BC Partners has made a binding offer of $1.3bn to Electra Partners for its French animal tags business Allflex, following an intense auction process that attracted bids from a dozen private equity firms.
Fund has made four platform investments and backs European digital and technology-based companies
Toni Gillespie joins as chief of talent, while Elisabetta Ricci joins as chief of staff
GP backed the business – then called Ryds Bilglas – via Nordic Capital VIII in 2018
Auction of the Italian producer of natural flavours and ingredients is expected to launch in early 2022