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BC Partners
13 Aug 2007
Overview
Amount raised: €11.8bn
This fund:€5.9bn
Last fund: €4.3bn Offices: London, Paris, Milan, Geneva, Hamburg, New York Star team: BC Partners emphasises the team over the individual. Founded in 1986, it is regarded as a test case for succession planning after its founding partners retired. Simon Palley has become the highest-ranking member in London and played a leading role in raising the latest fund. Jens Reidel, who heads BC’s investment committee and its Hamburg office, has an operational background and remains a pivotal figure. André François-Poncet is in charge in France, Stefano Mazzotti runs Italy and Francesco Loredan runs Geneva. High points: The firm sold Hirslanden to Medi-Clinic for €1.7bn this month and has agreed to acquire publishing group Bureau van Dijk for €500m. Its biggest deal was the $16.4bn (€12bn) acquisition of satellite operator Intelsat in June, which demonstrated it was able to punch its weight in the rarefied air of the mega-buyout stratum. It also bought estate agent Foxtons and chemicals group Brenntag from Bain Capital. |
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