Maples and Calder Names New Head of Global Private Equity Group

Oct 21 2010 | 12:38pm ET

Law firm Maples and Calder has named Iain McMurdo as the head of the firm's global private equity group.

According to the Maples and Calder, it has been a busy year for its PE group. To date in 2010, it 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.

"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,"  said McMurdo. "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."

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."

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