Top dealmakers at City private equity firm Charterhouse Capital Partners took home £32.3m last year, it emerged yesterday, despite some of the buyout specialist’s key investments falling into lenders’ hands over the period.
Top executives at the firm pocketed an average of £1.24m last year, according to accounts filed on Companies House.
Charterhouse – one of London’s oldest and most secretive private equity firms – recorded profits of £77.4m over the year. However, the buyout firm has seen a number of its companies run into trouble over the period. It lost control of both Caerphilly-based cleaning company PHS and French retailer Vivarte.
PHS was taken over by a consortium of hedge funds in a restructuring last September, after succumbing to the weight of its debt burden.
Vivarte was seized by lenders in a €2bn (£1.5bn) debt-for- equity swap in October. Charterhouse was also forced to inject £20m into healthcare tech firm Tunstall.