Palatine Private Equity has made four promotions across its UK business following one of the firm’s most successful and active years.
Andy Strickland, who is based in the London office, has been promoted to Senior Investment Director. He’s been with the firm for five years and has been involved in transactions such as Cyberfort Group, EPI, John Charcol and Wren Sterling.
Richard Thomas has also been promoted to Senior Investment Director. He joined Palatine in 2015 to help set up the Midlands office. Since then, he has acted on three deals, including TTC, CET UK, and Westleigh Partnerships, which was sold last year for a 3 x return.
In the firm’s Manchester office, Charlotte Ashton has been promoted to Senior Business Development Director, whilst Tom Wildig will take the role of Investment Director.
In 2014, Charlotte joined Palatine from a national food sector role at Grant Thornton. Charlotte will continue to lead the business development team and will focus on building relationships with advisers and management teams seeking private equity investment.
Tom Wildig joined Palatine in 2016 from Deloitte. He is responsible for sourcing and evaluating new investments, and offering strategic support to the current portfolio companies as they look to grow through acquisition, international expansion and operational improvements. Tom sits on the board of Vernacare, and was part of the team responsible for the sale of WHP Telecoms to Equistone in March 2018 for a 3x return on investment.
Gary Tipper, Managing Partner at Palatine Private Equity, says: “These promotions not only recognise the individual talent within Palatine; they demonstrate the progression the firm has made over the course of 2018. It proved to be an important year for us, with two of our largest exits in Westleigh Partnerships and WHP Telecoms, as well as investments in CET UK and Estio. We are looking forward to the year ahead, as we remain committed to partnering with high-growth, entrepreneurial businesses.”
