Brunswick Group takes on new strategic partner and shareholder
Global strategic advisory firm, Brunswick, has announced it is welcoming US-based merchant bank BDT as a new long-term strategic investor. BDT will take a 10.7 per cent stake in Brunswick, valuing the firm at a reported GBP500 million.
Brunswick also announced a cash distribution to Partners of GBP140 million, and an GBP18 million one-off payment to staff. In addition, the Brunswick Leadership Team announced the company would adjust its capital structure under a single UK-based private company and create a new equity distribution scheme for Partners.
In a note to Brunswick staff, Sir Alan Parker, Founder and Chairman of Brunswick, said the changes are occurring “because we want to be able to invest more and more consistently for the long term - most particularly in talent and the development of our people at all levels of the firm.” Brunswick operates offices across APAC, including in Sydney, Singapore, Hong Kong, Beijing, Shanghai and Tokyo.
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