BC crowns Tooth managing partner – Exclusive

The promotion of former Blackstone dealmaker Matthew Tooth brings the number of managing partners to 11.

BC Partners has promoted Matthew Tooth, a former Blackstone deal maker, to managing partner, according to a source familiar with the matter.

For the past three years Tooth has been a senior partner at BC, where he has been involved in a number of transactions including the acquisitions of UK casual dining chain Côte Restaurants in July 2015 and online car rental aggregation business CarTrawler in 2014. Prior to joining the firm he spent nine years in the European private equity team at Blackstone.

Following Tooth’s promotion, BC Partners has a group of 11 managing partners, spread across the firm’s offices in London, New York, Paris and Hamburg.

The firm is currently raising its tenth buyout fund with a target size of €7 billion. The fund’s predecessor – BC European Capital IX – was understood to be delivering an IRR of 21 percent and a multiple of 1.6 times’ invested capital as of June this year. Investors in Fund IX include Standard Life Capital Partners, ATP Private Equity Partners, Washington State Investment Board and MetLife.

BC Partners declined to comment beyond confirming Tooth’s promotion.