PE Tech Report

NEWSLETTER

Like this article?

Sign up to our free newsletter

Cairngorm Capital expands investment team

Cairngorm Capital has appointed Stuart Whiteford as investment manager.

Whiteford joins from the EuroAsia special assets group at Goldman Sachs, where he was an executive director involved in strategy and investment for a range of European opportunities.
 
Prior to Goldman Sachs, he was a member of Citigroup’s UK investment banking team, advising companies and private equity investors on mergers, acquisitions and equity capital market transactions.
 
As an investment manager at Cairngorm Capital, he will source new opportunities, execute transactions and work in partnership with the management teams of Cairngorm Capital’s portfolio companies.
 
Whiteford’s appointment is the first of several that are planned to enlarge Cairngorm Capital’s investment team over the next few months. The company has completed five investments since July 2016 and increased the committed capital in its first fund by 40 per cent. The firm will shortly announce the closing of its second investment fund.
 
Whiteford joins the team led by Andrew Steel and comprising investment directors Alex Bayliss and John Naylor-Leyland, together with Cairngorm Capital’s operating partners Jon Gatfield, John Declerck and Oliver Robinson.
 
Steel says: “We are delighted to have Stuart join our team. He has the proven calibre, experience and style to complement and broaden the capabilities of our team, enabling us to increase the range of investment opportunities that we can explore. We are unusual as private equity investors, in being actively involved in the strategy and operational focus of our portfolio companies. We commit considerable time to support each of our management teams in their plans to enhance their businesses. Our management teams will be delighted to have access to Stuart’s talents.”
 
Lee Hess, chairman of Cairngorm Capital, adds: “Stuart joining our firm is terrific news. We are thrilled that he is bringing his expertise and talent to Cairngorm Capital and we are delighted to welcome him to our team.”
 
Cairngorm Capital invests in well performing, UK headquartered, mid-market companies, earning operating profit of GBP2 million to GBP20 million in manufacturing, distribution and services industries. It is interested in firms that can weather economic volatility, have shown consistent historical growth and have significant future growth prospects. A priority is the quality and success of the management team, as Cairngorm Capital builds and realises value through growth and operating improvements, not through financial engineering.

Like this article? Sign up to our free newsletter

MOST POPULAR

FURTHER READING

Featured