Sovereign further expands investment team

The UK firm has hired two as it continues to grow its deal team following the close of Fund IV

Sovereign Capital, a UK private equity “buy-and-build” specialist, has expanded its investment team, appointing Ravi Aujila as investment manager and Adam Philippsohn as analyst, according to a statement from the firm.

Aujila joins the firm from mobile technology company Monitise, where he was vice president in the corporate development team. Prior to this he was a strategy and mergers and acquisitions managers at Whitbread. Aujilia has also worked on M&A and debt advisory in the leisure, retail and consumer sectors at Global Leisure Partners.

Philippsohn joined Sovereign from Clearwater International, where he was part of the corporate finance deal origination team sourcing M&A and debt advisory mandates. He worked on origination for the TMT, healthcare, real estate and debt advisory teams, as well as managing relationships with London-based private equity firms.

Both Aujila and Philippsohn will focus on new investments across Sovereign’s core focus areas of business support services, healthcare, and education and training, according to the firm.

Sovereign expanded its investment team last December, hiring Trevor Stokes and Oliver Hedley-White to work on both platform investments and buy-and-build opportunities. Last month the firm promoted two directors, Neil Cox and Jeremy Morgan, to partner, PEI reported earlier.

In August 2014 Sovereign closed its fourth fund on its £395 million (€550 million; $613 million) hard-cap after just five months in market. SCLP IV will invest up to £50 million of equity in services based companies. In 2014, Sovereign also fully realised its first fund, SCLP I, a 2001-vintage £120 million vehicle, which generated an overall return of 3.5x, PEI reported previously.