August Equity, a UK mid market private equity firm, has promoted six people across its investment, investor relations and finance teams.
Sam Watkinson has been made a director of the firm. Watkinson, a qualified accountant, joined August in 2005 and co-ordinates deal origination across all of August’s four specialist sector sectors – healthcare, media, specialist manufacturing and technology. He currently sits on the board of Imagine Publishing and Planit Holdings.
Fraser Davidson and David Ramsey have both been promoted to investment directors. Ramsey, who joined in 2005, is responsible for executing deals across all of August’s four specialist sector sectors – healthcare, media, specialist manufacturing and technology – and was involved in the acquisition of Rixonway Kitchens last year. Davidson, who is responsible for investment origination and execution in the media and technology sectors, led the £29 million management buy-out of Boat International Group. He joined the firm in 2002.
Elsewhere, Martin Horne has been appointed portfolio director, with responsibility for the direction of the company’s investment portfolio and investor reporting. Horne, who joined August in 2004 when it was still known as Kleinwort Capital, was a key figure in the firm’s exits from Hale Hamilton, ETT, and Securistyle, a window fixture manufacturer.
Meanwhile Louise Ward, who led August’s successful re-branding last year, has been appointed investor relations and marketing manager, while Donna Wade has been appointed as management accountant.
August Equity has £250 million (€370 million, $494 million) under management and invests in firms valued between £10 and £100 million (€15-148 million, $20-197 million).