One Rock Capital names Europe-based operating partner

• Lutz Velten is named as the new operating partner
• Velten will be responsible for driving post-acquisition value creation at One Rock’s portfolio companies
• One Rock has $5 billion of cumulative capital commitments under management

One Rock Capital Partners has appointed Lutz Velten as its first Europe-based operating partner.

Velten’s appointment comes after the firm announced the opening of its new office in London earlier this month to accelerate its European investment activity.

Velten will be responsible for driving post-acquisition value creation at One Rock’s portfolio companies through operational and supply chain improvement, according to a release.

Prior to this, he served as vice president, strategy & operations at Ecolab.

“His deep understanding of operations and supply chain is incredibly valuable as One Rock expands its presence across Europe,” said R Scott Spielvogel, managing partner of One Rock.

Earlier this month, the firm appointed Telmo Valido as a partner to co-lead the London-based team with Kurt Beyer.

One Rock is a value-oriented, operationally focused private equity firm executing on complex buyouts and is headquartered in New York. The firm has $5 billion of cumulative capital commitments under management.

The firm’s recent European deals include the acquisition of Prefere Resins, a Germany-based pan-European manufacturer of adhesive resins and formulations, in July.