Brooks to join investment club Pi Capital

Peter Brooks, former managing partner of mid-market private equity firm Sovereign Capital, is to join UK member-based investment firm Pi Capital in July.
 
Brooks will join Pi Capital as managing director and partner, working alongside managing director and chief investment officer Paul Thomas and chief executive Paul Giampaolo.
 
Brooks has worked in the private equity industry for 17 years, the last seven of which were at Sovereign Capital.
 
Senior partners Andrew Hayden and Ryan Robson took over Brooks’ responsibilities at Sovereign Capital following his departure last October.
 

Brooks: joining Pi Capital in July

Thomas said in an interview with PEO that Brooks had responded to a recruitment drive. “We ran an ad as we were looking for someone with a lot of experience and could hit the ground running,” said Thomas. “We weren’t expecting Peter to call, but it is great to have someone with his wealth of experience. He’s been in the industry almost as long as I have. It’s a real coup to get him.”
 
Thomas, who followed up a six-year stint as PricewaterhouseCoopers with 19 years at mid-market buyout house ECI, where he was managing director until retiring in 2003, said that Pi Capital was growing its investor base and sector knowledge. “Our dealflow often comes from our investors’ knowledge and networks,” he said. “We have over 250 investors who themselves sit on over 600 boards, including FTSE and larger private companies as well as smaller business, so it really broadens our pipeline.”
 
London-based Pi Capital typically invests between £1.5 million to £5 million of equity capital in UK-centric businesses with minimum turnover of £1 million.