Gresham loses Mike Henebery

The head of Gresham’s London office has left the UK mid-market firm after almost a decade.

Gresham Private Equity has confirmed that Mike Henebery, a partner with responsibility for the London investment team, has resigned.

Henebery “will be taking a break before deciding what route his career will take in future”, the firm said in an email. He will be staying on in a consultancy capacity for an as yet undetermined period.

Henebery joined Gresham in 2000 from Montagu Private Equity. He was a key player in the Gresham’s 2002 management buyout from parent company Zurich Financial Services, establishing a partnership with four other executives to take control of the company and £265 million (€295 million; $381 million) in funds.

Henebery worked primarily on the firm’s buy-and-build transactions, including that of outsourcing company Tribal, which posted profits of nearly £16 million for 2007.

Prior to working as a director at Montagu, Henebery spent five years in corporate finance at Investec and PricewaterhouseCoopers.

Henebery is listed on professional networking site LinkedIn as the owner of a company called St Margarets Investments- a firm which has recently filed for a name change and has not yet submitted any accounts, according to UK government business listings, Companies House.

Gresham has offices in London, Birmingham and Manchester and focuses on management buyouts of companies up to £100 million in enterprise value. The firm closed its last fund, Gresham IV, on £340 million after just one month of marketing in July 2006.

Henebery declined to comment.