Sovereign bolsters business services activities

The London-based private equity firm has appointed former PricewaterhouseCoopers business services specialist Phil Hinson to its team.

UK lower mid-market private equity firm Sovereign Capital has appointed Phil Hinson as an assistant director.
 
Hinson has spent the last six years at PricewaterhouseCoopers Corporate Finance, where he was a founding member of the business services sector team. 
 

Hinson: business services specialist

While at PwC, Hinson focused primarily on the facilities management sector, including the £26 million (€38 million; $49 million) secondary management buyout of Emprise, a provider of outsourced environmental and property services by RJD Partners in October 2003; the £15 million sale of M&A and fabric maintenance specialist Circle Britannia to Spice Holdings in September 2005; and the acquisition of Pegasus Security by ISS for an undisclosed sum in January of this year.
 
Prior to PwC, Hinson began his career with Coopers & Lybrand in 1996, where he qualified as a chartered accountant.
 
London-based Sovereign Capital’s previous investments in the business services sector include Promanex, an industrial support services company for the UK’s energy, process and industrial markets; and Laurel Management Services, a group of 29 funeral homes in the Kent, Hampshire, Hertfordshire and Midlands region.
 
Since former managing partner Peter Brooks resigned from Sovereign Capital last October, the firm has promoted Dominic Dalli and Simon Hitchcock to director and Jose Rodriguez to investment manager. Brooks, who joins investment network Pi Capital in July, handed over his responsibilities to senior partners Andrew Hayden and Ryan Robson. Hinson’s appointment brings the number of investment professionals at Sovereign Capital to 14.