LGV Cap Names New CEO

LGV Capital, the private equity unit of Legal & General Group PLC, said that managing director Ivan Heywood will succeed Adrian Johnson as chief executive officer.

PRESS RELEASE

LGV Capital is pleased to announce that Ivan Heywood will succeed Adrian Johnson as Chief Executive.


Ivan has worked with Adrian for over 17 years and has been an important member of the team which has built up an enviable track record in private equity.


Peter Chambers, Chief Executive of Legal & General Investment Management, said:
“I am very pleased that Ivan has taken on his new role. LGV is a highly successful private equity investor and I look forward to the team continuing its success.”


Ivan Heywood said:
“I am delighted at this opportunity. We have an outstanding team, which is well placed to take advantage of the attractive market conditions for private equity investing which we expect to have over the next few years.”

About LGV

LGV is a well established private equity firm operating in the UK mid-market. LGV's investment focus is on backing highly motivated management teams in buyouts and buy-ins of businesses with attractive market positions and strong cash flows. Typically these investments would have an initial enterprise value in excess of