Oakley Capital, the AIM-listed turnaround investor, has hired Del Huse as managing director. Huse joins from Leeds-headquartered turnaround specialist Endless, where he spent two years leading the firm’s London operations.
Prior to joining Endless, Huse spent five years co-founding the corporate finance M&A advisory service line for Kroll, which has since spun off to become advisory firm Zolfo Cooper.
At Oakley, Huse will focus on deal origination in the UK and European mid-market. The move means a shift away from pure turnaround opportunities to more generalist strategy, Huse said in an interview with PEO.
Oakley invests in “the turnaround of underperforming assets in consolidating or growth industries or within sectors which are subject to structural change”, said the firm’s founder Peter Dubens in a statement.
Oakley Capital Investments, an AIM-listed feeder fund for Oakley’s €288 million Oakley Capital Private Equity fund, last month said it expects to write up its net asset value by 14 percent year-on-year following a number of bolt-on acquisitions by its underlying portfolio companies.
Dubens said at the time that the optimum stage of the market cycle had not yet been reached for pure turnaround opportunities, but real opportunities currently exist for buy-and-build opportunities.
“There are some very exciting consolidation opportunities around, particularly among internet-related businesses,” he said.