trending Market Intelligence /marketintelligence/en/news-insights/trending/hsCAZjnz4ahbWp5kqy3d1Q2 content esgSubNav
Log in to other products

 /


Looking for more?

Contact Us
In This List

Palatine Private Equity backs management buyout of Lucion Services

Blog

Latin American and Caribbean Market Considerations Blog Series: Focus on IFRS 9

Blog

COVID-19 Impact & Recovery: Private Equity

Blog

Banking Essentials Newsletter: April Edition - Part 2

COVID-19 Impact & Recovery: Corporates


Palatine Private Equity backs management buyout of Lucion Services

U.K.-based Palatine Private Equity LLP backed the management buyout of Lucion Services Ltd., which offers risk-management consulting and inspection services.

Palatine made the investment through Palatine Private Equity Fund III LP, while HSBC provided a debt funding package to support the buyout by Lucion's existing executive management team, which consists of CEO Phil Rozier, Chief Risk Officer Ross Boulton and COO Adam Mead.

Jamie McGivern, who previously worked with Palatine at insurance broker Chase Templeton Ltd., will be Lucion's CFO, while Lucion co-founder Patrick Morton will continue with the Gateshead, U.K.-based company in an advisory capacity.

Gary Tipper, Ed Fazakerley, Kieran Lawton and James Winterbottom led the transaction for Palatine. Lawton and Winterbottom will join Lucion's board as nonexecutive directors.