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 […]
Private equity player Advent International has hired a new director to lead the business development of its India operations. Shweta Jalan joins Advent from ICICI Venture in Mumbai where she was also director. Jalan has experience in investments, portfolio management, exits, fundraisings and managing relationships with institutional investors. Prior to ICICI, she spent a year […]
PE firm recruits healthcare and financial services exec
Central and Eastern Europe’s oldest private equity firm, Enterprise Investors, has opened its office in Prague and appointed Ivan Jakubek to lead its operations. Jakubek joined EI in 2005 and is responsible for business development in the Czech and Slovak Republics. He has more than seven years of experience in private equity, corporate finance, consulting […]
Directorbank recruits German director
Having recently backed the £20.75m management buyout of celebrity, music and sports agent Formation Group, mid-market private equity firm Gresham Private Equity has hired Anthony Bull as partner in its investment team. Bull joins from Tokyo-based Mitsui Private Equity where he was principal. Prior to Mitsui, he spent 10 years at 3i and LDC. Bull […]
The Irish Venture Capital Association has elected John Tracey, CEO of publicly quoted investment company TVC Holdings, as chairman. He succeeds Joe Concannon, investment director with the venture capital division of Bank of Scotland (Ireland). Tracey has over 20 years of experience in venture capital and previously worked in the semiconductor industry. With only 16 […]
The private equity arm of Lloyds Banking Group, LDC, has appointed Tony Norwood as investment director in its Yorkshire office. Joining from Bank of Scotland, Norwood’s will be part of the four-strong deal team that will invest the remainder of the £250m LDC has allocated investments in 2009. So far this year, the mid-market firm […]
Keith Grinstein, 48, a general partner with Second Avenue Partners and strategic advisor to Madrona Venture Group
9/11 Memorial, One World Trade Center
Lane MacDonald was staring at a conference room monitor at Boston-based Alta Communications as the first news reports of the Sept. 11 attacks began streaming in. Few specifics had been provided, but MacDonald was already uneasy about the safety of his colleagues. “When I first heard the reports, I had some concern because we almost […]
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