Cyrus Appoints New Member To Advisory Board
Cyrus Investment Management LLP (“CIM”), the specialist engineering turnaround EIS investment adviser, is pleased to announce that Clare Glackin, Head of Industrial Practice at Odgers Berndtson, has been appointed to CIM’s Advisory Board.
Clare Glackin heads the Industrial practice at Odgers Berndtson, where she undertakes executive searches for manufacturing and engineering businesses. Her particular focus is senior management in the global Aerospace, Defence, and Security sectors. Prior to commencing her career in executive search, she worked on major infrastructure projects as a Chartered Civil Engineer, before becoming a diplomat with the Foreign and Commonwealth Office. She subsequently moved to the Ministry of Defence, where she led teams specialising in security policy. Clare graduated from Cambridge University with a degree in Engineering Science. She has an MSc from Imperial College, London.
Peter Schwabach, Managing Partner of CIM, commented, “We are delighted to welcome Clare Glackin to our Advisory Board. Clare brings a strategic understanding and insight into Cyrus’s core markets – Aerospace, Defence and Security which will be of huge benefit to our portfolio of investee companies as well as our investment management team.”
CIM recently closed fundraising for the Cyrus Precision Engineering EIS Fund 2 (“Fund”), having successfully raised £10.5m. The Fund will continue to invest in best of class UK Precision Engineering companies, introducing new capital and management to deliver growth and profitability.
The UK is a world centre of excellence for precision engineering and CIM has identified 1,500 UK precision engineering companies as potential targets for investment through the Fund, the majority of which are SMEs with an enterprise value in the range of two to ten million pounds.
Peter Schwabach, “Cyrus’s management have identified a strong pipeline of precision engineering companies and we expect the first investment from Fund 2 in the coming months”, he said. “All deals will build on Cyrus’ existing portfolio and focus on targets with “natural synergies” he added.