London-based investment bank Evolution Securities has hired Steve Bartlett, a 20-year veteran of the private equity business, to spearhead its nascent private equity coverage group.
Bartlett becomes head of Evolution’s newly formed private equity department, housed within its corporate finance division, with immediate effect.
Evolution’s chief executive officer Alex Snow said in a statement the investment bank was moving in a new direction and had “a real ambition to establish a new and meaningful presence” in the private equity mid-market.
Bartlett cited “untapped opportunities” within the private equity sector, which historically has been under-served by Evolution’s corporate finance team. He will work with the 31 team members within the corporate finance division but envisages an increase in his private equity team “if the market moves significantly in a positive direction”.
Evolution Securities is a subsidiary of FTSE-250 listed Evolution Group and specialises in the UK and European equity and debt markets.