Wed, 30/04/2014 - 12:06
Paraag Davé, Tom Shelford and David Torbet have been made partners of Bowmark Capital, the mid-market private equity firm.
Senior partner Mark Salter also joins Bowmark’s management committee alongside Kevin Grassby and Charles Ind.
The internal reorganisation follows the recent fundraising of Bowmark Capital Partners V, which closed in December 2013 at its cap of GBP375 million. The new fund’s investment period begins this month and it will invest in growth-oriented service companies, typically with enterprise values of up to GBP100 million.
Salter has played a key role in Bowmark’s development over the past 12 years, including leading a number of its successful investments in the healthcare, leisure and business services sectors, such as Kisimul, School Travel Group and Leaders Lettings.
Davé joined Bowmark in 2008 having worked in a number of management roles at B2B logistics provider, Excel PLC, and prior to that at strategic consultancy firm Monitor Company. He has been instrumental in the development of Bowmark’s IT practice, working on a number of transactions, including the investments in Datix, CSL DualCom and iprism.
Shelford also joined Bowmark in 2008, from Nomura Private Equity. He is responsible for the firm’s activities in the education sector and led its recent investment in ISIS Education Group. He has also helped develop Bowmark’s expertise in the business services, healthcare and media sectors, and has worked on a number of investments including Romans, Glenside and Law Business Research.
Torbet has been with Bowmark since 2006 having worked at OC&C Strategy Consultants and food service market leader Brakes. He has played a key role in the development of Bowmark’s leisure and healthcare practices over the past eight years, and his investments include JAC Travel, CARE Fertility and Drake & Morgan.
Ind says: “We are delighted to announce Mark’s promotion, and to welcome Paraag, Tom and David to the partnership. They will further strengthen our management team as we embark on the investment programme for Bowmark Capital Partners V.”
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