BC Partners' European chair relocates to Greece as firm plans Athens expansion
BC Partners' European chair Nikos Stathopoulos is relocating from the UK to Greece as the private equity firm prepares to establish an office in Athens and expand its investment activity in the country, according to a report by the Financial Times. The London-based buyout firm, which manages more than $40bn in assets, is reportedly planning to raise additional capital for investments in Greece,…
BC Partners, a private equity firm managing over $40 billion in assets, is relocating its European chair Nikos Stathopoulos from the UK to Greece, as the company prepares to establish an office in Athens and expand its investment activities in the country, according to a report by the Financial Times. The move comes as Greece introduces tax incentives to attract private equity and hedge fund executives from established financial centres, offering a 5% tax rate on bonuses and carried interest for qualifying executives, compared to the standard 15% rate.
Greece has been operating as a hub for BC Partners for approximately two decades, with previous investments including retailer Pet City and private education provider Alphabet. The relocation of Stathopoulos and the introduction of tax incentives reflect Greece's ambitions to become a European investment hub and attract international alternative asset managers.
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