Lionel Pincus, founder and former chairman of buyout firm Warburg Pincus LLC died on Saturday, Oct. 10 in New York after a long illness, the firm said. He was 78. Pincus led efforts in the 1970s to change regulations that allowed pension funds to invest in venture capital and private equity funds, bringing new capital […]
Adam Applegarth, former CEO of failed U.K. bank Northern Rock, has joined Apollo Management as a senior advisor to the firm’s European fund. Akhil Awasthi has joined Tata Capital as managing partner of its new private equity fund. He previously was a partner with Baring Private Equity Partners India. Alvarez & Marsal has added nine […]
Craig Johnson, founder of Virtual Law Partners, dies
Noted angel investor dies at the age of 72
UK investment firm LMS Capital has appointed David Verey as non-executive director. Verey was previously chairman of Blackstone Group UK where he remains as a member of its international advisory board. Prior to Blackstone, he worked for Lazard Brothers for 28 years, becoming chief executive in 1990 and chairman two years later. He is also […]
Merrill Lynch’s private fund placement team is to spinout to launch Mercury Capital Advisors next month. The departure of the three executives, namely, Michael Ricciardi, Enrique Cuan and Alan Pardee, comes following the decision by Bank of America to wind down the placement business. Mercury Capital will comprise of 24 executives and be led by […]
PE firm recruits healthcare and financial services exec
Directorbank recruits German director
Marking the seventh addition to the firm’s operating programme in 2009, Advent International has recruited Michael McShane to focus on investment opportunities in the oil, gas and equipment sector. Prior to joining Advent, he was chairman and chief executive officer of stem manufacturer Grant Prideco for six years. Before Grant Prideco, McShane was the chief […]
Nordic investor CapMan has made three promotions to its 150-strong team following the recent closure of three of its funds. Hans Christian Dall Nygård and Joakim Rubin have been appointed as senior partners and Mari Maunula as fundraising manager. Dall Nygård was the former managing director of Russian private equity house Norum which was acquired […]