Lexington Partners has agreed to acquire up to €1.2bn in LP commitments in BC Partners' 2012-vintage fund, while committing up to €600m to the GP's latest fund.
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