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Bankers’ flight to private equity continues

John Sinik, until now the global head of leveraged finance at UBS, is the latest senior banker to join a buyout firm.

TowerBrook Capital Partners, a transatlantic private equity firm, has appointed John Sinik as a managing director based in the firm's London office. He will start in May.

John Sinik: joining

Sinik is a veteran of the private equity market having been a banker, deal maker and a corporate adviser. He has worked for nine years in leveraged finance and is joining from UBS, where he was global head of leveraged finance and European head of private equity coverage. He was also a member of the investment banking global management committee.

Before UBS, Sinik was at Deutsche Bank and had invested in private equity transactions for Bankers Trust, the US bank acquired by Deutsche. 

Sinik's move follows on the heels of John Coyle, former head of financial sponsor coverage at JPMorgan, joining Permira, and Chris Coles, the former head of leveraged finance at Barclays Capital, moving to Actis, the emerging markets manager. 

TowerBrook Capital Partners has $2.5 billion under management. The firm has offices in London and New York and focuses on making investments in European and North American companies.