IK Investment Partners has appointed Tom Salmon to its small cap team as a partner in the firm’s London office.
IK’s small cap team partners with management teams across four core sectors: business services, consumer/food, engineered products and healthcare.
Salmon will mainly focus on the origination of investment opportunities in the UK with an enterprise value of up to around GBP100 million. He joins IK from Duke Street Private Equity where he was a partner. Prior to Duke Street, he was a partner at 3i where he co-managed the UK team and spent 13 years covering origination, execution and portfolio management.
“The past twelve months represent yet another strong period of growth for IK. We have expanded the breadth and depth of our firm with over 30 new hires, employing a team of more than 75 investment professionals and a total of 130 staff across eight offices. The appointment of Tom will allow us to begin building a presence in the UK, benefitting from his wealth of investment experience combined with our pan-European platform,” said Christopher Masek, CEO at IK.
Salmon has been involved in deals including Great Rail Journeys, Audley Travel, JMJ and NCP. “I am thrilled to join IK as their first UK-based partner focusing on the small cap segment,” he said.
He continued: “IK has a 30-year track record of creating value and a well-established platform across Europe. The size of the UK small cap market and entrepreneurial nature of its businesses provide a compelling investment opportunity. I believe IK’s local investment teams across six European countries, as well as the firm’s successful sector focus will bring a clear differentiated approach to the UK’s burgeoning small cap market.”
