German-listed private equity firm Aurelius Group has hired William Stamp as a deal maker in its UK office with immediate effect, according to a statement from the firm.
Stamp was previously senior investment manager at Hilco Capital, a financial services company that provides stressed and distressed investment and restructuring services. At Hilco Stamp was involved in corporate investments across a range of sectors, including the acquisition of Habitat from Ikea Group and Allied Carpets from Tapis Saint-Maclou, Aurelius said.
“Will’s knowledge and experience in the corporate carve-out and turnaround space will enable Aurelius to undertake more deals across the UK market,” said Tristan Nagler, managing director of Aurelius in the UK.
Aurelius typically invests in European private and public companies with revenues from £30 million to £750 million, with a particular focus on the industrials, chemicals, business services, TMT and consumer sectors. Last October the firm, which employs more than 70 professionals, opened an office in Madrid to manage its activities across Spain and Portugal, adding to its offices in Munich, London and Stockholm.
Last summer Aurelius agreed to sell Switzerland-based IT service provider connectis, as well as its small sister company SOFTIX, to SPIE Group, a European service provider of electronics and information technology, for CHF 48 million (€39 million; $53 million), a deal which netted the firm a 25.7x return.
The deal came just a week after the firm sold Hungarian-based Framochem, a manufacturer in the chemical sector, in a deal generating a 24.5x return, PEI reported at the time.
Aurelius shares were up 0.81 percent to €31.69 per share Monday, giving the firm a market capitalisation of €995.86 million.