HgCapital appoints its third partner this year

The London-based private equity firm is beefing up its executive team, hiring Nick Luckock as partner just four months after promoting Amanda Good and Sebastien Briens.

HgCapital has hired former Actis partner Nick Luckock as it continues to beef up its executive team, having promoted Amanda Good and Sebastien Briens to partner in May.

Luckock is joining HgCapital in October as a partner and a member of its services team, which invests in a wide range of businesses, such as business process outsourcers, facilities management companies, and testing and inspection providers. Luckock began his career as a private equity investor at London-based buyout firm Apax Partners in 2001, developing expertise investing in small and medium-sized businesses in financial processing, business services, and technology.

While at Actis – which invests in growth markets across Africa, Asia, and Latin America – Luckock led equity investments into companies like AGS, an India-based ATM outsourcing and payments company; Paycorp, a payments business based in South Africa; Credit Services Holdings (CSH), a credit services business also based in South Africa; and Upstream, a London-based mobile marketing company focused on emerging markets.

“Nick is someone that our firm has known and admired for a long time,” said Matthew Rourke, managing partner and head of the services team. “We are very confident that he will be a success at Hg.”

Luckock will work closely with new colleagues Rourke, Andrew Land, and Thorsten Toepfer, as well as the rest of the HgCapital services team, the firm said.

HgCapital also hired two other senior investment professionals in the first half of this year. Florian Wolff, who previously worked at Advent International, joined HgCapital’s Munich office as a director, while Enrico Grasso, a former KKR director based in London, joined HgCapital’s TMT team.

HgCapital now has 16 partners and a staff of more than 110, the firm said.