Press Release
27 February 2008
Nova appoints new Investment Partner
Nova Capital Management, the specialist acquirer of private equity and corporate portfolios, is pleased to announce that Mike Nevin has joined the team as an Investment Partner. Previously Chief Financial Officer of Hi-Tec Sports Group, Mike started his career with Deloitte, later working in Transaction Services at PriceWaterhouseCoopers. He subsequently joined UBS Private Equity in 2000 where he spent 5 years as an Investment Director working on mid-market pan-European transactions.
Nova's investment team combines the skills of both senior executives (Operating Partners) and experienced investment professionals (Investment Partners). Mike's appointment follows on from that of Operating Partner, Adam Robson, who joined Nova in December 2007 from Molins plc. Mike will initially be focusing on the Barloworld Scientific Laboratory Group of businesses which Nova acquired from Barloworld Limited in a £75m transaction. The Group designs, manufactures and distributes equipment and consumables for scientific, clinical and industrial laboratory applications.
David Williamson, Managing Director, Nova commented:
"Mike brings both significant private equity transactional experience and direct operational perspective gained from his time as CFO of HI-Tec Sports Group. In addition he has a strong track record of working with business to enhance value and deliver strategic growth. We are delighted he has joined the team."