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NBGI Private Equity hires industry adviser Sandy Young in strategic refocus

3 May 2013

UK lower mid market-focused firm NBGI Private Equity has appointed business services industry veteran Sandy Young as part of an increased strategic focus on support services, healthcare and food manufacturing sectors.

Young is the first member of a panel of senior industry advisers across the three sectors.

NBGIPE, which typically invests in UK businesses with enterprise values between £5m and £50m, has historically taken a generalist approach to investment.

Young was most recently CEO of Allied Healthcare International, a Nasdaq-listed provider of health and social care in the UK.

He began his career with Rentokil Initial, ultimately serving as regional managing director for Northern Europe and later became the UK managing director of Chubb Electronic Security, leading a significant turnaround of the business.

Young’s recruitment will be followed by the appointment of senior advisers in the healthcare and food manufacturing spaces, the firm said

NBGIPE’s past support services investments have included Nationwide Autocentres and recruitment business Walker Hamill – which both achieved IRRs of more than 70 per cent.

Current investments include recruitment companies Ochre House and Change Recruitment Group, and Facilities Services Group, while last year the firm acquired oil and gas services business ATR Group, to which two add-on investments have already been made.

Most recently, the firm acquired French injection molding company Stiplastics for an undisclosed sum.

Mark Owen, founder director at NBGIPE, said, “Our skill set and expertise mean that support services, healthcare and food manufacturing are the areas in which we have a strong competitive advantage and are able to deliver consistent, high-quality results.

“Our track record in these sectors clearly demonstrates this, and with a new, formalised structure and the addition of senior advisers we are now ideally placed to exploit the many opportunities we are seeing.

“We are excited to be welcoming Sandy to the team and look forward to working with him.”

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