Ex-Charterhouse Partner Said to Build Team for Solo FundKiel Porter
Jeremy Greenhalgh, a former partner at London-based Charterhouse Capital Partners LLP, is assembling a team for his own private-equity firm, according to three people with knowledge of his plans.
Greenhalgh, 50, formed Innervation Capital Partners, with Sotiris Lyritzis, a former managing director at buyout firm Summit Partners LP, said the people, who asked not to be identified because they weren’t authorized to speak publicly.
Cheryl Jones, chairman of BCB Holdings Ltd., a Belize-based financial-services company in which former U.K. Conservative Party Deputy Chairman Michael Ashcroft, 68, has an interest, is also working with the group, two people said.
Innervation Capital Partners Ltd. was registered at U.K. Companies House on Dec. 18, with Greenhalgh, Lyritzis and Jones as directors. The new firm will have offices in London and New York, the people said.
In 2011, Greenhalgh was part of a three-man leadership team at Charterhouse, a private-equity firm, for several months before Lionel Giacomotto took over as sole-head following complaints among employees about the management structure. Greenhalgh departed in December 2012 after more than two decades.
Innervation plans to make investments in Europe and the U.S. by raising money on a deal-by-deal basis before trying to establish a permanent fund, the people said. Additional hires are expected in the coming months, they said.
Greenhalgh and Lyritzis didn’t respond to requests for comment directed to their LinkedIn accounts and couldn’t be reached by telephone through directory assistance. Jones didn’t respond to phone and e-mail requests seeking comment.