Fox-Pitt launches buyout arm

Monday 16 July 2007 at 16:00

Specialist investment bank Fox-Pitt, Kelton has launched a dedicated private equity arm and made its first investment following its takeover by JC Flowers.

Fox-Pitt has hired investment bankers Tim Hanford and James Lewisohn to run FPK Capital, a fledgling private equity arm that recently invested alongside JC Flowers in US debt collection agency Encore Capital.