Taking up the newly created position last week, Whineray will oversee the team covering the bankÆs private equity clients. He will be based in Hong Kong and will report to Paul Raphael, head of investment banking for Asia-Pacific ex-Japan, and Harold Bogle, head of the financial sponsors group globally.
ôAsia has seen record levels of M&A, as well as capital markets activity in 2007, which is in line with rising private equity activity in the region,ö says Raphael. ôMatt is an important addition to our sponsor coverage team, which is growing in order to meet the requirements of our private equity clients globally and within Asia-Pacific.ö
At First NZ Capital, Whineray provided advisory services on buy-outs to some of New ZealandÆs largest companies. Prior to that, he worked with Credit SuisseÆs leveraged finance group in New York as a vice president. He had also worked with the bank in Auckland.
Traditionally it has been private companies that have approached investment banks for services related to initial public offerings or mergers and acquisitions. Increasingly, however, it is the private equity and venture capital firms with investments in private companies who are seeking these services.
Credit Suisse is active in this space and has been involved in several substantial transactions recently, including CVC Asia PacificÆs $3.5 billion purchase of a 50% stake in PBL Media in Australia, Indochina Capital's $455 million IPO on the London Stock Exchange and KKR's $713 million leveraged buy-out of precision engineering firm MMI in Singapore.
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