David Melvin, TDR Capital’s partner in charge of investor relations has decided to leave the firm, Private Equity International has learnt.
In an email to colleagues, seen by PEI, Melvin wrote that he would be taking a break after leading and completing TDR’s fundraise for its third buyout fund, a €2.1 billion vehicle which closed in March this year.
“I have decided to take a break for hobbies, sports and family,” Melvin wrote, adding he remains a “very strong believer” in TDR with a “significant personal commitment” to the newly-raised fund.
TDR declined to comment on Melvin's departure. It is unclear whether a replacement has been selected.
Melvin joined TDR in 2012, before which he was managing director at Bank of America Merrill Lynch.
TDR launched its third buyout vehicle in December 2012, holding a first close on €900 million during the summer of 2013 and a second close on €1.4 billion the following January.
Following its first close, the fund acquired European health club operator David Lloyd Leisure for around £750 million.
TDR, which was established in 2002, currently manages funds totaling more than €4.8 billion, according to its website, and focuses on leveraged buyouts in Western Europe with enterprise values between €150 million and €750 million.