Candover has announced that it has appointed Clive Dolman and Alexis Dormandy, both of whom join as operations partners. The role of operations partner is a new position at Candover, and will involve focusing on value creation in Candover’s portfolio companies. Dolman is already well known to Candover having been part of two buyout teams previously backed by Candover. He was CFO of Swissport, a global ground handling business which was sold to Ferrovial in 2005, and CFO of European Rail Catering which was sold to Rail Gourmet, the rail catering arm of Swissair, in 1997. Dolman has also been CEO of deckchair.com, an internet travel business, and CFO of Swissair Services based in Zurich. Dolman qualified as a chartered accountant with Price Waterhouse, and also spent ten years in corporate finance with Charterhouse Bank.
Secondaries activity is recovering from the initial coronavirus-related shock, with good prospects for GP-led secondaries deals
Sale of the drive technology unit saw interest from sponsors including CVC, Triton and Brookfield
AUM bump driven by commitments to CapMan Nordic Real Estate III and CapMan Growth II funds
This round is an extension to an €11m series-B investment raised by the company in July 2019