Team

Our team has deep experience and expertise across industrial businesses

We are long-term partners for outstanding UK industrial businesses. Find out more about us.

Jonathan Bates-Kawachi

CEO

Experienced industrial investor

Jonathan is an experienced investor with extensive expertise in B2B and industrial businesses. He has worked in both Japan and the UK, and has a strong track record in investing in smaller companies.


Duncan Penny

Senior Founding Partner

Successful former FTSE250 CEO

Duncan was the CEO of XP Power from 2003-2020. Duncan built XP Power to over £1bn in market cap and £300mn in revenue, while focusing on value-add products. While at XP Power, Duncan completed multiple acquisitions. Duncan advises several companies as a non-executive.


Paul Simmons

Senior Founding Partner

Successful former FTSE250 CEO & FTSE100 Sector CEO

Paul is the former CEO of Hill & Smith and CEO of the Safety Sector at Halma. He has a long track record of delivering double digit organic growth, as well as multiple acquisitions at highly successful decentralised industrial businesses.


Adrian Clark

Advisor

Senior cross-sector legal and financial advisor

Adrian Clark is Head of Business Risk / Governance at a Global Asset Manager. Adrian brings a range of experience to the team, including a legal background (regulatory / compliance, corporate, M&A) and experience across finance, governance, start-ups. He is CFA qualified.