Bowmark Capital promotes four

Paraag Davé, Tom Shelford and David Torbet have been made partners, having all been with the company for at least six years, while senior partner Mark Salter, who has been with the company for 12 years, takes a seat on Bowmark's management committee alongside Kevin Grassby and Charles Ind.

Salter has led investments in the healthcare, leisure and business services sectors and has more than 14 years' experience in private equity since developing Bank Austria's private equity activities between 1999 and 2001. He began his career at Coopers & Lybrand, one of the two companies originally behind PwC.

Shelford also began his career at PwC, focusing on corporate finance and due diligence assignments in the UK SME sector. He previously worked at Nomura Private Equity and is now responsible for Bowmark's activities in the education sector, as well as working on several investments in the business services, healthcare and media sectors.

Torbet began his career at OC&C Strategy Consultants, focusing on strategic due diligence assignments for private equity clients. He joined the management team of Brakes following private equity firm Clayton Dubilier & Rice's restructuring of the food service company in 2004. He has focused on developing Bowmark's leisure and healthcare practices since joining the company eight years ago.

Davé has nine years' experience in private equity and business development, beginning his career at Monitor Company, where he focussed on business strategy across a range of sectors. He joined BSB logistics provider Exel in 2002, leading the development of the company's supply chain solutions for the automotive sector. 2006 saw Davé join private equity firm Paradigm Global Partners. He has worked on IT development at Bowmark and was involved in the recent iPrism deal.

Bowmark bought a majority stake in iPrism, a UK-based provider of insurance underwriting services, in an SBO from Magenta Partners. RBS Financial Sponsors provided senior debt and working capital facilities. The firm closed its newest fund, Bowmark Capital Partners V, on its hard-cap of £375m in December 2013.

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• Bowmark Capital LLP