Duke Street has hired Stuart McMinnies as a partner. Previously, McMinnies worked at 3i where he most recently served as a partner.
Duke Street, the mid-market private equity firm, is pleased to announce the appointment of Stuart McMinnies as a Partner. Stuart joins from 3i, the international private equity, infrastructure and venture capital investor, where he was a senior partner.
Stuart spent 19 years at 3i, the last 10 as a Partner. He played a leading role in some of the firm’s most successful deals, including ABX, SR Technics and Fonecta, as well as representing 3i on the board of some of its largest investments such as Foster+Partners and Asia Capital Reinsurance.
In addition to his core focus on the UK mid-market, Stuart led numerous deals in continental Europe and in emerging markets. His principal sector expertise is in business services, an area in which he has had direct transactional and portfolio experience in testing and inspection, transport and logistics, facilities management, consultancy and industrial services.
Welcoming Stuart to Duke Street, Peter Taylor, Managing Partner, said:
“This is an important appointment for Duke Street and, we believe, a further endorsement of the deal-by-deal funding model we launched in 2012, accelerated subsequently by our strategic partnership with Tikehau Group. Our pipeline of potential investments is very strong and we look forward to working with Stuart on concluding the best of those deals as our model builds even greater momentum.”
In August 2014, Duke Street announced its fourth and largest deal-by-deal investment, joining with Tikehau and Partners Group, the global private markets investment manager, in the £375m acquisition of Voyage Care from HgCapital.
Stuart McMinnies said:
“I am delighted to be joining Duke Street at this exciting time in its evolution. As an entrepreneurial, owner managed business where each member of the team personally invests a meaningful sum in every transaction, the alignment with the management teams we are backing is outstanding.”
About Duke Street and Tikehau
Duke Street is a leading operationally focused European mid-market buyout group, founded in 1988. It is currently investing across four sectors: healthcare, business services, consumer and financial services. Duke Street has a proven model of value creation by successfully transforming businesses through implementing operational change and buy-and-build, having made nearly 60 bolt-on acquisitions for its portfolio companies.
Tikehau Capital, a leading alternative asset manager investing across public and private debt, equity and real estate with more than EUR 5 billion of assets, is a cornerstone shareholder in Duke Street. Tikehau Capital operates via third-party investment funds and own funds, and has offices in London and Paris. The partnership between Tikehau Capital and Duke Street allows them to leverage their sector knowledge, origination and underwriting capabilities and effectively address capital needs in mid-market companies. Tikehau Capital has more than 100 employees in offices in Paris, Brussels, London and Singapor
For more information visit www.dukestreet.com and www.tikehaucapital.com