Aberdeen Murray Johnstone Private Equity, the private equity division of Aberdeen Asset Management, has renamed itself Aberdeen Asset Managers Private Equity in a move that is part of a wider rebranding and internal restructuring. The investment operation will be split into two teams, one dedicated to private equity and the other one dedicated to growth capital.
The private equity team, led by Francesco Santinon, will focus on mid-market deals valued between £10m and £50m throughout the UK. It will invest in the core sectors of business support services, financial services, niche manufacturing and consumer products, using the in excess of £100m that the firm has under management from its limited partners.
The growth capital team is led by Bill Nixon. It will focus on providing equity funding for smaller companies valued at up to £10m across the UK. The team will apply a generalist cross-sector investment policy and will be investing from a range of client funds including VCT’s and investment trusts, and sector-specific funds covering the energy and biotechnology sectors.
AAMPE has also announced that it has appointed Ed Coombs and Guido Bicocchi, who will be joining the growth capital teams in London and Glasgow respectively. Coombs was formerly a partner in a corporate finance boutique in London, and Bicocchi was a senior executive in the corporate and structured finance division of the Royal Bank of Scotland in Glasgow and Edinburgh.
Hugh Little, managing director of AAMPE, said, ‘Rebranding ourselves as Aberdeen Asset Managers Private Equity simply reflects the support we receive from our parent company, and their ongoing commitment to private equity as a key division within the core asset management business.
‘This restructuring is designed to enable the investment teams to focus on small or mid-market deals, where they will be much better placed to achieve the individual investment objectives of our clients and will provide much more clarity to our professional intermediaries. It will allow us to build on our reputation as one of the UK’s leading providers of private equity to small and medium-sized growth businesses in the UK,’ Little continued.
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