Primary is pleased to announce the appointment of Iain Wolstenholme as a partner. Iain will lead the establishment of a new Manchester office for Primary, focused on targeting deals across the active Northern deal market.
Iain has operated in the Manchester market for over 20 years, most recently as a partner with Gresham Private Equity since 2007 in their Manchester office and previously in advisory roles with PricewaterhouseCoopers Corporate Finance and EY Corporate Finance. Whilst at Gresham, Iain was involved in many of their most successful deals including ICR Integrity, Hotter and Olaer.
Primary recently announced that it had closed on its latest fund, Primary IV, above its target at £227.5 million. Primary IV will have the same strategy as each of its previous funds, targeting management buy-outs and buy-ins with enterprise values of between £20 million and £100 million and where Primary IV will make equity investments of between £10 million and £45 million.
Neil Wallace, CEO of Primary, commented “We are delighted to welcome Iain as a partner to Primary. We look forward to using Iain’s outstanding track record at Gresham in the local Manchester market as the cornerstone to building a significant local presence in the northern region.”
Contact Jackie Adams for more information