Shorthouse to raise mid-market fund

Dominic Shorthouse, the former Warburg Pincus dealmaker, has launched a E450m mid-market buyout fund.

Fundraising is underway for a new mid-market buyout fund launched by Dominic Shorthouse, a former London-based partner at global private equity house Warburg Pincus.

Shorthouse’s new firm, London-based Englefield Capital, has appointed UK merchant bank Cazenove and the private placement arm of Merrill Lynch to help raise the fund. Englefield is understood to be looking for E450m in commitments.

Shorthouse left Warburg Pincus in 2001 following a career at the firm that began in 1988. A well-known dealmaker, he became a partner and sat on the firm’s operating committee.

Shorthouse, who prior to joining Warburg Pincus had been at Morgan Stanley, fronted a number of high profile transactions in the UK including investments in Esprit Telecom, Jordan Grand Prix and UK television station Channel 5.

Shorthouse has been joined at Englefield by former Warburg colleague Adam Barron. He is expected to bring his communications and media expertise to bear on the fund’s investment strategy, although the fund’s sector focus is thought to also include consumer goods, financial services and healthcare.    

A spokesperson at Englefield declined to comment.