People Moves

When a new private equity firm is born, a new back office system needs to grow up alongside it. Australia's Ironbridge Capital found this to be ‘extremely complex.’ By Andy Thomson

INDUSTRY FRONTLINE 2005-12-01 Staff Writer Alvarez & Marsal recruits PE proGlobal turnaround consulting firm Alvarez & Marsalhas hired Jack McCarthy as managing director and co-head of the firm's transaction advisory group. Based at A&M's New York office, McCarthy w

RAISING ELEVATION PARTNERS' DEBUT FUND INVOLVED HELPING LPS GET COMFORTABLE WITH A ROCK STAR.

LOVE ‘EM OR HATE ‘EM, SLOWLY ’SPECIAL PURPOSE ACQUISITION COMPANIES’ (SPACS) ARE STARTING TO GAIN SOME RESPECT. BY KEN MACFADYEN

THE RECENTLY EFFECTED CIRCULAR 75, WHICH REGULATES OFFSHORE VEHICLES INVESTING IN CHINA, IS ‘MORE WORKABLE’ THAN RULES ISSUED EARLIER THIS YEAR.

SORENSONCAPITAL IS, BY DESIGN, HEAVY ON STAFF AND OPERATING EXPENSES.

?What forms of training do you provide new associates?? 2005-11-01 Staff Writer Kleinwort Capital has a program that comprises technical, regulatory and personal skills training and development. Initially we focus new recruits on achieving FSA threshold competency, the specifics of which are dependent on the

Since joining Sydney-based buyout firm CHAMP Private Equity as CFO in October 2001, Barry Zuckerman has had a big impact on Down Under private equity. He was instrumental in the introduction of new valuation and reporting guidelines by the Australian Venture Capital Association (AVCAL), and also played a key role when CHAMP raised its latest A$750 million ($568 million; €468 million) buyout fund earlier this year. Early in his career, Zuckerman had spells in the audit divisions of Ernst & Young and PricewaterhouseCoopers before joining Howard Group, an Australian Stock Exchange-listed fund manager and finance company, in 1992 as CFO and company secretary. In 1998, when Howard Group was taken over by Challenger International Limited, a boutique fund manager, Zuckerman became CFO of the combined entity. Over the next three years, the group acquired 13 businesses and grew its staff numbers from 30 to 750. Zuckerman recently spoke with Private Equity Manager about the initiatives he has undertaken, the challenges he has faced and the business structure he has helped build at one of Australia's leading private equity operations.

Chinese companies are gradually waking up to Western standards of corporate governance, but there is much progress still to be made - and investors must tread carefully. By Andy Thomson

The use of pre-acquisition check-the-box elections can accomplish important tax planning goals for private equity funds making foreign acquisitions. By Steven Bortnick