Palatine pairs-up with management consultancy
PALATINE Private Equity, the lower-mid market buyout firm, has agreed an exclusive tie-up with a management consultancy.
The Manchester-based investor says the agreement with The Berkeley Partnership will help it to provide operational improvement services both pre and post deal.
London-based Berkeley operates across a range of sectors and its clients include Unilever, the Post Office and Royal Mail.
The agreement will include pre-deal due diligence to help identify areas of operational improvement within potential investee companies, as well as helping implement them once the deal is completed. Berkeley will also be used to identify operational improvement opportunities within Palatine’s existing portfolio.
Palatine already has operational experience within the firm through its executive advisory board, which includes entrepreneur Anthony Preston, the founder of Pets at Home.
Palatine’s Steve Donaldson and Beth Houghton will head this initiative up.
Managing partner Gary Tipper said: “We are delighted to have agreed this relationship with the team at Berkeley. Having worked with them recently on two of our existing portfolio companies I am convinced they will add to our capability in identifying and delivering significant operational improvements within our investee companies.
“Like us they are an independent business with an entrepreneurial approach and we at Palatine are all looking forward to working with the Berkeley team.”
Neil McClumpha, partner at Berkeley added: “Our 20-plus years of successfully delivering operational change across a range of private and public sector businesses has afforded us a perspective on what really works and what doesn’t.
“Berkeley and Palatine also share core underlying philosophies, such as true independence and high levels of partner involvement in each and every opportunity, so the fit between our businesses feels strong.”
