BoS strengthens integrated finance activities

The London team at Bank of Scotland Integrated Finance has been bolstered with the hire of former 3i director Robin Winning.

Bank of Scotland Integrated Finance has appointed Robin Winning as director of integrated finance, based in London.

At Bank of Scotland, Winning will work in the Bishopsgate-based team, led by Mark Hammond, head of integrated finance.

Winning has joined from global private equity firm 3i, where he spent eight years as a director in the London and Scottish offices executing buyouts across various industry sectors.

Transactions Winning worked on at 3i included the £80 million (€117 million; $150 million) realisation of clothing retailer Ben Sherman to US-based Oxford Industies, which generated a 12x money multiple for the London-listed private equity firm in June 2004; the £17 million buy-in management buyout of media monitoring company KBBI alongside Royal Bank of Scotland (RBS) in April 2005; and the £130 million sale in a tertiary buyout of house builder Morris Homes to RBS in April 2004.

Other significant transactions included Careshare, Clyde Bowers and Phillips Auctioneers.

Prior to 3i, Winning was a chartered accountant at PricewaterhouseCoopers.

At Bank of Scotland, Winning will be responsible for originating and leading transactions in the £50 million to £400 million bracket.

Bank of Scotland Integrated Finance, part of HBOS, launched in February 2000 and employs 100 people.

Most recently, the integrated finance team backed the £100 million MBO of East Sussex-based construction, development and property maintenance company Rydon Group in January 2006. The previous December, the team backed John Leng & Company, a subsidiary of publishers DC Thomson & Company, in the £85 million acquisition of Puzzler Media Group from ABN AMRO Capital.