Equity Risk Partners Acquires Private Equity Risk Management
June 1, 2005
For Immediate Release Equity Risk Partners announced today that it has acquired Private Equity Risk Management LLC, the leading provider of alternative risk financing solutions to the private equity industry. Formed to service the overlooked venture capital and buyout industry, PE Risk has developed proprietary alternative risk financing options utilizing tax-advantaged finance vehicles, such as captives. “The acquisition of Private Equity Risk Management is a perfect strategic fit for Equity Risk Partners,” stated Michael C. Marcon, Equity Risk’s CEO. “PE Risk allows ERP to expand its product offerings to the private equity industry. The acquisition underscores our continuing commitment to focus exclusively on the needs of the private equity industry.” “The sale of PE Risk to ERP was a “no-brainer” for me,” commented Mark McKee, founder of PE Risk. “After speaking with several potential partners, Equity Risk Partners was clearly the best choice. Their entrepreneurial spirit, their exclusive focus, and the quality and dedication of their professionals are exactly what the clients of PE Risk are looking for. I am anxious and excited to watch ERP take Private Equity Risk Management to the next level.” PE Risk will be renamed Alternative Risk Partners, subject to regulatory approval. Chris Buchanan, an executive within ERP’s San Francisco due diligence practice, will be responsible for managing the new entity and leading its growth and development. Terms of the transaction were not disclosed. Equity Risk Partners is the only full service, fully integrated property/casualty and employee benefits broker focused exclusively on the needs of the private equity industry and its portfolio companies. Equity Risk Partners, headquartered in Walnut Creek, CA, has offices in San Francisco, Chicago, and New York. For more information, please contact: |
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