City boss to lead ‘social’ investment

Subject

Business

Description

Damon Buffini, one of Britain’s most powerful businessmen, has launched a bid to support hundreds of Britain’s social enterprises. The private equity boss has formed the Social Business Trust (SBT) with the aim of investing both cash and City expertise in the social sector. Buffini, who grew up on a council estate in Leicester before being educated at Cambridge University and Harvard Business School, says he wants to “give something back”. With an estimated personal fortune in excess of £100m, Buffini stepped down last year as chairman of Permira, which he built into one of Europe’s largest private equity firms.

Creator

Tom Bateman

Source

http://news.bbc.co.uk/today/hi/today/newsid_9276000/9276531.stm

Publisher

news.bbc.co.uk

File

Leave a Reply