Lehman bring in another DB Capital exec

Macintosh joins the firm from DB Capital Partners, according to a press release. He will work alongside Julian Entwisle, who has been leading the European mezzanine investment team.

Prior to joining DB Capital Partners, Macintosh served at Morgan Grenfell Private Equity. He previously served in Schroders’ investment banking division. At Morgan Grenfell, he was on the team that sold 1,900 pubs to Enterprise Inns, and worked on the acquisition of Coral from Ladbrokes.

“Jon Macintosh’s experience on the buyout side of private equity and his strong track record in structuring creative financings for LBOs is the perfect complement to Julian Entwisle’s skills in analysing credit risk and underwriting leveraged loans,” Paul Brewer, head of European private equity at Lehman Brothers, said in the statement. “Our team will be very well equipped to invest in this exciting asset class.”

This is Lehman Brothers’ second high-profile hire in the past two months. In April, the firm hired Charles Ayres as managing director and head of the firm’s global merchant banking business, where he will oversee the management and investment of the firm’s merchant banking funds.

Ayres joined the firm from MidOcean Partners, the group created for the NIB Capital-backed €1.5bn management buyout of DB Capital Partners’ late stage private equity portfolio. He previously served as the head of North American merchant banking for DB Capital Partners, where he oversaw $1.2bn of investments.

Lehman Brothers entered the private equity business in 1986 and has current committed capital of $4.9bn. The European mezzanine investment division was established in 2002.