Kohlberg & Company: Difference between revisions
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==History== |
==History== |
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The firm was |
The firm was formed in 1987,<ref name="altassets">{{Cite news|url=https://www.altassets.net/private-equity-news/by-news-type/fund-news/kohlberg-co-closes-fund-viii-at-2-2bn-hard-cap.html|title=Kohlberg & Co closes Fund VIII at $2.2bn hard cap|date=20 December 2016|publisher=AltAssets|access-date=2016-12-20}}</ref> when American businessman and investor [[Jerome Kohlberg Jr.]] resigned from [[Kohlberg Kravis Roberts|Kohlberg Kravis Roberts & Co.]] over differences in strategy. Kohlberg did not favor the larger buyouts, including [[Beatrice Foods|Beatrice Companies]] in 1985 and [[Safeway Inc.|Safeway]] in 1986, highly [[leverage (finance)|leveraged]] transactions or [[hostile takeovers]] being pursued increasingly by KKR.<ref name="quitting-fray">{{cite web |
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| url=https://www.nytimes.com/1987/06/19/business/buyout-pioneer-quitting-fray.html |
| url=https://www.nytimes.com/1987/06/19/business/buyout-pioneer-quitting-fray.html |
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| title=BUYOUT PIONEER QUITTING FRAY |
| title=BUYOUT PIONEER QUITTING FRAY |
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Revision as of 05:04, 11 September 2023
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| Company type | Limited liability company |
|---|---|
| Industry | Private equity |
| Founded | 1987 |
| Headquarters | Mount Kisco, New York, United States |
| Products | Investments, private equity funds |
| Website | www |
Kohlberg & Company is an American private equity firm that focuses on leveraged buyout transactions. Founded by investor Jerome Kohlberg, Jr., the firm invests in a variety of transactions including leveraged carveout, take-private transactions, and acquisitions of privately held companies.
History
The firm was formed in 1987,[1] when American businessman and investor Jerome Kohlberg Jr. resigned from Kohlberg Kravis Roberts & Co. over differences in strategy. Kohlberg did not favor the larger buyouts, including Beatrice Companies in 1985 and Safeway in 1986, highly leveraged transactions or hostile takeovers being pursued increasingly by KKR.[2][3] Instead, Kohlberg chose to return to his roots, acquiring smaller, middle-market companies, and in 1987 he formed Kohlberg & Company along with his son James, who at that time was a KKR executive. Their intent was to concentrate on transactions that could generate returns through revenue growth and operating improvements using only moderate leverage.[2] Jerome Kohlberg retired from Kohlberg & Company in 1994.[4]
Kohlberg & Company is headquartered in Mount Kisco, New York.
Funds
As of 2023, Kohlberg & Company has raised nine private equity funds since its inception, with approximately $11 billion of investor commitments.
See also
References
- ^ "Kohlberg & Co closes Fund VIII at $2.2bn hard cap". AltAssets. 20 December 2016. Retrieved 2016-12-20.
- ^ a b Sterngold, James (1987-06-19). "BUYOUT PIONEER QUITTING FRAY". New York Times. Retrieved 2020-06-13.
- ^ Bartlett, Sarah (1989-08-30). "Kohlberg In Dispute Over Firm". New York Times. Retrieved 2020-06-13.
- ^ Antilla, Susan (1994-04-24). "Wall Street; A Scion of the L.B.O. Reflects". New York Times. Retrieved 2020-06-13.