- Andy Strickland, Tom Ross-Jones & Sam Fazakerley appointed as partners
- Tom Wildig & James Painter promoted to senior investment directors in the buyout team
- Greg Holmes becomes an investment director in the impact team, Jeanne Capouillez moves to senior executive assistant
Palatine has elevated three members to partner level and promoted four others on the back of what the firm said was a successful year.
Palatine, headquartered in Manchester, is a mid-market private equity investor with a commitment to sustainable investing.
Andy Strickland, Tom Ross-Jones and Sam Fazakerley became partners in recognition of their long-term contributions.
Additionally, the firm promoted Tom Wildig and James Painter as senior investment directors in the buyout team, Greg Holmes as an investment director in the impact team and Jeanne Capouillez as senior executive assistant.
The moves followed what the firm called a successful year across Palatine’s two fund strategies – buyout and impact. The company also made 17 acquisitions across its portfolio companies in 2022.
Palatine’s buyout fund in 2022 invested in Jessup, My Pensions Expert, Skills Alliance. Its impact fund invested in Redmoor Health, Cura Terrae and Inclusive Employers. Further, the company exited investments in Veincentre, CTS, Acora and Trade Skills 4U.
On the add-on side, Palatine-backed Cura Terra bought Enviro Technology, an air quality monitoring business, last week.
“We are going into 2023 with a healthy investment pipeline and a targeted sector strategy focused on environmental, business services, financial services, health, education and technology businesses,” said Gary Tipper, group managing partner at Palatine.
The company has also introduced a new structure for the senior team. Beth Houghton, who leads the impact fund, has been appointed as impact managing partner, and Ed Fazakerley as managing partner – value enhancement.
With offices in London and Birmingham, Palatine is the first private equity firm in its market to raise a returns-focused impact fund.