KCP hires new investment manager

Banga was previously the head of corporate development at HomeServe where he managed the company's M&A strategy. Prior to this, he was with Moore Stephens; having joined initially via a graduate scheme, he spent four years at the company and then moved laterally to their corporate finance team as a senior associate.

KCP is a UK-based private equity house that focuses on the smaller buyout market. It makes equity investments of GBP 3m-15m. According to a press release, KCP has exited three investments in the last 18 months, delivering a 5.8x return to investors. It sold Routes Healthcare to Palatine Private Equity, Sparta Global to Inflexion and exited CMOStores.com via an IPO. During the same period, KCP made two new investments, including Total Integrated Solutions.

KCP's first fund launched in 2006 and closed on target in 2007 on GBP 100m. Key Capital Partners VIII closed on GBP 65m in November 2016, its target was GBP 80m.

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• Topics
• People
• GPs
• people moves
• United Kingdom
• Inflexion Private Equity