New York, 15 August 2016
Macquarie Capital, the corporate advisory, principal investing and capital markets arm of Macquarie Group (“Macquarie”) (ASX: MQG; ADR: MQBKY), today announced the appointment of Sam Shah and Raghu Velamati as Managing Directors in its U.S. Technology, Media Telecom Group (“TMT”) for Macquarie Capital. Mr. Shah and Mr. Velamati will be based in Macquarie’s Chicago office.
Mr. Shah brings significant investment banking experience with a specific focus on M&A advisory, capital markets and leveraged financed transactions within the Knowledge and Business Services industries. He joins Macquarie from Credit Suisse, where he held a number of senior leadership positions most recently as Managing Director and Head of Knowledge Services and Technology. Mr. Shah led franchise coverage at Credit Suisse globally since 2010 and executed on more than 50 transactions including the $350 million IPO of Nord Anglia and the sale of Relias Learning to Bertelsmann.
Mr. Velamati also joins Macquarie Capital from Credit Suisse, where he focused on M&A, leveraged loans, private placements and equity transactions within the Knowledge Services and Technology, Business and Consumer Services and Industrials sectors. Mr. Velamati participated in a number of transactions in the Knowledge Services and Technology space, including Rhone Capital’s acquisition of Global Knowledge and Hellman & Friedman’s $1.1 billion acquisition of Renaissance Learning.
"We are extremely pleased and excited to have Sam and Raghu join our growing Technology, Media and Telecom practice,” said David Dorfman, Senior Managing Director and Head of TMT for Macquarie Capital in the U.S. “They both bring a wealth of technical expertise, knowledge and senior relationships across a broad range of Knowledge Services and Technology clients. Their exceptional track record and experience will be of immediate benefit to our clients and further advances Macquarie Capital’s U.S. and global TMT banking efforts."
Mr. Shah received his BS from Tufts University. Mr. Velamati received his MBA from The University of Chicago Booth School of Business and a BS from the University of Illinois at Urbana – Champaign.
The appointment of Mr. Shah and Mr. Velamati in Chicago further strengthens Macquarie Capital's global Technology, Media and Telecom offering and complements the senior TMT appointments of Scott Bruckner as Senior Managing Director based in New York and Ben Bailey as Head of TMT for Europe. It also follows the recent hiring of Jeremy Parker, who joined Macquarie Capital as Managing Director leading coverage of Aerospace and Defense and Brady Parish, Head of U.S. Oil & Gas based in Houston.