AAMPE becomes Spirit Capital

After a year of negotiations with parent company Aberdeen Asset Management, the senior executives of Aberdeen Asset Management Private Equity (AAMPE) have completed a management buyout, creating new independent private equity firm Spirit Capital.

Spirit Capital has assumed the management of around £100m of private capital from Aberdeen and will continue to work with the current portfolio of investments.

Spirit Capital Partners LLP has been established by Francesco Santinon, supported by fellow partners Andy Glennon and Colin Stirling. Industry veteran Graham Dewhirst, former partner and Head of Investor Relations at Bridgepoint, will join the new business as chairman. They are joined by a further seven executives from AAMPE.

The business will continue to operate nationally from offices in London and Leeds undertaking buyouts of businesses valued at between £10m and £50m.