Lord John Birt, former director general of the BBC, is to join European private equity firm Terra Firma Capital Partners as an adviser.
According to a statement from Terra Firma, Lord Birt will eventually become involved in the fund’s portfolio business.
Lord Birt is to resign as strategy adviser to the Prime Minister, a move that will enable him to focus on commercial activities.
As director general from 1992 to 2000, Lord Birt oversaw the BBC’s involvement with online and digital services and an internal restructuring, further separating broadcasting and commissioning.
Other luminaries to have served on Terra Firma’s advisory board in the past include former Conservative Party leader William Hague; Social Democratic Party peer Lord Owen; former German economic minister Otto Graf Lambsdorf; former French prime minister Michel Rocard; and former US assistant secretary of state, Richard Perle.
Founded in 1994, London and Frankfurt-based Terra Firma has completed deals with an aggregate value of over €30 billion, according to a company statement. Recent acquisitions in the UK include: East Surrey Holdings; Odeon and UCI Cinemas; and Waste Recycling Group. In Germany, the firm bought Viterra and Tank & Rast.