Duke Street Capital, the London-based European mid-market investor, has installed Peter Taylor in the new position of head of private equity.
Promoting Taylor, who used to be in charge of Duke Street’s private equity operations in the UK, is part of an overall restructuring of the firm’s private equity business.
Taylor will oversee four newly created country teams operating in the UK, Spain and France, where Duke Street has local offices already, as well as Germany, where an office is to be established soon.
Formalising its continental European activities in this way reflects Duke Street’s commitment to doing business outside its home market. Until last year, the firm was one of the few London houses investing in deals on the continent without having offices there. Instead Duke Street had built a network of European partners with local presences.
Taking over from Taylor as head of the UK operation is Tim Lebus. The French team is led by Frédéric Chauffier, the German team by Ervin Schellenberg and the Spanish team by Roberto Warfield.
Duke Street invests in established, mid-market pan-European businesses with an average enterprise value of up to €300m. It currently has over €2bn under management.