Ex-GUS chief gets Euro role at Palladin Capital

Former GUS executive Alan Taylor has been appointed European managing director of GB Palladin Capital, retail SWAT-team Gordon Brothers' private equity business.

Store groups in need of a turnaround are likely to be at the top of Taylor's investment list. Retailers with an enterprise value of EUR100 million (£68.4 million) or more will be of most interest to Palladin, which boasts of being able to 'invest in troubled situations'. Taylor said Palladin would look at equity investments of between e 5 million (£3.4 million) and EUR30 million (£20.5 million).

Negotiations are already under way about potential partnership transactions with other investment firms.