Daniel McCarthy has joined DeSilva+Phillips as a partner. He was Chairman & CEO of Gallarus Media Holdings. DeSilva+Phillips, a media focused investment bank, also said that John Kaiser will now oversee the advertising and digital agency sectors, while Jessica Luterman Naeve will oversee social media and video. Kaiser and Naeve will co-head marketing services, the IB said.
DeSilva+Phillips, LLC, a leading media investment bank, announced today the addition of a new Partner and the expansion of its industry coverage with increased responsibilities for two Managing Directors.
With the announcement:
· Daniel R. McCarthy, a long-time media CEO, joins the firm as Partner.
· Complementing its decades of deal-making in digital and traditional media, D+P has appointed two new sector heads in key verticals to accelerate the firm’s growth:
o Advertising & Digital Agency sectors will now be overseen by John Kaiser, Jr.
o Marketing Services will be co-headed by Jessica Luterman Naeve and John Kaiser, Jr.
o Social Media and Video will be overseen by Jessica Luterman Naeve.
“DeSilva+Phillips is committed to delivering the market coverage and industry knowledge necessary to increase the value of our clients’ media assets,” said Roland DeSilva, Managing Partner. “With these moves, we have the deepest, most experienced and talented team of bankers in the media industry.”
McCarthy has been Chairman & CEO of Gallarus Media Holdings and its subsidiary Network Communications, Inc. (NCI) since 2002. Prior to NCI, McCarthy was CEO of Primedia Enthusiast Group; President & CEO of Cowles Business Media; and Executive Vice President of Communications Trends, Inc., a business intelligence company. Over the course of his career, McCarthy has lead more than 30 transactions and financings, including the $380 million sale of NCI to Citicorp Venture Capital Group; the $120 million acquisition of NCI by ABRY Partners; the $300 million debt restructuring of NCI; the issuance of $175 million of senior subordinated debt for NCI; and dozens of strategic acquisitions and dispersals.
“We are delighted that Dan has chosen to bring his breadth of experience, relationships and insight to DeSilva+Phillips at such a pivotal time for the media industry,” said Reed Phillips, Managing Partner. “His understanding of the transforming media landscape will strengthen our role as advisors to the industry.”
“The path to creating value in media and information depends on the alignment of focused market strategies with operating capabilities, smart management of the balance sheet and shrewd deployment of capital for acquisitions and expansion,” McCarthy said. “I am excited to join the team at DeSilva+Phillips in advising leading and emerging media companies on the strategies and tactics that will help drive the value of their assets.”
DeSilva+Phillips, is a New York-based investment bank that advises leading companies in the media industry, with a particular focus in publishing, digital media, advertising, marketing services and information businesses. DeSilva+Phillips provides M&A advisory, corporate restructuring services and private placements of debt and equity, and has completed more than 225 transactions since 1996. Its broker-dealer affiliate, DeSilva+Phillips Corporate Finance LLC, is a member of FINRA and SIPC.