Lincoln International Turns to Health Care
Investment bank brings in three veterans from GCA Savvian Advisors to spearhead the new effort
January 19, 2010
Lincoln International is the latest to target health care, tapping three veterans from boutique investment bank GCA Savvian Advisors to spearhead the new effort. Shahab Fatheazam was named as managing director, while Tony Crisman and Ross Gordon were brought on as vice presidents.
Lincoln chairman Jim Lawson, in a statement, said he expects to see "significant increases" in healthcare M&A, thanks in part to recent healthcare reform efforts in Washington.
Already, health care seems to be among the more active areas for deals, as 2009 saw Pfizer buy Wyeth, Merck acquire Schering-Plough and Roche take over Genentech. In the middle market, activity has been just as robust in the sector. In the last few weeks alone, HIG Capital acquired Surgery Partners, Jordan Co. acquired Zest Anchors, and Genstar's Univita Health platform picked up rival Atenda Solutions.
Others too have made recent personnel moves to channel the activity. Private-equity firm General Atlantic, for instance, brought in Schering-Plough veteran Brent Saunders as a special advisor, while BMO Capital Markets, in December, tapped Jefferies veteran Michael Neuberger to build out its health care team.
Prior to GCA Savvian, Fatheazam spent time at Vector Securities International, which was acquired by Prudential Securities, and also put in stints at Paine Webber and Kidder, Peabody & Co. Crisman also spent time at Vector in addition to Dain Rauscher Wessels, while Gordon, another Vector Securities veteran, had stops at American Express and General Electric.
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