Fleming Family & Partners Private Equity Appoints Investment Directors

Fleming Family & Partners Private Equity, the private equity business of Fleming Family & Partners, has appointed two investment directors. Llewellyn John joins from Nova Capital Management where he was associate partner having joined the firm in 2006. Dan Walker has been promoted to investment director following four years as an investment manager, having joined FF&P Private Equity in 2008.

PRESS RELEASE

Fleming Family & Partners Private Equity, the private equity business of Fleming Family & Partners, has appointed two new Investment Directors.

Llewellyn John (“Llew”) joins FF&P Private Equity from Nova Capital Management where he was Associate Partner having joined the firm in 2006. Llew was part of the Nova Capital team which worked with FF&P Private Equity on the very successful joint investment into EIS Optics, which the firm exited in October 2011 returning 3.5x investment to shareholders.

Whilst at Nova Capital he worked on a number of transactions including the £75m acquisition of Scientific Equipment from Barloworld, the $100m acquisition of RollEase and Diacom from GWB plc and the £12m public to private acquisition of Springboard plc. He was also actively involved in nine of Nova Capital’s businesses over the period with key achievements including the restructuring and rescue of an academic publishing house, playing a hands-on financial management role for a Chinese based manufacturing business and active involvement, at both investment and corporate level, with Rollease and Diacom, two US manufacturing businesses.

From 1999 – 2006 Llew worked at Deloitte, lastly as an Assistant Director within Corporate Finance where he focused on transaction advice and core financial due diligence. Llew is a qualified ACA.

Dan Walker has been promoted to Investment Director following four years as an Investment Manager of the firm, having joined FF&P Private Equity in 2008. He was a key member of the FF&P Private Equity team which worked on the sale of EIS Optics, and more recently he led FF&P’s management buy-out of CreditCall. Previously Dan served as Director within Corporate Leveraged Finance at the Royal Bank of Scotland, having begun his career in Corporate Structured Finance at Kaupthing, Singer & Friedlander where he worked from 2003 – 2008.

David Barbour, Co-Head of FF&P Private Equity, said “These are important appointments for FF&P Private Equity, bringing in a new high-quality resource to the team as well as promoting from within our own ranks. They follow an active period for the firm within a challenging exit environment which has seen the management buy-out of the payment technology company CreditCall, the sale of Clipper Teas Ltd, the Dorset-based supplier of Organic and Fairtrade teas, and the sale of EIS Optics.”

ENDS

For further information, please contact:

Cubitt Consulting

Michael Henman +44 (0)20 7367 5100

Notes to Editors

About FF&P Private Equity:
FF&P Private Equity is focused on investing in dynamic, growth companies in the UK lower-to-mid market. It invests between £3m – £15m in companies valued from £5m to £50m in a variety of situations including minority investments, management buyouts / buy-ins, development and replacement capital. Through its extensive network of contacts and working in partnership with its investors and portfolio companies, it aims to create market-leading companies that deliver superior returns to all shareholders.

FF&P Private Equity Limited is regulated and authorised by the Financial Services Authority.