Praesidian Capital Europe has hired Serkan Dede and Sarah Pierce as investment directors. Previously, Dede worked at Lloyds Bank where he served as associate director in acquisition finance while Pierce worked at Royal Bank of Scotland’s UK structured finance team, recently serving as a director in their origination and execution team for the lower mid-market.
LONDON–(BUSINESS WIRE)–Praesidian Capital Europe, which provides senior and subordinated debt along with growth capital predominantly to UK companies, announced today that it has retained Serkan Dede and Sarah Pierce as Investment Directors.
“We are very pleased to welcome Serkan and Sarah to the London team,” said Jason Drattell, Founder of Praesidian Capital. “They are both eminently qualified from their work in banking and finance to facilitate transaction origination, structuring, and execution in the lower middle market.”
Serkan joined Praesidian in September with more than nine years of experience in corporate banking and leveraged finance. Most recently, he served as an Associate Director of Lloyds Bank in Acquisition Finance, where he focused on acquisition financings and leveraged buyouts in the UK lower middle market sector. Serkan holds a BSc (Hons) in German, Economics, and International Business from the University of Surrey and is affiliated to the Association of Chartered Certified Accountants.
Sarah joined Praesidian in October after having worked across Royal Bank of Scotland’s UK Structured Finance team for five years, recently as a Director in their origination and execution team for the lower mid-market. Prior to that, she worked in RBS’s mid-market Financials Sponsors team originating off-market private equity transactions and with the mid-market Structured Finance Transaction team executing corporate transactions. Sarah holds a BA (Hons) in Mathematics from the University of Oxford and is a member of the Chartered Institute of Securities and Investments. In November of 2013, Sarah won the Professional Woman of the Future award.
Last month, Praesidian reported it had invested £7 million in debt capital and £1 million in equity in Redeem Holdings Limited, a UK-based mobile phone and electronics recommerce specialist. An additional £2 million will be available to Redeem as an acquisition line of financing.
About Praesidian Capital Europe
Praesidian Capital Europe is an innovative private investment firm focused on providing senior and subordinated debt along with growth capital to private lower middle market businesses in the United Kingdom, Germany, and selectively in Northern Europe. Established in 2013 and based in London, Praesidian invests in established, small and mid-sized companies, often in connection with management buyouts, recapitalizations or refinancings. Praesidian Capital Inc. was founded in 2002, is based in New York and manages approximately $1 billion in committed capital. For more information, visit www.praesidian.com.