Private Equity

What went wrong at Doughty Hanson

News Analysis: Poor performance, concerns over co-founder control and departures plagued the UK mid-market firm

Doughty Hanson is based on London's Pall Mall (Getty Images)
Doughty Hanson is based on London's Pall Mall (Getty Images)

When Doughty Hanson announced on Tuesday it was abandoning its fundraising efforts, links were inevitably made with the death of Nigel Doughty a few years before.

After all, the co-founder's sudden demise and the subsequent succession process shook the firm and preceded various senior departures.

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