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| Type | Private Ownership |
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| Founded | 1984 |
| Headquarters |  Boston, Massachusetts |
| Industry | Private Equity |
| Products | Private equity funds, Leveraged buyouts |
| Total assets | $6.5 billion[1] |
| Website | www.berkshirepartners.com |
Berkshire Partners is a private equity firm focused on leveraged buyout transactions of middle-market companies. The firm focuses on industrial manufacturing, consumer products, communications, transportation, retailing and related services and business services.
The firm is headquartered in Boston, Massachusetts and was founded in 1984 by several former investment professionals from Thomas H. Lee Partners.
Contents |
History
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Early History |
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Berkshire was founded by Bradley M. Bloom, J. Christopher Clifford, Carl Ferenbach, Richard K. Lubin and Russell L. Epker in 1984. The firm traces its roots back to Boston's Thomas H. Lee Partners, a large-cap private equity firm founded a decade earlier. Since its founding in 1984, Berkshire has raised seven private equity funds with total investor commitments of $6.5 billion since inception.
- Berkshire Fund I (1984) - $59 million
- Berkshire Fund II (1986) - $125 million
- Berkshire Fund III (1992) - $168 million
- Berkshire Fund IV (1996) - $387 million
- Berkshire Fund V (1999) - $985 million
- Berkshire Fund VI (2002) - $1,700 million
- Berkshire Fund VII (2006) - $3,100 million
Portfolio
Since its inception in 1984, Berkshire has invested in more than 90 companies. The firm tends to invest in the consumer products, retailing, business services, transportation, energy, industrial manufacturing and communications sectors. The following is a selected list of the firm's investments:
- Lechmere (1989), a retail store chain in New England[2][3]
- Papa Gino's (1992)
- Crown Castle International Corp. (1995)
- British Rail Freight Assets (1996, Loadhaul, Mainline Freight and Transrail Freight)[4]
- Broadcasting Corporation's transmission network(1997)[5]
- Cypress Tree Investments (1997)[6]
- Holmes Products (1997)[7]
- Fresh Start Bakeries (1999)[8]
- InteSys Technologies (1999)[9]
- Casella Waste Systems (2000)
- U.S. Can Corporation (2000)[10]
- Carter's, Inc.(2001) - manufacturer of children's apparel[11][12]
- Bartlett Nuclear (2004)[13]
- G.M. Electro-Motive Division (2005)[14]
- Party City (2005)[15]
- America's Best (2005)[16]
External links
- Berkshire Partners (company website)
- Berkshire Partners (The Daily Deal)
References
- ^ Represents fund raised since inception
- ^ "Dayton Hudson To Sell a Chain." New York Times, July 20, 1989
- ^ "MONTGOMERY WARD TO ACQUIRE LECHMERE CHAIN." New York Times, February 2, 1994
- ^ "CONSORTIUM ACQUIRES 3 RAIL FREIGHT COMPANIES." Associated Press, February 27, 1996
- ^ "Group to Buy A BBC Network." New York Times, February 28, 1997
- ^ "Affiliate of Cypress Holding to Buy Fund." New York Times, May 15, 1997
- ^ "BERKSHIRE PARTNERS BUYS HOLMES UNIT FROM PENTLAND." New York Times, October 30, 1997
- ^ "CAMPBELL AGREES TO SELL ITS 15 FRESH START BAKERIES." New York Times, April 9, 1999
- ^ "TEXTRON ACQUIRES INTESYS TECHNOLOGIES." New York Times, November 2, 1999
- ^ "MANAGEMENT-LED GROUP MAKES BUYOUT OFFER FOR U.S. CAN." New York Times, March 23, 2000
- ^ "BERKSHIRE PARTNERS TO ACQUIRE CLOTHING MAKER." New York Times, July 17, 2001
- ^ Coleman-Lochner, Lauren. "Birth Announcement For a 138-Year-Old." New York Times, October 19, 2003
- ^ "PRIVATE EQUITY FIRMS BUY BARTLETT NUCLEAR." New York Times, February 11, 2004
- ^ "GENERAL MOTORS AGREES TO SELL LOCOMOTIVE UNIT." New York Times, January 13, 2005
- ^ "$360 Million Deal To Buy Party City." Reuters, September 28, 2005
- ^ Consolidated Vision Group, Inc. Company Profile from a Yahoo! website
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