Epiris today announces four promotions as it continues to develop its investment team: Nicola Gray has been promoted to Investment Partner and joins the firm’s Investment Committee; Alex Wilby has been promoted to Investment Director; Zoe Lai to Investment Manager; and Pablo Espinoza to Investment Associate.
Bill Priestley, Chief Investment Partner of Epiris, said:“Nicola, Alex, Zoe and Pablo have each made an outstanding contribution to Epiris. We are all delighted to recognise this with promotion to the next step in their career and we look forward to their continued success with our firm.”
Nicola has been with Epiris for seven years, joining as an Investment Manager and becoming an Investment Director in 2017. She has worked on investments including Allflex, Treetops, Davies, Photobox and Appello. Most recently, she worked on the carve-out and successful exit of TI Media, which delivered a 2.1x multiple of cost and a 44% IRR. Earlier this year, she was featured in Real Deals magazine’s Future 40 Investment Leaders.
Alex joined Epiris in 2019 and has worked on Epiris’ investments in The Big Table, the company formed for the acquisition of the restaurant chains Las Iguanas, Bella Italia and Café Rouge in July 2020, and The Club Company. Before Epiris, Alex spent six years at LDC, the private equity arm of Lloyds Banking Group.
Zoe joined Epiris in 2020 having previously worked in corporate finance at PwC. Since joining, she has worked on Epiris’ investments in Bonhams, the global auction house which recently announced it had acquired The Market, a digital marketplace for classic car auctions, and The Big Table.
Pablo joined Epiris as part of its inaugural graduate intake in 2019, having been awarded a master’s degree in mathematical and theoretical physics by the University of Oxford that summer. Pablo has worked on Epiris’ investments in The Big Table and Diamorph, a supplier of advanced materials for demanding and safety-critical applications.
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For Epiris LLP please contact:
Greenbrook Communications
Robert White, Matthew Goodman, Daniel Oliver
+44 (0)20 7952 2000
About Epiris
Epiris is a top-decile* private equity firm which invests in opportunities to transform businesses in partnership with exceptional management teams. It targets control positions in UK-headquartered businesses with an enterprise value of between £75 million and £500 million, deploying between £40 million and £150 million of equity.
Fund I
Between 2011 and 2016 Epiris invested £1 billion in buyouts and loan-to-own debt investments in respect of which it has delivered a gross IRR of 38%*. Synthetic net returns from this portfolio are in the top-decile of European private equity funds of comparable vintages.
Fund II
Epiris Fund II is an institutional private equity fund raised in 2017. Investments made by Fund II include Portals, one of the world’s leading manufacturers of “substrate” for banknotes; TI Media, one of the largest consumer magazine publishers in the UK; The Club Company, the UK’s largest country club operator; Bonhams, the global auction house; Diamorph, a supplier of advanced material solutions for demanding and safety-critical applications; and IFG Group, a financial services holding company whose subsidiaries are James Hay, which provides pensions administration and investment platform services, and Saunderson House, an independent wealth manager and financial adviser. In April 2020, the Fund sold TI Media to Future Plc for £140 million, generating a return of 2.1x MOIC, a 44% IRR.
For further information, please visit www.epiris.co.uk.
Issued by Epiris which is authorised and regulated by the Financial Conduct Authority.
*As at 31 December 2020. Gross IRR does not reflect adjustments for investment management and administration costs. Comparator data supplied by Preqin. Past performance is no guarantee of future results.