San Francisco | August 13, 2018
Prager & Co., the boutique investment bank serving higher education, has announced that Nim Chinniah has joined Prager as Managing Director and co-head of its Strategic Advisory Group. The recently formed group provides a mission-driven strategic and holistic approach to identifying and unlocking value within the academic enterprise. Employing strategic partnerships, mergers and acquisitions, monetizations, and other traditional corporate finance techniques and strategies, the new group will help relieve external funding dependency in response to the myriad challenges currently facing higher education.
Fred Prager, CEO of Prager & Co., said, "Our firm has served the higher education industry for over three decades. This is a crucial time for Colleges and Universities as they navigate a rapidly changing financial environment and budget constraints. Yet they are expected to continue to lead in the development of solutions to the pressing global problems of our times. This new practice line positions the firm to support our clients as they respond to the challenged existing model of higher education. I am delighted to have Nim Chinniah join the firm. Through the years we have worked together, Nim has become a trusted colleague and friend. His experience and expertise are essential to our future success."
Chinniah brings over 25 years of senior strategic, financial, and operations experience in higher education. Most recently, he served as Executive Vice President of Northwestern University. As its Chief Operating Officer, Chinniah led the university's global strategy, and managed Northwestern's financial, administrative, and operating units. Prior to Northwestern, he spent seven years as the Executive Vice President for Administration and Chief Financial Officer of the University of Chicago.
Chinniah began his career at Vanderbilt University, where he rose to Deputy Vice Chancellor for Administration and Academic Affairs over a period of 16 years. Chinniah will join E. David Hetz, Vice Chair of Prager and founder of the firm's Strategic Advisory initiative, in leading the group. Hetz, an investment banking industry veteran with almost four decades of merger & acquisition and public and private equity experience, said, "Nim is a proven leader with major research university experience and expertise. As partners leading this new initiative, our highly complementary backgrounds will deliver to our clients a unique combination of strategic, operational, and transactional perspectives."Chinniah said, "Having spent my entire career in higher education, I am energized by the opportunity to join Fred, David and the Prager team in this initiative to continue the journey of supporting higher education."