Brown Brothers Harriman & Co. is appointed Douglas L. Maine as a Senior Advisor to the firm. Maine will work with BBH’s Investment Management division with specific emphasis on private equity investing and will also assist BBH’s M&A advisory business. Maine was formerly CFO of MCI Communication and IBM Corp.
Brown Brothers Harriman & Co. (“BBH”) is pleased to announce the appointment of Douglas L. Maine as a Senior Advisor to the firm. Mr. Maine will work with BBH’s Investment Management division with specific emphasis on private equity investing and will also assist BBH’s M&A advisory business.
Mr. Maine joined IBM Corp. in 1998 as Chief Financial Officer, following a 20-year career with MCI Communication Corp., where he was CFO from 1992-1998 and President of its 14-state Southern Division from 1990-1992. He was named General Manager of ibm.com in 2000 and, in 2003, was named General Manager of IBM’s Consumer Products Industry. Mr. Maine retired from IBM in 2005.
Robert R. Gould, BBH Partner said, “Successful private equity firms bring tremendous resources to the task of evaluating potential investments and adding value after the initial investment. Doug Maine’s knowledge and experience will enable him to make an immediate contribution in both areas, and we are very pleased to have his assistance at this critical time.”
Mr. Maine added, “I am very excited to be affiliated with Brown Brothers Harriman. The firm’s longstanding reputation of exceptional service and utmost integrity are very important to me. During my business career, I have worked with most of the top investment banking and private equity firms, and the professionals at BBH are among the best.”
Mr. Maine serves as a Director and Chairman of the Audit Committees of Alliant Techsystems (NYSE: ATK) and Rockwood Holdings Corporation (NYSE: ROC). He is also a Director and member of the Audit Committee of BroadSoft, a privately held provider of VOIP software applications to telecom service providers. Mr. Maine currently sits on the Board of Long Lines, LLC, a BBH portfolio company, and will be joining the Board of Noble Systems Corporation, the most recent investment of one of BBH’s proprietary funds.
About Brown Brothers Harriman & Co.
Founded in 1818, BBH is the oldest and largest privately held bank in the United States. BBH is organized as a limited partnership and serves clients globally in three key lines of business: Banking & Advisory, Investment Management and Investor Services & Markets.
BBH Capital Partners (“Capital Partners”) typically invests $10 million to $30 million of one-stop junior capital in lower middle market companies in a variety of transactions including management or leveraged buyouts, growth financings, recapitalizations and acquisitions. Typically, Capital Partners seeks to invest in companies with enterprise values ranging from $20 million to $200 million. By investing in a variety of subordinated debt and equity securities in control and non-control transactions, Capital Partners offers highly customized financing solutions for companies seeking capital.
As part of BBH’s Global Advisory practice, the M&A Advisory Group is focused on advising public and private companies at the forefront of their respective industries. The group possesses deep knowledge across several verticals, including energy, healthcare, infrastructure, software and technology enabled services and telecommunications.
BBH operates a global business with sixteen locations, including New York, Boston, New Jersey, Philadelphia, Charlotte, Chicago, Dallas, Wilmington, London, Dublin, Luxembourg, Zürich, Grand Cayman, Hong Kong, Beijing and Tokyo.
For more information about Brown Brothers Harriman, please visit www.bbh.com.