18 November 2022
Apis appoints Adam Battersby and Theofilos Kotridis as Partners to lead European and U.S. investments
London, 25th January 2022 – Global financial services private equity asset manager Apis Partners LLP today announced the hire of two new Partners to the Apis Group (“Apis”), who will broaden the group’s investment coverage. Adam Battersby and Theofilos Kotridis will be based in the Apis’ London office and will focus on investment opportunities in Europe and the United States.
Apis Partners was co-founded by Matteo Stefanel and Udayan Goyal in 2014. The firm invests in growth stage financial services and financial infrastructure businesses and has a strong focus on the sustainability and societal impact of its investments in sector-leading companies. Apis manages or advises on total committed capital from investors (including drawn and invested capital) of US$1.2 billion. Adam and Theofilos join Apis from TechFin Investments, a growth investor focused on investments in series B and above fundraising rounds, which the pair co-founded after leaving Bank of America and Credit Suisse Principal Investments teams, respectively.
Adam is a highly successful investor with more than 18 years of experience investing into EMEA, US and APAC. His track record includes over 35 investments within key areas of fintech including payments, blockchain and artificial intelligence. Adam led Bank of America Merrill Lynch’s Global Principal Investments portfolio, with a focus on financial technology private equity investments. There he had a global mandate focused on strategic investments across financials, technology companies and key fintech Investment trends. As Co-Chair of the Global Investment Committee, he oversaw all new investments and a portfolio of over US$2 billion, comprising 45+ fintech companies. Adam holds an MA in Economics from the University of Cambridge.
“As a long-term admirer of Apis I am delighted to be joining and have the opportunity to work with such an amazing team including Uday and Matteo, whom we have known for many years,” said Adam. “With the Technology and Financial Services markets continuing their rapid evolution, it’s a great time to be a growth investor seeking to transform markets through the democratisation and reengineering financial services.”
Theofilos has 20 years of experience in private equity and investment banking and was instrumental at TechFin in leading the brand and team, in addition to sourcing and leading deal execution across the strategy. Prior to TechFin, he was the Global Head of Strategic Principal Investments for Global Markets at Credit Suisse, the bank’s private equity group, focusing on a broad spectrum of financial technology companies. Over the years he ran a portfolio of over 25 companies with more than US$1 billion in assets. Theofilos has also been an external advisor to CVC, the private equity group, advising them on market infrastructure transactions. In addition, he was the Chief Investment Officer of Delta Capita, an owner and operator of capital markets infrastructure. In the past, Theofilos was an M&A banker at Credit Suisse covering TMT and in particular technology for financial institutions and systemic financial infrastructure. He holds an MSc in Enterprise Information Systems and a BSc in Computer Science.
“I am thrilled to join Apis, a hugely dynamic PE firm built by Matteo and Uday with an exceptional track record both in terms of financial returns as well as impactful innovation. This is a time of unprecedented change in the world as macro events accelerate the transformation of financial services with technology as the catalyst. Apis is a unique growth investor who is best placed to drive this market innovation forward,” said Theofilos.
Commenting on today’s announcement, Matteo Stefanel, Apis Partners Co-founder and Managing Partner said: “We are delighted to welcome Adam and Theo to Apis. They bring with them exceptional track records and experience and will be fantastic additions to the firm as Apis continues on the exciting next phase of its growth.”
Udayan Goyal, Apis Partners Co-founder and Managing Partner, added “Matteo and I have followed the careers of Theo and Adam for some time and are thrilled that the time is right for them to join us at Apis. Their extensive experience, domain expertise and deal execution in Apis’ core vertical will be a perfect fit for Apis and we are excited to welcome them to the Apis family.”
About Apis Partners
The Apis Group (“Apis”) is an ESGI-native global private equity and venture capital asset manager that supports growth stage financial services and financial infrastructure businesses by providing them with catalytic growth equity capital. Collectively Apis, through its team of approximately 30 professionals with deep industry expertise, manages or advises on total committed capital from investors (including drawn and invested capital) of US$1.2 billion.
Including its headquarters in London, Apis has representation in seven countries across Europe, North, East and West Africa and South and Southeast Asia. Apis is highly conscious of the developmental impact that the provision of growth capital for financial services and financial infrastructure businesses in growth markets can achieve, and as such, financial inclusion is a core tenet of Apis’ approach and investment mandate. Apis became a signatory to the United Nations backed Principles for Responsible Investment (UNPRI) upon inception of the firm in 2014.