Marwood Group has received a strategic investment from funds managed by Lee Equity Partners as the healthcare-focused advisory and consulting firm seeks to accelerate growth through acquisitions, senior hires and expansion of its capabilities. Financial terms were not disclosed.
Alongside the investment, Chris Librizzi has joined Marwood as Chief Executive Officer. Richard Jeanneret, a senior advisor to Lee Equity and longtime EY executive, has joined as Executive Chairman.
Librizzi joins from EY-Parthenon, where he spent the past five years leading its U.S. strategy consulting business. He previously built and led EY’s corporate strategy function and served on the firm’s U.S. Board and Executive Committee.
Jeanneret brings approximately 20 years of experience at EY, where he served as one of the firm’s longest-tenured board members, advised corporate boards, multinational companies and private equity firms, built businesses and helped execute M&A transactions.
Marwood President Walt Breakell, Chief Revenue Officer Lee Alvarez and Chief Product Officer Martin Sobel will remain with the company. Breakell will also continue serving on Marwood’s board.
Marwood plans to use its partnership with Lee Equity to expand its work with private equity firms throughout the transaction lifecycle, invest in employees and extend into additional client segments including hospitals, payors and life sciences companies.
KEY QUOTES:
“It is exciting to be joining Marwood, with its longstanding reputation for market leadership and unparalleled expertise, at a time when the company is clearly poised for growth. The policy and regulatory questions that Marwood is known for answering link to so many aspects of our clients’ businesses and investment theses, and we are focused on building even more market-leading capabilities to enhance the value we provide.”
Chris Librizzi, Chief Executive Officer of Marwood Group
“We are excited to partner with Marwood after a long-standing relationship with its leadership team. Marwood’s expertise and quality of advice is differentiated in the healthcare services community. With high-quality healthcare-specific knowledge as its foundation, the firm is well-positioned to grow organically and inorganically.”
John Eppler, Principal at Lee Equity Partners
“Marwood has long been a trusted advisor to clients in all-things healthcare, both operating and investing. We now have the fresh committed capital to drive an even greater focus on innovation in our core business, while extending the deep expertise we are known for into new growth areas. With the established momentum in the business, with Chris at the helm and with LEP as our partner, the Marwood leadership team is looking forward to this next chapter.”
Lee Alvarez, Chief Revenue Officer of Marwood Group
