Duke Royalty Limited Appointment of Chief Investment Officer (1572L)
11 January 2021 - 6:00PM
UK Regulatory
TIDMDUKE
RNS Number : 1572L
Duke Royalty Limited
11 January 2021
11 January 2021
Duke Royalty Limited
("Duke Royalty", "Duke" or the "Company")
Appointment of Chief Investment Officer
Duke Royalty Limited (AIM: DUKE), a provider of capital
solutions to a diversified range of profitable and long-established
businesses in Europe and abroad, is pleased to announce the senior
management appointment of Mr. Peter Madouros as its Chief
Investment Officer. Peter has extensive private equity and credit
experience and will operate out of Duke's London office. Jim
Webster, who has been Chief Investment Officer and a member of
Duke's Investment Committee since 2016, will continue to provide
his experience, support and leadership as Chair of the Investment
Committee.
In light of the Company's growing pipeline of opportunities
driven by business owners' desires turn to long-term capital
solutions, Mr. Madouros' appointment provides Duke Royalty's
Investment team with additional expertise, particularly in the
European non-bank credit sector and increases capacity for
origination and execution of new transactions. Formerly a senior
member of the investment team at Pollen Street Capital, Duke
Royalty's debt provider, Mr. Madouros has a strong track record of
working closely with UK SMEs to assess their needs and structure
appropriate capital solutions. He will be responsible for
conducting the due diligence and negotiations on prospective
investment opportunities, directing the execution of royalty
transactions approved by the Duke Royalty board and monitoring
royalty investments made by the Company.
Prior to his role at Pollen Street Capital, Mr. Madouros served
as an investment professional at Moore Capital Management, a
multi-strategy hedge fund focused on global financial markets. Mr.
Madouros holds a BA from Cornell University, where he graduated
Magna cum Laude, and an MBA from Columbia Business School.
Neil Johnson, CEO of Duke Royalty, said:
"Peter has a deep understanding of our business, having
previously been our key point of contact at Pollen Street Capital,
so his decision to join Duke Royalty serves as a strong endorsement
of our business model and its exciting future growth potential.
Peter's career has been spent in the non-bank credit markets, which
gives us additional expertise and relationships as we grow Duke
Royalty. His UK presence means that he is ideally placed to work
closely with our current and future royalty partners to listen to
their requirements and evaluate their suitability.
"I am excited that we found a person of Peter's calibre to
transition from Jim, who has been invaluable in establishing our
initial capital and portfolio, as our Chief Investment Officer. Jim
has now successfully launched three royalty companies in three
countries which today run collectively over $5 billion. We look
forward to his continued valuable role as Chair of the Investment
Committee."
Jim Webster, Chair of Duke Royalty's Investment Committee,
said:
"I welcome Peter's appointment as Duke expands its diversified
portfolio of royalty partners. Peter brings additional leadership
and knowledge to a dedicated team of investment professionals which
will further deepen Duke's disciplined investment culture."
The Investment Committee is now comprised of:
Chair
Jim Webster
Executive members:
Neil Johnson
Charles Cannon Brookes
Peter Madouros
Independent members:
Andrew Carragher - Founder and Managing Partner of DW Healthcare
Partners
John Romeo - Managing Partner and CEO of Oliver Wyman Forum
Justin Cochrane - CEO of Conic Metals
***ENDS***
For further information, please visit www.dukeroyalty.com or
contact:
Neil Johnson / Charles
Cannon Brookes /
Duke Royalty Limited Hugo Evans +44 (0) 1481 741 240
Cenkos Securities plc Stephen Keys / Callum
(Nominated Adviser Davidson / Julian
and Joint Broker) Morse / Michael Johnson +44 (0) 207 397 8900
Canaccord Genuity Adam James / Georgina
(Joint Broker) McCooke +44 (0) 207 523 8000
Newgate Communications Elisabeth Cowell/ +44 (0) 20 3757 6880 dukeroyalty@newgatecomms.com
(PR) Ian Silvera/ Megan
Kovach
About Duke Royalty
Duke Royalty Limited provides alternative capital solutions to a
diversified range of profitable and long-established businesses in
Europe and abroad. Duke Royalty's experienced team provide
financing solutions to private companies that are in need of
capital but whose owners wish to maintain equity control of their
business. Duke Royalty's royalty investments are intended to
provide robust, stable, long-term returns to its shareholders. Duke
Royalty is listed on the AIM market under the ticker DUKE and is
headquartered in Guernsey.
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