Duke Street grows LBO team

The private equity firm has added former DrKW staffer Martin Horne to the team.

Duke Street Capital Debt Management (DSCDM) has recruited Martin Horne to its European LBO team. Horne will become an associate director and will be responsible for originating and carrying out deals within the European market.

Horne joins DSCDM from Dresdner Kleinwort Wasserstein, where he was a vice president in the firm’s European leverage team. This team specialised in lead arranging and underwriting senior, mezzanine and high yield debt facilities for financial sponsor driven LBOs. Major deals for Horne have included the Doughty Hanson buyout of LM Glasfiber in March 2001 and MGPE’s
buyout of Whitbread pubs.

Prior to joining DrKW, Horne worked with the structured finance team at KPMG Corporate Finance and at National Westminster Bank. DSCDM says that it will be looking to increase its involvement in the LBO sector, which this week saw the
completion of the £820m acquisition of NCP by Cinven, Europe’s second largest LBO transaction this year.