Palamon Capital Partners has appointed John David as managing director, investment strategy. David joins Palamon’s pan-European team, all based in London.
Palamon Capital Partners (“Palamon” or the “Firm”) has appointed John David as Managing Director, Investment Strategy. Mr David joins Palamon’s pan-European team, all based in London, to advance the firm’s thematic investment model which proactively identifies and partners high growth service businesses across Europe.
Mr David joins Palamon from Allstate Investments where he spent seven years, latterly as Global Strategist and Head of the London Office. Previously, he was a Senior Portfolio Manager for seven years at Northwestern Investment Management Company. This followed a ten year career in derivatives research and trading roles with top-tier global financial institutions. Mr David graduated from Harvard University with a degree in American History and he holds an MBA from the University of Chicago Graduate School of Business.
Louis Elson, Managing Partner of Palamon, commented: “We are delighted to welcome John to Palamon. His ability to read broad macro trends and translate them into specific and targeted investment strategies is ideally suited for our investment model. His skills will further augment our strong capability to develop investment themes and identify niche sub sectors in Europe where growth can drive returns.”
Commenting on his appointment, Mr David said: “I am excited to be joining the Palamon team. I have been impressed by the Firm’s ability to generate high quality deal flow through its proprietary, thesis-based investment model. I was drawn to the Firm’s impressive track record of developing macro investment themes and successfully using them to create market leading companies. I look forward to working with the team on these investment themes to generate robust returns in the current market environment.”
Palamon recently realised its investment in Espresso House, a chain of branded coffee bars that it had built over a six year period from 22 to 128 outlets. The investment was made following an in-depth search across Europe to find the most suitable market to initiate the theme of branded coffee bars. Sweden was selected as it had one of the highest coffee consumptions per capita in Europe and a relatively low penetration of branded coffee bars. The investment generated a 3.4x return on invested capital. Palamon’s second fund has generated 2.6x return through its five realisations, all of which were thesis driven investments.
Palamon Capital Partners
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Palamon Capital Partners
Palamon Capital Partners, LP is an independent private equity Partnership founded in 1999, which is focused on providing equity for European growth services companies. Palamon, as a pan-European investor, originates, executes and manages investments in the UK, Germany, Italy, Spain, Norway, and Sweden. The Firm targets investments in companies where it can be the lead private equity provider and where it can provide strategic direction and partner with management to help build equity value. The Firm manages Palamon European Equity, L.P. and Palamon European Equity II, L.P. with commitments of €1.1 billion.