Smedvig Capital has appointed Sir Trevor Chinn as the new non-executive chairman of Streetcar, the UK’s largest pay-as-you-go car club and a recent addition to the Smedvig portfolio. Smedvig provided Streetcar with £6.4m of expansion funding in March 2007.
Exit from Main Fund V comes three years after the GP acquired the Germany-based procurement technology company
Unquote’s selection of the latest add-ons, with ICG's Circet, Five Arrows' Mintec, Carlyle's Jagex, and more
Lucie Cawood's appointment follows poaching of Ian Shawyer by Cleary Gottlieb earlier this month
New entrants scared by remarks on limiting profits; existing investors expected to rush to complete bolt-ons