Alasdair Warren, the former head of EMEA investment banking at Deutsche Bank and a former partner and co-head of the financial sponsors group at Goldman Sachs, may have left banking but he's putting his M&A skills to good use all the same and is building a small entertainment empire in Bridport, a Dorset seaside town.
Warren left Deutsche Bank in June 2018. Three years earlier, in 2015, he bought an old cinema in Bridport for £550k, and then had to spend another £1m renovating it. In June 2019, Warren made another local purchase of the Pymore Inn, an 'entertainment pub' just outside the town.
Now, he's reportedly returned to the town centre and has purchased the building housing the local arts centre (an independent charity) for an indeterminate amount. Now that Warren owns the cinema and the arts centre, the buildings will reportedly, 'work closely together to offer a programme tuned to the characteristics of the two different venues.'
Warren, who grew up in Dorset, said that he plans to invest in the arts centre building in the same way that he invested in the cinema building, suggesting that 15 months after leaving banking he still has plenty of spare cash. When he joined Deutsche from Goldman Sachs, Warren was said to have moved on a large multi-year guaranteed bonus, although he subsequently denied this in an interview with Handelsblatt.
Buying Dorset entertainment venues is not Warren's only occupation now that he's no longer in the City. He also the director of a Turkish Soda Ash mining company that mines 2.8 million tonnes of soda ash each year from a facility in Green River, Wyoming in the U.S.. - Call it a 'portfolio career.'
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