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New Palamon partner

Palamon Capital Partners has appointed Matthew Turner as partner, effective from February 2005. He joins the firm from PPM Ventures where he was director in charge of group business development. He has over 15 years’ experience in private equity.

Turner, 40, joined Prudential in 1986 as a lawyer specialising in all aspects of commercial law including M&A and private equity. In 1989, Turner became an investment professional in Prudential’s private equity arm, PPM Ventures, following an initial secondment there. He was appointed a director in 1997.

During his 16 years at PPM, Turner led many successful transactions including the MBO of Gala Group’s casino and bingo business for £235m (€334.41m) in 1997, which was disposed of in 2004 for £1.24bn, the €550m buyout of Pharmacia Diagnostics from Pfizer in April 2004 and the €200m acquisition and financing of Edotech by Astron Group this summer.