Arle makes twin hires to support revised strategy

Arle Capital Partners - formerly Candover Partners - has hired two investment team members including Sara Sulaiman (pictured) as part of a drive to re-shape its strategic focus.

Arle Capital Partners has made two hires to support its plans to move away from the pan-European approach of its forbear Candover Partners, according to a source close to the matter.

Arle has hired Sara Sulaiman as an investment manager and Martin Edsinger as an investment executive.

The firm said they bring experience from both the energy sector and the Nordic region. The hires take Arle's team of investment and operating professionals to 17 members in total. Arle will be making more hires next year, it said.

Swedish national Edsinger joins from management consultancy Bain & Co where he was an associate consultant in its private equity group.

Sulaiman, who is from Oman, has extensive knowledge of the energy sector having previously worked for Petroleum Development Oman and then Shell in the UK. She worked with Arle while at Simmons & Company on the buyout firm's acquisition of RBG Holdings.

Commenting on the new appointments, John Arney, managing partner of Arle said: “The addition of Sara and Martin further strengthen our capabilities in the energy sector and in the Nordic region, two key components of Arle’s investment strategy.”

Arle's revised strategy revolves around a focus on the energy, services and industrials sectors, with a geographic focus on the Nordic region, according to a source close to the firm. It will also look at smaller deals than those targeted during its Candover iteration.

Arle only has a London office, and will remain this way, according to a source close to the firm. Its London base is used not only by the firm, but by executives from Arle’s portfolio companies as well, which make use of the office as a base in the UK. 

Arle Capital Partners was formally launched in April, having spun out of Candover Partners. Since the new team was formed, the firm has made three exits and one investment, including recent sale of safety equipment manufacturer, Capital Safety, to KKR for $1.12 billion. 

The source revealed Arle’s current fund is well deployed, but still has a small amount of capital to make bolt-on acquisitions for its portfolio companies. The firm will not be making any new investments and is not planning to launch a new fund imminently, but may do so in the future.