ISIS Equity Partners hires four in UK

The new hires will join the soon-to-be-renamed firm in London and Manchester

UK lower mid-market firm ISIS Equity Partners has appointed four new investment professionals, who will be based in its London and Manchester offices, according to a statement from the firm.

ISIS could not be reached for comment on the new hires at press time.

Maria Evgeniou joins the firm’s London office as an investment manager from Pricewaterhouse Coopers, where she spent six years as an assistant director in their London corporate finance team covering public company, private equity and private company transactions across a number of sectors.

Evgeniou will be joined by Jennifer Stratton, who has also been hired as an investment manager, and Simon Peet, who joins as an associate. Stratton joins from FirstCapital Corporation, where she worked for two years as a vice president focusing on the internet and technology sectors. Before this she spent four years with the TMT investment banking team at Citi.

Peet spent two years as a strategy consultant at The Parthenon Group, a strategy consulting boutique recently acquired by EY.

Oliver Mauldridge will join the ISIS Manchester office as an investment manager, having spent three years as an associate director at DC Advisory. At his previous firm Mauldridge worked on several transactions, including Cardtronics Inc’s £41.5 million acquisition of Sunwin Services Group from the Cooperative Group in September.

In September former ISIS associate director James Hurrell was appointed as an investment manager in Bridges Ventures’ Sustainable Growth Fund team as part of a team expansion.

ISIS said the new appointments follow the completion of four new investments, one acquisition, follow-on investments in several portfolio companies and four exits so far this year. In June the firm backed a £45 million buyout of Metronet, a UK internet service provider previously owned by LDC.

In January, ISIS sold coffee vending machine company Kafevend to Eden Springs, a leading European provider of water coolers and coffee machines for offices, in a deal yielding an exit multiple of 2.5x and an IRR of 13.8 percent for Baronsmead VCTs, on whose behalf ISIS invested in the business in 2005.

“These recent appointments enhance the investment teams’ expertise and build on the new investment and realisation activity that we have experienced over the past few years,” ISIS managing partner Wol Kolade said in a statement.

Last month ISIS announced that it would be changing its name in light of the increasing prominence of the terrorist organisation Islamic State, also known as ISIS or ISIL, which is currently engaged in a violent campaign in Syria and Northern Iraq, Private Equity International reported earlier. The firm has yet to unveil its new brand.