One of the world’s oldest private equity firms has hired a former Kohlberg Kravis Roberts principal in an effort to ramp up its coverage of the German-speaking region.

TA Associates is growing its European team with the hire of Dietrich Hauptmeier as a senior vice-president - he will be the firm's first German-focused partner, according to Ajit Nedungadi, a managing director at TA Associates. The firm has added three other investment professionals to cover the German-speaking Europe since 2008, Nedungadi added.