UK lower mid-market firm Palatine Private Equity has hired Zoe Clements as a partner to focus on backing companies with a strong focus on environmental, social and governance principles in their business models.
Clements, who will be based in the firm’s London office, will work with the Palatine team to target new investments that have a positive social and environmental impact, as well as the opportunity to generate strong returns.
She joins from Electra Partners, where she took a leading role in the investment in Photobox Group and the exit of fine arts materials supplier Daler-Rowney. Prior to that Clements spent 10 years at mid-market UK private equity firm LGV Capital, where she was a director. Previously she was an associate director at Royal Bank of Scotland in the leveraged finance team and trained as a chartered accountant at PwC.
In the statement, Palatine partner Beth Houghton said Clements’ interest in combining private equity returns with an ESG focus “is aligned with Palatine’s investment philosophy”.
Palatine is currently investing from its third fund, which held a first and final close on its £220 million hard-cap in June 2015.
The firm typically looks to invest between £10 million ($12.3 million; €11.1 million) and £30 million per transaction, and has offices in Manchester, London and Birmingham.