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Speechlys advise Buick Capital on the investment in Buick by Northern Lights Capital Group

20 May 2014

This article was written prior to the formation of Charles Russell Speechlys, through the merger between Charles Russell and Speechly Bircham.

Speechly Bircham has advised Buick Capital, and the founders of the business, Tim Morgan and Dominic Trusted, on an investment by Northern Lights Capital Group, LLC, a provider of strategic capital and resources to boutique asset management firms.

Buick is an independent London-based private placement firm, providing advisory and placement services to alternative investment managers with strategies ranging from liquid hedge funds to private equity and other longer-term special situations vehicles.

Buick was founded in 2009 by its Managing Directors Tim Morgan and Dominic Trusted. Tim was previously co-head of Capital Introduction and a Managing Director at Goldman Sachs International, where he worked for 10 years before founding Buick. Dominic was in charge of the day-to-day running of Fixed Income Capital Markets for UK financial institutions at Morgan Stanley in London. Northern Lights, which first invested in the UK in 2009, has been looking to establish a more permanent representation in London. Buick Capital will be re-named Northern Lights Alternative Advisors, LLP.

"This is a significant next step in the development of our business". Dominic Trusted said: "Our partnership with Northern Lights now affords us the luxury of increasing our global reach to provide strategic capital and advisory services for the benefit of our alternative asset management clients. Speechlys was a very thorough and highly efficient partner to work with on our transaction."

The Speechlys core team comprised private equity partner Malcolm MacDougall and private equity solicitor Richard Coleman. Malcolm said: "We were delighted to act for Tim and Dom on the investment by Northern Lights Capital. This is a great opportunity for the business and we are very pleased to have been able to assist with the process."

Northern Lights Capital were advised by Debevoise & Plimpton LLP.