Newable, a national provider of money, advice, and space to SMEs, has announced the appointment of Peter Barrand as Managing Director of Newable Capital and Azim Hosein as Managing Director of Strategy and Acquisitions.
Newable Capital is Newable’s specialist investment arm, providing support to help profitable, well-established UK SMEs through their succession journey. Created early in 2019, Newable Capital has already screened nearly 350 investment opportunities and is looking to close multiple transactions over the coming months.
Formerly of PricewaterhouseCoopers, Peter joins Newable from Ignition Corporate Finance where he was a Founding Partner. Ignition is a London-based corporate finance advisory firm focused on sell-side advice for UK SME private companies and MBO advice to Private Equity Investors and management teams. The partnership’s expertise is in transactions less than £25m enterprise value across multiple sectors.
Meanwhile, the appoint of Azim Hosein as Managing Director of Strategy and Acquisitions comes as Newable looks to both the organic expansion of its existing businesses and also, through acquisition, the development of its platform offering to businesses working at the heart of the economy.
Azim joined Newable in September 2016 as Head of Corporate Development. He obtained his ACA qualification at Deloitte and is a CFA charter holder. He has significant corporate development experience having worked on numerous M&A projects across a range of sectors including energy and consumer products. He joined from the Centrica Energy M&A team.
Chris Manson, Newable CEO, said: “We are delighted to have Peter and Azim on board as we look to take our growth to the next level, underlining our ambitions to support and grow a significant and increasingly valuable portfolio of thriving businesses.
“In the first nine months of activity, Newable Capital has generated a significant deal flow, while on the acquisitions side we have made a number of headline purchases recently including the flexible office provider Citibase, Newable’s largest single acquisition to date.”