Ian Davis, former global managing director of consultancy McKinsey & Company, is to join Apax Partners. He will advise chief executive officer Martin Halusa on moving the global buyout group to the “next phase of its international growth”.
Davis has run McKinsey since 2004, having previously led the firm’s UK operations. He has been at the firm for nearly 30 years and formerly ran the firm’s consumer industries practice.
At Apax, he will fill a newly created role as senior adviser – based in London – liaising with Halusa on the firm’s long-term growth strategy.
Apax recently inked its first ever deal in Brazil, acquiring a 54 percent stake in Tivit, an integrated IT and BPO services company, for $1 billion. Halusa described the deal as advancing the firm’s “global strategy of investing in large companies that have strong, established market positions and the potential to expand.”
Davis’ role at Apax will be distinct from other advisory positions. These have historically been filled by industry specialists who aid Apax’s sector teams in sourcing deals and managing portfolio companies.
“Ian has exceptional experience in meeting the challenges of creating a global professional services firm,” said Halusa in a statement. “We look forward to harnessing his strategic vision as we move Apax Partners into the next phase of its international growth.”
Davis, who will retire from McKinsey in July, is also a non-executive director of BP.