ENACT RECRUITS FOR CONTINUED GROWTH

Following on from the recent recruitment of two new Managers in Manchester and London, Enact continue to expand with the recruitment of Alex Nicholls as an Investment Manager in Leeds.  Alex joins from the Turnaround and Restructuring Team of EY-Parthenon and will provide transaction support on new investment opportunities and specific projects within the existing Enact portfolio.

Chris Cormack, Partner - Enact commented:

“I’m delighted to welcome Alex to Enact. Enact continue to invest in the national team and Alex's skillset provides additional support to deliver transformational equity finance to SME's throughout the UK. Enact Fund II was launched in June 2019 and with 8 portfolio investments to date, the Fund is well placed to complete its capital deployment in early 2022.  In the last 18 months, the team has grown significantly to underpin a national investment strategy from the three key offices of Leeds, Manchester and London. The team is now in place to support the existing portfolio of investments and continued deployment of Fund II, with a further fund raise for Enact III being finalised.”

Enact is an SME focussed private equity fund bringing certainty to businesses with transformational hands-on-investment of up to £10 million. Our goal is to make business better for everybody; we open opportunities that other investors can’t by investing quickly (often within 28 days) into challenging situations that do not fit the criteria of traditional private equity.