Cairngorm appoints HIG deal-maker

Former surgeon Amit Thaper is charged with seeking new investments in the services, distribution and manufacturing sectors.

Cairngorm Capital has appointed Amit Thaper to the role of investment director, according to a statement from the firm.

Thaper will be involved in scoping out new investments in Cairngorm's three focus areas – services, distribution and manufacturing – and will be relocating to London from Boston to take up the role.

Thaper joins from HIG Capital, where he was a Boston-based vice-president involved in acquiring and advising “value-orientated, lower middle-market companies with high return outlooks”, the statement said. Prior to his time at HIG he spent seven years as a strategy consultant with Bain & Company, advising clients across a number of industries such as healthcare, manufacturing and distribution, and conducting due diligence on private equity and hedge funds.

Thaper's beginnings are somewhat unconventional. He spent the first three years of his career as a surgeon with the National Health Service in the UK.

Cairngorm Capital has had a busy year, completing six investments since July 2016. It closed its second fund, Cairngorm Capital II, at £107.5 million (€126.6 million; $137.9 million) earlier this month, having launched on December 2016. The firm's first fund closed in 2015 at £52.5 million.

The UK-headquartered firm focuses on mid-market companies with an operating profit of between £2 million and £20 million. It seeks business models considered resilient to economic volatility and places a premium on the quality of its portfolio companies’ management teams.