Accountants quit jobs to form private equity firm
Three Manchester accountants join up to form unique buy-out firm, Infinity Asset Management, with ability to conduct due diligence on its deals itself
Three high-profile accountants based in Manchester have given up the comfort
and security of their jobs as partners and finance directors to launch a
uniquely-positioned private equity firm.
The firm, Infinity Asset Management, was founded by former BDO Stoy Hayward
partner Daniel Finestein, BDO director Sarah Platt and the FD of a telecoms
company, Phil Vickers.
Infinity has funds of £50m to invest and is proposing, unlike other buy-out
firms, to conduct all the due diligence on its deals itself. The firm hopes that
this will allow be faster and more focused than its rivals.
‘After many years advising some of Europe’s top entrepreneurs, it’s hugely
exciting for us to be now investing substantial funds in the businesses we’re
interested in,’ said Finestein.
The team is now looking for investment opportunities, of between £500,000 and
£15,000,000 with established businesses seeking funding for development,
acquisitions, refinancing, buyouts or for turnarounds.
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