BC Partners and Cinven, two Europe-focused buyout firms, are planning strategies to launch into the US market. Raymond Svider, a London-based managing partner at BC Partners, as well as three partners from the UK and Germany will join investor relations managing partner Kevin O’Donohue, sole representative in BC Partners’ New York office, which was launched in 2001.
Cinven has invested in a new country market every year for much of this century: Sweden in 2001; Germany in 2002; Belgium in 2004; Spain in 2005; Italy and Sweden, with the Milan office opened the same year, in 2006.
BC Partners and Cinven join a number of European buyout firms to launch US operations recently. Permira opened a New York office in 2002 and has since devoted about 12% of its capital to US investments. CVC Capital Partners hired former Investcorp private equity head Christopher Stadler for its new office in New York in January last year, the same month that 3i set up shop in the city for growth capital investments.