Sovereign promotes duo

Sovereign Capital, the UK private equity buy-and-build specialist, has promoted two members of its team, Jose Rodriguez and Paul Egan, to the position of assistant director. Rodriguez joined the firm in 2004 and has been actively involved in the implementation of roll-out strategies and bolt-on acquisitions across the portfolio as well as the completion of several investment recapitalisations.

He was also part of the team that acquired specialist care provider Alkare for Sovereign in March 2006; a £22m transaction. Most recently, Jose assisted in the £130m exit of SENAD, a provider of special educational needs schools

Egan joined Sovereign in June 2005 and has extensive experience of the business to business support services sector. His transactions have included the £29m MBO of the business process outsourcing company, Avance Group, and the £10m BIMBO of the facilities management group, London Property Maintenance.