Buyout firm BC Partners has suffered one of the biggest losses on any European private equity transaction in only its second such failure in its 15-year history.
Regarded as one of Europeâs best investors and a top performer, BC has written off a figure ânearer â¬100m to â¬200m than â¬500mâ from the disposal of Mark IV Industries, a New York and Turin-based manufacturer, according to buyout sources. The loss follows the unexpected departure of Simon Palley, one of the firmâs most senior managing partners, last year.
