GB Palladin hires for London office

The private equity arm of US asset management company Gordon Brothers has hired Alan Taylor as a managing director in its London office.

(PrivateEquityCentral.net) GB Palladin Capital, the private equity arm of Boston-based finance and asset management firm Gordon Brothers, has hired 30-year retail veteran Alan Taylor as a managing director in its London office, according to news reports.

Taylor, the former chief executive of UK-based GUS Home Shopping division, will focus on European retail opportunities along with the other twelve members of the London team, the news reports said.

 

This year, Taylor was involved in the management buyout of GUS Home Shopping by UK retail and media giant Barclay Brothers. He has served on the board of Argos Retail Group, and worked as director for Arcadia, Safeway and THE (Nintendo UK).

 

Gordon Brothers Group and New York-based merchant bank Palladin Capital Group formed GB Palladin Capital earlier this year when they jointly acquired specialty retailer Spencer Gifts from Vivendi Universal Entertainment. GB Palladin will make investments between approximately $5.75m and $35m in growth and turnaround situations in the retail sector.

 

Palladin targets investments in the retail, distribution and manufacturing sectors ranging in value from $50m to $500m. The firm’s other investments include retailers Restoration Hardware and Nine West.

 

Gordon Brothers provides customized global financial and operating solutions for consumer product companies at times of growth or restructuring. The firm provides capital, works to dispose of assets, or provides advisory services.