Daily News: October 7, 2014

Macquarie Appoints Handen as Senior MD

Macquarie Capital announced the appointment of Larry Handen as a senior managing director in the U.S. Principal Transactions Group, led by Duncan Murdoch. He will work closely with industry groups across Macquarie Capital in providing capital solutions to clients, with a focus on growth companies.

Handen joins Macquarie Capital from Insight Venture Partners, a growth equity and venture capital firm, where he served as managing director. Handen also served as a general partner at UBS Capital, where he led the firm’s Software, Internet & Services Group. Previously, he was a partner with PricewaterhouseCoopers Consulting. He brings more than 25 years of experience in the software, Internet and technology services industries as a principal investor, operator and consultant.

“We are excited to welcome Larry to Macquarie,” said Michael Silverton, head of Macquarie Capital for the US and Latin America. “Our principal investing platform delivers unique, tailored capital solutions to clients globally and continues to be a differentiating factor for our business. Larry’s knowledge, insights and relationships will add immediate value to the team, particularly as we look to support emerging growth companies.”

Alex Harvey, global head of Principal Transactions, added “Larry provides Macquarie with deep principal investing and transaction expertise as well as an impressive track record as an investor across a number of industries. We worked closely with Larry on our investment in 3P Learning, an online education company. Macquarie Capital co-invested with Insight in 3P Learning and exited via an IPO earlier this year. His expertise and knowledge will provide us with increased opportunities to grow our principal investing business globally.”

During his career Handen has been involved in more than 125 M&A and equity financing transactions. Some of Mr. Handen’s former investments include Primavera (acquired by Oracle), Greenfield Online (IPO acquired by Microsoft), Netsmart (acquired by Genstar Financial), Guardant (acquired by VeriSign), DivX (IPO acquired by Rovi), Commvault, SecureInfo (acquired by Kratos Defence), Digital Harbor (acquired by Norkom Technologies), Beatport (acquired by SFX Entertainment), Entercept (acquired by MacAfee), and Dynamicsoft (acquired by Cisco).

Representative PTG transactions include a growth capital investment in Basin Tools, an oilfield equipment manufacturer; a principal investment in Cenveo, a $1.9 billion print company; an equity investment in PSAV to support its acquisition of Swank Audio Visual; and an equity investment to support a consortium led by Kenner & Co. in its $607 million acquisition of Dynacast, a global manufacturer of metal components.