Retail investor Alteri Investors has appointed Magnus Mattsson to the newly created chief investment officer role to drive its activity across Europe.

Mattsson joins from private equity firm Apax, where he rose to senior principal of its retail and consumer group during his 11 years at the company.

Mattsson said: “The market opportunity across Europe for turnaround deals in the retail sector is significant, and with the financial backing of our joint venture partner Apollo Credit, coupled with the depth of the team’s financial and operational skills, I’m very confident we can play an important role in the European retail restructuring market.”

During his time at Apax, Mattsson led or participated in transactions involving fashion brand Tommy Hilfiger, Nordic garden centre chain Plantasjen, shoes and bag manufacturer Cole Haan and Israel food company Tnuva.

In total, Mattsson played a role in €2.8bn (£2bn) of equity investment at Apax.

Alteri chief executive Gavin George said: “His pedigree in private equity, track record of successful deal-making and pan-European network will be central in developing Alteri’s investment and lending capability.”