BC Partners related stories
All articles and analysis
BC Partners makes top management changesChairman Jens Reidel has stepped down as part of a planned retirement process, handing co-chairman roles to managing partners Francesco Loredan and Raymond Svider. Next month John Hosgood, Barclays’ former co-head of leveraged finance, will join the firm to lead a push into credit strategies that will be largely focused on purchasing debt in its own deals.
- Make the first move
Most portfolios have at least one struggling business. It’s up to GPs to instigate a restructuring process before the banks have to step in, writes Toby Mitchenall.
- Veteran Goldman Sachs banker retires
Charlie Bott, chairman of Goldman’s European financial sponsors group, is regarded as the first private equity-dedicated banker. He is replaced by John Waldron, previously co-head of leveraged finance.
- Private equity buyouts decrease, shrink in size in 2008
Difficult financing conditions continued to soften global buyout activity for private equity firms, with deal volumes plunging 72 percent in the first nine months of 2008. The oil and gas and mining sectors as well as Japan, India and the Middle East remained bright spots.
- On safe ground – for now
Private equity is well positioned to cope with the credit crunch, but its main worry is what comes afterwards, writes Philip Borel.
- Report: BC Partners bring in bankers for Foxtons
Foxtons, the UK estate agency owned by global buyout group BC Partners, is having a tough time amid the housing market slowdown. Investment bankers from NM Rothschild are reportedly being asked to advise on a refinancing of the company’s £250m debt package.
- BC to increase stake to 100% in Turkish grocer for €414.5m
BC Partners will soon launch a tender offer for all remaining shares of Migros Türk following the purchase of a majority stake in May. Separately, London-based managing partner Raymond Svider is relocating to New York to head up fledgling US buyout operations.
- Look East
Private equity firms are pursuing growth strategies in Emerging Europe, with Poland and Romania expected to take the lion’s share, writes Nicholas Lockley.
- Carlyle makes first Turkish investment
The Washington-DC based private equity firm has acquired half of a shipbuilding company in the increasingly popular destination for private equity investment. Carlyle’s entrance into Turkey follows firms such as TPG, KKR and BC Partners.
- Horsley Bridge closes Fund IX on $1.76bn
The UK’s Railpen, Denmark’s PFA pension, and The Indiana Public Employees Retirement Fund were among the limited partners that committed to the fund of funds.