Bridgepoint Group, the London-listed personal fairness agency which owns the fast-food chain Itsu and the Moto GP motorbike racing sequence, is to kick off the seek for a successor to William Jackson, its veteran chairman.
Sky News has learnt Bridgepoint is working with the headhunter Russell Reynolds Associates on a course of to discover a new chair.
One insider recommended Mr Jackson was more likely to stay concerned in Bridgepoint’s personal fairness funding actions even after he steps down as chairman, with the recruitment course of unlikely to conclude for one more 12 months.
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Mr Jackson joined Bridgepoint, which now manages roughly €25bn in property, in 1986 as a graduate trainee.
He progressed via its ranks, finally main a few of its most distinguished buyouts, together with the sandwich chain Pret a Manger and Dorna, the proprietor of Moto GP.
Among his different notable strategic selections was the internationalisation of Bridgepoint’s operations throughout Europe, the US and into China.
He additionally diversified its enterprise into credit score and extra just lately infrastructure via the acquisition of ECP, a pacesetter in investing within the power transition.
The information that Bridgepoint is getting ready to recruit Mr Jackson’s successor can be intently watched within the City, the place management succession at massive personal fairness companies is closely scrutinised.
When it formally will get below means, the search is anticipated to be led by Archie Norman, the Marks & Spencer chairman who serves as Bridgepoint’s senior unbiased director.
Bridgepoint listed on the London Stock Exchange in 2021, and at present has a market capitalisation of simply over £2bn.
A Bridgepoint spokesman stated there was not at present a search course of below means for Mr Jackson’s successor.
Source: information.sky.com”