London-based Duke Street, a mid-market private equity firm, has named Tom Salmon as a partner and Hugo Strachan as an investment manager. Previously, Salmon was a partner at 3i while Strachan worked at RJD Partners.
Duke Street, the midmarket private equity group, is pleased to announce two key appointments.
Tom Salmon joins as a Partner having spent 13 years at 3i, the international private equity and infrastructure investor.
At 3i, Tom was a Partner with responsibility for the group’s activity in the Consumer sector in the UK. He led 3i’s investment in Audley Travel, where he was also a non-executive Director, and represented the group on the Board of Hobbs, the women’s fashion group. In addition, Tom has considerable investment experience in the Services sector, having played a key role in deals including JMJ and NCP. Previously, Tom spent a year on secondment in Madrid with responsibility for a number of 3i’s investments in Spain.
Tom is a qualified Chartered Accountant and has a first class honours degree in Modern History from Oxford University.
Hugo Strachan joins as an Investment Manager, responsible for executing transactions and supporting deal origination in the Business Services and Healthcare sectors. Hugo previously worked at RJD Partners, a UK private equity fund, where he worked on management buyouts across a range of sectors including Business Services, Leisure and Education. Prior to RJD, Hugo worked in the Strategy team at PwC, providing due diligence to private equity, venture capital and corporate clients.
Hugo is a qualified Chartered Accountant and has a degree in Finance from Newcastle University.
Welcoming Tom and Hugo to Duke Street, Peter Taylor, Managing Partner, said:
“These are important appointments for Duke Street, strengthening our expertise in three key sectors for our group. Our pipeline of potential investments is very strong and we look forward to working with Tom and Hugo to progress the best of those deals.”
About Duke Street
Duke Street is a leading operationally focused European mid-market buyout group. Founded in 1988, it invests across four sectors: healthcare, services, consumer and industrials. Duke Street has a proven model of value creation by successfully transforming businesses through implementing operational change and buy-and-build, having made approximately 60 bolt-on acquisitions for its portfolio companies. The firm is supported by its strategic partner and shareholder, Tikehau Capital, an asset management and investment group investing across private debt, real-estate, private equity and liquid strategies, with €13.8bn of assets under management and €2.3bn of shareholders’ equity.