UK mid-market buyout firm Gresham has seen another departure with co-head of its London investment team Anthony Bull leaving the firm to head a new private equity unit for retail, digital and consumer executive search specialist Barracuda Group.
Earlier this year the firm confirmed a “strategic repositioning”, with a total of six partners having left the firm, in advance of launching its Gresham 5 fund in 2014.
As part of this strategic shift, Paul Marson-Smith, who moved from managing partner to chairman in July 2013, will now retire, joining Anthony Bull, Mark Blower, Mike O’Brien, Andy Tupholme and Gary Ward, who left the firm last year.
Bull was previously at 3i, LDC, Mitsui & Co, and also sat on Gresham’s investment committee.
Barracuda Private Equity will work throughout the entire investment cycle providing pre-deal support by way of deal identification, early stage commercial diligence and board composition advice and once the investment is made it will identify senior executives who are capable of taking the business to the next level.
Copyright © 2013 AltAssets