June 20, 2011, Vancouver – Russell Negus, founder of Abacus Private Equity is pleased to announce the appointment of Jean-Marc Bougie as Chief Executive Officer of Abacus. Mr. Negus will continue as Executive Chairman of Abacus with specific attention to product development, international expansion and overall strategic development. Mr. Bougie joined Abacus in April 2010 as Managing Director and Chief Investment Officer. Mr. Bougie will now have full responsibility of leading Abacus on a day to day basis and working with Mr Negus to set out Abacus’ growth strategy.
Prior to joining Abacus, Jean-Marc was Managing Director in RBC Capital Markets’ investment banking group where he had coverage responsibility for some of the bank’s largest clients in the Province of Quebec. As part of his 15 year career with RBC Capital Markets, Jean-Marc was involved in numerous financings (debt, equity, IPO) and mergers and acquisition advisory assignments in Canada, Europe, South America and the United States. Also, as part of his tenure with RBC Capital Markets, between 1997 and 2001, Jean-Marc was a Principal with Royal Bank Equity Partners, where he sourced, executed and monitored investments for RBC’s private equity group.
About Abacus Private Equity:
Abacus is an independent investment firm which has been successfully acquiring Canadian and international businesses for over a decade. Since 2005, Abacus has completed in excess of $2.7 billion in closed transactions.
With offices in Toronto, Vancouver, Calgary, and Montreal, Abacus employs a cross-functional team of over 40 people to assist with the evaluation and completion of its acquisitions and has over 1,700 people in its portfolio companies. Abacus places a special emphasis on the taxation elements of its acquisitions, seeking to provide additional value to vendors through efficient transaction structures.
For further information please visit our website at AbacusPE.com or contact:
T: (416) 214-3336