Stage Capital completes exits of businesses worth over €350 million

Stage Capital (“Stage”), the private equity and real estate investor backed by funds managed by Goldman Sachs Asset Management and Glendower Capital (previously Deutsche Bank Private Equity), has celebrated a successful first year of operation with the recent sale of three assets totaling over €350 million in value. In total, the firm – which spun out from NBGI in October 2016 – has now realised 84% of its invested capital since launch. 

Duke Street acquires TeamSport

Duke Street, the mid-market private equity group, has acquired a controlling interest in TeamSport Karting, the UK’s largest indoor go-karting operator. The investment is the first for Duke Street’s new Cornerstone Fund, established in January this year with backing from Goldman Sachs Asset Management as a key step in the evolution of Duke Street’s deal-by-deal approach into a hybrid funding model. Unigestion acted as the sole institutional co-investor in the deal.

Hydra appoints tech specialist Hugh Davies as Partner

Hydra Strategy, the senior-only consultancy launched in January 2017, has appointed telecoms, media and technology industry heavyweight Hugh Davies as a Partner.

Hugh was most recently Director of Corporate Communications at Three, the UK’s first 3G mobile operator, where he spent almost 10 years leading the campaigning and communications to take the internet mobile.