James F. Frawley is joining Macquarie Group as Senior MD and U.S. Head of Mergers & Acquisitions. Most recently, Frawley was at FBR & Co., where he served as Head of Mergers & Acquisitions and Head of FBR’s New York investment banking office.
Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY) today announced that James F. Frawley will be joining the firm as a Senior Managing Director and US Head of Mergers & Acquisitions. Mr. Frawley will join Macquarie from FBR & Co., where he served as Head of Mergers & Acquisitions and Head of FBR’s New York investment banking office.
“I am delighted to welcome Jim to Macquarie,” said Rob Redmond, US Head of Macquarie Capital, the firm’s corporate finance group. “Jim’s deep M&A expertise complement our already strong product offerings and will further help us to deliver holistic and customized solutions to our clients.”
Mr. Frawley will bring significant M&A expertise to Macquarie. Prior to joining FBR, Mr. Frawley was the co-founder of Legacy Partners Group Inc., an independent investment banking firm that was acquired by FBR in 2007. Prior to Legacy, Mr. Frawley headed the mergers and acquisitions effort in the global chemicals sector at Credit Suisse First Boston. Mr. Frawley joined CSFB in November 2000 when CSFB acquired Donaldson, Lufkin & Jenrette. At DLJ, Mr. Frawley had served in the firm’s Exclusive Sales Group and was a Senior Vice President in the M&A Group.
At Macquarie, Mr. Frawley will report to Michael Silverton, Head of US Product Banking for Macquarie Capital. “We have a significant amount of transaction momentum with clients across the entirety of our advisory, capital markets and principal investing activities. Jim’s addition to our team further builds on our franchise momentum.”
Mr. Frawley started his investment banking career at The Bridgeford Group, a cross-border M&A boutique. Mr. Frawley then joined The Beacon Group, a merchant banking firm that provided M&A advice and managed several private equity funds. Over the course of his career, Mr. Frawley has covered many industries, including chemicals, packaging, business services, healthcare, manufacturing and financial services. Mr. Frawley earned an M.B.A. from Columbia Business School and a B.A. in Economics and English from the University of Pennsylvania.
“I am really impressed by Macquarie’s growth, commitment and the quality of its people,” Mr. Frawley said. “Over the past few years, Macquarie has been in growth mode while many other firms have been contracting. I look forward to working with Rob, Michael and the Macquarie team to continue the momentum.”
Some of the transactions in which Mr. Frawley has been involved include Pilgrims Pride’s acquisition of GoldKist; the sale of Patriot Capital to Prospect Capital; the sale of Datapath to Rockwell Collins; TMM’s acquisition of Taylor Morrison; the merger of Eggland’s Best with Land o’ Lakes; the sale of Surgery Partners to HIG Capital; and the sale of American Community Properties Trust to Federal Capital Partners. Mr. Frawley will join Macquarie in September.
About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Macquarie’s main business focus is making returns by providing a diversified range of services to clients. Founded in 1969, Macquarie operates in more than 70 office locations in 28 countries and employs more than 14,200 people. Assets under management total approximately $339 billion at March 31, 2012. For more information, visit www.macquarie.com.
About Macquarie Capital
Macquarie Capital comprises Macquarie Group’s corporate advisory, capital markets and principal investing capabilities. Macquarie Capital’s expertise spans a variety of industry sectors including telecommunications, media, entertainment, gaming, financial institutions, industrials, energy, resources, real estate, infrastructure, utilities and renewables.