Investec has added to its growth and acquisition finance (GAF) team with a new hire. James Gout has joined the firm from Barclays, a company announcement confirmed.
Gout is joining now to meet the workload the corporate lending-focused team is experiencing at present. “We’re slightly struggling with the workload at the moment,” James Stirling, co-head of the GAF team, told PDI.
The addition of Gout will allow Investec to spend more time assessing the dealflow it’s currently receiving, Stirling noted. He also said the firm should benefit by having more “diversity of thought” within its team.
The increased dealflow is particularly prevalent in what Stirling calls the “entrepreneurial led” market – business owners either looking for debt to take back part of businesses they previously founded or manage portfolios of several businesses they have stakes in.
The hire also reflects a desire to grow the business of the GAF team. Stirling told PDI the group has growth plans and is likely to make an additional hire over the next six to nine months. The GAF team does, however, like to let its new hires settle in before expanding the team again, Stirling said.