Investec's Wilson to head Blue Sky

Blue Sky Private Equity has appointed former Investec head of acquisition finance Tim Wilson as its new managing director.

He has also taken an equity stake in the boutique private equity fund manager where he will be responsible for sourcing new investments.

Wilson said the opportunity to work in private equity was a long-term ambition.

“It was a case of right team, right place, right time when the Blue Sky position presented itself,” he said.

“My interest in private equity began when I first started financing buyouts in London 10 years ago and more recently in Queensland with Investec’s growth and acquisition finance business.”

Wilson said his networks and knowledge showed there was no downturn in the private equity sector and opportunities were available to managers such as Blue Sky.

The low debt levels of the boutique manager also meant it could take advantage of the opportunities that are available.

“Blue Sky and Queensland present a great match as there is a wealth of dynamic businesses based here, and the timing in the cycle is right to capitalise,” he said.

“Pricing in what was an overheated market has rapidly adjusted, and many local businesses will be looking for funding at a time when the banks are no longer lending.”

Blue Sky has offices in Brisbane and Adelaide where 11 staff manage portfolios valued at $100 million on behalf of 200 investors.

The manager has invested in a broad range of companies including franchised chicken retailer Lenard’s, Beach Burrito Company, Paradise Motorhomes, and portable toilet operator Viking Rentals.