TowerBrook Capital Partners, the buyout firm formerly known as Soros Private Equity, has hired Winston Ginsberg as a managing director in its London office.
Between 2000 and 2005, Ginsberg was a general partner and co-founder of London-based Elwin Capital Partners and a founder of OfficeTiger, a business process outsourcing company that was funded by Elwin before being sold.
Elwin has invested more than US$1.2bn in the last 10 years and its other portfolio companies are Linux software provider Advua, mobile content provider Celtick, semiconductor manufacturer Dune Networks and telephone provider Telrad Connegy. Elwin has also sold business process outsourcing company GRO but said Ginsberg would not be replaced, although the eponymous founder declined to comment on what would happen with the firm.
Previously, Ginsberg was a member of the principal investment area and the mergers and acquisitions department of Goldman Sachs in London and New York from 1996 to 2000. Prior to Goldman Sachs, he was a member of the M&A department of Lazard Freres in New York.
Neal Moszkowski and Ramez Sousou head TowerBrook.
Last week, TowerBrook hired Andrew Rolfe as an advisory board member and senior venture partner to focus on the retail, food services and hospitality sectors. Rolfe was a former president of US clothing company Gap’s international division. Before joining Gap in January 2004, he served as executive chairman of fast food retailer Pret a Manger.