Bowmark hires three

Stephen Delaney, who previously spent seven years at Darwin Private Equity, joins the team as investment director. He has experience in the technology, financial services and consumer sectors. He began his career in 2001 as an associate at KPMG, before becoming an associate at Citigroup for four years until 2008.

Antonia Cheong, who joins Bowmark as one of two new investment managers, was previously at DC Advisory as part of the corporate finance team. She worked primarily in the business services sector and advised on both acquisitions and debt transactions, including the £85m refinancing of Leaders Lettings.

Bowmark originally acquired specialist lettings agency Leaders in March 2010 in a £48m management buyout. Lloyds TSB Corporate Markets' acquisition finance team and RBS Financial Sponsors co-led a £14m senior debt facility.

Tom Elliott rounds off Bowmark's new hires; Elliott previously spent eight years at PwC. He was a member of the corporate finance team and advised on deals in the consumer and leisure sectors, including the £80m sale of JacTravel Group by Bowmark to Vitruvian Partners.

In April this year, the mid-market firm conducted an internal reorganisation, promoting three to partner and appointing senior partner Mark Salter to the management committee.

Bowmark raised its fifth fund, Bowmark Capital Partners V, in just 10 weeks at the end of last year. It exceeded its target of £350m and hit its hard-cap of £375m. The fund will target mid-market companies with enterprise values of up to £100m, typically aiming to invest between £10-20m in the business services, leisure, healthcare, media and IT services sectors.

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