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Sovereign Capital appoints partner

UK private equity buy and build investor Sovereign Capital has appointed Alex Hay as a partner.

He joins from RJD Partners where he had been a partner since 2011 working with businesses across a breadth of sectors. 
Hay’s investments include the GBP23 million secondary buy-out of training provider Babington Group, the GBP15 million buy-out of Burgess Marine, the marine engineering services business, and the GBP40 million secondary buy-out of Harrington Brooks, the debt solutions business.
Prior to RJD Partners, Hay built his deal experience at Close Brothers Corporate Finance following his earlier accountancy career at PricewaterhouseCoopers. 
Sovereign’s managing partner Andrew Hayden says: “We are delighted to welcome Alex to the team and to be further strengthening the Partnership. He is a seasoned transactor with an excellent track record in areas which are aligned to our own. We’ve had a very busy 12 months at Sovereign having completed 15 Buy & Build acquisitions, 14 roll-outs and six exits. We look forward to working with Alex whose appointment further enhances our capabilities.”
Hay says: “Sovereign is an active operator with an impressive track record of delivering strong growth for businesses and management teams. Whilst predominantly recognised for their Buy & Build strategy, Sovereign’s investment style is not prescriptive. Each business is approached with a fresh set of eyes, enabling both the investment team and management to create a framework for growth that is right for that business. It was a combination of the scale of their transactional activity, consistency, focused approach and the quality of the team that attracted me to Sovereign.”

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