Buyout house BC Partners has tapped former Honeywell Automation and Control Solutions president and chief executive Alex Ismail for a managing partner position.
Ismail, who will become a member of UK-headquartered BC Partners’ senior investment team and will also sit on the investment committee, will be based in the firm’s New York office.
He will be involved in all aspects of investment origination and portfolio management across Europe and the US, and will work with the firm’s integrated operations team.
Ismail spent almost 20 years in various roles at Honeywell in the US and in Europe. Most recently he was an executive officer of Honeywell International and president and chief executive of ACS, responsible for more than $15 billion-worth of sales and more than 65,000 employees globally.
During his career with Honeywell, Ismail invested more than $7 billion through an acquisition-based expansion strategy, and has experience in strategy, pricing, productivity, processes, carve-outs and integrations, board management, and coaching CEOs.
The appointment comes as BC Partners continues to seek capital for its tenth vehicle, which is targeting €7 billion.
So far the fund has gathered more than €4 billion, according to PEI data, counting Los Angeles City Employees’ Retirement System, Teachers’ Retirement System of Louisiana, Tennessee Consolidated Retirement System, and Korea Investment Corporation among its investor base.
Last month BC Partners appointed former TowerBrook Capital Partners managing director Axel Meyersiek as a senior partner, as reported by PEI.
In October the firm promoted former Blackstone dealmaker Matthew Tooth to managing partner. Tooth had spent the previous three years as a senior partner at BC Partners, involved in several transactions including the acquisitions of UK casual dining chain Côte Restaurants in July 2015 and online car rental aggregation business CarTrawler in 2014.
Ismail’s appointment brings BC Partners’ group of managing partners to 12 across its offices in London, New York, Paris and Hamburg.