TowerBrook Capital Partners, the former owner of high-street clothing chain Phase Eight, has lost two executives from its London office, according to people familiar with the matter.

Axel Meyersiek, a managing director, plans to leave after 15 years at the firm, two people said. Meyersiek, a German national who joined the firm in August 2001, will be moving back to Germany for family reasons in January 2017, one person said.