Firms set targets on industries, establish criteria for investment.WITH billions of dollars at their collective disposal, private equity firms arguably ar·gu·a·ble adj. 1. Open to argument: an arguable question, still unresolved. 2. That can be argued plausibly; defensible in argument: three arguable points of law. represent the most important investment vehicle in business today. Seldom will a week go by without word of some private equity deal. Actually, private equity is a broad term and covers a variety of financing arrangements. The firms themselves are a diverse bunch with their own specialties and preferences. The Business Journal has identified more than two dozen locally based players--some more forthcoming about their operations than others. What follows are the basics, as gathered by David Nusbaum, Kate Berry, Aarthi Sivaraman, Sarah Filus and Bonnie bon·ny also bon·nie adj. bon·ni·er, bon·ni·est Scots 1. Physically attractive or appealing; pretty. 2. Excellent. Lee. AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group Altaris Health Partners LP Founded: 2003 Headquarters: New York/Los Angeles Assets Under Management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. : $350 million Fund: AIG Altaris Health Partners LP ($350 million) Investments in 2005: None Investments in 2004: None Minimum Investment: $10 million Preferred Investment Size: $10 million-$50 million Recent Fundings: N/A Preferred Industry: Health care Preferred Financing Stage: Buyout/late-stage growth equity Sources of Capital: Institutional, high net worth individuals Top Executive: Todd G. French, managing director Summary: AIG Altaris Health Partners is a member of AIG Global Investment Group. The fund's primary interest is health care companies with strong intellectual property and value-investing characteristics. Its managing directors are Stephen E. Farinelli, Todd G. French and Michael J. Kluger. Ares Management LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control Founded: 1997 Headquarters: Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Assets Under Management: $7.6 billion (all assets) Funds: Ares Corporate Opportunities Fund, others Investments in 2005: Four (private equity only) Investments in 2004: Seven (private equity only) Minimum Investment: $10 million (private equity only) Preferred Investment Size: $25 million-$150 million (private equity only) Recent Fundings: National Bedding Co., Anchor Blue The name Anchor Blue may mean:
Preferred Industry: None Preferred Financing Stage: Middle-market growth Sources of Capital: Investors Top Executives: Antony Ressler, Seth Brufsky, David Kaplan David Kaplan is the name of:
Summary: Specializes in both the private equity and leveraged finance markets. The firm provides flexible junior capital to middle market companies. Prior to 1990, founding members Ressler and Kissick worked at Drexel Burnham Lambert Drexel Burnham Lambert was a major Wall Street investment banking firm, which first rose to prominence and then was driven into bankruptcy in the 1980s by its involvement in illegal activities in the junk bond market, driven by Drexel employee Michael Milken. Inc. Ressler was senior vice president in the high yield bond department, while Kissick served as senior executive vice president and later head of the corporate finance department. Aurora Capital Group LP Founded: 1991 Headquarters: Los Angeles Assets Under Management: $1.5 billion Funds: Not disclosed Investments in 2005: None Investments in 2004: Three Minimum Investment: $50 million Preferred Investment Size: $125 million Recent Fundings: K&F Industries Holdings Inc., Douglas Dynamic Holdings Inc. Preferred Industries: Manufacturing, distribution and service Preferred Financing Stage: Acquisitions, growth equity Sources of Capital: Pension funds, university endowments, banks, foundations Top Executives: Partners Gerald L. Parsky, Richard R. Crowell, John T. Mapes, Mark C. Hardy, Richard K. Roeder Summary: Invests in middle market companies with unique, defensible market positions. The firm does not participate in day-to-day operations of portfolio companies. A typical investment will last three to seven years, depending on market conditions. Parsky, one of the Aurora's founding partners, is chairman of the University of California The University of California has a combined student body of more than 191,000 students, over 1,340,000 living alumni, and a combined systemwide and campus endowment of just over $7.3 billion (8th largest in the United States). Board of Regents An independent governing body that oversees a state's public Colleges and Universities. All 50 states have governing bodies that oversee the administration of public education. . Bison Capital Asset Management LLC Founded: 2002 Headquarters: Santa Monica Santa Monica (săn`tə mŏn`ĭkə), city (1990 pop. 86,905), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1886. Tourism and retailing are important, and the city has motion-picture, biotechnology, and software industries. Assets Under Management: $310 million Funds: Bison Capital Structured Equity Partners LLC ($110 million), Bison Capital Equity Partners II LP ($200 million) Investments in 2005: One Investments in 2004: One Minimum Investment: $10 million Preferred Investment Size: $10 million-$30 million Recent Fundings: Metagenics Inc., Twin Med LLC, Helinet Aviation Services LLC, IMPCO Technologies Inc., GTS GTS abbr. gas turbine ship Holdings Inc. Preferred Industries: Basic industries with low technology risk Preferred Financing Stage: Growth and acquisition fmancing, balance sheet restructuring Sources of Capital: Institutional, high net worth individuals Top Executive: James K. Hunt, managing partner Summary: Bison Capital was co-founded in 2002 by Hunt and Douglas B. Trussler. Hunt is a former SunAmerica executive with a track record of more than $19 billion in investments. Trussler hails from Windward Capital Partners, where he participated in more than $750 million of private equity and mezzanine investing from 1995 to 2000. The fund seeks non-control investments in companies that have a founding owner or management teams that will retain significant ownership stakes. Bison is a secondary investor that will invest in various debt and equity structures at the mezzanine level Mezzanine level The period in a company's development just before it goes public. . Brentwood Associates Founded: 1972 Headquarters: Los Angeles Assets Under Management: $750 million Funds: Brentwood Associates IV LP ($161 million), Brentwood Associates Buyout Fund LP ($140 million), Brentwood Associates Buyout Fund II LP ($240 million), Bretnwood Associates Private Equity III LP ($530 million) Investments in 2005: Four Investments in 2004: Two Minimum Investment: $15 million Preferred Investment Size: $25 million-$75 million Recent Fundings: C.C. Filson Co., Pacific Island Restaurants Inc., Exhale exhale /ex·hale/ (eks´hal) to breathe out. ex·hale v. 1. To breathe out. 2. To emit a gas, vapor, or odor. Enterprises Inc., Spectrum Clubs Preferred Industries: Consumer products and services, direct marketing, health, wellness and conscious living, restaurants, specialty retail Preferred Financing Stage: Growth investments Sources of Capital: Pension funds, insurance companies, private and public endowments, wealthy individuals Top Executive: William M. Barnum Jr., general partner Summary: Brentwood Associates targets smaller companies. The firm's private equity arm was co-founded by Barnum in 1984. Brentwood has invested in recapitalizations, management buyouts and growth-equity investments. Its portfolio includes the specialty action-sports apparel retailer Zumiez Inc., the novelty toy and party supply marketer Oriental Trading Co. Inc., and Pacific Island Restaurants, the sole franchisee of Pizza Hut, Taco Bell Taco Bell Corp., a subsidiary of Yum! Brands, Inc., is a Mexican-style quick service restaurant chain based in Irvine, California, United States. The restaurant has locations primarily in the United States and Canada, but also operates outlets in several other markets. , A&W and Long John Silver's restaurants in Hawaii and sole franchisee of Pizza Hut in Guam and Saipan. Caltius Capital Management Founded: 1997 Headquarters: Los Angeles Assets Under Management: $525 million Funds: Caltius Partners HI LP ($300 million), Caltius Mezzanine Partners II LP ($172 million), Caltius Private Equity Partners I LP ($53 million) Investments in 2005: Five Investments in 2004: Five Minimum Investment: $5 million Preferred Investment Size: $5 million-$35 million Recent Fundings: Tristar Electronics, Select Rehabilitation, Zenith Administrators, Radiant Research, Scientech Preferred Industries: Light manufacturing, consumer products, business services, consumer services Consumer Services refers to the formulation, deformulation, technical consulting and testing of most consumer products, such as food, herbs, beverages, vitamins, pharmaceuticals, cosmetics, hair products, household cleaners, [paints, plastics, metals, waxes, coatings, minerals, Preferred Financing Stage: Growth, buyout Sources of Capital: Financial institutions, pension funds, fund-of-funds, high net worth individuals Top Executive: James B. Upchurch, president and chief executive Summary: Caltius is structured as two independent teams: One makes mezzanine debt investments of $5 million to $35 million to support expansion, buyouts, acquisitions, and recapitalizations; and the other makes private equity investments of between $5 million and $20 million to fund management-led buyouts, late-stage growth financings, leveraged recapitalizations, corporate divestitures and acquisitions. Before founding Caltius in 1997, Upchurch was president of U.S. Bancorp  This article or section needs copy editing for grammar, style, cohesion, tone and/or spelling.You can assist by [ editing it] now. Libra Libra (lē`brə, lī`–) [Lat.,=the scales], southern constellation lying on the ecliptic (the sun's apparent path through the heavens) between Virgo and Scorpius; it is one of the constellations of the zodiac. and its predecessor, Libra Investments. Upchurch also managed an investment portfolio of $4 billion at Columbia Savings and Loan Association savings and loan association, type of financial institution that was originally created to accept savings from private investors and to provide home mortgage services for the public. The first U.S. savings and loan association was founded in 1831. . Celerity ce·ler·i·ty n. Swiftness of action or motion; speed. See Synonyms at haste. [French célérité, from Old French, from Latin celerit Partners Founded: 1995 Headquarters: Los Angeles Assets Under Management: $200 million Funds: Celerity Partners SBIC SBIC Small Business Investment Company SBIC Sustainable Buildings Industry Council SBIC Singapore Bioimaging Consortium (Singapore) SBIC School Bus Information Council SBIC Saudi Basic Industries Corporation SBIC Scsi Bus Interface Controller LP ($72 million), Celerity Partners III LP ($72 million), Celerity Partners II LP ($40 million), Celerity Partners I LP ($8 million) Investments in 2005: None Investments in 2004: One Minimum Investment: $2 million Preferred Investment Size: $3 million-$4 Million Recent Fundings: Ortho Organizers, Peer 1 Networks, New Release, Orion Defense Systems, O Premium Waters Preferred Industries: IT products & services, manufacturing services, consumer products & services Preferred Financing Stage: Later stage/buyout Sources of Capital: Institutions, high net worth individuals, pension funds Top Executive: Stephen Adamson, managing partner Summary: The fund looks to invest in companies that show long-term growth in the manufacturing and services industries. Prospects must have a defensible market position, proven earnings and sustainable cash flow. The firm has invested in more than 40 companies since it was founded in 1995. Company co-founder and Managing Partner Mark Benham recently joined the board of one of Celerity Partners' incorporated companies, Peer 1 Network Enterprises Inc., a provider of Internet infrastructure. Centre Partners management LLC Founded: 1986 Headquarters: New York/Los Angeles Assets Under Management: $1.5 billion Funds: Center Partners IV LP $780 million Investments in 2005: Two Investments in 2004: Two Minimum Investment: $8 million Preferred Investment Size: $20 million-$75 million Recent Fundings: Garden Fresh Restaurant Corp., Uno Chicago Grill Uno Chicago Grill, formerly known as Pizzeria Uno or more informally as Uno's, is a loosely-franchised pizzeria restaurant chain credited[1] with creating Chicago-style pizza. , Quickie Manufacturing, Ross Aviation, Bumble bum·ble 1 v. bum·bled, bum·bling, bum·bles v.intr. 1. To speak in a faltering manner. 2. To move, act, or proceed clumsily. See Synonyms at blunder. v.tr. Bee Seafoods Preferred Industries: Consumer, food, industrial products and services, health care, retail and restaurants Preferred Financing Stage: Management buyouts, corporate spinouts, growth capital, leveraged buildups, corporate partnerships Sources of Capital: Institutional investors, previously financed Centre executives Top Executive: Robert Bergmann Summary: Since its inception in 1986, Centre Partners has invested over $3 billion in 80 companies across various industries, forming partnerships with their management teams who also hold a meaningful equity stake in the business. The firm invests in successful independent companies, in divisions or subsidiaries of larger companies, and in build-up companies. Centre contributes a network of experienced managers, IT services and technology expertise. Century Park Capital Partners Founded: 1999 Headquarters: Los Angeles Assets Under Management: $375 million Funds: Century Park Capital Partners LP ($110 million), Century Park Capital Partners II LP ($265 million) Investments in 2005: One Investments in 2004: Four Minimum Investment: $10 million Preferred Investment Size: $10 million-$35 million Recent Fundings: N/A Preferred Industries: Plastics/specialty packaging, medical components and supplies, specialty chemicals Preferred Financing Stage: Late stage Sources of Capital: Institutional limited partnerships Top Executives: Partners Martin Jelenko, Martin Sarafa, Charles Roellig and Paul Wolf Summary: Century Park Capital invests in companies by teaming up with owners and executives, who the firm sees as partners. Century Park's role is to provide strategic guidance, capital and financial acumen. The company can invest in a minority or a controlling interest controlling interest The ownership of a quantity of outstanding corporate stock sufficient to control the actions of the firm. Controlling interest often involves ownership of significantly less than 51% of a firm's outstanding stock because many owners fail , which gives the fund a degree of flexibility in choosing target investments. Clarity Partners LP Founded: 2000 Headquarters: Los Angeles Assets Under Management: $814 million Funds: Clarity Partners LP investments in 2005: Seven Investments in 2004: None Minimum Investment: $10 million Preferred Investment Size: $25 million-$75 million Recent Fundings: CaseStack, Westec Interactive, Telepacific Communications, Naylor Publications, Crescent Entertainment, Liberty International, IPWireless Preferred Industries: Communications, media and business services Preferred Financing Stage: Leveraged buyout leveraged buyout, the takeover of a company, financed by borrowed funds. Often, the target company's assets are used as security for the loans acquired to finance the purchase. , late-stage equity growth capital Sources of Capital: Not disclosed Top Executives: David Lee David Lee may refer to:
Porter was first elected at the 1979 general election as Member of Parliament (MP) for Bebington and Ellesmere Port. , Stephen P. Rader, R. Rudy Reinfrank, partners Summary: Clarity provides assistance with technology, marketing, operating and financing issues. Clarity's co-founder, David Lee, has established Centers for Advanced Networking at the California Institute of Technology California Institute of Technology, at Pasadena, Calif.; originally for men, became coeducational in 1970; founded 1891 as Throop Polytechnic Institute; called Throop College of Technology, 1913–20. in Pasadena and at the National Chiao Tung University Organization
tr.v. co·found·ed, co·found·ing, co·founds To establish or found in concert with another or others. co·found of Global Crossing in 1997, and served as president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. until early 2000. He started his professional career with Arthur Andersen For the U.S. Supreme Court case commonly known as Arthur Andersen, see . Arthur Andersen LLP, based in Chicago, was once one of the "Big Five" accounting firms (the other four are PricewaterhouseCoopers, Deloitte Touche Tohmatsu, Ernst & Young and KPMG), performing & Co. in Los Angeles. Freeman Spogli & Co. Founded: 1983 Headquarters: Los Angeles Assets Under Management: $1.29 billion Funds: FS Equity Partners III LP ($100 million), FS Equity Partners IV LP ($190 million), FS Equity Partners V LP ($1 billion) Investments in 2005: Two Investments in 2004: Two Minimum Investment: $30 million Preferred Investment Size: $100 million Recent Fundings: Winebow Inc., NEW Customer Service Cos., Gregg Appliances Inc., Bright Now Dental Inc. Preferred Industries: Retail stores, direct marketing, catalogs, distribution Preferred Financing Stage: Buyouts Sources of Capital: Pension funds, foundations, financial institutions and funds-of-funds. Top Executive: Bradford M. Freeman Summary: Freeman Spogli invests exclusively with management in retail, direct marketing and distribution companies. Since its founding in 1983, the firm has invested $2.2 billion in 38 portfolio companies. (Founder Bradford Freeman is a friend and supporter of President Bush.) Freeman Spogli helps guide its portfolio companies, but does not generally participate in their day-to-day operations. The company has eight principals with extensive industry experience. It also funds an institute for international studies at Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . Fulcrum fulcrum: see lever. Capital Group Founded: 1977 Headquarters: Culver City Culver City, city (1990 pop. 38,793), Los Angeles co., S Calif., a residential suburb of Los Angeles; inc. 1917. It is a center of the U.S. motion-picture industry, whose roots in the city date to c.1915. Its chief manufactures are rubber products and computers. Assets Under Management: $40 million Funds: Fulcrum Capital Partners LP, Fulcrum Capital Management LLC Investments in 2005: One Investments in 2004: One Minimum Investment: $1 million Preferred Investment Size: $3 million Recent Fundings: Cinema Screen Media, Senor Snacks Preferred Industries: Light manufacturing, services, communication Preferred Financing Stage: Later-stage Growth Sources of Capital: Industrial investors Top Executive: Brian E. Argrett, chief Executive Summary: Fulcrum provides acquisition and expansion capital to companies that are focused on emerging domestic markets in Southern California Southern California, also colloquially known as SoCal, is the southern portion of the U.S. state of California. Centered on the cities of Los Angeles and San Diego, Southern California is home to nearly 24 million people and is the nation's second most populated region, . The firm looks for small but growing companies that are often owned or managed by minority entrepreneurs and operating in urban areas. The firm aims to achieve a "double bottom line"--success for both its investors and the communities served by the companies. Its investments to date include Senor Snacks, a La Mirada-based snack company targeting the Hispanic market in the U.S. Fulcrum Capital Management is a private equity investment manager for Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis. & Co.; Fulcrum Capital Partners is a traditional private equity fund. The company also has a venture capital fund, Fulcrum Venture Capital Corp. Gilbert Global Equity Partners Founded: 1997 Headquarters: Beverly Hills/New York/ Connecticut Assets Under Management: $1.2 billion Funds: Gilbert Global Equity Partners ($1.2 billion) Investments in 2005: None Investments in 2004: Two Minimum Investment: $10 million Preferred Investment Size: $20 million-$120 million Recent Fundings: CPM (1) (Critical Path Method) A project management planning and control technique implemented on computers. The critical path is the series of activities and tasks in the project that have no built-in slack time. Holdings, True Temper Sports Preferred Industries: Diversified Preferred Financing Stage: Buyouts, growth equity Sources of Capital: Corporations, pension funds, university endowments, insurance companies, financial institutions Top Executive: Steven J. Gilbert Summary: The investment team left Soros Capital L.P., the principal private equity vehicle of the Quantum Group of Funds Quantum Group of Funds are privately owned hedge funds based on Curacao(Netherlands Antilles) and Cayman Islands. They are currently advised by George Soros through his company Soros Fund Management. However it's not publicly disclosed who are the shareholders and owners of those funds. . The firm takes controlling or strategic minority positions in its portfolio companies. Investments can be centered on a management team, company privatizations This list of privatizations provides links to notable and/or major privatizations. See also: Privatization. Argentina
Gores Group (formerly Gores Technology Group) Founded: 1992 Headquarters: Los Angeles Assets Under Management: $700 million Funds: Gores Capital Partners ($400 million) Investments in 2005: Five Investments in 2004: Four Minimum Investment: None Preferred Investment Size: $25 million Recent Fundings: Somero Enterprises, National Public Markets, Global Tel Link, V-Span, Pierce Technology Services, Omni Tech, Wire One Technology, Real Software, Proxicom, Anker Systems, Micron PC Computers, VeriFone Inc., Learning Co., Aprisma Preferred Industries: Technology, telecommunications, general industrial, health care, media Preferred Financing Stage: Buyout Sources of Capital: Discretionary private equity fund and founder's capital Top Executive: Alec E. Gores, chairman Summary: Gores Group has invested in 38 companies worldwide, focused on the technology and telecommunications sector. The firm often buys distressed tech properties from large corporate owners. Gores made news with its tech-wreck turnarounds such as Learning Co., purchased from Mattel Inc. and VeriFone Inc., a Hewlett-Packard Co. cast-off cast·off n. 1. One that has been discarded. 2. Printing A calculation of the amount of space a manuscript will occupy when set into type. adj. also cast-off Discarded; rejected. that was recapitalized with an investment by Chicago's GTCR GTCR Glacier Travel and Crevasse Rescue Golder Rauner LLC in 2002. Gores teamed up with brother Tom in an unsuccessful attempt to purchase telecom services firm Global Crossing Ltd. out of bankruptcy. In July, a Gores Group unit purchased AT&T Corp.'s National Public Markets division, which provides pay phone services in airports and prisons. Hancock Park
Hancock Park is a park in Miracle Mile, Los Angeles, California which is the location of the La Brea Tar Pits, the George C. Page Museum of La Brea Discoveries, and LACMA. Associates Founded: 1986 Headquarters: Los Angeles Assets Under Management: $400 million Funds: Hancock Park Capital II LP ($150 million), Hancock Park Capital III LP ($250 million) Investments in 2005: Four Investments in 2004: Four Minimum Investment: $5 million Preferred Investment Size: $5 million-$15 million Recent Fundings: American Furniture Co., Resco Products Inc., Compass Aerospace Corp., Borga Inc. Preferred Industries: Manufacturing and specialty retail Preferred Financing Stage: Buyouts Sources of Capital: Endowments, pension funds, fund-of-funds, high net worth individuals Top Executive: Michael Fourticq Sr., managing Partner Summary: Hancock Park tends to invest in small to mid-sized companies that are often ignored by larger groups. Fourticq was a partner at L.A.-based Brentwood Associates before leaving to start Hancock. The company's holdings include Omni Fitness, Classic Party Rentals, Resco Products Inc. and Saleen Inc., the Irvine-based race car manufacturer that has a partnership with Ford Motor Co. to make new versions of the Ford Mustang For other Ford Mustang models and concepts, see . The Ford Mustang is an automobile produced by the Ford Motor Company, originally based on the Ford Falcon compact.[1] and Focus. Kline Hawkes & Co. Founded: 1994 Headquarters: Los Angeles Assets Under Management: $300 million Funds: Kline Hawkes California ($48 million), Kline Hawkes California SBIC ($64 million), Kline Hawkes Pacific ($155 million) Investments in 2005: Four Investments in 2004: Five Minimum Investment: $3 million Preferred Investment Size: $5 million Recent Fundings: New Bridge College, Rayne Corp., Advanced Products Corp. Preferred Industries: Information technology, industrial manufacturing, education, environmental services The various combinations of scientific, technical, and advisory activities (including modification processes, i.e., the influence of manmade and natural factors) required to acquire, produce, and supply information on the past, present, and future states of space, atmospheric, , health care Preferred Financing Stage: Growth capital Sources of Capital: Pension funds, institutional investors Top Executive: Frank R. Kline, managing partner Summary: The company invests in expansion-stage opportunities and change-of-control transactions in the middle market. It places emphasis on management teams, overall market size and rapid growth situations in California, but also considers investing in other states. Target companies will typically have revenues above $2 million and be at or near profitability. Leonard Green & Partners LP Founded: 1989 Headquarters: Los Angeles Assets Under Management: $3.7 billion Funds: Green Equity Investors IV LP ($1.85 billion), Green Equity III LP ($1.24 billion), Green Equity Investors II LP ($310 million), Green Equity Investors LP ($220 million), GCP GCP Good Clinical Practice GCP Ground Control Point GCP Global Carbon Project GCP Gateway Control Protocol GCP Global Consciousness Project GCP Granulocyte Chemotactic Protein GCP Grand Central Parkway (New York) California Fund LP ($50 million) Investments in 2005: Five Investments in 2004: Two Minimum Investment: $50 million Preferred Investment Size: $100 million-$200 million Recent Fundings: Tire Rack Inc., Neiman Marcus Neiman Marcus U.S. department-store chain. It was founded in Dallas, Texas, in 1907 by Herbert Marcus, his sister Carrie Marcus Neiman, and her husband, A.L. Neiman. Group Inc., Claim Jumper Noun 1. claim jumper - one who illegally occupies property to which another has a legal claim supplanter, usurper - one who wrongfully or illegally seizes and holds the place of another Restaurants LLC Preferred industries: Broad range of industries, consumer-oriented businesses Preferred Financing Stage: Established buyouts Sources of Capital: Institutional investors Top Executives: John G. Danhakl, Peter J. Nolan and Jonathan D. Sokoloff, managing Partners Summary: Founder Leonard Green, who died in 2002, was a pioneer in leveraged buyouts, with a career dating back to the late 1960s. Green engineered the buyouts of Budget Rent-A-Car Corp., Kash n' Karry Food Stores Inc. and Purex Industries. The firm invests in established market leaders and avoids startups and technology companies. It usually takes a board seat to direct financial and strategic development, but does not get involved in day-to-day operations. Since 1989, it has invested in 37 companies with aggregate value of about $20 billion. Its GPC (1) A PC that uses the Linux-based gOS operating system. See gOS. (2) (GPC Group) Originally the Graphics Performance Characterization committee of the NCGA, the GPC Group is now part of Standard Performance Evaluation Corporation (SPEC) and oversees the following California Fund LP is a partnership to invest in California companies and underserved markets. Lovell Minnick Partners LLC Founded: 1999 Headquarters: Rolling Hills Rolling hills are like a mountain chain, only a "hill chain" of hills that roll on and on continually. You will often find them in between plains and mountains, near major rivers, or randomly anywhere. The only places without rolling hills are deserts and flood plains. Estates Assets Under Management: $250 million Funds: Lovell Minnick Equity Partners LP ($105 million), Lovell Minnick Equity Partners II LP ($100 million), Progress Lovell Minnick Ventures LLC ($40 million) Investments in 2005: Two Investments in 2004: Two Minimum Investment: $5 million Preferred Investment Size: $20 million Recent Fundings: Duff & Phelps Holdings, ALPS Alps, great mountain system of S central Europe, c.500 mi (800 km) long and c.100 mi (160 km) wide, curving in a great arc from the Riviera coast on the Mediterranean Sea, along the borders of N Italy and adjacent regions of SE France, Switzerland, SW Germany, and Financial Services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. Inc. Preferred Industry: Financial services Preferred Financing Stage: Buyout, growth/expansion Sources of Capital: Institutional limited partnerships, co-investors Top Executive: Jeffrey D. Lovell, managing Director Summary: The firm is a successor to the private equity businesses of Putnam Lovell Capital Partners and Putnam Lovell NBF NBF National Bank Financial NBF National Business Furniture NBF Norsk Bibliotekforening NBF Norges Blindeforbund NBF National Biosafety Framework NBF National Book Festival NBF Neutral Buffered Formalin NBF New Best Friend Securities, two affiliates of the National Bank of Canada This article is about a commercial bank. For Canada's central bank, see Bank of Canada. National Bank of Canada (Banque Nationale du Canada) TSX: NA is the sixth largest bank in Canada, and so is one of the Big Six banks. . The company also manages a venture capital portfolio for the California Public Employees Retirement System's Managing Development Program. Lovell co-founded Putnam Lovell Securities, now Putnam Lovell NBF, in 1987. Before that, he was an executive at SEI Investments. Nogales Nogales (nōgä`lās), city (1990 pop. 19,489), Santa Cruz co., S Ariz. on the Mexican border with its adjacent city, Nogales (1990 pop. 105,873), Sonora, NW Mexico. There are copper, silver, and lead mines. Investors Founded: 2001 Headquarters: Los Angeles Assets Under Management: $100 million Fund: Negates Investors Fund I LP ($100 million) Investments in 2005: Three Investments in 2004: Two Minimum investment: $5 million Preferred investment Size: $10 million-$15 Million Recent Fundings: Chick's Sporting Goods Noun 1. sporting goods - sports equipment sold as a commodity commodity, trade good, good - articles of commerce sports equipment - equipment needed to participate in a particular sport Inc., Alfa Leisure Inc., Video King Preferred industries: Manufacturing, retail, business services and distribution Preferred Financing Stage: Mature, cash generating companies with a proven track record and an established operating history Sources of Capital: Financial institutions Top Executive: Luis Nogales, managing partner Summary: Nogales, former president of Univision and president and chief executive of United Press International, is very involved in the strategic direction of the portfolio companies, which include Alpha Leisure and G.I. Joe's. The firm looks for companies in low-technology sectors that have opportunities to grow and identifiable exit strategies. Negates is a board member of Edison International Edison International (NYSE: EIX) is a public utility holding company based in Rosemead, California. Its subsidiaries include Southern California Edison, and un-regulated non-utility assets Edison Mission Energy, a power producer, and Edison Capital. , KB Home, Arbitron Inc., the Getty Trust and the Mayo Clinic Mayo Clinic: see Mayo, Charles Horace. Mayo Clinic voluntary association of more than 500 physicians in Rochester, Minnesota. [Am. Hist.: EB, 11: 723] See : Medicine Trust. The partners of Nogales Investors have significant experience on boards of small, medium and Fortune 500 companies. Norwest Equity Partners Founded: 1961 Headquarters: Minneapolis/Los Angeles Assets Under Management: $800 million (private equity only) Funds: Norwest Equity Partners VIII ($800 million) Investments in 2005: Nine Investments in 2004: 11 Minimum Investment: $20 million Preferred Investment Size: $20 million-$80 Million Recent Fundings: Glenmac Inc., Optical Components Inc., Nitral Urbana, KT Industries, Sweepster/FFC LLC, Bekins Logistic Preferred industries: Manufacturing, distribution, business services, consumer products, health care services Preferred Financing Stage: Management buyout, recapitalization Recapitalization Restructuring a company's debt and equity mixture often with the aim of making a company's capital structure more stable. Notes: Companies often want to diversify their debt-to-equity ratio to improve liquidity. , growth financing Source of Capital: Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. & Co., primary limited partner Top Executive: Steven Burge, partner Summary: Not involved in day-to-day operations but does serve on boards. If a company wants to finance growth through internal expansion or acquisition, Norwest provides additional equity. Average investment period is between three and seven years. Before joining Norwest, Burge, general partner in the Los Angeles office, co-managed Wells Fargo Equity Capital Inc., a $100 million equity fund affiliated with Wells Fargo & Co. He has also spent time as a managing general partner of Wedbush Capital Partners. Oaktree Capital Management Oaktree Capital Management LLC is a US investment management corporation which operates a number of investment entities commonly known as hedge funds of approximately $40 Billion. LLC Founded: 1995 Headquarters: Los Angeles Assets Under Management: $3.7 billion (private equity) Funds: TCW TCW Total Carat Weight TCW Temporal Cold War (Star Trek Enterprise) TCW Troop Carrier Wing TCW Turnbuckle Championship Wrestling TCW Tasty Coma Wife (Scrubs episode) Special Credits Fund V-The Principal Fund ($401 million), OCM OCM Oracle Certified Master (database administrator certification) OCM Organization for Competitive Markets OCM Onondaga Cortland Madison (counties in New York) OCM Olympic Council of Malaysia Principal Opportunities Fund LP ($625 million), OCM Principal Opportunities Fund II LP ($1.27 billion), OCM Principal Opportunities Fund III LP ($1.4 billion) Investments in 2005: Four Investments in 2004: 12 Minimum Investment: $25 million-$50 million Preferred Investment Size: $75 million-$150 million Recent Fundings: Genco Shipping & Trading, Pegasus Aviation Finance, Cannery Casino Resort, Crimson Exploration, HydroChem Industrial Services Preferred Industries: Shipping, casinos, media/entertainment, energy, manufacturing Preferred Financing Stage: Distress for control, buyouts Sources of Capital: Pension funds, endowments, foundations, high net worth individuals Top Executives: Howard Marks Dennis Howard Marks, also known as Mr. Nice, (born August 13 1945 in Kenfig Hill, near Bridgend, Wales) achieved notoriety as an international hashish smuggler through high-profile court cases, supposed connections with groups such as MI6, the IRA, and the Mafia, and his , chairman; Bruce Karsh, president; Stephen Kaplan and Ronald Beck, co-portfolio managers Summary: Founded by seven of its principals, including Marks, Karsh and Kaplan, all veterans of Trust Co. of the West. Oaktree is active in the high-yield bonds, convertible, and distressed debt distressed debt Debt with low junk status and a market price substantially below par value, often pennies on the dollar. Investors sometimes buy distressed debt on the possibility that management can renegotiate loan agreements and keep the issuer out of markets, as well as making principal investments and buying distressed real estate. Its 10 principals, along with over 50 key employees, own 90 percent of the company. A typical investment strategy is to buy debt of distressed companies and assert some level of control in a restructuring. Past investments include the Loews Cineplex, Landmark Theatres and Regal Theatres chains, as well as its more recent funding of an art house chain run by the Sundance Group. It also purchased several European units of Sara Lee
Sara Lee Corporation (NYSE: SLE) is a global consumer-goods company based in Downers Grove, Illinois, USA. Corp. that make women's apparel and undergarments. Omninet Capital LLC Founded: 1997 Headquarters: Beverly Hills Beverly Hills, city (1990 pop. 31,971), Los Angeles co., S Calif., completely surrounded by the city of Los Angeles; inc. 1914. The largely residential city is home to many motion-picture and television personalities. Assets Under Management: $100 million Fund: Omninet Private Equity Investments in 2005: Not disclosed Investments in 2004: Not disclosed Minimum Investment: $2 million Preferred Investment Size: $5 million-$10 million Recent Fundings: Paramount Scaffolding Preferred Industries: Manufacturing, plastics, business services, consumer products, technology Preferred Financing Stage: Revenue of at least $15 million Sources of Capital: Principals' private capital Top Executive: Benjamin Nazarian, president Summary: Focuses on growing companies with sales ranging from $15 million to $150 million in the Western U.S. It has also invested in manufacturing and business service companies in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe. The firm collaborates with family owners and management teams in both leveraged buyouts and recapitalizations and has a flexible investment approach. A large amount of the financing comes from its principals, who have invested over $100 million of their own capital to the private equity fund. Pasadena Capital Partners LLC Founded: 2002 Headquarters: Pasadena Assets Under Management: N/A Funds: Pasadena Capital Partners LLC Investments in 2005: None Investments in 2004: None Minimum Investment: $7 million Preferred Investment Size: $10-$20 million Recent Fundings: None Preferred Industries: Consumer products, services or franchises Preferred Financing Stage: Buyout Sources of Capital: Institutions, family offices and high-net worth investors Top Executive: Gregory Annick, president Summary: This is a "debut fund" firm, in the process of raising a targeted $150 million. The fund, launched in 2002, is aimed at buyouts of small to mid-size companies in Southern California. Pasadena Capital was started by Annick, formerly a partner at Leonard Green & Partners LP. Platinum Equity Platinum Equity is an American information technology and private equity firm. It was founded by billionaire Tom Gores in 1995 and is headquartered in Beverly Hills, California. Capital Partners Founded: 2004 Headquarters: Beverly Hills Assets Under Management: Not disclosed Funds: Platinum Equity Partners I ($700 million) Investments in 2005: Six Investments in 2004: Six Minimum Investments: Not disclosed Preferred Investment Size: Not disclosed Recent Fundings: US Robotics US Robotics - U.S. Robotics, Inc. , Turf Care Supply Corp., American Racing American Racing Equipment Inc. is a high performance after-market wheel manufacture started during the American muscle car era. History American Racing was founded by Romeo Palamides, a drag racer, J.O. Equipment, ACR See riser card. Logistics, CompuCom Systems, GE IT Solutions, GeoLogic Solutions Preferred Industries: Communications equipment and services, 1T services, logistics, manufacturing and distribution, automotive aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. Preferred Financing Stage: Acquisitions of established companies Sources of Capital: Institutional investors, pension funds, foundations Top Executive: Tom Gores Tom Gores is a self made financier whose investment holdings include California leveraged buyout business Platinum Equity, where he is founder, chairman and chief executive officer. Through Platinum Equity, Mr. , chairman and chief executive Summary: Founder Gores has completed 70 transactions since 2004, targeting "strategic sellers"--large companies such as General Electric Co. and Motorola Inc. that are shedding assets. Platinum will buy and reassemble re·as·sem·ble v. re·as·sem·bled, re·as·sem·bling, re·as·sem·bles v.tr. 1. To bring or gather together again: reassembled the band for a reunion tour. 2. these entities, merging companies in one market to create a stronger, repositioned single player. Each of its portfolio companies has an independently operated management team. Riordan Lewis & Haden Founded: 1984 Headquarters: Los Angeles Assets Under Management: $250 million Funds: Not disclosed Investments in 2005: Two Investments in 2004: One Minimum Investment: $5 million Preferred investment Size: $10 million-$15 million Recent Fundings: Con-Cise Lens Co., Cymetrix Corp. Preferred Industries: Business services outsourcing, health care services, manufacturing, distribution Preferred Financing Stage: Growth equity Sources of Capital: Institutional investors, high net worth individuals Top Executive: J. Christopher Lewis, managing Partner Summary: Provides equity capital to companies typically over a four- to six-year period, financing growth, management-led buyouts and facilities recapitalizations. Former L.A. Mayor Richard Riordan Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002. founded the company more than 20 years ago. Lewis has been with the firm for more than 20 years, and former USC An abbreviation for U.S. Code. and L.A. Rams quarterback Patrick Haden joined in 1987. Lewis and Haden are board members at a number of publicly and privately held companies privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. . Sage Capital Partners LP Founded: 2003 Headquarters: Los Angeles Assets Under Management: $50 million Funds: Sage Capital Partners LP Investments in 2005: Two investments in 2004: One Minimum investment: $3 million Preferred Investment Size: $5 million Recent Fundings: None Preferred Industries: Business services, consumer products, manufacturing, alternative energy Preferred Financing Stage: Buyouts, recapitalization, growth equity Sources of Capital: Wealthy individuals Top Executives: Brad de Koning, Daniel Gardenswartz, managing partners Summary: Sage acquired Mercury Partners Fund III LP in 2003 and changed its name to Sage Capital Partners LP. It now serves as the private equity arm for the Los Angeles-based merchant bank. The firm seeks companies with experienced management teams, well-defined business segments, strong market positions, and significant potential for long-term growth. Seidler Equity Partners Founded: 1992 Headquarters: Los Angeles Assets Under Management: $450 million Funds: Seidler Co. LLC, Seidler Equity Partners LP, Seidler Equity Partners II LP Investments in 2005: Two Investments in 2004: Four Minimum Investment: $10 million Preferred Investment Size: $25 million Recent Fundings: Paragon Medical Inc., Harmar Mobility LLC, Gary Platt Manufacturing LLC Preferred Industries: Middle-market niche manufacturing and services businesses Preferred Financing Stage: Buyouts, growth capital, recapitalizations, estate planning Estate Planning The overall planning of a person's wealth, including the preparation of a will and the planning of taxes after the individual's death. Notes: Contrary to popular belief, estate planning involves much more than preparing a will, and it is not only for the Sources of Capital: Insurance companies, foundations, family offices, funds of funds Top Executive: Peter Seidler, managing Partner Summary: The firm engages in management buyouts, owner-operator recapitalizations and growth financing. Portfolio companies include LA Fitness International LLC, in which the company first invested in 1998. The firm usually takes a board position with portfolio companies. Shamrock Holdings Shamrock Holdings is the firm founded as the Roy E. Disney family investment firm and the Disney family remains a key investor. Roy is its chairman, and Stanley Gold its President/CEO. Shamrock owns a number of assets including hotels and radio and television stations. of California Inc. Founded: 1978 Headquarters: Burbank Assets Under Management: $855 million Funds: Shamrock Capital Growth Fund LP ($161 million), Shamrock Activist Value Fund LP ($220 million), Genesis L.A. Real Estate Fund LLC ($85 million), Genesis Real Estate Fund II LLC ($104 million), Shamrock Israel Growth Fund LP ($125 million), Shamrock Capital Growth Fund II LP ($155 million) Investments in 2005: Nine Investments in 2004: Nine Minimum Investment: $2 million Preferred Investment Size: $40 million Recent Fundings: Harlem Globetrotters Harlem Globetrotters African American professional basketball team. The team was organized in 1927 in Chicago by the promoter Abe Saperstein and initially was a competitive team that won a world professional championship in 1940. Inc., Ginegar Plastic Enterprises Ltd., Telegram Holdings Preferred industries: Media, entertainment, real estate development, manufacturing, hotels Preferred Financing Stage: Growth capital, leveraged buyouts, recapitalizations Sources of Capital: Pension funds, private equity from institutions, insurance companies, banks Top Executive: Stanley P. Gold, president Summary: The investment company founded by Disney heir Roy Disney Roy Disney can refer to two different people:
Very liquid securities that can be converted into cash quickly at a reasonable price. Notes: Marketable securities are very liquid as they tend to have maturities less than one year, and the rate at which these securities can be bought or sold has and real estate. Most recently, it has been making domestic private equity investments in media, entertainment and communications properties. Vintage Capital Group LLC Founded: 2003 Headquarters: Los Angeles Assets Under Management: $150 million (private equity) Funds: Vintage Capital Partners LP, Vintage Capital Group LLC Investments in 2005: Two Investments in 2004: Two Minimum Investment: $5 million Preferred Investment Size: $5 million-$10 million Recent Fundings: PCA (tool, programming) PCA - A dynamic analyser from DEC giving information on run-time performance and code use. Aerospace, Lubricating Specialties Co., eScreen Inc. Preferred Industries: Diversified Preferred Financing Stage: Later-stage growth Sources of Capital: Institutional, high net worth individuals Top Executives: Fred Sands, chairman; Mark Sampson and Henry Brandon Henry Brandon can refer to several people, including:
Summary: Founded by Sands after he sold his regional real estate brokerage, Vintage typically invests in companies with revenues ranging from $20 million to $250 million. The firm prefers to support management teams that have a significant portion of their net worth invested in their business that are in need of capital to support growth, acquisitions, balance sheet restructurings, majority or minority recapitalizations, or in support of a management-sponsored buyout. Yucaipa Cos. Founded: 1986 Headquarters: Los Angeles Assets Under Management: $2 billion (estimated) Funds: Yucaipa Corporate Initiatives Fund ($577 million), Yucaipa American Fund Investments in 2005: Not disclosed Investments in 2004: Not disclosed Minimum Investments: Not disclosed Preferred Investment Size: Not disclosed Recent Fundings: Aloha Airgroup Inc., AmeriCold Logistics, Pathmark Stores Inc. Preferred Industry: Lower-income urban and rural communities, minority-owned businesses Preferred Financing Stage: Buyouts, growth equity Sources of Capital: Pension funds, foundations, other Top Executive: Ron Burkle Summary: Former supermarket magnate Burkle's private equity arm invests in companies that operate in underserved urban and rural communities. The firm also invests in businesses that are owned and/or managed by minorities. Its investors include large pension funds, such as the California Public Employees' Retirement System, New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of State Common Retirement Fund and California State Teachers' Retirement System. Burkle hired his friend Bill Clinton as a senior advisor In some countries, a Senior Advisor is an appointed position by the Head of State to advise on the highest levels of national and government policy. Sometimes a junior position to this is called a National Policy Advisor. for Yucaipa American Fund and Yucaipa Corporate Initiatives Fund in 2002. Yucaipa was bidding for the assets of bankrupt commodities trader Refco Inc. and owns a near-40 percent stake in Pathmark Stores Inc. |
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