AMJPE reshuffles and recruits

Aberdeen Murray Johnstone Private Equity has added to its New Investment Team to compete in UK midmarket deals.

Aberdeen Murray Johnstone Private Equity (AMJPE), the private equity division of Aberdeen Asset Management, has appointed former Ernst & Young director Andy Lees to its North West New Investment team based in Manchester. The focus of this team is to invest in mid market MBOs, MBIs and development capital deals.

Lees joins as a senior investment manager and will work alongside Mike Rogan, who has been promoted from within AMJPE to the same position. Both men will report to Paul Newton who heads the office.

Prior to appointment, Lees was assistant director of corporate finance at Ernst & Young, where he spent several years advising on MBOs, development capital deals and company disposals.

Moving from the New Investment team to the North West portfolio management unit is Ed Fazakerley. Liz Tidsey, who has been promoted from administrative assistant to Assistant Portfolio Manager, will work with him. Their roles will be acquisitions and exits for AMJPE’s existing North West portfolio.

In Aberdeen, Jock Gardiner becomes head of the private equity team as the former chief Hugh Little takes over responsibility for managing all of the firm’s Scottish investment offices.

Aberdeen Murray Johnstone Private Equity (AMJPE) arranges equity finance for expansions, MBOs, MBIs, acquisition finance, refinancing bank debt, rescue/ turnaround, secondary purchase/ replacement capital and occasionally, start-ups. Investments are made in a wide range of industry sectors, primarily in the UK, seeking to invest from £500,000 to £15m in small to medium-sized companies, up to a market capitalisation of £50m.