Angels mourn the death of David Beer
David Beer, one of the leading lights of the business angel world and the founder of what is arguably one of its most important organisations has died.
Beer passed away on Friday, December 1 after suffering a heart attack, he was 60-years-old.
In 1991, after spending much of his life working in the city, he founded Beer & Partners after spotting the unfulfilled need of unquoted companies for investment.
Beer’s company brought a new and professional approach to an industry which was at that time an unknown quantity in the eyes of many financiers.
Under his leadership, Beer and Partners has developed into one of the country’s most reputable investment organisations, and has helped thousands of new businesses find funding.
In more recent years, Beer has taken on the roles of director and shareholder of Capital Exchange, a specialist publisher for unquoted investments.
He has also worked with LINC in the South East and remained as the chairman of Beer and Partners until his death.
In a statement the company said: “It is with very great regret that we have to tell you that David Beer died suddenly on Friday 1 December following a heart attack.
“Our thoughts and deepest sympathies are with David’s wife, Jane, and their children, Victoria, Roderick, Euan and Christopher at this desperately sad time.
“David was, of course, the founder of the firm that carries his name, and has been the driving force behind the development of Beer & Partners to bring us to our leadership position in the UK business angel investment market.
“We are all certain that David would have wanted to see the firm continue to prosper without him, and this will be the finest tribute we can all pay to his memory.”
Beers and Partners has been considering appointing a managing director for some time and was due to make a decision on December 1, the day that Beer died.
The company has now appointed Mike Weaver to take on the role and has also added Angus Milne to the board.
“For some time the Board has been discussing the appointment of a managing director and, indeed, on the very day David died, the board was due to meet to make this appointment,” the statement continued.
“Both these appointments add strength and depth to the company’s senior management and we look forward to the contribution that they will both make in their new roles.”
© Crimson Business Ltd. 2006