IK Investment Partners hired ex-Duke Street Private Equity executive Tom Salmon as a partner on the small-cap team. Salmon will focus on origination of investment opportunities in the U.K. with an enterprise value of up to 100 million pounds. Salmon was a partner at Duke Street, prior to which he was a partner at 3i, where he co-managed the U.K. team.
IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that Tom Salmon has joined the Small Cap team as a Partner. Tom will be based in IK’s London office, primarily focusing on the origination of investment opportunities in the UK with an Enterprise Value of up to c. £100m.
Tom joins IK from Duke Street Private Equity where he was a Partner. Prior to Duke Street, he was a Partner at 3i where he co-managed the UK team and spent 13 years covering origination, execution and portfolio management. Tom has substantial investment experience and has been involved in numerous transactions, including Great Rail Journeys, Audley Travel, JMJ and NCP. He studied at Oxford University and is a Chartered Accountant.
“The past twelve months represent yet another strong period of growth for IK. We have expanded the breadth and depth of our firm with over 30 new hires, employing a team of more than 75 investment professionals and a total of 130 staff across eight offices. The appointment of Tom will allow us to begin building a presence in the UK, benefitting from his wealth of investment experience combined with our pan-European platform,” said Christopher Masek, CEO at IK.
“I am thrilled to join IK as their first UK-based Partner focusing on the Small Cap segment. IK has a 30-year track record of creating value and a well-established platform across Europe. The size of the UK Small Cap market and entrepreneurial nature of its businesses provide a compelling investment opportunity. I believe IK’s local investment teams across six European countries as well as the firm’s successful sector focus will bring a clear differentiated approach to the UK’s burgeoning Small Cap market,” said Tom Salmon.
IK’s Small Cap team partners with management teams who are looking for support to help them achieve the next stage of their growth and development, across IK’s four core sectors: Business Services, Consumer/Food, Engineered Products and Healthcare.
About IK Investment Partners
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IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, Benelux, and the UK. Since 1989, IK has raised more than €10 billion of capital and invested in over 130 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com