Stage Capital has completed its separation from NBGI Private Equity, backed by funds managed by Deutsche Bank Private Equity (DBPE) and Goldman Sachs Asset Management (GSAM).
DBPE and GSAM have acquired 100% of National Bank of Greece’s interests in the funds under management by NBGI Private Equity for a consideration of €288m, in addition to committed funding to support and build the existing portfolio.
The core senior investment team members from NBGI Private Equity have become partners in Stage Capital, led by incoming Managing Partner & CEO Graham Thomas, whose previous experience includes roles at Goldman Sachs, MidOcean Partners and RIT Capital Partners.
Stage Capital manages a portfolio comprising private equity, venture capital and real estate investments across UK and Europe. A number of portfolio companies remain in growth and build-up mode and the firm will continue to be active in making acquisitions and supporting organic growth.
Stage typically invests between €5m-€25m into each portfolio company, and has been committed to investing in the midmarket since 2000. The team will continue to back experienced, dynamic management teams to build strong platform investments and drive change to create valuable, sustainable businesses.
“The Stage Capital name reflects the platform that we provide as an investor, both in terms of the financial support and the expertise that we bring as a seasoned investment team. We are delighted to have been backed by DBPE and GSAM, and are focused on realising strong returns for our Investors. There are exciting opportunities to further develop and build Stage Capital,” said managing partner & CEO Graham Thomas.