Troup to join Duke Street

The former Permira executive joins the European mid-market firm as it plans its sixth fund.

Charlie Troup, the former senior professional at Permira whose departure was announced last September, is to join UK and France-based mid-market private equity firm Duke Street Capital by the end of this month. He will work on all aspects of deal making including origination, execution, management and exit.
 
Peter Taylor, Duke Street’s chief executive, told PEO: “They’ve done a lot of good deals at Permira and Charlie’s done his fair share of them. He’s keen to get back into the mid-market, which is where Permira was when he joined the firm.”
 
He added that Troup will begin as a generalist, but was likely to develop a sector focus in due course.
 
The 41-year-old spent ten years at Permira, becoming a partner in 2001. While with the firm he worked on investments including The AA, satellite company Inmarsat, Taiwanese tech company TGE Group and gym operator Holmes Place. He was also co-head of the firm’s media practice, alongside Frankfurt-based Götz Mäuser.
 
He previously spent two years with Montagu Private Equity on secondment from Deloitte and Touch Corporate Finance, where he was a senior manager advising management teams on raising private equity for buyouts.
 
Duke Street is preparing to raise a new fund, DSC VI, later this spring. The fund will have a target size of €850 million ($1.03 billion) and will focus on mid-market buyouts in the UK and France.