Isobel Markham
Former McKinsey exec Claus Benkert will lead the 13-strong European team.
The fund attracted investor interest in excess of £7bn.
While fund ownership should be shared, the management company needs to ‘build out a vision’ around one leader when starting out, Coller said.
The $929m deal will generate an IRR of 68% for investors in Bridgepoint’s fifth fund, it is understood.
The duo is acquiring the laboratories business from PAI Partners in a €1.8 billion deal.
In a speech on his outlook for 2017, Hands focused on the need to create organisations that can adapt in an unpredictable world and are not centred on ‘individual heavyweights’.
In an exclusive interview with Private Equity International, PAI CEO Michel Paris said large corporations paying little tax is ‘not acceptable’.
The UK-focused manager took just three months to raise the capital from global investors.
The firm has agreed to acquire a significant stake in GCR as it continues to deploy its dedicated Sub-Saharan Africa Fund.
The French firm re-opened its third fund to the LP community last year, raising an additional €400m.