jacobs Holding today announced that the board of directors
has appointed Timothy Franks as Chief Executive Officer effective
May 1, 2024.
With an impressive 25-year career at two prominent investment
firms, Tim brings extensive experience and a proven track record in
global private equity. His most recent role was as a Partner and
Co-CEO of the democratized private equity business at KKR. He
played a pivotal role in building KKR’s European franchise, leading
the EMEA Core strategy, and overseeing the development of
activities in the UK & Ireland, as well as the Consumer
industry team in EMEA. Prior to that, Tim spent 17 years at Advent
International, where he notably opened and led the New York office
from 2010 to 2013. Throughout his tenure at both firms, he held
various chair and board positions at portfolio companies.
Under his leadership, Jacobs Holding aims at further
strengthening its investment activities, particularly in the
services, healthcare and consumer industries. Tim’s strong
investment focus on helping businesses with their sustainability
and digitalization goals will be pivotal for Jacobs Holding in
consolidating its investment approach, and investing in the growth
potential of existing and future portfolio companies.
Nicolas and Philippe Jacobs, Co-Chairmen commented: “We are
excited to have Tim join Jacobs Holding. Beyond being a highly
accomplished private equity manager with an impressive track
record, he has proven himself as a strong leader. Tim possesses all
the qualities needed to get Jacobs Holding to the next level as a
sustainable and entrepreneurial investor.”
Timothy Franks commented: “I look forward to working with the
Jacobs team. It will be a real privilege to lead Jacobs Holding,
given the strong purpose of the firm and its investment approach,
which intersects three investment trends in alternative asset
management: focusing on direct investments, pursuing a long-term
investment horizon, and bringing sustainability and digitalization
to the core of its activities.”
About Jacobs Holding AG
Jacobs Holding is a global professional investment firm founded
by late entrepreneur Klaus J. Jacobs, in which he bundled his
entrepreneurial activities in 1994. Jacobs Holding invests with a
long-term horizon in companies active in non-cyclical businesses
which already have or aim for a leading market position and have
further growth and value creation potential. The current portfolio
of Jacobs Holding consists of Cognita (www.cognita.com), Colosseum
Dental Group (www.colosseumdental.com), North American Dental Group
(www.nadentalgroup.com) as well as a large stake in the publicly
traded company Barry Callebaut AG (www.barry-callebaut.com). The
sole economic beneficiary of Jacobs Holding is the Jacobs
Foundation, one of the world's leading charitable foundations for
the promotion of development opportunities for children and young
people. Since the foundation was established in 1989, around CHF
800 million has been paid out cumulatively.
Additional features:
File: JAG_CEO_English File: Picture Timothy Franks
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