Wales Fund Managers (WFM) is defying the current economic climate by embarking on a recruitment drive. WFM is the only independent private equity firm in Wales, and specialises in backing established, profitable SME's across the UK.
Given the strong deal flow and the imminent launch of a new fund, WFM has recruited two new Investment Managers to support them in transacting deals, working from the Cardiff and Reading offices.
Scott Barham is a chartered accountant, who qualified at Ernst & Young. He joins as an Investment Manager, having gained corporate finance experience with Kaupthing and
Bryony Ellison joins from Whitehead Mann, having previously been at Hawkpoint and an advisor at Deloitte Corporate Finance. Bryony will take on a dual role as Investment Manager and Investor Relations Manager.
WFM was the subject of a buy out in July 2008, such that it is now owned by its principals, a group of five experienced private equity professionals. The team is just about to launch WFM's latest fund, which will allow high net worth individuals to invest alongside institutions, to capitalise on the opportunities for equity investments of between £1m - £5m.
Guy Davies, CEO of WFM said: "With such rapid expansion, Scott and Bryony's appointments are a much needed addition to the WFM team. They both bring knowledge and experience, and will be able to help us deliver deals in the SME market".
WFM's new fund will be £50m, with approximately £15m allocated for investment in Wales over the next five years.
WFM is committed to the SME sector, and believes that by providing funds and strategic help to accelerate the growth of already successful businesses, they can deliver sustained returns for investors, as well as stimulating the local economies.