October 2023: Kester Capital, a leading lower mid-market buyout firm, has announced that Abhishek Majumdar has joined the business as Principal and Cam Steele has joined as Vice President. Abhishek previously spent 7 years at Inflexion where he worked on a number of transactions in the technology and services sectors. Abhishek is a graduate of Oxford University, where he studied Physics. Before joining Kester, Cam spent 5 years at Skill Capital, leading the firm’s B2B software & services franchise and partnering with entrepreneurs on early stage, growth capital and leveraged buyout investments. Cam graduated from the University of Bristol with a degree in Biological Sciences.
Kester is also pleased to announce a raft of promotions. Thomas Holroyd has been promoted to Partner; Rob Henderson and Ben Woolley have been promoted to Principal; and David Fernie has been promoted to Vice President.
The evolution of the Kester team comes on the back of a strong year for the firm in which it has completed two new platform investments from its third fund as well as recently exiting Avania Clinical, generating a return of 8.4x, and Vixio, for a 4.8x return.
Kester has also announced the formation of a new charitable foundation, The Kester Foundation, which will receive 10% of the carry generated by Fund III and future funds and which it will use to support a range of charities and not-for-profit organisations.
Cameron Crockett, Managing Partner of Kester Capital, commented: “We are delighted to welcome Abhishek and Cam to our business and announce these important promotions. We are excited about assembling such an experienced and talented team at Kester as we look to build on our strong track record. We are also proud to have established a charitable foundation so that the entire Kester team can share its success with important and deserving causes.”