8 January 2018
Investment in team reflects strong momentum behind first fund.
Lonsdale Capital Partners (“Lonsdale”), the private equity firm focused on the smaller end of the UK mid-market, has announced that Andrew Chetwood has been promoted to Director and Simon Doherty to Associate.
Andrew Chetwood joined Lonsdale in March 2015 and has been involved in GYG, Mobility Group and Amerplast in particular. Prior to Lonsdale, he was part of EY’s Operational Transaction Services team. Simon Doherty joined Lonsdale earlier this year, having previously worked as a Senior Analyst at Bluebox Corporate Finance where he advised on company sales and fundraisings in the lower mid-market.
The Partners of Lonsdale said: “We would like to congratulate Andy and Simon on their well-deserved promotions. Andy has made a valuable contribution to the deployment of our fund and the IPO of GYG.
Simon has really impressed us since joining only a few months ago, and we want to recognise that swiftly. 2017 has seen us deploy significant capital and, importantly, start to return money to our investors. We expect this momentum to continue in 2018 and have a number of completions planned for early this year.”
During the last eighteen months, Lonsdale has deployed one third of its first institutional fund in four principal investments and six bolt-on acquisitions; and completed the partial exit of superyacht services company GYG plc via an AIM listing.
Lonsdale makes investments in cash generative businesses in the UK and Europe with an EBITDA of between £2 million and £7 million.