Gresham's Hemley joins LDC

Harriet Bailey
05 September 2014

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LDC has hired former Gresham partner Simon Hemley as an investment director in its Bristol office.

Hemley had been at Gresham for eight years, having joined the company as an investment executive in September 2006. He previously worked at EY in the mergers and acquisitions team, predominantly advising on private equity transactions in the industrial products sector.

His most recent exit while at Gresham was the sale of financial training business 7city Learning to Fitch Group. The enterprise value of the company was £90m in January 2013, compared with less than £30m at the time of the acquisition by Gresham in November 2007.

At LDC, Hemley will be responsible for identifying potential investment opportunities and supporting portfolio companies across the south west of England.

The news comes in the same week LDC lost investment director John Harper to Inflexion Private Equity and Gresham saw partner Iain Wolstenholme join Primary Capital.

Since April, LDC has seen three employees depart for other firms. Daniel Sasaki, head of the London office, left in June, following former CEO Darryl Eales who stepped down in May after 11 years as head of the company.

Gresham has seen a spate of senior partners leave the firm, culminating in the announcement in June that it would not continue to raise money for its latest fund. CEO Simon Inchley announced Gresham would be winding down its operations after stating the firm would "not be able to raise a sufficiently large fund in an acceptable timeframe".