Doughty Hanson Co-Founder Passes Away–CORRECTED

The private equity industry has lost another veteran.

On Saturday, Nigel Doughty died at his home. He was 54. Doughty co-founded Doughty Hanson, a middle market buyout shop in the U.K., with Dick Hanson. Doughty was chairman of the firm’s investment committee.

“On behalf of Dick Hanson and all the management and staff of Doughty Hanson, we are tremendously sorry to learn of the death of Nigel Doughty at home this afternoon,” a statement on the PE firm’s web site said. “Our thoughts are very much with his family at this time.”

According to Financial News, Doughty Hanson was one of the U.K.’s most respected buyout houses and was behind the high-profile acquisitions of Priory Healthcare in 2002 and Vue Entertainment in 2010. Hanson Doughty was also owner of the Nottingham Forest football club.

Hanson’s Doughty’s death is the latest in the PE industry. In December 2011, Warren Hellman passed away from complications of Leukemia. He was co-founder of Hellman & Friedman.

CORRECTION: Doughty was the owner of Nottingham Forest football club. Also, Doughty, not Hanson, passed away.