Former 3i executive Andrew Garside has joined the new investments team in the London office of ISIS Equity Partners, the private equity arm of F&C Asset Management.
Garside spent 14 years at 3i, latter as director responsible for operations in Yorkshire and the North East of England. While with the LSE-listed firm he worked on investments including the care homes business Castlebeck Care and motor vehicle data provider HPI.
He also lead deals including the £56 million ($82 million; €106 million) MBO of Extec quarry crushers, the £57 million development capital fund-raising for insurance brokers Smart & Cook and the £18 million MBO of Zenith Vehicle Contracts.
The announcement of Garside’s new role follows the announcement three weeks ago of two further hires.
Andrew Bucknell joined the Birmingham new investments team from Barclays Ventures, where he was responsible for setting up and operating the firm’s midlands operations for six years. While in the role he handled five realisations and 11 investments, most recently including the £10 million MBO of the debt enforcement company CCS Enforcement Group.
Neil Bennet joined ISISEP’s London new investments team following two and a half years with RBS’s corporate and structured finance team, where he arranged debt packages for corporate and private equity deals including the public to private of Boosey & Hawkes’ instruments division.
Prior to that he spent a year and a half with Barclays, including a period with Barclays Venture.
ISISEP’s head of new investments Mark Advani told PEO: “We have a lot of money to invest at present, so we want to get more people on the ground to increase deal volume.
ISISEP has offices in London, Birmingham and Manchester, and employs 24 investment professionals. It is currently investing its vintage 2003 3rd institutional LP fund, worth around £150 million; and four VCTs, totalling around £200 million.
It invests in UK companies in transactions valued at between £5 million and £75 million. It also undertakes a small number of deals in mainland Europe.
F&C Asset Management was formed by the merger of ISIS Asset Management plc and F&C (Group Holdings) Ltd last October. At December 31st 2004 it managed assets worth £124.8 billion.