Sovereign Capital announces promotions

Sovereign Capital, the UK private equity buy-and-build specialist, is pleased to announce that it has promoted two members of its team, Jose Rodriguez and Paul Egan, to the position of Assistant Director.

Paul Egan joined Sovereign Capital in June 2005 and has extensive experience of the business to business support services sector. His transactions have included the £29 million MBO of the business process outsourcing company, Avance Group, and the £10 million BIMBO of the facilities management group, London Property Maintenance. Prior to joining Sovereign, Paul's previous investments included the successful MBO of Vivista Limited, a leading provider of information and communication technology and services to the public safety sector, from Securicor PLC.

Jose Rodriguez joined Sovereign in 2004 and has been actively involved in the implementation of roll-out strategies and bolt-on acquisitions across the portfolio as well as the completion of several investment recapitalisations. He was also part of the team that acquired specialist care provider Alkare for Sovereign in March 2006; a £22m transaction.  Most recently, Jose assisted in the £130m exit of SENAD, a leading provider of special educational needs schools. 

Commenting on the promotions, Ryan Robson, Partner at Sovereign Capital, said: "We are very pleased to recognise Paul and Jose's contribution to the business. We have had a strong year at Sovereign. In addition to the SENAD exit we have invested and committed over £100 million across new platform and bolt-on acquisitions. The deal pipeline for 2007 looks very positive."