Verdane, the Northern European specialist growth investor, has appointed Giles Whiting as U.S. Operating Advisor. Whiting’s new part-time role will run in parallel to his full-time position as COO at Confirmit, a Verdane-owned customer experience platform. At Verdane, he will assist and advise portfolio companies on U.S. market entry, recruitment, and market-specific business development efforts. Whiting will further assist Verdane in conjunction with M&A and other investment-related activities in the U.S., and assume board roles in a number of Verdane portfolio companies.
“With over 20 holdings operating in the U.S., we are pleased to welcome Giles onboard to further accelerate our portfolio’s growth. He has a long and distinguished track record of building high-performing teams, executing growth strategies, and supporting product development in technology-enabled businesses, with results that speak for themselves. Together with our investment team and our in-house operational expert teams, Giles will help us deliver on our promise to be the best growth partner for tech-enabled Northern European companies,” comments Pål Malmros, Partner and Head of Software at Verdane.
Whiting’s merits include heading Softbank Group’s Operating Team, where he focused on investing in and growing a USD 64bn global portfolio of 30+ companies with a pronounced weighting toward technology and SaaS. Prior to Softbank, he spent many years working with various technology companies, most notably the customer experience platform Medallia, as the General Manager of their U.S. operations and later the EMEA region. Under his leadership the region became the highest performing part of the business where he oversaw program implementation, managed services, technical support, partner success, as well as strategy and business operations.
“We’re experiencing the emergence of the ‘next normal’, where businesses that digitalise everyday life and work are seeing strong growth. It’s an incredibly exciting time to join Verdane, that for the last 5 years has been by far the most active financial buyer of software growth companies in its home region. I look forward to helping the team deliver exceptional growth in the U.S. for our software vertical,” comments Giles Whiting, U.S. Operating Advisor to Verdane and COO at Verdane-owned Confirmit.
A Harvard and U.S. Air Force Academy graduate, Whiting spent seven years in the U.S. Air Force as a physicist leading USD1bn+ scientific projects. Following his service, Whiting kick-started his professional career as a consultant with McKinsey & Company.
Verdane is a specialist growth equity investment firm that partners with ambitious Northern European tech-enabled businesses to help them reach the next stage of international growth. Verdane pioneered portfolio acquisitions in Northern Europe in 2003, and announced a complementary fund strategy entirely dedicated to direct investments in 2018. Verdane’s eight funds hold €2bn in total commitments and have made over 120 thematic investments into category leaders in digital consumer, energy & resource efficiency and software businesses. Verdane’s team of 55, based in Berlin, Copenhagen, Helsinki, London, Oslo and Stockholm, is dedicated to being the best growth partner in Northern Europe. www.verdane.com
First published on Private Equity Wire on 1st September.