Close Brothers Corporate Finance, the European corporate finance and debt advisory firm formerly owned by Close Brothers, has changed its name to DC Advisory Partners. The name change follows the group’s acquisition by Daiwa Capital Markets in July 2009.
Close Brothers has been a prominent name in the European private equity mid-market with recent mandates including advising Triton on its €850m acquisition of Nordic Hospitals Group and Warburg Pincus on its acquisition of Survitec for £280 million (€308 million; $422 million) from Montagu Private Equity.
The group also recently advised Advent International on its acquisition of pension payment business Xafinity and its sale of discount retailer Poundland to Warburg Pincus.
DC Advisory Partners’ debt advisory and restructuring team is currently advising on over 21 mandates for both borrowers and lenders across Europe, the group said in a statement.
DC is headed by Stephen Aulsebrook, who has been with the firm since 1996. His private equity clients have included Permira, Warburg Pincus, Cinven and The Blackstone Group. He was formerly president of merchant bank Hill Samuel in New York.
The Blackstone Group’s European head of restructuring and reorganisation, Martin Gudgeon, is a Close Brothers alumnus, having headed up the group’s restructuring practice until his departure in 2007.