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Quote of the Week: A Buyout Fund’s Military Exercise

by

February 23, 2012

“Raising the money at a time of widespread scepticism among investors about the ability of large buy-out firms to secure lucrative deals and finance them with cheap debt was an 18-month, military exercise.”

 

Who said it: Charlie Bott, head of BC Partners’ investor relations

 

In Context:  In an article about BC Partners’ recently announced blockbuster fundraising event, Bott was quoted extensively. BC Partners, which has current investments in Intelsat, Spotless, and Com Hem closed BC European Capital IX with a hard cap of EUR6.5bn. In a statement, the company said that “strong demand was generated from both existing and new investors leading to a 60% increase in the firm’s investor base and the fund was oversubscribed. Its LPs are dominated by pension funds and sovereign wealth funds. (Image Source: Intelsat)

 

Where we found it: FT

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