BC Partners snags partner from TowerBrook – Exclusive

Axel Meyersiek joins as a senior partner and will be based in BC Partners’ Frankfurt office.

BC Partners has appointed Axel Meyersiek from rival TowerBrook Capital Partners as a senior partner, PEI can reveal.

Meyersiek has started working at the firm this month after more than 15 years at TowerBrook, where he served as a managing director for eight years. He has also had stints at Giving Capital and Goldman Sachs.

During his time at TowerBrook, Meyersiek worked on deals involving clients in the industrial and chemical companies in Germany. He also has experience working in other industries including financial services and healthcare.

Meyersiek joins the firm’s Hamburg office, a new location for the partner who had until December worked at TowerBrook’s London office. It is understood that Meyersiek left the firm for personal reasons and there has been no direct replacement at TowerBrook.

Both TowerBrook and BC Partners declined to comment on the appointment.

BC Partners recently collected a €210 million commitment from South Korean-based institutional investor the National Pension Service for its tenth pan-European buyout fund. Korea Investment Corporation also placed €150 million with the investment strategy, which is aiming to raise €7 billion in total and has so far raised €4 billion, according to PEI data.

Last year, PEI reported that Matthew Tooth had been promoted to managing partner of the firm. He joined the firm in 2013 from Blackstone and his latest move was effective at the beginning of the year.
The firm’s predecessor vehicle raised €6.7 billion on a final close in 2011.

Established in 1986, BC Partners has offices across Europe and North America. It has more than €12 billion in assets under management.