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Deloitte grows WA corporate finance presence with arrival of Torridon Partners team
2 November 2016: In a significant addition to Deloitte’s corporate finance presence in Western Australia, the team from Perth-based Torridon Partners has joined the professional services firm.
With deep relationships in the WA listed market, from small to mid-caps up to ASX100, Torridon Partners specialises in providing strategic and financial advice to companies and government entities, with a focus on the resources and infrastructure sectors.
Established in 2011, the team will join Deloitte’s established WA corporate finance practice, and founders Neville Gardiner and Jeremy Carlberg will become Deloitte Financial Advisory partners.
Deloitte CEO Cindy Hook said: “This is an exciting addition to our ever growing presence in the Western Australian market. Deloitte has a corporate finance team strong in key areas, and Torridon’s arrival will complement our existing strengths in the market.”
Managing Partner Financial Advisory Clare Harding said: “Torridon will add fantastic advisory capability that really complements our existing WA Financial Advisory team’s strengths in economics, valuations, business modelling and restructuring.”
“Neville Gardiner and Jeremy Carlberg are experienced corporate finance advisory professionals who have a deep understanding of the WA market and strong relationships right across the infrastructure and resources sectors.
“They, and their team, will really complement Deloitte’s focus on infrastructure and capital programs, M&A, capital markets solutions and corporate finance advice.”
Deloitte Western Australia Managing Partner, Michael McNulty said: “Western Australia’s economy remains in transition as it adjusts from a long period of major capital investment into the execution of efficient operations along with continued rationalisation of the ownership of infrastructure assets and demand for more infrastructure investment.
“Capital optimisation is vital, and there is a real need for corporate finance advisory capability that runs from deal origination right through execution and, in Deloitte’s case, further complemented by our strong Consulting and Deloitte Private businesses.
“The Torridon team will further differentiate the Deloitte offering across existing and prospective public sector, mineral resources, oil and gas, energy and transport clients by connecting them with value-adding deal opportunities at an earlier stage.
“Tailored to the needs of the WA market, we will have an even sharper edge at the origination end of the deal lifecycle, executing a transaction from start to finish. We’re incredibly excited to be welcoming the Torridon team to our firm.”
Torridon’s Jeremy Carlberg said: “Joining Deloitte and its well established Perth Financial Advisory practice will give us greater reach and access. We are looking forward to adding our origination and execution ambitions to the skills and connections available within the wider Deloitte network.”
Neville Gardiner said: “Deloitte has an emphasis on the independence of its advice underpinned by a similar culture and client-centric business values to Torridon. This is very important and appealing to us, so we’re talking about a very natural and complementary fit.”
Jeremy Carlberg: With experience at Macquarie Group in Sydney and Perth, and Bank of America Merrill Lynch, Jeremy has worked extensively in the WA infrastructure sector as a senior adviser to both private and public clients. His deal history over more than 16 years includes large-scale project financings, asset restructures, mergers and acquisitions of infrastructure assets and the strategic and commercial development of greenfields projects.
Neville Gardiner: With 20-plus years’s experience, including at Arthur Andersen, Macquarie and Bank of America Merrill Lynch, Neville’s transaction experience covers public market mergers and acquisitions and equity and debt financingsand significant relationships with the senior management teams and boards of Australia’s largest resources companies.
The Torridon team commenced 1 November. The terms of the transaction have not been disclosed.