BC Partners Adds in New York

James Rubin and Daniel Selmonosky have joined BC Partners as senior partners in the firm's New York office, effective May 1. They previously were founding partners with One Equity Partners. In related news, Raymond Svider and Justin Bateman will relocate from BC Partners' London office to New York.

 

PRESS RELEASE

 

BC Partners, the international private equity firm with over $17 billion under management, has appointed James Rubin and Daniel Selmonosky as senior partners in its New York office, effective May 1.  They will join Raymond Svider and Justin Bateman, who will relocate from the firm's London office to New York in the second quarter of this year.  The expanded New York office, which will be fully integrated with the firm's European
offices, will leverage BC Partners' industry knowledge, its
European market expertise and the experience of Messrs. Rubin
and Selmonosky, to identify opportunities to acquire large,
U.S.-based companies with global operations. 

Messrs. Rubin and Selmonosky join BC Partners from private equity
firm One Equity Partners (OEP) which currently manages $5 billion
for JPMorgan Chase and where they were among the founding partners in 2001.  Among the major transactions they led while at OEP were Telerate, which was bought out of bankruptcy and sold to Reuters in 2005; Quintiles Transnational, which was taken private in 2003 and which OEP exited in January 2007; NCO Group, which OEP took private in 2006; and Oncology Therapeutics Network, which was acquired from Bristol Myers Squibb in 2005 and sold to McKesson in March 2007. 

Mr. Svider, Managing Partner of BC Partners, said: “We are delighted that Jamie and Dan are joining BC Partners.  Over the past decade, they have led and completed some of the most successful buyout transactions in the U.S.  Their deep knowledge of the U.S. market and their extensive contacts will be extraordinarily valuable as we build
our U.S. platform.” 

BC Partners has a long history of working with portfolio companies
with significant U.S. operations and since 1991 has maintained a
New York office led by Kevin O'Donohue, Managing Partner responsible for investor relations and fund raising.  In February 2008, BC Partners completed the $16.6 billion acquisition of Intelsat, the leading global satellite communications company whose operating headquarters are in Washington, DC.  The firm's other notable investments worldwide include Amadeus, the leading global distribution system and technology provider for the travel and tourism industries, Brenntag, the leading global chemical distribution company, and Fitness First, one of the largest operators of fitness clubs in the world.

“I am very excited to be joining a firm with BC Partners' track record
of performance,” said Mr. Rubin.  “The firm's success is rooted in its
disciplined and team-oriented approach to investing and a history of strong partnerships with management.   I look forward to working with Dan and my new BC Partners colleagues to leverage our international experience and network to add value to transactions and further enhance BC Partners' profile in the U.S.” 

Mr. Selmonosky added:  “Jamie and I have worked together for a long time at a premier U.S. private equity firm, One Equity Partners, under the tutelage of Dick Cashin.  We've long been impressed by BC Partners' investment acumen and performance and we believe that our experience and relationships will help BC Partners continue to expand its global investing platform.”

About BC Partners
BC Partners is a leading international private equity firm with over
$17 billion under management, operating through integrated teams based in Geneva, Hamburg, London, Milan, New York and Paris.  The firm's latest fund, BCEC VIII, closed in May 2005 with approximately $9 billion of commitments.  For over 20 years, the firm has developed a long track record of successfully acquiring and developing businesses in partnership with management, investing in 66 acquisitions with a combined enterprise value of over $93 billion.  Recent investments include Intelsat, Brenntag, Amadeus, Hyatt Regency, Dometic, Picard Surgel