Henderson buyout head quits

Toby Boyle, London-based head of the European operation of Henderson Private Capital, has left the business.

Henderson Private Capital, the private equity arm of Henderson Global Investors, has lost its head of European private equity, Toby Boyle.

Boyle, who joined Henderson in 2001 from Morgan Grenfell Private Equity, left the firm two weeks ago, according to a source close to the firm. The reasons for Boyle’s departure are unclear, but the source suggested that reports of a disagreement between Boyle and Roger Greville, head of Henderson Private Capital, were correct.

No decision has yet been made as to Boyle’s successor and whether or not his position as head of Europe will be replaced, as well as head of the UK arm, is uncertain, according to the source.

Within the current European team, Walter Moldan heads up the firm’s Munich office, while Roberto Italia is in charge of the Milan-based team.

Last month Henderson saw the departure of the head of its fund of funds division, Jan Faber, who left the firm to head up the London office of Bregal Investments, the investment vehicle for the Brenninkmeijer family fortune.

News of Boyle's departure was first reported by Financial News. 

Two weeks ago, the firm completed its fourth acquisition of the year and its first in Germany when it acquired German chilled foods producer Homann-Feinkost in a transaction that was valued at approximately €140 million ($180 million).

Henderson is currently investing a €400 million fund, Henderson European Partners I, targeting €10 to €60 million management buyouts and expansion capital, predominantly in the UK, Italy and Germany.