Macquarie Capital appoints UK PE head

The investment arm of Macquarie Group has hired private equity banking veteran Jacques Callaghan as head of UK financial sponsors.

Macquarie Capital, the corporate advisory, private capital markets and principle investment arm of Macquarie Group, has appointed Jacques Callaghan as senior managing director and head of UK financial sponsors, according to a statement from Macquarie.

He joins from investment bank Canaccord Genuity, where he worked as co-head of European investment banking and head of financial sponsors, a position that he also previously held at Hawkpoint for 14 years, before it was acquired by Canaccord Genuity.

During his tenure, Callaghan built up the bank’s private equity practice and advised financial sponsors and their investment companies on mergers and acquisitions, disposals and IPOs, according to the statement.

He advised clients on more than 100 transactions totalling over £20 billion ($28 billion, €26 billion), including the listing of Foxtons and Patisserie Holdings, alongside the acquisitions of Adelie by HIG Capital and Opsec by Investcorp. Notable exits he was involved in include the 2014 sale of forex provider Moneycorp from SOF Investments to Bridgepoint for £212 million.

Callaghan will report into Daniel Wong, head of Macquarie Capital Europe. “Jacques’ arrival and the establishment of a dedicated UK financial sponsors group represents an important step in the growth of our European business,” said Wong.

Jacques’s hire is the second made by Macquarie Capital in recent months and follows the appointment of Hugh Briggs as head of principal transactions for Europe in December 2015.

Macquarie Capital has 1,157 staff located in offices across the US, Europe, Asia and the Middle East. Since 2008, Macquarie Capital has invested approximately £2 billion globally across a range of industries, structures and jurisdictions.

Macquarie Group is an independent asset management institution and investment bank, based in Sydney, Australia, that manages specialist funds owning assets in infrastructure, real estate, private equity and development capital.