X-Nico

2 unusual facts about private equity


Private equity

By the end of the 1980s the excesses of the buyout market were beginning to show, with the bankruptcy of several large buyouts including Robert Campeau's 1988 buyout of Federated Department Stores, the 1986 buyout of the Revco drug stores, Walter Industries, FEB Trucking and Eaton Leonard.

Zagat

Private equity firm General Atlantic bought one-third of parent company Zagat, LLC, for $31 million in February 2000 and installed non-Zagat family member Amy B. McIntosh as CEO.


Albert Gubay

Gubay sold the mainly North West and Irish based chain of 21 locations and 150,000 members to the private equity arm of Legal & General, in July 2004 for £70 million.

Alliance Laundry Systems

In January 2005, Teachers' Private Capital, the private equity affiliate of the Ontario Teachers' Pension Plan acquired the majority of the equity interests of Alliance Laundry.

Álvaro Gonçalves

Álvaro L. Gonçalves co-founded Stratus Group in 1999, following two years as Managing Director of Pactual Electra Capital Partners – one of the first private equity funds in Brazil.

David M. Van Buren

He then spent 2001 to 2004 working as CEO of various private equity firms in Sudbury, Massachusetts and Blackhawk, California.

Donald Marron

Donald B. Marron (born July 21, 1934) is a financier, private equity investor and entrepreneur, notable as the chairman and chief executive officer of brokerage firm Paine Webber from 1980 through the sale of the company in 2000, as well as the founder of private equity firm Lightyear Capital and of Data Resources Inc.

Eidos Interactive

On 21 March 2005, Eidos received a takeover bid from Elevation Partners, the private equity firm owned by former Electronic Arts president John Riccitiello and with a number of notable partners, including U2's lead singer Bono.

Emerging Capital Partners

Nairobi Java House, Kenya’s leading café and casual dining restaurant operator, marks the first private equity deal in the restaurant sector in East Africa.

Global Blue

Equistone Partners sold the business in May 2012, for 1 billion euros to the technology private equity firm Silver Lake, with Swiss private equity house Partners Group taking a minority stake.

Grandall Law Firm

Grandall Legal Group provides expert legal services in the areas of Banking and Finance, Capital Markets and Securities; Corporate and Commercial; Intellectual Property and E-Commerce; Construction and Real Estate; Power, Energy and Infrastructure; Labor and Human Resources; Dispute Resolution, Arbitration and Litigation; Aviation, Shipping and Maritime; Private Equity and Venture Capital, Tax and Trusts.

MasterCraft

In 2007, the company was acquired by two private equity firms: Charlesbank Capital Partners and Transportation Resource Partners (affiliated with Roger Penske).

Nemir Kirdar

Nemir A. Kirdar is a Turkish descent Iraqi businessman and financier, he is the executive chairman & CEO of Investcorp, a private equity investment group operating out of New York, London and Bahrain.

PanAmSat

In 2003, News Corporation purchased Hughes Electronic's PanAmSat division and on April 24, 2004 sold PanAmSat to a consortium of private equity firms in a leveraged buyout including Kohlberg Kravis Roberts & Co. (KKR), Carlyle Group and Providence Equity Partners for $4.3 billion.

Solow Building

Well-known tenants include the U.S. Headquarters of the French Corporate and Investment Bank Natixis and private equity firms Kohlberg Kravis Roberts & Co. (42nd fl.), Apollo Management (43rd/48th fl.), Silver Lake Partners (32nd fl.), and Highland Capital Management (38th fl.).

Stephen Pagliuca

Stephen Pagliuca (born January 16, 1955) is a private equity investor, managing partner of Bain Capital, and co-owner of the Boston Celtics.

Stratus Technologies

Now privately held, Stratus Technologies, Inc. is owned by private equity investors Investcorp and MidOcean Partners as well as Intel Capital and NEC.

Strayer University

Between 2001 and 2005 the company's main owners were New Mountain Capital and a private equity unit of Deutsche Bank, DB Capital.


see also

Aconex

In September 2008, Aconex secured an A$107.5m private equity investment from US-based technology investor Francisco Partners.

Alliance Data

In May 2007, Alliance Data and The Blackstone Group, a private equity firm, announced plans for Alliance Data to be acquired by The Blackstone Group.

Alliance Laundry Systems

In February 1998, private equity firm Bain Capital agreed to acquire the commercial laundry business from Raytheon for $358 million.

Avista Capital Partners

The firm, which is based in New York City, was founded in 2005 when a team of professionals, led by Thompson Dean and Steven Webster, completed a spinoff from Credit Suisse's private equity arm DLJ Merchant Banking Partners to form a new private equity firm.

BAE Systems Southeast Shipyards

It was formed through the acquisition of Atlantic Marine from the J.F. Lehman and Company private equity firm in May 2010 for $352 million.

Boomerang Media

Boomerang Media, L.L.C. is an American media company founded by John Engelman and Eric Ellenbogen (founders of Classic Media) and the private equity firm GTCR in 2008.

BORO method

From 2003 to 2008, the start-up company 42 Objects, funded by private equity company 3i worked on developing systems based upon BORO.

Burger King Israel

In late 2010, the chain was acquired by Brazilian private equity fund 3G Capital for $4 billion.

Caterair

Caterair was sold by Carlyle to the Canadian private equity firm, Onex Corporation, in September 1995 which merged it with its other acquisition LSG/Sky Chef.

Coach America

Coach America, also doing business as American Coach Lines, was a holding company for American bus services owned by New York-based private equity firm Fenway Partners operating under the Coach America, American Coach Lines, and Gray Line names (at some locations, operating under pre-existing branding).

Cogent

Cogent Partners, an investment banking firm focused on private equity secondary advisory transactions

Columbia Sussex

The Tropicana Las Vegas, which had a $440 million secured loan against it, emerged from bankruptcy in July 2009 as a separate company led by Canadian private equity firm Onex and former MGM Mirage president Alex Yemenidjian.

Correo OCA

In December 1997, OCA was acquired by 605 million dollars by the Exxel Group, a private Equity fund managed by the Uruguayan businessman Juan Navarro, who announced the investment to buy Edcadassa, Villalonga Furlong ( who is the operator of Interbaires, which manages the free shop in the Airports) and Ocasa, all companies belonging to Alfredo Yabrán.

Douglas Myers

He is now semi-retired, living in London, though he retains business and philanthropic interests, including a stake in Cameron O'Reilly's private-equity group Bayard Capital and regularly donating to the Myers Scholarship.

Federal Computer Week

FCW is currently owned by California-based 1105 Government Information Group, a privately held company backed by two private equity firms: Nautic Partners and Alta Communications.

First Chicago Bank

In the 1990s, the team, led by John Canning, Jr. would spin out of First Chicago to form private equity firm Madison Dearborn.

FlexNet Publisher

On 1 April 2008 Macrovision's Software Business Unit, which included FLEXnet Publisher, was sold to the private equity company Thoma Cressey Bravo and subsequently relaunched as Acresso Software.

George Magan, Baron Magan of Castletown

Magan also serves on a number of international boards which include the Advisory Board for Ardian (formerly AXA Private Equity), the Advisory Board for Abdul Latif Jameel Group (automotive distributor and real estate company, Jeddah, Saudi Arabia) and as a Financial Adviser for Emaar Properties PJSC (real estate development company, Dubai).

HG Capital

H.I.G. Capital - a $7.5 billion private equity firm based in Miami

Infinity Group

Infinity Group is a private equity fund backed by China Development Bank and Clal Industries.

Instituto de Banca y Comercio

In 2007, EduK Group was acquired by the private equity firm Leeds Equity Partners.

J. Christopher Flowers

In 2001, Flowers founded J.C. Flowers & Co., a private equity advisory and fund management firm which has acquired major equity stakes in Shinsei, NIBC Bank, Hypo Real Estate, HSH Nordbank and other financial institutions.

J.W. Childs Associates

The company is headquartered in Waltham, Massachusetts and was founded in 1995 by longtime buyout investor John W. Childs, who had previously been the number two partner at large-cap Boston-based private equity firm Thomas H. Lee Partners.

James B. Lockhart III

He has served as Senior Vice President, Finance, at National Reinsurance(1996) which was acquired by General Reinsurance; Managing Director in Smith Barney's Investment Banking Group for financial institutions and Co-Head of its Private Equity Group (1993–1995); Vice President and Treasurer of Alexander & Alexander(1981–1989); and Assistant Treasurer of Gulf Oil in Europe and the U.S. (1974–1981).

Karen Richardson

Richardson is a former adviser to Silver Lake Partners, a private equity investment firm that built successful investments in Skype, Seagate Technology and Alibaba Group Holding Co.

LECG Corporation

In October, 2000 the private equity fund Thoma Cressey Equity Partners and the management team of LECG announced the acquisition of assets from Navigant Consulting.

Mawarid Finance

Mawarid acquired Al Jazeera Financial Services, a private equity company specializing in financial intermediation and investment in Shari'a-compliant stocks on both ADX and DFM.

Modelzone

ModelZone had 385 employees and 47 stores at the time of administration and was majority-owned by the private equity arm of Lloyds Banking Group, Lloyds Development Capital, to whom the company owed £9 million of their £11 million debt, according to a statement of affairs prepared during administration.

Naked Juice

Distribution remained within the state of California until 2000, when the brand was purchased by North Castle Partners, a private-equity firm based in Greenwich, Connecticut.

Nova Scotia Power

In 1992, NSPC was privatized by the provincial government of Premier Donald Cameron in what was then the largest private equity transaction in Canadian history.

Omar Samra

Samra then moved back to Cairo to work for Actis in the field of Emerging Markets Private Equity.

Orion Expedition Cruises

On the 20th May, 2008 Sarina Bratton, Founder and Managing Director of OEC announced the purchase of the company by US private equity firm KSL Capital Partners, and Cruise Ferry Master Fund (CFMF), a division of German shipping bank DVB.

PhotoBox

The company is majority owned by private equity firms Insight Venture Partners, Index Ventures, HarbourVest Partners, Quilvest Ventures, Greenspring Associates and Highland Capital Partners.

PrimeCo

The Illinois-Indiana PrimeCo territories were purchased by Clarity Partners, a Los Angeles-based private equity firm in 2001, who successfully improved the company's operations and later sold it to U.S. Cellular.

Private equity in the 1990s

In the 1980s, FedEx and Apple Inc. were able to grow because of private equity or venture funding, as were Cisco, Genentech, Microsoft and Avis.

Red Mango

The company's investors and advisors include John Antioco (former CEO and Chairman of Blockbuster Inc.), Dallas-based private equity firm CIC Partners, movie producer John Davis who is the son of Marvin Davis, movie producer Roy Lee, and Stone Canyon Venture Partners.

Renaud Dutreil

He was appointed Chairman of LVMH Moët Hennessy Louis Vuitton Inc. in August 2008 and is member of the Advisory Board of L Capital, a Private Equity fund part of LVMH.

RJR Nabisco

A fierce series of negotiations and proposals ensued which involved nearly all of the major private equity players of the day, including Morgan Stanley, Goldman Sachs, Salomon Brothers, First Boston, Wasserstein Perella & Co., Forstmann Little, Shearson Lehman Hutton, and Merrill Lynch.

Simpson's-in-the-Strand

The Savoy Group was purchased in 1998 by a private equity house, Blackstone Group, and, after further changes of ownership, the Savoy Hotel and Simpson's were split off from the rest of the group in 2005 and are run by Fairmont Hotels and Resorts.

Solyndra

Major investors included George Kaiser Family Foundation, U.S. Venture Partners, CMEA Ventures, Redpoint Ventures, Virgin Green Fund, Madrone Capital Partners, RockPort Capital Partners, Argonaut Private Equity, Masdar and Artis Capital Management.

Superamerica

Marathon sold SuperAmerica to Northern Tier Energy, a newly formed company backed by the private equity firms ACON Investments and TPG Capital, in February 2011.

The Omni Homestead Resort

In 2006 Club Resorts and its parent company ClubCorp, Inc. were acquired by a private-equity group led by KSL Capital Partners, LLC.

Tippmann

Originally a family owned business run from Fort Wayne, Indiana, in 2004 Dennis Tippmann Sr. sold a majority ownership stake to Summit Partners, a private equity firm.

Triago

Triago serves private equity general partners and limited partners globally from offices in New York, Paris and Dubai and employs a staff of 28, representing 14 different nationalities.

Unanue family

Andy Unanue, current Managing Partner of AUA Private Equity Partners and former Chief Operating Officer of Goya Foods since 1999 after his brother Joseph died.

WCAS

Welsh, Carson, Anderson & Stowe, a private equity investment firm in the United States

Wellspring

Wellspring Capital Management, a $2 billion private equity firm based in New York City