DC Advisory makes eight new hires in Manchester
DC Advisory has doubled its team in Northern England with the addition of eight new hires in the last 12 months into its Manchester office.
New hires include Anthony Greensmith as Vice Chairman (previously of Montagu Private Equity), Andrew Claymore as Managing Director of Financial Services in the UK, Rob Jones joins to head up the Capital Advisory offering across the North of England and Ben Jones as Origination Lead for the Manchester office. This is in addition to four junior members joining the team including Luka Hennin, Charlie Tuttle, Tom Street and Jimmy Warburton.
These hires are unsurprising given recent studies which show that Manchester has more private equity firms with permanent staff than any other city in Europe, apart from London, with 16 funds now situated in the city targeting investments in companies with a GBP5m-plus EBITDA. Previously known as the heart of industrialism, Manchester has successfully modernised with manufacturing adapting to now include elements of technology and services, which has opened new avenues for investment in the area.
Richard Pulford, Managing Director, DC Advisory UK, says: “Manchester is one of the leading areas for PE investment in Europe and in order to continue to provide the Right Advice for our clients, strategic hires were needed to meet demand. This growth ensures DC remains a key player in the mid-market space and utilises deep sector knowledge to provide seamless advice to our clients.”
Growth is the word of the year for DC Advisory globally, with the acquisition of two boutique investment banks in the US last year and Spanish investment bank Montalbán in January 2019. The firm also launched a Milan-based office at the beginning of September, appointing Alberto Vigo, previously of Mediobanca, as country lead, and Giuliano Guarino, previously of Lazard, as Managing Director.