Private equity firm LGV Capital said that Ivan Heywood will succeed Adrian Johnson as its CEO. Johnson joined LGV in 1989 from 3i, where he spent six years specialising in venture capital and project finance. He was appointed CEO of LGV in July 2000.

Heywood joined LGV in October 1990 as a managing director. Previously, he served in the corporate finance division of Price Waterhouse.

“I am delighted at this opportunity,” said Heywood. “We have an outstanding team, which is well placed to take advantage of the attractive market conditions for private equity investing which we expect to have over the next few years.”

LGV is a operates in the U.K. mid-market p.e. space.