Veteran Goldman Sachs banker Charlie Bott – widely considered the first banker to be dedicated to private equity – has been hired by London-headquartered buyout house BC Partners.
During his 22-year tenure at Goldman Sachs, Bott chaired the bank’s European financial sponsors group and established the bank’s relationships with the likes of Apax Partners, Cinven, Providence Equity Partners and BC Partners.
Bott joins BC Partners as co-head of investor relations alongside current New York-based IR chief Kevin O’Donohue, who will retire at the year’s end.
BC Partners expects to begin raising its ninth buyout fund at some stage during 2010, five years after the firm closed its last fund, then Europe’s largest at approximately €5.8 billion.
Investments made from Fund VIII include UK-based estate agency Foxtons, which is currently undergoing financial restructuring, and Turkish supermarket chain Migros Türk. A target size for BC Partners’ next fund has not yet been decided.
The firm is looking to diversify its investor base, which currently comprises institutions from North America, Europe and the Far East.
“I believe the team is well placed to expand the investor base in the Middle East and Asia as we look forward to raising our next fund,” said current head of investor relations, Kevin O’Donohue.