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Palatine appoints new partner

Palatine Private Equity has strengthened its investment team with the appointment of Andy Lees as a partner.

 
Lees (pictured) joins the private equity firm from Barclays where most recently he led the large corporate team across the North West of England.
 
He has over 20 years’ experience in corporate finance, private equity and banking having previously held positions at Ernst & Young, Aberdeen Murray Johnstone Private Equity (AMJPE) and Barclays Ventures.
 
Whilst at AMJPE, Lees worked on several transactions with the Palatine partners including:
 
•             The GBP15m MBO Plaxton Coaches;
•             The GBP16m buy-in management buyout (BIMBO) of aerospace engineering firm Brookhouse Holdings ; and
•             The GBP39m secondary MBO of UK leading independent retail property services provider Styles & Wood.
 
Palatine has completed two deals so far in 2013. The firm invested in Blackburn-based private medical insurance intermediary Chase Templeton and backed the management buyout of Playnation, the former amusement and leisure division of Inspired Gaming.
 
Lees says: “I am looking forward to working with the Palatine team again. I’ll be using my experience and contacts in the Northern business community to help continue to cement Palatine’s strong reputation in the regions of the UK. They have already made a strong start to the year following the Playnation and Chase Templeton deals, so now is an exciting time to be joining.”
 
Gary Tipper, managing partner at Palatine Private Equity, says: “We are delighted that Andy is joining the team. He is an experienced investor which is a key attribute in today’s dealmaking climate. We are confident he will add to the quality and experience of the existing team at Palatine and will fit in with our approach and culture.”

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