August Equity appoints Mike Biddulph as partner

Biddulph has been working with August since 2014 on a number of their portfolio companies, acting as a board representative for the firm. He is now one of four partners at the firm.

In his new role he will have responsibility for portfolio management as well as new investments, particularly in the technology sector.

Biddulph has worked in private equity for 18 years and managed more than 20 investments in UK companies. He was previously with August’s predecessor firm, Kleinwort Capital, where he worked from 1998 until 2005. He went on to found private equity firm Promethean Investments as well as distressed investor Carta Investments.

August has also strengthened its origination function with the promotion of James Bakewell to director. He will lead the function responsible for identifying and analysing sectors of investment interest to August, building the pipeline of business opportunities and undertaking commercial due diligence on new investments.

Bakewell has been with August since 2014, after spending seven years with strategic consultancy FreshMinds as head of their financial and professional services practice.

The moves come after August announced the successful closing of its latest vehicle, Fund IV, on £224m earlier this week. This follows the closing of Fund III on £200m in December 2013.