Amadeus has Merritt

Former DB Capital Ventures and Providence Partners executive Roy Merritt has joined Amadeus Capital, the firm co-founded by his former Apax colleague Anne Glover.

Roy Merritt has joined European venture firm Amadeus Capital as a director. His work will focus on Amadeus’ activities in telecommunications and business services.

I believe there’s a great potential to build a world class venture business in Europe.

Roy Merritt, director, Amadeus Capital

Merritt already has a history with Amadeus. In the early 1990s, he worked with co-founder Anne Glover and director Richard Anton at Apax Partners. He has also already spent twelve months working part-time as a special partner with the firm, a role that he described in an interview with PEO as being in order to ’see how good the fit was’.
“I believe there’s a great potential to build a world class venture business in Europe,” he said. “I want to be part of a firm that can be a major player, and I think Amadeus has the brand name, deal flow and high calibre people to do that.”
Merritt is a graduate of Cambridge University and INSEAD. He left Apax in 1995 to become the CFO of one of its portfolio companies, Espirit Telecom Group, where he led the company’s fundraising efforts and worked on its flotations on EASDAQ and NASDAQ.
In 1999, when Apax exited their investment, he became a director at US media and telecommunications specialist Providence Equity Partners, where he helped establish the London office. The following year he joined Deutsche Bank to set up DB Capital Ventures, where he was managing partner and co-head.
When Deutsche Bank withdrew from private equity in 2003, Merritt established his own investment and advisory vehicle Orcapital. He is also a non-executive director of LSE-listed consultancy Axon Group.