Elaghmore bolsters team with the appointment of two new investment directors
UK private equity fund Elaghmore is pleased to announce the appointment of Jon Rawlings and Michael Rice as Investment Directors. Elaghmore now has a team of nine as the business looks to continue to grow. Jon and Michael will focus on deal origination and working with Elaghmore’s portfolio companies. Michael will concentrate on Yorkshire and the North West, and Jon on the South West.
Both Jon and Michael bring significant relevant experience to their new roles at Elaghmore. Jon spent more than 15 years at KPMG, working across a number of divisions in both Commercial Director and COO roles. Jon’s background also includes identifying underlying performance drivers in businesses and implementing changes to drive productivity and growth.
In addition to Jon, Michael brings with him a wealth of industry knowledge. Michael previously spent nearly ten years (latterly as a Director) at private equity investor, Endless LLP, based in Leeds. He has worked on multiple mid-market UK private equity projects and helped to realise the strategic value in a range of investee companies. Most recently, Michael has provided interim management services, including transaction support and turnaround expertise, to a range of investors, SMEs and mid-market businesses across the UK.
The two join Elaghmore at an exciting time as its investment companies continue to implement their growth strategies. In February, Alucraft acquired the assets, including a 3,000m2 manufacturing facility, of Rotherham-based Façade and Glazing Solutions (FGS). Alucraft has plans for further expansion as well as it looks to grow its operational capacity.
Andy Ducker, Founding Partner at Elaghmore, said: “These two appointments fit perfectly with our value creation strategy here at Elaghmore. Both Jon and Michael bring a wealth of real-world experience and skills that will be invaluable as we continue to grow our businesses both organically and through future acquisitions. All our companies continue to perform well, and we think the future is bright.”