Macquarie Capital strengthens leveraged finance effort with senior appointment
New York, 16 Apr 2018
Macquarie Capital, the corporate advisory, capital markets and principal investment arm of Macquarie Group, today announced the appointment of Adam Hoffman as a Managing Director in its leveraged finance business. Based in New York, Mr. Hoffman will report to Andy Stock, Co-Head of Sales and Trading, Americas at Macquarie Capital.
Mr. Hoffman joins from HSBC Securities, where he served as Head of Loan Trading, North America establishing the firm's loan trading business in the region. He brings more than 14 years of trading experience, primarily as a market maker across all loan sectors. Prior to HSBC, Mr. Hoffman was a loan trader at Morgan Stanley. Throughout his career, he has built and expanded loan trading platforms in order to deliver institutional investing clients a wider array of solutions.
"Adam is well respected by institutional investors for his deep technical understanding of the syndicated loan market, his understanding of investor needs and his ability to provide liquidity to market participants.” Mr. Stock said. “As client demand for leveraged products continues to grow, it is important that we broaden our capabilities and distribution platform, and Adam brings significant expertise and leadership to help us accomplish this.”
Macquarie Capital’s leveraged finance business experienced significant growth since its inception, recently marking a record level of activity. Macquarie Capital has held leading positions in Bloomberg’s 2016 and 2017 rankings for US syndicated LBO bookrunners in the technology sector.
Notable recent transactions include: lead bookrunner on a senior secured credit facilities backing the acquisition of Vistage by Providence Equity Partners, sole bookrunner on an incremental first lien term loan for Corsair Components backing a shareholder dividend, joint bookrunner on a First Lien Term Loan extension and Incremental Term Loan raise for The Stars Group backing two acquisitions and the refinancing of a second lien term loan and joint bookrunner on a first lien term loan backing the acquisition of Weld North Education by Silver Lake Partners.
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About Macquarie Group
Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs more than 13,900 people in over 27 countries. At 30 September 2017, Macquarie had assets under management of $US371.3 billion. For more information, visit www.macquarie.com.
About Macquarie Capital
Macquarie Capital combines grounded thinking with innovative approaches to develop transformative ideas and realize greater possibilities for our clients - our partners. We look beyond convention to connect our clients with ideas and opportunities others don’t see, while our global platform, specialized expertise and comprehensive services allow us to deliver what others can’t.
Our capabilities encompass corporate advisory and a full spectrum of capital solutions, including capital raising services from equity, debt and private capital markets and principal investments from Macquarie’s own balance sheet. These offerings are reinforced through our deep sector expertise in aerospace, defense and government services, consumer, gaming and leisure, financial institutions, infrastructure and energy, real estate, resources, services, telecommunications, media and technology sectors across the US.