News

Hugh Hayes joins JOHCM Private Equity

JOHCM Private Equity is pleased to announce the appointment of Hugh Hayes as a partner. Hugh begins a full-time role with responsibilities for originating, executing and monitoring transactions. He has worked alongside the team at JOHCM Private Equity for a number of years, both as the chief executive of a portfolio company and as an operational adviser to TPE3. 

Commenting on the appointment, Jeremy Brade said, “We are delighted that Hugh has joined us. He adds to our capacity and brings a wealth of experience in the area of our investment strategy.  Hugh has worked closely with us in the past on transactions and I am confident that his addition to the team will have a significant positive influence on our investment programme going forward.”

Trident Private Equity Fund III appoints Advisory Board

TPE3, which held its final closing in June 2010, is pleased to confirm the appointment of its Advisory Board from amongst the Limited Partners of the Fund. The function of the Advisory Board is to be consulted by the General Partner on general policies and guidelines, investment valuations, prospective investment sectors and conflicts of interest in respect of the Partnership. The Advisory Board does not take part in the management of the Partnership's business. The members, who represent a significant portion of the committed capital of the Fund, are:

Sidney Cabessa, CEO, CIC Finance; Jack Edmondson, Investment Director, Oxford University Endowment Management; Simon Jamieson, Director, FF&P Asset Management Ltd; Brian Phillips, Chief Investment Officer, Greenhill Capital Partners Europe LLP

JOHCM Private Equity exits SiRViS IT

JOHCM Private Equity achieved a full exit from its position in SiRViS IT Limited through a sale of the company to a trade buyer on 14 July 2010, creating a return of 1.5x cash multiple and an IRR of 24%. SiRViS provides a range of IT support services, consultancy and systems installation across the UK. JOHCM Private Equity acquired the business in a public-to-private transaction in 2008.

JOHCM Private Equity invests in Inspired Gaming

JOHCM Private Equity is pleased to announce its investment in Inspired Gaming Group plc (“INGG”) following a public-to-private transaction. INGG, headquartered in London, has been de-listed from London’s AIM market. INGG is a global leader in the development and provision of server-based gaming products. It has four trading divisions and operates in ten countries where it manages over 50,000 gaming and entertainment terminals. Commenting on the acquisition, Jeremy Brade, a senior partner at JOHCM Private Equity who has joined the board of INGG, said: "We are very pleased to have invested in Inspired Gaming Group and look forward to working with the management team, and the lead investor, to make this a successful investment . We are confident of the strength of the company, its market-leading position, and its prospects for growth."

Trident Private Equity Fund III holds final closing

JOHCM Private Equity is pleased to announce the final closing of TPE3 with £78 million of committed capital. Jeremy Brade said, “We are very satisfied with the level of support we have received from our investors in a very difficult fund-raising environment. Our Limited Partners have increased their commitment to us from the previous fund, which we much appreciate. This is a testament to our focus and our track record of delivering superior returns.”

Trident Private Equity Fund III holds second closing

JOHCM Private Equity is pleased to announce the second closing of its new fund, TPE3. The fund now has £52 million of committed capital. TPE3 remains open for new commitments until the final closing, scheduled for no later than 30 June 2010. The fund completed its first investment in September 2009, the public-to-private acquisition of Celsis (see news item for 4 September 2009).

AssetCo awarded £40m UAE government contract

AssetCo announces £40m Outsourced Firefighting Services Contract with the UAE Government.

Trident Private Equity Fund II returns over 100% of committed capital to limited partners