Bridgepoint Hires Former Head of Debt Finance at Arle Capitalby
Kit Tuke becomes a director in banking team at U.K. firm
Tuke one of several senior executives leaving Arle since 2013
Bridgepoint Capital, the private equity owner of fast food chain Pret a Manger Ltd., has hired two executives as it begins the process of investing its latest fund.
The U.K.-based firm hired Kit Tuke as a director in its capital markets team, based in London. Tuke was previously the head of debt at fellow buyout group Arle Capital Partners, where he was responsible for portfolio companies’ capital structure. The firm has also hired Oliver Smiddy as a member of its investor relations team. Smiddy was previously a senior associate editor at news provider Leveraged Commentary & Data, a unit of S&P Capital IQ.
Tuke is one of several leading figures to depart Arle in the past few years. Partners Philip Price and Mark Dickinson left while fellow partner Nils Stoesser is set to leave. Arle has yet to raise a general buyout fund for deals since being formed in 2011 to manage assets purchased by the Candover funds.
Spokesmen for Bridgepoint and Arle confirmed the appointments and departures.
Prior to being part of the team that formed Arle, Tuke was in the same role at Candover. Before that, he was at 3i Group Plc and Barclays Bank Plc, according to Bridgepoint’s website.