Palamon Capital Partners has appointed Katherine Ireland (pictured) as an Associate Principal.
Ireland joins Palamon having earned her MBA from Harvard Business School in 2015. She was previously an Associate in the London-based investment team at Centerbridge Partners with responsibility for managing European distressed credit and private equity investments. Ireland began her career at Goldman Sachs International as an Analyst where she advised European industrial companies on strategy and financing. In addition to her graduate degree, Ireland earned a BA in Economics and History magna cum laude, Phi Beta Kappa, from Williams College, Massachusetts. She now serves on the board of the Center for Development Economics based in Williamstown.
Louis Elson, Managing Partner of Palamon Capital Partners, says: “We are delighted to welcome Katherine to the Firm at this exciting time in our development. She brings creativity, experience and additional depth to our team of high-calibre investment professionals. Katherine is particularly well-suited to our thesis-led investment system which allows us to source and acquire very interesting growth companies right across Europe.”
Ireland says: “I am excited to be joining the Palamon team. Palamon’s entrepreneurial culture and impressive track record in growth investing make this a very compelling opportunity for me. I am looking forward to being part of the Firm and its future success.”
Ireland’s appointment is the third hire to the investment team over the past 14 months, a period of high activity for the Firm. Palamon completed the exits of Prospitalia and Retail Decisions for a 3.0x and 2.5x return, respectively, while acquiring legal services group, Simplify; Italian luxury brand, Il Bisonte; and, UK foreign exchange provider, Currencies Direct. The Palamon team also led the transformational acquisition of UK wealth manager Ashcourt Rowan plc by portfolio company Towry. The strength of the underlying assets in the Palamon I and II portfolios allowed Palamon to complete a highly innovative GP-led secondary process in August 2015 which provided a transaction option at attractive pricing for fund investors seeking liquidity.