The ICAEW Corporate Finance Faculty has appointed Giles Derry, partner at UK mid-market private equity firm Dunedin, as its chairman – the first time someone from the private equity sector has become a chair for ICAEW.
Commenting on his appointment, Giles Derry said: 'As the representative body of many professionals involved in corporate finance, the faculty can add significant value to initiatives for business and economic growth. I’m keen to make sure we’re looking at ways to move equity funding up the growth agenda in the UK and internationally – including project finance, private equity, growth capital, venture capital, business angels and start-ups'.
'I’m also keen that the faculty continues to broaden its membership of companies, investors and advisers to include other specialist areas of knowledge and consultancy. The extent to which we’re able to provide guidance across all levels of finance in business is a very good thing'.
David Petrie, Head of Corporate Finance at ICAEW, said: 'As our first faculty chairman from private equity, Giles represents the wide network of the Corporate Finance Faculty, which includes many principals, advisers and bankers. The faculty has an important role in developing effective policy with government, regulators and other professional bodies. Giles brings direct, practical experience of equity investing in many growing companies'.
Derry joined Dunedin in 2005, having previously worked at Sand Aire Private Equity. He has national responsibility for origination activity at Dunedin across both the direct and intermediary channels. Dunedin pursues growth strategies through internationalisation, buy and build, roll-out and organic growth and has been very active in the last year completing three strong exits, as well as the £34.5 million management buyout of Premier Hytemp.
Throughout his career, Derry has led successful equity investments in a wide range of innovative, growing businesses, in sectors such as business services, industrial and financial services. These have included Red Commerce, Formaplex, Home & Legacy and Ede’s.
Derry obtained a natural sciences degree from Durham University before qualifying as a chartered accountant with Arthur Andersen in 1996, working in the Financial Markets practice and later with the corporate finance department. He has been a member of the board of ICAEW’s Corporate Finance Faculty since 2006.