Maples & Calder names new appointment

Maples and Calder has announced the
appointment of Iain McMurdo as the head of its Global Private Equity Group.

Recognised as a leading funds and
corporate lawyer, McMurdo’s appointment comes at what the firm described as a
particularly exciting time. So far this year, Maples and Calder has advised on
the formation of 43 per cent of all new Cayman Islands Exempted Limited Partnerships,
the preferred offshore vehicle used for structuring private equity funds. The
firm also advised on the formation of three of the eight largest private equity
funds with final closings in 2009.

Mr. McMurdo noted that in Cayman,
“We have seen a steady rise in the number of private equity funds formed in
2010 compared with 2009. As the global economy continues to stabilise and
recover from recession, we are experiencing an increase in fund formations and
down-stream transactions.

“The Maples Group is uniquely
placed to offer clients the choice of structuring private equity funds in the
British Virgin Islands, the Cayman Islands, Ireland or Luxembourg from our
offices based in these jurisdictions. Our additional offices in Dubai, Hong
Kong, London and Montreal ensure that we are able to respond seamlessly to
clients from the location that best suits their needs.”

In addition to legal services, the
firm’s affiliate, MaplesFS, offers specialised fiduciary and administration
services to private equity funds and their managers. Their industry experts
work closely with Maples and Calder lawyers in a business model that adds value
and provides a comprehensive service.

Henry Smith, global managing
partner, said “Iain is leading an extremely strong and talented team of private
equity lawyers who have worked hard to establish Maples’ leading position in
the Cayman, Irish and BVI markets acting for private equity managers, institutional
investors and their external legal advisers.”