NEVIS Capital has recruited an additional investment specialist as the private equity firm founded by the Pirrie brothers looks to complete more deals.
Milngavie-based Nevis has appointed Peter Hamilton to the new position of investment director to help the firm’s four partners develop its portfolio of investments.
One of the partners, Brian Aitken, said: “We are seeing lots of interesting opportunities and think 2016 could be a good year for adding some interesting new businesses to our portfolio. Peter adds capacity to our team which will allow us to focus on closing some new deals this year.”
Aged 42 Mr Hamilton will bring experience of work in industries such as chemical distribution, business process outsourcing and engineering to Nevis. He served most recently as Scottish regional director for the Tyco fire and security systems business.
Mr Aitken said he believed the new recruit’s operational and strategic expertise will come in useful as Nevis looks to find more firms to invest in.
Nevis has focused on the industrial services sector. It was launched by John and James Pirrie after they sold the LCH Generators business they developed to Speedy Hire for £62m in 2006.
Nevis has four firms in its portfolio including the Clyde Space satellite technology business and Dieselec Thistle Generators.
It has completed 14 deals including the profitable sale of the Apex Generators business to HSS Hire in 2014.
Mr Hamilton said he was delighted to be joining Nevis, which he described as a successful niche investment business.
In January Mr Aitken said Nevis had a good pipeline of deals under discussion amid signs of an increased willingness on the part of business owners to sell.
He noted then that banks were increasingly willing to lend as they put the legacy of the 2008 financial crisis behind them.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here