About Us

Our team has a diverse range of backgrounds as entrepreneurs, operators, advisers as well as investors

OUR TEAM


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Walid Fakhry

Managing Partner

Walid co-founded Core Capital in 2005, having had past experience in operations, strategy consulting and investment banking.  Prior to that, Walid founded and sold one of the largest ISP’s in the middle east.

Walid has experience in various sectors including IT, TMT, software and business services.


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Stephen Edwards

Managing Partner

Steve co-founded Core Capital in 2005, having held past roles with Beringea Private Equity, HG Capital, Grosvenor, and PWC Corporate Finance. 

Steve has led, managed or arranged over 25 transactions, managed investment teams and portfolios spanning some 50 private companies.

Steve has particular experience of investing in leisure, healthcare, business services and media.


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David Steel

Investment Partner

David joined Core Capital in 2007, prior to which he was with KPMG for 6 years in their Corporate Finance practice.

David currently sits on the board of investee company AlliedPRA and was operationally involved in the restructuring and turnaround of that investment.  David also sits on the board of Colway.

David has experience in various sectors including hospitality, healthcare, business services and IT.


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James Smallridge

Investment Partner

James joined Core Capital in 2009, prior to which he was with RJD Partners and KPMG for 8 years in their Corporate Finance practice.

James currently sits on the board of investee companies Ark, Blanc and Cording Real Estate.

James has experience in various sectors including healthcare, leisure, IT and business services.


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Howard Chan

Investment Manager

Howard joined Core Capital in 2011 having previously worked at McQueen (now Houlihan Lokey), the mid-market consumer M&A boutique.  He started his career in investment banking at National Bank Financial in Canada.

Howard was operationally involved in Colway for two years, forming part of the senior management team that restructured the business. 

He has experience in various sectors including consumer, leisure and business services.


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Matthew Hewlett

Investment Manager

Matt joined Core Capital in 2015, prior to which he held in-house M&A roles for two HgCapital portfolio companies in the technology sector.  Before this, Matt worked at Lloyds Banking Group, leading restructuring transactions of distressed private equity-backed businesses.

Matt has experience in various sectors including IT, TMT, software and business services.

 


Stuart Hamilton

Portfolio Executive

Stuart joined Core Capital in 2016, having previously spent 7 years at BDO. He initially trained as a Chartered Accountant before transferring to the Corporate Finance team, where he spent 4 years advising on both buy-side and sell-side transactions involving private equity.

During his time at BDO Stuart worked on deals across a range of sectors including consumer, leisure, business services and education.

 


Rhonda Nicoll

Finance Director

Rhonda joined Core Capital in 2010 having spent a total of 13 years in fund accounting and administration at F&C Asset Management.

Rhonda is a CIMA qualified investment accountant and is responsible for all Core Capital fund reporting, secretarial and compliance.


Arnold Dopo

Assistant Accountant

Arnold joined Core Capital in 2014 and supports Rhonda in the management of Core Capitals fund reporting, accounting and compliance requirements.


Sophie FeII

Executive Assistant

Sophie joined Core Capital in 2015, and is responsible for the day to day running of the office, as well as being PA to the team.


Ian Simpson

Adviser

Ian Simpson joined Core Capital as an adviser in 2017. Ian previously advised on the raising of both Core Capital I and Core Capital II. Ian is the founder and Managing Partner of placement agent Amala Partners. He spent the previous 15 years as a Director of Helix Associates, a placement agent, which he co-founded in 1993.  Ian was a Director of Berkeley Govett (UK) Limited and before that an Associate Director in the Global Private Equity Placement Group at Continental Bank. Over the course of almost 30 years in the industry, he has advised and raised capital for a broad range of private equity firms in both Europe and the US. 

 


Vince O'Brien

Adviser

Vince O'Brien joined Core Capital as an adviser in 2017.  Vince has worked in the private equity industry for nearly 30 years. A former Chairman of the British Venture Capital Association, he served for more than 20 years as a partner with Montagu Private Equity, a mid-market private equity manager with over €5 billion of assets under management. He started his private equity career at Coopers and Lybrand where he assisted management teams in fundraising and venture capital transactions.

 


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INVESTMENT APPROACH


Our investment approach

Sector: Generalist

We have experience in Healthcare; IT; Business services; Leisure; Consumer; Technology; Media

Company size

Sales of £5 – £50 million plus EBITDA of at least £1m.

Investment size

We look to invest £10m to £25m equity per business.

Flexibility

Every business is different and deserves an individual investment approach.
We consider MBO, MBI, BIMBO structures for accelerated growth, bolt-on acquisitions, replacement capital, and also distressed situations.
We are happy to take minority or majority equity positions.

Geographic focus

Companies headquartered in the UK, with significant growth potential both in the UK and internationally.

How we work

Core Capital provides a flexible investment approach, tailored to the needs of the business.  
We work closely with our management teams to add value in:
  • Formulating strategic plans
  • Optimising senior team structure and focus
  • Scaling operations in regional or international expansion
  • Executing bolt-on acquisitions
  • Refinancings
  • Exit preparation; a discipline that starts on day 1
Our experience of growing and selling businesses has been gained both as entrepreneurs and investors.
We are a small team and personally invested in the funds we manage, so we are fully focused on making every deal a success.
Ultimately, our track record demonstrates that we deliver results.

 

core capital June 2017