Scottish EIS Fund Manager, Par Equity, has appointed Andrew Noble as a partner.
Nobel, who has a reputation as an angel investor in technology companies, joins Par from Transition Capital, the private equity company he founded to pursue Scottish SME buyouts. At Transition Capital Nobel led deal sourcing, due diligence and fund raising. Earlier in his career he built an investment portfolio of more than 30 technology companies.
Par first joined Par Equity in 2002, while he was also a member of the British Alpine ski team. He joined Par Equity as an analyst and later launched the firm’s inaugural property fund. He left in 2013 to study for an MBA from INSEAD Business School in France. Later, Nobel joined McKinsey and Company as a management consultant specialising in Sales Optimisation for FTSE 100 clients.
Noble says: “Since I left in 2013, Par Equity has established itself as a top-tier venture capital business, specialising in EIS qualifying investments. The track record speaks volumes about the quality of the investments Par has made and the added value it brings to the table. Knowing the team so well, it was an easy decision to come back and help grow the business further.”
Paul Munn, Partner at Par Equity says: “We are thrilled to welcome Andrew Noble back to Par Equity as a Partner. Two thirds of our portfolio is based in Scotland, which has some of the UK’s most interesting early stage ventures. Andrew’s ‘local knowledge’ will help us strengthen our position in the area still further. The additional fire power that Andrew brings will enable us to back more companies across the UK, which will result in new technologies getting to market and create dozens of jobs.”