Steadfast hires new partner

Veitch will be responsible for managing transactions and portfolio companies from April 2011, when he will join Steadfast's nine-strong investment team.

The former 3i executive was a founding partner of Cognetas, formerly Electra, and has established the investor's presence in the German mid-market since 2000. He was a member of the company's investment and portfolio committees.

Veitch was also managing director of Legal & General Ventures, formerly LGV-Candover, as of 1996.

He holds a degree in Chemistry from Nottingham University.

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