St Andrews-headquartered investment firm Eos Advisory has strengthened its senior team.
Andrew Durkie joins as a partner, while Andy Lothian and Sandy Kennedy become new non-executive growth advisors.
Durkie is a chartered accountant who brings more than 20 years’ experience in mergers and acquisitions and corporate transactions.
A former corporate finance specialist with Deloitte, he has held a range of roles in the financial sector, including head of group mergers and acquisitions at HBOS and senior corporate development, finance and commercial roles at Lloyds Banking Group’s insurance and wealth divisions.
Lothian is the chief executive at Dundee-headquartered Insights, a people development group that operates in more than 40 countries worldwide and counts Microsoft, Google, Nike and the NHS among its client base.
Kennedy has 25 years of experience as an entrepreneur, chief executive, investor and advisor to scaling companies, government and entrepreneurial support organisations, including as the chief executive of Entrepreneurial Scotland, an advisory board member with Scottish EDGE, and a board member at Social Investment Scotland.
Kennedy is also a director at venture vertical farming scale-up Intelligent Growth Solutions.
Andrew McNeill, managing partner at Eos Advisory, said: “It’s important that we continue to build a team that can help guide us through our next phase of growth - along these lines, we’re really pleased to get Andrew, Andy, and Sandy on board.”
The firm’s portfolio now has a valuation of more than £145m, following a year in which Eos saw its first two exit events, including when Genus acquired a large stake in aquaculture specialist Xelect.
Another company in Eos’ portfolio, vegan protein specialist ENOUGH - formerly 3F Bio - secured a £36m Series B investment round in June 2021.
Earlier this month, Eos invested in University of Bath spin-out Naturbeads. The £1.25m seed round will support Naturbeads as it develops cellulose-based substitutes for plastic microbeads.
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