Quadrangle opens in London

The US$6bn, media private equity investment firm Quadrangle has opened an office in London as it looks to invest its second private equity fund, Quadrangle Capital Partners II, which has over US$2bn in committed capital.

This is the firm’s first international office since it was founded in New York in 2000. It is to be headed by Gordon Holmes, a managing principal of the private equity business in Quadrangle’s New York office, who is relocating to London to lead Quadrangle’s European team. Over the past seven years, Quadrangle has accumulated more than 40 investment professionals.