Beary will leave Deloitte Corporate Finance to head the venture at the end of this year.
A former banker with HBOS, Beary has been involved in some of the largest corporate and property transactions over recent years, including Precinct Investments’ takeover of Gresham hotel group, and also acted for the retailing family in the sale of Roches Stores to Debenhams.
In addition, he has acted for prominent property investor and former solicitor Brian O’Donnell in his frequent forays into the London office market.
The venture, to be called Dolmen Corporate Finance, will not affect the talks between management at Dolmen and its parent Ergo, a unit of Munich Re, the giant insurance company.
Ronan Reid, a joint managing director at Dolmen, is leading a management buyout with a €45m price tag. Dolmen has had a strong year with earnings of about €7m before interest, tax, depreciation and amortisation, up from €2.5m for 2005.
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Under the joint venture, Beary will use Dolmen fundraising acumen to fund corporate finance opportunities.