Providence taps Thomas Gahan as president of capital markets group

By Devika Patel

Knoxville, Tenn., Sept. 24 - Providence Equity Partners said in a press release that Thomas Gahan has joined the firm as president of its newly established capital markets group.

Gahan will be based in Providence's New York office. He was most recently chief executive officer of Deutsche Bank Securities Inc. and head of corporate and investment banking in the Americas.

"We have recently invested significant capital in attractive corporate debt securities and continue to see significant credit market opportunities across the industries where we specialize," said Paul Salem, a senior managing director of Providence, in a news release. "With Tom on board, we are now well positioned to capitalize on the opportunities created by the unprecedented volatility and dislocation in the market."

Providence noted that it has recently acquired over $2.5 billion in credit securities.

The firm's capital markets group invests in the debt of media, entertainment, communications and information companies worldwide, the same sectors in which the firm has been making equity investments for nearly 20 years.

Before heading corporate and investment banking at Deutsche, Gahan also worked as global head of capital markets at Deutsche Bank and was a member of the global banking executive committee and the global markets executive committee. Gahan joined Deutsche Bank in 1999 to establish its global credit products division, and he built the firm's capability in leveraged and structured finance into market-leading businesses.

Before joining Deutsche Bank, Gahan worked at Merrill Lynch for 11 years in a number of capacities, most recently as global head of credit trading within the fixed income division, where he oversaw the firm's global activities in the high yield, investment grade, distressed, emerging market, loan syndicate and credit derivative arenas.

He has a bachelor's degree in economics from Brown University.

"Tom brings world-class experience building and successfully managing capital markets businesses, particularly in credit investing where he has worked to finance some of the most successful and sophisticated transactions in history," Providence's chief executive officer Jonathan Nelson said in the release.

Based in Providence, R.I., Providence is a private equity firm specializing in equity investments in media, entertainment, communications and information companies around the world.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.