Private equity exits usually take five to seven years. But that's for the corporate deals not the people, with two of CHAMP's senior dealmakers expected to leave by the end of 2015 after racking up long stints at the private equity house.
It's understood Darren Smorgon and Nathaniel Childres, 16-year and 14-year veterans of the firm, will not stick around for CHAMP's fourth capital call.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
