Maples and Calder Announces New Head of Global Private Equity Group
Maples and Calder is pleased to announce that Iain McMurdo has recently been appointed as the head of its Global Private Equity Group.
Recognised as a leading funds and corporate lawyer, Iain's appointment comes at a particularly exciting time for the firm. To date in 2010, Maples and Calder has advised on the formation of 43% of all new Cayman Islands Exempted Limited Partnerships, the preferred offshore vehicle used for structuring private equity funds. The firm also advised on the formation of three of the eight largest private equity funds with final closings in 2009.
Iain noted that in Cayman, "We have seen a steady rise in the number of private equity funds formed in 2010 compared with 2009. As the global economy continues to stabilise and recover from recession, we are experiencing an increase in fund formations and down-stream transactions." Iain continued, "The Maples Group is uniquely placed to offer clients the choice of structuring private equity funds in the British Virgin Islands, the Cayman Islands, Ireland or Luxembourg from our offices based in these jurisdictions. Our additional offices in Dubai, Hong Kong, London and Montreal ensure that we are able to respond seamlessly to clients from the location that best suits their needs."
In addition to our legal services, our affiliate, MaplesFS, offers specialised fiduciary and administration services to private equity funds and their managers. Their industry experts work closely with Maples and Calder lawyers in a business model that adds value and provides a comprehensive service.
Henry Smith, Global Managing Partner, said "Iain is leading an extremely strong and talented team of private equity lawyers who have worked hard to establish Maples' leading position in the Cayman, Irish and BVI markets acting for private equity managers, institutional investors and their external legal advisers. We have a unique view of the market and are well positioned to spot industry trends and advise our clients."