BC Partners hires former Blackstone exec

The London-based firm, which started searching for a senior partner in the UK in January following the departure of Andrew Newington, has hired former Blackstone executive Matthew Tooth.

Matthew Tooth
will join
BC Partners in

BC Partners has appointed a new senior partner in its investment team in London, according to a source familiar with the matter.  

It is understood the firm told investors that Matthew Tooth will be joining BC Partners in September 2013.

BC Partners started looking for a senior partner in the UK in January, a month after it emerged Andrew Newington left the firm after 12 years because of a dispute over the firm’s future strategy.  

BC Partners declined to comment. 

Tooth spent nine years as a managing director in the European private equity group at Blackstone. Whilst at Blackstone, he worked on a number of high profile investments including Merlin Entertainment, Cineworld and Orangina-Schweppes. Prior to Blackstone, Matthew spent six years at Credit Suisse First Boston in London in its European sponsor coverage, leverage finance and M&A teams, the source said.  

Following the appointment, BC’s London investment team is now understood to have nearly 20 professionals, led by two managing partners, four senior partners and four partners.

Last February, BC Partners held a final close on €6.5 billion hard-cap for BC European Capital IX.  The oversubscribed fund was 14 percent larger than BC’s previous fund which closed on €5.8 billion in 2005.