Graphite Capital, a UK-based mid-market firm, has expanded its investment team with three new appointments.
The firm has hired Humphrey Baker as an investment director from UK lower mid-market firm Lyceum Capital Partners, where he was part of the deal team and also looked after portfolio company management, according to a statement.
Graphite has also hired Liam McGivern and Alex Mills as investment managers. McGivern was previously with Pricoa Capital Group, where he worked on European mezzanine investments. Prior to that he was part of the restructuring and transaction services team at Deloitte. Mills used to work at KPMG, where she was a manager in the financial restructuring advisory team.
Graphite also promoted Simon May, Colm Walsh and Andrea Fernandez to investment director. May joined Graphite’s direct investment team in 2010, while Walsh and Fernandez both work in the fund investment team.
The appointments were made to “further strengthen the team, especially given Graphite’s successful fund raising and focus on making new investments,” a Graphite spokesperson told PEI. Graphite now has 15 investment professionals, including three investment directors and two investment managers.
The firm is currently investing its Graphite Capital Partners VIII, which closed on £500 million last year after just seven months in market.
In March, Graphite backed the management buy-out of ICR, which provides repair and maintenance services to the global energy industry. In May, Graphite sold Education Personnel, a provider of supply teachers and education support staff to schools in England and Wales, to Intermediate Capital Group (ICG) for £300 million netting a return of close to 6x.
In July, Graphite sold London Square, a London property development business, to Ares Management, generating the firm a 2x return and a 22.4 percent internal rate of return, PEI reported at the time.