FOLLOWING the £100m takeover of Engine Group by US private equity firm Lake Capital in July its PR firm MHP Communications will today announce a key hire, supported by financing from Lake Capital.
Tim Rowntree, Numis Securities managing director of corporate broking, will join MHP in mid-October as a managing director.
In his time at Numis, Rowntree was broker to a number of firms including Grafton, Laird, TT, St Ives, and Marston’s. He has 27 years experience in investment banking, previously holding senior roles in HSBC and Hoare Govett.
“I’m looking forward to moving into a more creative role without the shackles of investment banking... which is becoming more complicated, more regulated and overcrowded,” Rowntree told City A.M.
MHP Financial chief executive Andrew Jaques said on Rowntree’s hire: “His capital markets experience, advisory skills and deep client relationships will be invaluable as we develop our business in a period of increased M&A [mergers and acquisitions] and IPO [initial public offering] activity... Lake Capital brings the investment required to grow the business organically through new hires.”