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Exclusive: BC Partners prepares to launch Fund X in 2016

The European buyout firm has filed to register BC European Capital X.

BC Partners plans to return to market in early 2016 to raise capital for its tenth fund, it is understood.

The firm filed an application at the UK’s Companies House in early July applying to register BC European Capital X as a limited partnership ahead of the fundraising.

The filing did not include any further details on the fund, including its size. A spokesperson declined to comment.

BC Partners collected €6.7 billion for its previous fund, BC European Capital IX. The 2010-vintage vehicle acquired an 80 percent stake in Athens-based pharmaceutical company Pharmathen in early June for an enterprise value of €500 million, as reported by Private Equity International.

That investment followed the partial exit of its stake in US cable operator Suddenlink in May to telecommunications company Altice.

Investors in its ninth fund include the Canada Pension Plan Investment Board, with which it owned Suddenlink and which also exited, Metropolitan Life Insurance Company, La Caisse de Dépôt et Placement du Québec, the Florida State Board of Administration, and several US retirement systems.

BC Partners is not the only large European buyout firm planning to fundraise next year. Cinven is also expected to launch its sixth fund in early 2016, as previously reported by PEI.