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PRINT THIS PAGE Sovereign Capital's Peter Brooks resigns17/10/2005. Source: AltAssets. 
 Sovereign Capital managing partner Peter Brooks is to leave the UK lower mid-market private equity firm - only months after the firm's second fund closed. He will 'pursue new interests', according to a statement issued by Sovereign Capital.
Brooks will remain a non-executive director on a number of Sovereign portfolio company boards.
He has been with the firm for nearly seven years, during which he recruited and led the senior team, building Sovereign Capital into a successful business, with £450m under management.
Prior to Sovereign Capital, Brooks had completed the buy-out/buy-in of the Motorcare group of companies which was acquired by Innovation Group for over £35m a year and a half later.
Brooks said, 'I am proud to have led an exceptional team in building one of the most active private equity houses in the UK lower mid-market which has achieved leading positions in both education services and health and social care. Sovereign's success is a reflection of the quality and capability of my fellow partners and team, whom I know will continue to build upon Sovereign's position in the UK market.'
To date Sovereign Capital has made two investments from its new fund, the £275m SCLP II, which closed in May 2005.
In June Sovereign Capital announced that it had appointed Kevin Whittle as director of portfolio services and Paul Egan as investment manager.
Copyright © 2005 AltAssets
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