Bridgepoint chairman steps down
William Jackson steps down as chair of Bridgepoint
The chairman of private equity firm Bridgepoint has stepped down.
William Jackson’s exit comes three years after its stock market debut in London, in which he bagged nearly £8m from the £2.9bn flotation.
He received £818,500 last year and ‘carried interest’ – a secret share of profits. Bridgepoint was the first private equity firm to list in the UK in decades but shares in the company, which owns Burger King UK and Hobbycraft, have crashed more than 50pc to 214p yesterday.
Jackson will stay on as chair of its private equity business. Bridgepoint manages €41bn (£35bn) in assets. Replacement Tim Score was previously finance chief of Cambridge chipmaker Arm.
