Movatterモバイル変換


[0]ホーム

URL:


Jump to content
WikipediaThe Free Encyclopedia
Search

MidOcean Partners

From Wikipedia, the free encyclopedia
(Redirected fromFierceBiotech)
American private equity firm
This articleneeds additional citations forverification. Please helpimprove this article byadding citations to reliable sources. Unsourced material may be challenged and removed.
Find sources: "MidOcean Partners" – news ·newspapers ·books ·scholar ·JSTOR
(August 2019) (Learn how and when to remove this message)
MidOcean Partners
Company typePrivate Ownership
IndustryPrivate Equity
FoundedFebruary 2003; 22 years ago (2003-02)
FounderTed Virtue
HeadquartersMidtown Manhattan, New York City
Area served
Global
ProductsPrivate equity funds,Leveraged buyouts
Total assets$10 billion[1]
Websitewww.midoceanpartners.com

MidOcean Partners is aNew York based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.[2][3]

The firm, founded in February 2003,[4][5] is based inMidtown Manhattan. MidOcean was originally formed by the managers of DB Capital Partners to acquireDeutsche Bank's late stageprivate equity investments in the United States and Europe in one of the largestprivate equity secondary transactions completed to date.[6][7]

History

[edit]

MidOcean Partners was formed through amanagement spinout transaction. A group of investors provided capital to the managers of DB Capital Partners, led by MidOceanCEO Ted Virtue, to acquire the portfolio ofprivate equity investments they had managed atDeutsche Bank.[8] In addition to the €1.5 billion DB portfolio, MidOcean took over a €1 billion portfolio from a subsidiary of DB.[9] Among the investors in the transaction were NIB Capital Private Equity (todayAlpInvest Partners),HarbourVest Partners, Paul Capital Partners,Coller Capital,Ontario Teachers' Pension Plan andCPP Investment Board, with investments fromNorthwestern Mutual, TheYucaipa Companies and Presidential Life.[8] Themanagement spinout of MidOcean, at the time valued at €1.5 billion (over $1.8 billion) was then and is still one of the largest transactions completed in theprivate equity secondary market.[6]

In 2003, MidOcean sold theclass ring and school yearbook supplierJostens for nearly $500 million to CSFB.[10]

In 2009, MidOcean Partners formed MidOcean Credit Opportunity LP.[5][11]

In December 2018, MidOcean acquired HW Holdco and Meyers Research.[12][13]

In May 2021, MidOcean sold their majority stake in The Planet Group to ProPharma Group.[14] In November that same year, Hunter Point Capital bought a minority stake in MidOcean.[15][16]

In June 2022, MidOcean Partners acquired Pragmatic Institute, a product management training company.[17][18][19]

The spinout of MidOcean came at the same time as the spinouts of private equity groups from other leading investment banks including:JPMorgan Chase (CCMP Capital),Citigroup (Court Square Capital Partners),Morgan Stanley (Metalmark Capital) andCredit Suisse First Boston (Avista Capital Partners,Diamond Castle Holdings).[citation needed]

Investments

[edit]

Among MidOcean's investments are various business services; consumer and leisure companies,media and niche industrial services companies including:

  • FierceMarkets Inc., aWashington, DC–based electronic media company focused on online and e-mail newsletter trade publishing covering various industries.[25][26][27] Fierce-branded properties includeFierceBiotech,FierceCable,FierceCEO,FierceHealthcare,FiercePharma,FierceRetail,FierceTelecom, andFierceWireless.[28][29]
  • Marketplaces, including Beauty, Spa & Wellness, Hospitality, Life Sciences & Healthcare, Telecommunications & Technology and Travel[29]

Former investments

[edit]

Leadership

[edit]
  • Ted Virtue – CEO
  • Steve Shenfeld – President
  • Deborah Hodges – COO & Managing Director
  • Andrew Spring – CFO & Managing Director[33]

References

[edit]
  1. ^'About', company web site. Earlier, an undated figure of $11.5 billion was listed, citing"Private Equity", a company web page which no longer publishes an asset-amount figure. Retrieved 2019-05-24.
  2. ^"MidOcean Partners raises over $1.5bn for sixth PE fund". Retrieved2024-02-19.
  3. ^"MidOcean Partners Raises Over $1.5 Billion for Sixth Private Equity Fund".www.businesswire.com. 2023-04-04. Retrieved2024-02-19.
  4. ^"Credit Suisse Gets Federal Nod to Sell DLJ Merchant Banking to Coller". Dow Jones. Retrieved1 September 2015.
  5. ^ab"Hunter Point Capital Takes a Stake in MidOcean Partners - SWFI".www.swfinstitute.org. Retrieved2024-02-19.
  6. ^ab"MidOcean to manage Morgan Grenfell assets".Infrastructure Investor. 2013-01-15. Retrieved2024-03-25.
  7. ^Marco (2003-02-21)."Deutsche Bank: asset sale".Coller Capital. Retrieved2024-03-25.
  8. ^ab"Deutsche Bank: asset sale".Coller Capital. 2003-02-21. Retrieved2024-02-19.
  9. ^"MidOcean to manage Morgan Grenfell assets".Infrastructure Investor. 2013-01-15. Retrieved2024-07-02.
  10. ^Meikle, Brad (2003-07-07)."Investcorp Sells Jostens To CSFB For $1.1B -".Buyouts. Retrieved2024-07-02.
  11. ^"MidOcean Partners Sells Majority Stake in The Planet Group | MidOcean Partners".www.midoceanpartners.com. Retrieved2024-07-03.
  12. ^"MidOcean Partners Announces Acquisitions and Merger of Hanley Wood and Meyers Research".businesswire. December 12, 2018. Retrieved2024-07-03.
  13. ^"MidOcean buys Kennedy-Wilson's Meyers Research, merges it with Hanley Wood".S&P Global. 12 December 2018. Retrieved2024-07-03.
  14. ^"MidOcean Partners Sells Majority Stake in The Planet Group".businesswire. May 27, 2021. Retrieved2024-03-07.
  15. ^"Hunter Point Capital makes minority investment in MidOcean".S&P Global. 2021-11-01. Retrieved2024-07-04.
  16. ^"Bennett Goodman Strikes Deal for Stake in $10 Billion MidOcean".news.bloomberglaw.com. Retrieved2024-07-04.
  17. ^"MidOcean".www.bizjournals.com. Retrieved2022-07-18.
  18. ^"July 12, 2022: MidOcean Acquires Professional Training Provider".Middle Market Growth.
  19. ^"Pragmatic Institute Has Been Acquired by MidOcean Partners".William Blair.
  20. ^"MidOcean Partners Acquires Jostens".mergr.com. Retrieved2024-03-25.
  21. ^O'Brien, Bob (4 June 2015)."MidOcean Partners struggles to put rocky performance in past". The Deal. Retrieved11 June 2015.
  22. ^"KidKraft | MidOcean Partners".
  23. ^Farooque, Faizan,"MidOcean buys B2B information services provider Questex", S&P Global Market Intelligence, 13 September 2018. Retrieved 2019-03-27.
  24. ^Silber, Tony."B2B Publisher Questex Acquired By The Private-Equity Firm MidOcean Partners".Forbes. Retrieved2019-12-16.
  25. ^Selby, Shawn (January 13, 2013)."Washington area business diary for week of Jan. 14".The Washington Post. RetrievedNovember 12, 2020.
  26. ^Joyce, Amy (January 12, 2003)."Unwind . . . Before You Unravel".The Washington Post. RetrievedNovember 12, 2020.
  27. ^Selby, Shawn (February 12, 2013)."Washington area business diary for week of Feb. 13".The Washington Post. RetrievedNovember 12, 2020.
  28. ^Questex LLC (December 12, 2018)."Home - Questex". Archived fromthe original on 2018-12-12.
  29. ^abQuestex main web page. Retrieved 2019-03-27.
  30. ^de la Merced, Michael J.,"Bushnell, Maker of Gun Accessories, Is Sold for $985 Million", New York Times Deal Book, September 5, 2013. Retrieved 2019-05-24.
  31. ^"HIG becomes Jenny Craig's latest PE backer | PitchBook".pitchbook.com. Retrieved2020-02-09.
  32. ^Vasquez, Justina,"Church & Dwight to Buy Water Pik for $1 Billion"(subscription required),Wall Street Journal, July 17, 2017. Dental equipment and showerhead company. Retrieved 2017-07-17.
  33. ^"Leadership".Official Website. Retrieved2 June 2020.

External links

[edit]


Private equity andventure capital investment firms
Investment strategy
History
Investors
ABN Amro
AAC Capital Partners
Bank of America
Ridgemont Equity Partners
Barclays
Barclays Private Equity
Barings Bank
Baring Vostok Capital Partners
Baring Private Equity Asia
GP Investments
Bear Stearns
Irving Place Capital
CIBC World Markets
Trimaran Capital Partners
Citigroup
Metalmark Capital
Court Square Capital Partners
CVC Capital Partners
Credit Suisse
Avista Capital Partners
Diamond Castle Holdings
Deutsche Bank
MidOcean Partners
First Chicago Bank(defunct)
GTCR
Madison Dearborn Partners
Goldman Sachs
Goldman Sachs Capital Partners
JPMorgan Chase
CCMP Capital
HPS Investment Partners
One Equity Partners
Lazard
Lazard Alternative Investments
Lehman Brothers(defunct)
Trilantic Capital Partners
Morgan Stanley
Metalmark Capital
Nomura Securities
Terra Firma Capital Partners
UBS
Affinity Equity Partners
Capvis
Lightyear Capital
Wells Fargo
Norwest Venture Partners
Pamlico Capital
William Blair & Company
Chicago Growth Partners
Retrieved from "https://en.wikipedia.org/w/index.php?title=MidOcean_Partners&oldid=1265042191#Questex"
Categories:
Hidden categories:

[8]ページ先頭

©2009-2025 Movatter.jp