NBGI Private Equity expands team

UK lower mid-market private equity firm NBGI Private Equity has appointed Lawrence Dean as an investment manager.
 
Dean began his career in corporate finance at SBC Warburg, now UBS, where he advised on a number of deals in the industrial and support services sectors.
 
After that, he worked in business development for Travelselect, a travel business acquired by online travel and entertainment retailer Lastminute.com in April 2002 for £9 million (€13 million; $17 million).
 
In 2002, Dean joined the investment banking division of the NBGI group.
 
Dean’s appointment follows NBGI Private Equity’s recent exit of its investment in Nationwide Autocentres. The UK car servicing and MOT provider was sold in a £49 million secondary management buy-in to Phoenix Equity Partners. NBGI Private Equity generated a 10x money multiple on its original 2001 investment.
 
Established in 2000 with an initial €100 million fund, London-based NBGI Private Equity invests £2 million to £15 million in buyouts, buy-ins, development capital and turnarounds with transaction values between £5 million and £50 million