Former Quadrangle London head joins TowerBrook

Quadrangle, which opened its London office in 2007, reduced its European operations staff, according to a letter to investors earlier this year. One person remains in the London office.

The former head of The Quadrangle Group’s London office, Gordon Holmes, has joined TowerBrook Capital Partners.

Holmes took over Quadrangle’s London office in 2007 when the firm opened it to expand its operations in Europe. The London site was Quadrangle’s first international office since the firm was founded in New York in 2000.

Holmes was a managing principal of the firm’s private equity business in New York, and relocated to London.

Quadrangle told its LPs in a letter earlier this year that is had reduced headcount in the London office. The firm’s web site shows that London is staffed by a single vice president, Sebastien Briens. Quadrangle also has an office in Hong Kong.

Prior to Quadrangle, Holmes was a general partner at Forstmann Little, where he worked on several deals, including the $1.6 billion acquisition of 24 Hour Fitness.

TowerBrook, the former private equity firm of George Soros, has about $5 billion under management. The firm pursues control investments in large and mid-market companies. The firm spun out of Soros Capital Management in 2004 and raised its first fund as an independent manager in 2006.

The firm, with offices in London, New York and San Francisco, closed its third fund in 2008 on $2.75 billion.