Bourn will provide leadership to Baird’s existing coverage of financial sponsors and enhance the quality and breadth of our insights to entrepreneurs, companies and private equity firms alike.
Prior to joining Baird, Bourn was a Partner at AAC Capital where he was responsible for originating and executing new investments, managing a portfolio of companies within AAC’s pan-European fund and serving on the fund’s Engagement and Investment Committee. During his eleven years at AAC Capital, Bourn worked on MBOs, debt and equity restructurings and public-to-private transactions, as well as numerous disposals. Prior to AAC, Bourn spent three years as a Director in Credit Suisse First Boston’s Acquisition and Leveraged Finance Group where he arranged debt packages for MBOs on behalf of a number of private equity groups including KKR, Apax, 3i, TPG and Hicks Muse, among others.
'Jonathan’s experience within private equity and in acquisition and leveraged finance give him an enviable set of skills and contacts to support and enhance our advisory services to private equity firms. We are delighted that he has joined our team', said David Silver, Head of Baird European Investment Banking. 'Baird has excellent momentum within its investment banking business globally, with notable success working with private equity clients, on both buy and sell-side mandates. With Jonathan’s leadership, we anticipate building on those successes'.
Chris Coetzee, Head of Baird’s Financial Sponsor Group, added: 'Baird has completed transactions with more than 200 different private equity firms in North America, Europe and Asia in the past three years. Jonathan's addition is critically important to continuing to provide the best service to our private equity clients through our integrated global model'.
A significant portion of Baird Investment Banking’s deal flow comes from private equity firms. Since the beginning of 2011, Baird has announced 121 M&A deals, with a total dollar volume of $24.3 billion. 86 of those deals involved private equity firms, representing $18.2 billion in dollar volume. In that same time frame, Baird underwrote 40 equity deals involving private equity-backed companies, raising $14.2 billion.
Some of Baird’s recent, notable M&A deals involving private equity include: Investcorp’s acquisition of GL Education, the sale of Helly Hansen for Altor to Ontario Teachers, the sale of Qundis for Capcellence to HgCapital, the sale of Intellegrated to Permira, the sale of Olaer for Gresham to Parker Hannifin, the sale of M&C Energy for Lyceum Capital to Schneider, the sale of Spheros to Deutsche Beteiligungs AG and the recently announced sale of NES Global Talent, a portfolio company of Graphite Capital to AEA Investors.