Bridgepoint Capital, the mid-market European private equity firm, has hired former Carlyle director John Davison as a director at the firm’s offices in London.
Davison was previously a director of the Carlyle Group in London until 1998 where he worked on a range of investments in the media, telecommunications and industrial sectors. Prior to that he was at McKinsey & Co and Booz Allen & Hamilton.
“[Davison’s] broad range of private equity and operational experience is very relevant to how we implement the right strategies to create the long term growth in value we look for when we invest in companies,” said Bridgepoint managing partner William Jackson, commenting on the appointment.
Bridgepoint has announced three deals in the last two months, including the £40m take-private of UK-listed self-storage business. The 44 pence per share offer for Safestore marks the firm’s thirteenth public-to-private transaction. Earlier this year, the firm paid £210m to take UK fitness group Holmes Place private.
Bridgepoint closed its first £1bn European Private Equity fund in April 1999 with institutional investors from Europe, North America, the Middle East and the Far East. It May 2002, the firm closed its second fund, EPEF II, with commitments of over E2bn. Bridgepoint typically does 10-15 deals a year across Europe investing around £250-300m annually.