Mark Birkett adds to the firm’s rapidly expanding global practice.
Livingstone is pleased to announce the addition of Chicago-based Managing Director Mark Birkett. He joins the firm from William Blair, where he was a Director in their Capital Advisory Group.
Birkett brings over a decade of Debt Advisory and mid-market lending experience to Livingstone and looks forward to enhancing the firm’s network of private equity-backed and entrepreneur-owned businesses, and its experience with capital providers around the US and the globe. Together with Debt Advisory Partner Tom Lesch, Birkett will focus on raising $20-200 million debt facilities for clients across all sectors.
“As an independent advisor not affiliated with specific lenders, Livingstone has a unique ability to source capital solutions from a variety of traditional and alternative lenders that can be customised to a client’s unique requirements,” said Birkett. “The amount of liquidity in the lower middle market will continue to drive meaningful financing activity in 2016 and beyond.”
In recent months, Livingstone’s global Debt Advisory team has built on its extensive track record of securing attractive financing solutions for private equity clients. Livingstone recently announced the raising of a new credit facility for Calvert Street Capital Partners’ portfolio company Premium Inspection and Testing. “As regulatory pressures evolve, and new debt structures enter the marketplace, we continue to see more financial sponsors relying on Debt Advisory services to bring a range of options to the table,” said Lesch.
“Financing activity across the mid-market remains robust and so is our pipeline. I look forward to working alongside Mark as we continue to serve a variety of clients across the mid-market,” added Lesch.
Livingstone’s Debt Advisory team continues to build an extensive track record of securing attractive financing solutions for private equity clients. “We recently announced the raising of unitranche debt facilities for MML portfolio company CLEAN Linen Services to acquire Paragon and fund future acquisitions,” said Bill Troup, Managing Director, Debt Advisory.
“As more credit providers join the market and competition increases more innovative debt structures are available. We continue to see more financial sponsors and corporates relying on Debt Advisors to explore their debt options quickly and efficiently,” Troup added.
Prior to joining William Blair, Birkett spent eight years at GE Antares Capital, underwriting leveraged loans in support of PE buy-outs, recapitalisations and refinancings. He began his career as a Financial Analyst at Raytheon Company.
Birkett becomes the latest addition to Livingstone’s growing US team, which recently announced the hiring of Houlihan Lokey veterans Managing Director Michael Jenny in Chicago and Partner Brennan Libbey who head-up Livingstone’s new office in Los Angeles.
David Sulaski, Partner at Livingstone commented: “This exceptional period of growth for our firm emphasises the resilience of the mid-market and Livingstone’s strong reputation as a trusted advisor. We will be announcing other significant appointments in the coming weeks.”