AlpInvest Partners
Encyclopedia
AlpInvest Partners is a private equity investment manager and at the end of 2009 globally managed over €42 billion (approximately $55 billion).
Founded in 1999, AlpInvest has historically been the exclusive manager of private equity
investments for the investment managers of two of the world's largest pension funds Stichting Pensioenfonds ABP
(ABP) and Stichting Pensioenfonds Zorg en Welzijn
(PFZW), both based in the Netherlands
. In 2011, the firm was acquired by a joint venture between AlpInvest management and The Carlyle Group.
AlpInvest pursues investment opportunities across the entire spectrum of private equity including: large buyout
, middle-market buyout
, venture capital
, growth capital
, mezzanine
, distressed
and sustainable energy
investments. The firm also invests through a range of private equity investment channels, which include: new fund commitment
s, secondary market purchases, equity co-investment
s and mezzanine investments
.
AlpInvest has offices in New York
, Amsterdam
, Hong Kong
and London
with over 70 investment professionals and over 115 employees.
With over €45 billion of funds under management, AlpInvest is one of the largest investors in the private equity asset class globally. AlpInvest pursues investment opportunities across the entire spectrum of private equity including: large buyout
, middle-market buyout
, venture capital
, growth capital
, mezzanine
, distressed
and sustainable energy
investments. AlpInvest also invests across the range of private equity investment channels:
AlpInvest invests primarily in private equity limited partnership
s and effectively acts as a fund investor
, making commitments to private equity fund
s globally. Among the most notable firms with which AlpInvest is invested include: Kohlberg Kravis Roberts, Blackstone Group
, Providence Equity Partners
and TPG Capital as well as many of the leading middle-market private equity firms and venture capital firms.
AlpInvest will invest with these firms either by making commitments to new investment funds or by purchasing funds through the private equity secondary market
. AlpInvest is one of the largest private equity fund
investors and is also among the largest and most active and experienced investors in private equity secondaries
.
AlpInvest also invests directly alongside some of the largest private equity investors through an active co-investment program and will make mezzanine debt
investments into companies owned by financial sponsor
s.
Following this spin-off of its European middle market leveraged buyout
platform, which was subsequently renamed Taros Capital, AlpInvest, by itself, no longer makes control investments directly in privately held companies, but rather invests alongside selected private equity managers
.
s Stichting Pensioenfonds ABP
(ABP) and Stichting Pensioenfonds Zorg en Welzijn
(PFZW, formerly PGGM), both based in the Netherlands
.
ABP and PFZW collectively had assets of over $300 billion as of December 31, 2009 and are among the largest pension funds in Europe
.
AlpInvest has not historically solicited capital from other investors or institutions.
AlpInvest as it is currently known, was established in 1999 as an initiative by its two sponsors, the Dutch pension funds ABP
and PFZW (then PGGM), to create an independent and professional manager for their private equity allocations.
AlpInvest's predecessor, NIB Capital Private Equity, originally operated as one integrated investment firm with distinct teams focusing on fund investments as well as lead buyout investments in mid-sized companies located in the Benelux
and Germany
. As the firm evolved, AlpInvest shifted its focus toward an expansion of its investment management business.
In 2000, AlpInvest expanded its investment platform, by creating a dedicated equity co-investment
team to invest in transactions alongside its core private equity managers. The following year, in 2001, the firm began a formal effort to make mezzanine investments. A year later, in 2002, AlpInvest launched a secondary investment platform, which has emerged as one of the largest buyers of private equity assets in the secondaries market
.
Today, AlpInvest focuses exclusively on its investment management business as a fund investor as well as secondary investor and equity and mezzanine co-investor and has grown into one of the largest investors in the private equity asset class.
* This award was initiated in 2005. AlpInvest was the first recipient.
The following is a list of selected, notable private equity firms, with which AlpInvest has disclosed an investment as a limited partner, through its primary and/or secondary investment practices (the total list includes over 250 firms):
Source: AlpInvest website
In the secondary market, AlpInvest operates as an independent investment group with a large dedicated team, comparable to other leading secondary firms
and is one of the largest buyers of private equity assets in the secondaries market
. AlpInvest's secondary investments include purchases of limited partnership interests, spin-outs of captive private equity groups, stapled secondary transactions, securitizations, joint ventures and secondary direct transactions.
Although most secondary transactions are kept confidential, the following transactions have been disclosed:
The following is a list of selected notable companies that AlpInvest has invested in alongside other private equity general partners, either as an equity co-investor
or as a mezzanine debt provider
:
Source: AlpInvest website
Founded in 1999, AlpInvest has historically been the exclusive manager of private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
investments for the investment managers of two of the world's largest pension funds Stichting Pensioenfonds ABP
Stichting Pensioenfonds ABP
Stichting Pensioenfonds ABP , frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands...
(ABP) and Stichting Pensioenfonds Zorg en Welzijn
Stichting Pensioenfonds Zorg en Welzijn
Stichting Pensioenfonds Zorg en Welzijn is the second largest pension fund in the Netherlands...
(PFZW), both based in the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
. In 2011, the firm was acquired by a joint venture between AlpInvest management and The Carlyle Group.
AlpInvest pursues investment opportunities across the entire spectrum of private equity including: large buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
, middle-market buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
, venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
, growth capital
Growth capital
Growth capital is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.Companies...
, mezzanine
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
, distressed
Distressed securities
Distressed securities are securities of companies or government entities that are either already in default, under bankruptcy protection, or in distress and heading toward such a condition. The most common distressed securities are bonds and bank debt...
and sustainable energy
Sustainable energy
Sustainable energy is the provision of energy that meets the needs of the present without compromising the ability of future generations to meet their needs. Sustainable energy sources include all renewable energy sources, such as hydroelectricity, solar energy, wind energy, wave power, geothermal...
investments. The firm also invests through a range of private equity investment channels, which include: new fund commitment
Fund of funds
A "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as multi-manager investment...
s, secondary market purchases, equity co-investment
Equity co-investment
An equity co-investment is a minority investment, made directly into an operating company, alongside a financial sponsor or other private equity investor, in a leveraged buyout, recapitalization or growth capital transaction. In certain circumstances, venture capital firms may also seek...
s and mezzanine investments
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
.
AlpInvest has offices in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, Amsterdam
Amsterdam
Amsterdam is the largest city and the capital of the Netherlands. The current position of Amsterdam as capital city of the Kingdom of the Netherlands is governed by the constitution of August 24, 1815 and its successors. Amsterdam has a population of 783,364 within city limits, an urban population...
, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
and London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
with over 70 investment professionals and over 115 employees.
Investment Programs
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
, middle-market buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
, venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
, growth capital
Growth capital
Growth capital is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.Companies...
, mezzanine
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
, distressed
Distressed securities
Distressed securities are securities of companies or government entities that are either already in default, under bankruptcy protection, or in distress and heading toward such a condition. The most common distressed securities are bonds and bank debt...
and sustainable energy
Sustainable energy
Sustainable energy is the provision of energy that meets the needs of the present without compromising the ability of future generations to meet their needs. Sustainable energy sources include all renewable energy sources, such as hydroelectricity, solar energy, wind energy, wave power, geothermal...
investments. AlpInvest also invests across the range of private equity investment channels:
- Primary fund investmentsFund of fundsA "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as multi-manager investment...
- Secondary investments
- Equity co-investmentEquity co-investmentAn equity co-investment is a minority investment, made directly into an operating company, alongside a financial sponsor or other private equity investor, in a leveraged buyout, recapitalization or growth capital transaction. In certain circumstances, venture capital firms may also seek...
s - Mezzanine investmentsMezzanine capitalMezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
AlpInvest invests primarily in private equity limited partnership
Limited partnership
A limited partnership is a form of partnership similar to a general partnership, except that in addition to one or more general partners , there are one or more limited partners . It is a partnership in which only one partner is required to be a general partner.The GPs are, in all major respects,...
s and effectively acts as a fund investor
Fund of funds
A "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as multi-manager investment...
, making commitments to private equity fund
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
s globally. Among the most notable firms with which AlpInvest is invested include: Kohlberg Kravis Roberts, Blackstone Group
Blackstone Group
The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,...
, Providence Equity Partners
Providence Equity Partners
Providence Equity Partners is a global private equity investment firm focused on media, entertainment, communications and information investments...
and TPG Capital as well as many of the leading middle-market private equity firms and venture capital firms.
AlpInvest will invest with these firms either by making commitments to new investment funds or by purchasing funds through the private equity secondary market
Private equity secondary market
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
. AlpInvest is one of the largest private equity fund
Fund of funds
A "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as multi-manager investment...
investors and is also among the largest and most active and experienced investors in private equity secondaries
Private equity secondary market
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
.
AlpInvest also invests directly alongside some of the largest private equity investors through an active co-investment program and will make mezzanine debt
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
investments into companies owned by financial sponsor
Financial sponsor
A financial sponsor is a term commonly used to refer to private equity investment firms, particularly those private equity firms that engage in leveraged buyout or LBO transactions....
s.
Following this spin-off of its European middle market leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
platform, which was subsequently renamed Taros Capital, AlpInvest, by itself, no longer makes control investments directly in privately held companies, but rather invests alongside selected private equity managers
Private equity firm
A private equity firm is an investment manager that makes investments in the private equity of operating companies through a variety of loosely affiliated investment strategies including leveraged buyout, venture capital, and growth capital...
.
Investors and beneficiaries
AlpInvest's primary beneficiaries are the 4.8 million participants in the pension fundPension fund
A pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...
s Stichting Pensioenfonds ABP
Stichting Pensioenfonds ABP
Stichting Pensioenfonds ABP , frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands...
(ABP) and Stichting Pensioenfonds Zorg en Welzijn
Stichting Pensioenfonds Zorg en Welzijn
Stichting Pensioenfonds Zorg en Welzijn is the second largest pension fund in the Netherlands...
(PFZW, formerly PGGM), both based in the Netherlands
Netherlands
The Netherlands is a constituent country of the Kingdom of the Netherlands, located mainly in North-West Europe and with several islands in the Caribbean. Mainland Netherlands borders the North Sea to the north and west, Belgium to the south, and Germany to the east, and shares maritime borders...
.
ABP and PFZW collectively had assets of over $300 billion as of December 31, 2009 and are among the largest pension funds in Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
.
AlpInvest has not historically solicited capital from other investors or institutions.
History
Stichting Pensioenfonds ABP
Stichting Pensioenfonds ABP , frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands...
and PFZW (then PGGM), to create an independent and professional manager for their private equity allocations.
AlpInvest's predecessor, NIB Capital Private Equity, originally operated as one integrated investment firm with distinct teams focusing on fund investments as well as lead buyout investments in mid-sized companies located in the Benelux
Benelux
The Benelux is an economic union in Western Europe comprising three neighbouring countries, Belgium, the Netherlands, and Luxembourg. These countries are located in northwestern Europe between France and Germany...
and Germany
Germany
Germany , officially the Federal Republic of Germany , is a federal parliamentary republic in Europe. The country consists of 16 states while the capital and largest city is Berlin. Germany covers an area of 357,021 km2 and has a largely temperate seasonal climate...
. As the firm evolved, AlpInvest shifted its focus toward an expansion of its investment management business.
In 2000, AlpInvest expanded its investment platform, by creating a dedicated equity co-investment
Equity co-investment
An equity co-investment is a minority investment, made directly into an operating company, alongside a financial sponsor or other private equity investor, in a leveraged buyout, recapitalization or growth capital transaction. In certain circumstances, venture capital firms may also seek...
team to invest in transactions alongside its core private equity managers. The following year, in 2001, the firm began a formal effort to make mezzanine investments. A year later, in 2002, AlpInvest launched a secondary investment platform, which has emerged as one of the largest buyers of private equity assets in the secondaries market
Private equity secondary market
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
.
Today, AlpInvest focuses exclusively on its investment management business as a fund investor as well as secondary investor and equity and mezzanine co-investor and has grown into one of the largest investors in the private equity asset class.
Milestones
The following is a timeline of significant milestones:- 1980s - Both ABP and PGGM begin separate in-house private equity investment programs, investing primarily in private equity funds.
- 1990s - Alpinvest Holding N.V., a evergreen investment fund, is founded and Stan Vermeulen is named CEO in 1993. Alpinvest Holding N.V. provided private equity and mezzanine capital to middle market companies in BeneluxBeneluxThe Benelux is an economic union in Western Europe comprising three neighbouring countries, Belgium, the Netherlands, and Luxembourg. These countries are located in northwestern Europe between France and Germany...
and Germany until its acquisition by ABP and PGGM in 2000.
- 1997 - Alpinvest Holding N.V. begins trading on the Amsterdam Stock ExchangeAmsterdam Stock ExchangeThe Amsterdam Stock Exchange is the former name for the stock exchange based in Amsterdam. It merged on 22 September 2000 with the Brussels Stock Exchange and the Paris Stock Exchange to form Euronext, and is now known as Euronext Amsterdam.-History:...
on 11 June 1997. Major shareholders in Alpinvest Holding N.V. included the Dutch government and ABN Amro Bank NVABN AMROABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
.
- 1999 - ABP and PGGM form NIB Capital Private Equity, the predecessor of AlpInvest under the leadership of Volkert DoeksenVolkert DoeksenVolkert Doeksen is a private equity investor and founder of AlpInvest Partners , one of the largest private equity investments managers globally with over €40 billion of assets under management...
, in order to increase position in the private equity market. NIB Capital is formed from several separate teams from NIB Bank NV and Parnib Holding NV.
- 2000 - Alpinvest Holding N.V. is acquired by ABP and PGGM, and integrated into Parnib Holding N.V. and NIB Capital Private Equity to form what would become AlpInvest Partners. ABP and PGGM topped a bid from GIMVGIMVGimv is a European investment company with experience in private equity and venture capital. The company is listed on Euronext Brussels. Gimv currently manages around EUR 2.0 billion of assets ....
to acquire the listed investment fund. NIB Capital receives its first mandate of €13 billion from ABP and PGGM of which close to €7 billion is designated for new investments in the period 2000–2002. The remainder comprised existing investments made by ABP, PGGM and NIB Capital’s predecessors.
- 2000 - AlpInvest begins a dedicated equity co-investment group.
- 2001 - NIB Capital opens New York office.
- 2002 - NIB Capital begins a dedicated secondary investmentPrivate equity secondary marketIn finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
effort with a €1 billion mandate.
- 2003 - NIB Capital receives a new €7 billion mandate from ABP and PGGM, covering the period 2003–2005, for fund investments, secondary investments, co-investments and lead investments in the Benelux/German mid-market.
- 2004 - NIB Capital Private Equity spun out to ABP and PGGM and renamed "AlpInvest Partners".
- 2006 - AlpInvest receives a new investment mandate from ABP and PGGM initially amounting to €11 billion, covering the period 2006–2008 (the mandate size increased over time). This represented one of the largest mandates ever granted in the international private equity markets.
- 2006 - AlpInvest spins off its European middle market buyout business, which is subsequently renamed Taros Capital in order to focus exclusively on investments in private equity funds and alongside relationship financial sponsorFinancial sponsorA financial sponsor is a term commonly used to refer to private equity investment firms, particularly those private equity firms that engage in leveraged buyout or LBO transactions....
s.
- 2006 - AlpInvest opens its first Asian office in Hong Kong.
- 2007 - AlpInvest receives a €2 billion mandate to invest in global mezzanine debtMezzanine capitalMezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
transactions and a €500 million Cleantech investment covering the period 2007–2009.
- 2008 - AlpInvest opens London office.
- 2011 - AlpInvest acquired by a joint venture between management and The Carlyle Group
Awards
In recent years, AlpInvest has won several industry awards based on its position as a leading limited partner.| Year | Award | Publication | Ref. |
| 2008 | Limited Partner of the Year | Private Equity International PEI Media PEI was founded in London in November 2001 by a team of managers from the financial media group Euromoney Institutional Investor PLC. The company was originally funded by a number of US-based investors. It is an independent media company.... | |
| 2008 | Most Influential European Limited Partner | Private Equity News Financial News The Financial News, is a financial newspaper and news website published in London. It is a weekly investment banking, fund management and securities industries newspaper, published by eFinancial News Limited. Financial News was founded in 1996.... | |
| 2007 | Limited Partner of the Year | Private Equity International PEI Media PEI was founded in London in November 2001 by a team of managers from the financial media group Euromoney Institutional Investor PLC. The company was originally funded by a number of US-based investors. It is an independent media company.... | |
| 2007 | Most Influential European Limited Partner | Private Equity News Financial News The Financial News, is a financial newspaper and news website published in London. It is a weekly investment banking, fund management and securities industries newspaper, published by eFinancial News Limited. Financial News was founded in 1996.... | |
| 2007 | Buyout of the Year: VNU (Co-Investment) | Thomson Financial's Acquisitions Monthly Thomson Financial Thomson Financial was an arm of The Thomson Corporation, which was one of the world's leading information companies, focused on providing integrated information solutions to business and professional customers... | |
| 2006 | Limited Partner of the Year | Private Equity International PEI Media PEI was founded in London in November 2001 by a team of managers from the financial media group Euromoney Institutional Investor PLC. The company was originally funded by a number of US-based investors. It is an independent media company.... | |
| 2006 | Large investment of the year: NXP (Co-Investment) | Financial News Financial News The Financial News, is a financial newspaper and news website published in London. It is a weekly investment banking, fund management and securities industries newspaper, published by eFinancial News Limited. Financial News was founded in 1996.... | |
| 2005 | Limited Partner of the Year* | Private Equity International PEI Media PEI was founded in London in November 2001 by a team of managers from the financial media group Euromoney Institutional Investor PLC. The company was originally funded by a number of US-based investors. It is an independent media company.... |
* This award was initiated in 2005. AlpInvest was the first recipient.
Private Equity Fund Investments
AlpInvest is among the largest investors in private equity funds, globally, historically allocating as much as €4 billion per year to leveraged buyout (large-cap, middle-market, lower middle market), venture capital and special situations funds, among other strategies. AlpInvest maintains relationships with many of the leading managers in difficult to access segments of private equity. In many cases, AlpInvest is a strategic investor and tends to be among the largest investors in each fund in which it invests. AlpInvest follows a deliberate allocation process that includes a top-down segment analysis and bottom-up general manager selection. The firm's funds team is made up of more than 25 professionals based globally in Europe, North America and Asia.The following is a list of selected, notable private equity firms, with which AlpInvest has disclosed an investment as a limited partner, through its primary and/or secondary investment practices (the total list includes over 250 firms):
Source: AlpInvest website
Secondary Investments
AlpInvest's secondary investments group focuses on the purchase of existing portfolios of private equity assets.In the secondary market, AlpInvest operates as an independent investment group with a large dedicated team, comparable to other leading secondary firms
Private equity secondary market
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
and is one of the largest buyers of private equity assets in the secondaries market
Private equity secondary market
In finance, the private equity secondary market refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds....
. AlpInvest's secondary investments include purchases of limited partnership interests, spin-outs of captive private equity groups, stapled secondary transactions, securitizations, joint ventures and secondary direct transactions.
Although most secondary transactions are kept confidential, the following transactions have been disclosed:
| Date | Deal Description | Ref. |
| 2010 | AlpInvest purchased a portfolio of European private equity funds valued at EUR 400 million. | |
| 2008 | AlpInvest, together with Goldman Sachs Capital Partners Goldman Sachs Capital Partners Goldman Sachs Capital Partners is the private equity arm of Goldman Sachs, focused on leveraged buyout and growth capital investments globally.... and CPP Canada Pension Plan The Canada Pension Plan is a contributory, earnings-related social insurance program. It forms one of the two major components of Canada's public retirement income system, the other component being Old Age Security... , purchased a portfolio of interests in 32 European companies managed by AAC Capital Partners from ABN AMRO ABN AMRO ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis... for $1.5 billion. | |
| 2008 | AlpInvest, together with Goldman Sachs Goldman Sachs The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients... , purchased $400 million of interests in legacy investment funds managed by Court Square Capital Partners Court Square Capital Partners Court Square Capital Partners is a private equity firm focused on leveraged buyout transactions. Court Square was originally a captive private equity firm within Citigroup known as Citigroup Venture Capital Equity Partners... from Citigroup Citigroup Citigroup Inc. or Citi is an American multinational financial services corporation headquartered in Manhattan, New York City, New York, United States. Citigroup was formed from one of the world's largest mergers in history by combining the banking giant Citicorp and financial conglomerate... . | |
| 2008 | AlpInvest, together with HarbourVest Partners HarbourVest Partners HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies... , Pantheon Ventures Pantheon Ventures Pantheon is a private equity investment manager, operating through a series of fund of funds as well as a publicly traded private equity vehicle, Pantheon International Participations. Pantheon invests through new private equity funds as well as secondary market purchases of existing private... , Partners Group Partners Group Partners Group is a global private markets management firm with over EUR 20 billion in investment programs under management in private equity, private debt, private real estate, private infrastructure and absolute return strategies... , Paul Capital Partners, Portfolio Advisors and Procific Abu Dhabi Investment Authority The Abu Dhabi Investment Authority is a sovereign wealth fund owned by Abu Dhabi, United Arab Emirates founded for the purpose of investing funds on behalf of the Government of Abu Dhabi.... completed a takeover Takeover In business, a takeover is the purchase of one company by another . In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company.- Friendly takeovers :Before a bidder makes an offer for another... of Macquarie Capital Alliance Group in one of the first public to private transactions of a publicly traded private equity Publicly traded private equity Publicly traded private equity refers to an investment firm or investment vehicle, which makes investments conforming to one of the various private equity strategies, and is listed on a public stock exchange.There are fundamentally two separate opportunities that private equity firms... company completed by secondary market investors. | |
| 2006 | AlpInvest underwrote the equity of a $500 million newly formed vintage fund-of-funds consisting of approximately 40 underlying private equity partnerships in a joint venture with Swiss Re Swiss Re Swiss Reinsurance Company Ltd , generally known as Swiss Re, is a Swiss reinsurance company. It is the world’s second-largest reinsurer, after having acquired GE Insurance Solutions. The company has its headquarters in Zurich... and Horizon 21, a fund manager. | |
| 2006 | AlpInvest, together with Coller Capital Coller Capital Coller Capital, founded in 1990 by Jeremy Coller, is one of the leading global investors in the Private equity secondary market .... and Goldman Sachs Goldman Sachs The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients... underwrote the equity tranche of Astrea, an $800 million securitization Securitization Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations and selling said consolidated debt as bonds, pass-through securities, or Collateralized mortgage obligation , to... , of 46 private equity fund interests owned by Temasek Temasek Temasek was the name of an early city on the site of modern Singapore. From the 14th century, the island has also been known as Singapura, which is derived from Sanskrit and means "Lion City"... , a Singapore based sovereign wealth fund Sovereign wealth fund A sovereign wealth fund is a state-owned investment fund composed of financial assets such as stocks, bonds, property, precious metals or other financial instruments. Sovereign wealth funds invest globally. Some of them have grabbed attention making bad investments in several Wall Street financial... . | |
| 2006 | AlpInvest, together with HarbourVest Partners, completed a secondary transaction involving the establishment of a new fund, Paragon Partners. As a result of the transaction, Paragon Partners acquired an existing portfolio of three European companies providing an exit to German private equity fund manager Afinum. | |
| 2005 | AlpInvest, together with AXA Private Equity AXA Private Equity AXA Private Equity is a diversified private equity firm with $ 25 billion of assets managed or advised and with an international reach across Europe, North America and Asia... , purchased a cornerstone interest in West Private Equity WestLB WestLB AG is a European commercial bank based in Düsseldorf in Germany which is partly owned by the German state of North Rhine-Westphalia. The letters LB in the name stand for Landesbank. The Landesbanken are a group of state owned banks unique to Germany... , subsequently renamed Lyceum Capital, and simultaneously made a new commitment to Lyceum Capital's second fund. | |
| 2005 | AlpInvest, together with Lexington Partners Lexington Partners Lexington Partners, is a leading independent manager of secondary private equity and co-Investment funds, founded in 1994. Lexington Partners manages approximately $18 billion of which $3.8 billion was committed to the firm's sixth and latest fund .Lexington was founded by former investment... purchased a $1.2 billion private equity portfolio from Dayton Power & Light, consisting of 46 fund interests. At the time of its completion, the DPL transaction represented one of the largest private equity funds portfolios acquired in the secondary market. | |
| 2003 | AlpInvest was a lead investor in the €1.5 billion divestiture by Deutsche Bank Deutsche Bank Deutsche Bank AG is a global financial service company with its headquarters in Frankfurt, Germany. It employs more than 100,000 people in over 70 countries, and has a large presence in Europe, the Americas, Asia Pacific and the emerging markets... of its direct and co-investment Equity co-investment An equity co-investment is a minority investment, made directly into an operating company, alongside a financial sponsor or other private equity investor, in a leveraged buyout, recapitalization or growth capital transaction. In certain circumstances, venture capital firms may also seek... portfolio of private equity interests, consisting of over 100 underlying companies. The sale was part of a spin-out of what would become the private equity firm, MidOcean Partners MidOcean Partners MidOcean Partners is a private equity firm specializing in leveraged buyouts, recapitalizations and growth capital investments in middle-market companies... . At the time of its completion, the MidOcean transaction was the largest secondary market completed. |
Private Equity and Mezzanine Co-investments
AlpInvest traditionally invests alongside leading financial sponsors in leveraged buyouts and growth capital transactions. Since inception, AlpInvest has invested more than €3 billion in over 100 transactions and is among the most active co-investors in private equity transactions. The firm's dedicated co-investment team is made up of more than 25 professionals across its equity and mezzanine products operating in Europe, North America and Asia.The following is a list of selected notable companies that AlpInvest has invested in alongside other private equity general partners, either as an equity co-investor
Equity co-investment
An equity co-investment is a minority investment, made directly into an operating company, alongside a financial sponsor or other private equity investor, in a leveraged buyout, recapitalization or growth capital transaction. In certain circumstances, venture capital firms may also seek...
or as a mezzanine debt provider
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
:
| Investment | Date | Financial Sponsor(s) | Company Description | Ref. |
| Alliance Boots Alliance Boots Alliance Boots GmbH is a leading international, pharmacy-led health and beauty group. It has two core business activities - pharmacy-led health and beauty retailing, and pharmaceutical wholesaling and distribution - and has a presence in more than 25 countries... | Apr 2007 | KKR | A British based pharmacist and retailer | |
| Alltel Alltel Alltel Corporation is a wireless service provider, primarily based in the United States. Before an acquisition by Verizon Wireless, it served 34 states. After the merger, Alltel continues to serve six states, mostly in rural areas... | May 2007 | TPG Capital, GS Capital Partners | A mobile telecommunications company | |
| AMC Theatres AMC Theatres AMC Theatres , officially known as AMC Entertainment, Inc., is the second largest movie theater chain in North America with 5,325 screens, second only to Regal Entertainment Group, and one of the United States's four national cinema chains AMC Theatres (American Multi-Cinema), officially known as... | Dec 2004 | J.P. Morgan Partners CCMP Capital CCMP Capital is a private equity investment firm that focuses on leveraged buyout and growth capital transactions. Formerly known as JP Morgan Partners, the investment professionals of JP Morgan Partners separated from JPMorgan Chase on July 31, 2006. CCMP has invested approximately $12 billion... , Apollo Global Management | The second largest movie theatre chain in North America. | |
| Avago Technologies Avago Technologies Avago Technologies is an American company which was earlier the semiconductor products division of HP and later Agilent Technologies, before being spun off into a distinct legal entity. It holds more than 5,000 patents.- Products:... | Dec 2005 | KKR; Silver Lake Partners Silver Lake Partners Silver Lake is a US-based private equity firm focused on leveraged buyout and growth capital investments in technology, technology-enabled and related industries... | The former semiconductor products division of Hewlett Packard and later Agilent Technologies | |
| Avaya Avaya Avaya Inc. is a privately held computer networking, information technology and telecommunications company that is a global provider of business communications systems. The international head quarters is in Basking Ridge, New Jersey, United States... | Oct 2007 | Silver Lake Partners Silver Lake Partners Silver Lake is a US-based private equity firm focused on leveraged buyout and growth capital investments in technology, technology-enabled and related industries... | A telecommunications company specializing in enterprise telephony and call center technology | |
| Biomet Biomet Biomet, Inc. is one of the world leading medical device manufacturer located in the Warsaw, Indiana business cluster. The company specializes in reconstructive products for hips, knees and shoulders, fixation devices, orthopedic support devices, dental implants, spinal implants and operating room... | June 2007 | KKR | A medical device manufacturer of artificial joints | |
| Bushnell Corporation Bushnell Corporation Bushnell Corporation, also known as Bushnell and Bushnell Outdoor Products, is an American company specializing in optics and imaging. Its products include binoculars, spotting scopes, telescopes, night vision equipment, GPS devices, laser rangefinders, riflescopes, holographic weapon sights, game... | 2007 | MidOcean Partners MidOcean Partners MidOcean Partners is a private equity firm specializing in leveraged buyouts, recapitalizations and growth capital investments in middle-market companies... | Leading manufacturer of binoculars, spotting scopes, telescopes, night vision equipment, GPS and other optics and imaging products | |
| Capio Capio Capio is one of the leading healthcare providers in Europe. It provides healthcare and diagnostics services for public and private customers in Sweden, Norway, Denmark, Finland, France, the United Kingdom, Germany, Spain and Portugal. The Capio Group has an annual turnover rate of approximately SEK... | Nov 2006 | Apax Partners Apax Partners Apax Partners LLP is a global private equity and venture capital firm, headquartered in London. The company also operates out of eight other offices in New York, Hong Kong, Mumbai, Tel-Aviv, Madrid, Stockholm, Milan and Munich. The firm, including its various predecessors, have raised... | A leading European healthcare provider | |
| CEVA Logistics | Aug 2006 | Apollo Global Management | A logistics company, formerly known as TNT Logistics | |
| Dollar General Dollar General Dollar General Corp. is a U.S. chain of variety stores headquartered in Goodlettsville, Tennessee. As of January 2011, Dollar General operated over 9,300 stores in 35 U.S. states.... | Mar 2007 | KKR, GS Capital Partners | A chain of discount stores operating in the U.S. | |
| Education Management Corporation Education Management Corporation Education Management Corporation is an operator of private for-profit post-secondary educational institutions, primarily in the United States. The company's institutions provide primarily career-focused educational programs... | Oct 2006 | Providence Equity Partners Providence Equity Partners Providence Equity Partners is a global private equity investment firm focused on media, entertainment, communications and information investments... , GS Capital Partners, Leeds Equity Partners | A private operator of post-secondary educational institutions in North America | |
| Expro | June 2008 | Candover Candover Candover Investments plc is a British-based private equity firm, specialising in arranging and leading large buyouts and buyins. Candover Investments is structured as an investment trust... , Goldman Sachs Goldman Sachs The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients... | A leading British-based oil and gas well management business | |
| Fairmount Food Group Fairmount Food Group Fairmount Food Group, LLC is a company in food industry established in 2003 by Bing Graffunder and Sam Hillin , with initial $200 mln. in equity financing from GTCR Golder Rauner. The purpose of the company is to acquire growth companies in the industry... | May 2003 | GTCR Golder Rauner | A food products supplier | |
| Ferretti Motors Ferretti Group Ferretti Group is one of the world leaders in the design, construction and sale of motor yachts with a portfolio of exclusive and prestigious brands of the nautical world: Ferretti Yachts, Ferretti Custom Line, Pershing, Itama, Riva, Bertram, Mochi Craft and CRN. The company initially produced... | October 2006 | Candover Candover Candover Investments plc is a British-based private equity firm, specialising in arranging and leading large buyouts and buyins. Candover Investments is structured as an investment trust... , Permira Permira Permira is a United Kingdom-based private equity firm with global reach. The firm advises funds with a total committed capital of approximately €20 billion.... | An Italian yacht-building conglomerate (originally acquired in 1995 and taken private again in 2001) | |
| Gala Coral Group | Aug 2005 | Candover Candover Candover Investments plc is a British-based private equity firm, specialising in arranging and leading large buyouts and buyins. Candover Investments is structured as an investment trust... , Cinven Cinven Cinven is a British private equity firm founded in 1977 with offices in London, Paris, Frankfurt, Milan and Hong Kong. Currently, the company has raised four funds, with the last one signing up €6.5 billion... , Permira Permira Permira is a United Kingdom-based private equity firm with global reach. The firm advises funds with a total committed capital of approximately €20 billion.... | A British betting shop, bingo and casino operator | |
| Gemplus International Gemplus International Acquired by the Texas Pacific Group in 2000, Luxemburg-based Gemplus International SA was a provider of smart cards and related technologies, until its June 2, 2006 merger with rival Axalto; the combined entity is known as Gemalto.... | Dec 2005 | TPG Capital | A vendor of smart cards and other digital security products | |
| Grupo ONO ONO (Spain) ONO is a Spanish broadband communication and entertainment company, delivering integrated telephone, television and Internet services to its residential customers. In this segment, it has 3.7 million services contracted and over six million users.... | Nov 2005 | Providence Equity Partners Providence Equity Partners Providence Equity Partners is a global private equity investment firm focused on media, entertainment, communications and information investments... , CCMP Capital CCMP Capital CCMP Capital is a private equity investment firm that focuses on leveraged buyout and growth capital transactions. Formerly known as JP Morgan Partners, the investment professionals of JP Morgan Partners separated from JPMorgan Chase on July 31, 2006. CCMP has invested approximately $12 billion... , THL Partners Thomas H. Lee Partners Thomas H. Lee Partners is a private equity firm based in Boston, Massachusetts specializing in leveraged buyouts, growth capital, special situations, industry consolidations, and recapitalizations.... , Quadrangle | A Spanish broadband company, providing telephone, television and Internet services | |
| Harrah's Entertainment Harrah's Entertainment Caesars Entertainment Corporation is a private gaming corporation that owns and operates over 50 casinos, hotels, and seven golf courses under several brands. The company, based in Paradise, Nevada, is the largest gaming company in the world, with yearly revenues $8.9 billion... | Jan 2008 | Apollo Global Management, TPG Capital | A gaming company that owns and operates casinos, hotels, and six golf courses | |
| Iasis Healthcare Iasis Healthcare IASIS, located in Franklin, Tennessee, is a leading owner and operator of medium-sized acute care hospitals in high-growth urban and suburban markets... | May 2004 | TPG Capital | A hospital operating company | |
| IMS Health IMS Health IMS Health is an international company that supplies the pharmaceutical industry with sales data and consulting services. IMS Health was founded in 1954 by Bill Froch and David Dubow. Today IMS has operations in more than 100 countries, a global workforce of 7,600+ employees, and revenues of $2... | Nov 2009 | TPG Capital | Supplier of sales data and consulting services to the pharmaceutical industry | |
| Jostens Jostens Jostens is an American company providing yearbooks and class rings for various high schools and colleges as well as championship rings for sports, including the Super Bowl rings.... | July 2003 | DLJ Merchant Banking Partners DLJ Merchant Banking Partners DLJ Merchant Banking Partners is a private equity investment firm focused on leveraged buyout transactions. The firm is currently an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Credit Suisse First Boston in 2000... , Investcorp Investcorp Investcorp is a manager of alternative investment products, serving high-net-worth private and institutional clients. Its principal client base is in the six countries of the Gulf Co-operation Council, but it also has institutional clients in North America and Europe... , MidOcean Partners MidOcean Partners MidOcean Partners is a private equity firm specializing in leveraged buyouts, recapitalizations and growth capital investments in middle-market companies... | A producer of high school and college class rings and publisher of school yearbooks | |
| LA Fitness | May 2007 | Madison Dearborn Madison Dearborn Madison Dearborn Partners is a private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth... , CIVC Partners CIVC Partners CIVC Partners, previously known as Continental Illinois Venture Corporation, is a Chicago-based private equity firm that presently has over $1.3 billion of equity capital under management. The firm's predecessor was established in 1970 as a subsidiary of Continental Illinois National Bank and Trust... | An American health club chain | |
| Masonite International Masonite International Masonite International Corporation is a company headquartered in Tampa, Florida, which employs over eleven thousand people worldwide. Masonite manufactures interior and exterior doors, door components, and door entry systems. It is one of the world's largest manufacturer and merchandiser of... | Dec 2004 | KKR | A producer of doors, door components and door entry systems, door components and door entry systems | |
| Nielsen Company | Jan 2006 | Blackstone Group Blackstone Group The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,... , KKR | A global information and media company (formerly known as VNU) | |
| Nuveen investments Nuveen investments Nuveen Investments is a Chicago based private company in the asset management industry. Nuveen was founded in Chicago, Illinois in 1898 and was previously named The John Nuveen Co., after founder John Nuveen.... | June 2007 | Madison Dearborn Madison Dearborn Madison Dearborn Partners is a private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth... | An investment management company that provides a suite of mutual funds, particularly in municipal securities | |
| NXP Semiconductors | Aug 2006 | KKR, Silver Lake Partners Silver Lake Partners Silver Lake is a US-based private equity firm focused on leveraged buyout and growth capital investments in technology, technology-enabled and related industries... | A semiconductor company formerly part of Philips | |
| Nycomed Nycomed Nycomed is a European pharmaceutical company. Nycomed is privately owned primarily by the two private equity investors Nordic Capital and CSFB Alternative Capital. Production is located in Norway, Denmark, Poland, Austria, Belgium, Germany, Estonia India, Mexico, Brazil and Argentina. Head office... | Mar 2005 | Nordic Capital Nordic Capital Nordic Capital is a private equity investment firm focusing on leveraged buyout transactions primarily in the Nordic region . Nordic invests across a broad array of industries and will invest in turnaround and growth capital transactions.Nordic is based in Stockholm, Sweden and was founded in 1989... | A European pharmaceutical company | |
| Roundy's Roundy's Roundy's Supermarkets is a Milwaukee, Wisconsin-based supermarket chain with 154 stores in Minnesota and Wisconsin, and 4 stores in Illinois... | Jun 2002 | Willis Stein & Partners Willis Stein & Partners Willis Stein & Partners is a private equity firm focused on leveraged buyout transactions for middle-market companies.The firm's most notable investments have included Ziff Davis, Roundy's, Jays Foods, Lincoln Snacks Company and Petersen Publishing Company .The firm is headquartered in Chicago and... | A supermarket chain based in the midwestern U.S. | |
| SBS Broadcasting Group SBS Broadcasting Group SBS Broadcasting Group was a European broadcasting group, operating commercial television, premium pay channels, radio stations and related print businesses in Western and Central and Eastern Europe... | June 2007 | Permira Permira Permira is a United Kingdom-based private equity firm with global reach. The firm advises funds with a total committed capital of approximately €20 billion.... , KKR | A European broadcasting group, operating television, premium pay channels, radio stations and print businesses | |
| Seven Media Group | Dec 2006 | KKR | A media joint venture between with Australian Seven Network Limited Seven Network Limited The Seven Network is an Australian television network. In April, 2011, Seven Network, Pacific Magazines and Yahoo7! http://www.yahoo.com.au were acquired by West Australian Newspapers Ltd http://info.thewest.com.au/ratecard// to create Seven West Media Ltd http://www.sevenwestmedia.com.au/... formed in December 2006 | |
| Sports Authority Sports Authority The Sports Authority, Inc. is one of the largest sporting goods retailers in the United States. It is headquartered in Englewood, Colorado, and operates more than 460 stores in 45 U.S... | Jan 2006 | Leonard Green & Partners Leonard Green & Partners Leonard Green & Partners is a private equity firm specializing in leveraged buyout transactions, particularly of middle market companies. As of 2010, the firm had with approximately $9 billion in assets under management.... | A leading retailer of sporting goods in the U.S. | |
| Spyder Active Sports Spyder (ski apparel brand) Spyder is a Colorado-based manufacturer of high-end skiing apparel. According to the company's website, it is the world's largest ski specialty brand.- History :... | July 2004 | Apax Partners Apax Partners Apax Partners LLP is a global private equity and venture capital firm, headquartered in London. The company also operates out of eight other offices in New York, Hong Kong, Mumbai, Tel-Aviv, Madrid, Stockholm, Milan and Munich. The firm, including its various predecessors, have raised... | A manufacturer of branded ski apparel and the largest ski-specialty brand | |
| SunGard SunGard SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil... | Mar 2005 | Silver Lake Partners Silver Lake Partners Silver Lake is a US-based private equity firm focused on leveraged buyout and growth capital investments in technology, technology-enabled and related industries... , Bain Capital Bain Capital Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private... , the Blackstone Group Blackstone Group The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,... , Goldman Sachs Capital Partners Goldman Sachs The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients... , KKR, Providence Equity Partners Providence Equity Partners Providence Equity Partners is a global private equity investment firm focused on media, entertainment, communications and information investments... , Texas Pacific Group Texas Pacific Group TPG Capital is one of the largest private equity investment firms globally, focused on leveraged buyout, growth capital and leveraged recapitalization investments in distressed companies and turnaround situations. TPG also manages investment funds specializing in growth capital, venture capital,... | A provider of software and services to education, financial services and public sector organizations, acquired by a one of the largest consortia of private equity investment firms | |
| TXU (renamed Energy Future Holdings) | Feb 2007 | KKR, TPG Capital, Goldman Sachs Goldman Sachs The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients... | An energy company based in Texas, acquired in a $45 billion leveraged buyout, which at the time of its announcement, was the largest buyout in history | |
| Univision Communications Univision Communications Univision Communications is an American Spanish language media company in the United States. Its headquarters are in Midtown Manhattan, New York City. Prior to 2007, the headquarters were in Century City, Los Angeles, California, USA.- History :... | Mar 2007 | Madison Dearborn Madison Dearborn Madison Dearborn Partners is a private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth... , Providence Equity Partners Providence Equity Partners Providence Equity Partners is a global private equity investment firm focused on media, entertainment, communications and information investments... , TPG Capital, L.P., THL Partners Thomas H. Lee Partners Thomas H. Lee Partners is a private equity firm based in Boston, Massachusetts specializing in leveraged buyouts, growth capital, special situations, industry consolidations, and recapitalizations.... , Saban Capital Group Haim Saban Haim Saban is an Egyptian born Israeli-American television and media proprietor. With an estimated net worth of $3.5 billion, he is ranked by Forbes as the 104th richest person in America.-Biography:... | A Spanish language television broadcaster in the U.S. | |
| Vendex (renamed Maxeda) | Mar 2004 | KKR | A Netherlands based retail group that operates: Brico, de Bijenkorf De Bijenkorf De Bijenkorf is a chain of upscale department stores in the Netherlands with its flagship store on Dam Square, Amsterdam. It was founded by Simon Philip Goudsmit in 1870 as a small store along the Nieuwendijk, one of Amsterdam's oldest streets, it offers many prestigious brands in clothing,... , Claudia Sträter, M&S M&S (Netherlands) M&S is a Dutch fashion retailer operating 423 stores in the Netherlands, Spain, Germany, France and Belgium founded by Max Abram. Originally only selling ladies' coats the company now offers a wide range of clothing for women in the 35-55 age group.... , Praxis and Vroom & Dreesmann Vroom & Dreesmann Vroom & Dreesmann is a Dutch chain of department stores founded in 1887 by Willem Vroom and Anton Dreesmann. The first V&D store opened in Weesperstraat in Amsterdam... and formerly operated HEMA Hema Hema may refer to:* Hema , an ethnic group in the eastern Democratic Republic of the Congo* Hema , a figure from Polynesian mythology* HEMA , a Dutch chain of stores* Historical European martial arts... , Hunkemöller, and Praxis | |
| Visma Visma Visma is a supplier of business software, outsourcing services, commerce solutions, retail IT solutions, and IT related development and consultancy. Visma has 240 000 customers in Northern Europe... | May 2006 | HgCapital (Engel Holding AS) | A Norwegian Norway Norway , officially the Kingdom of Norway, is a Nordic unitary constitutional monarchy whose territory comprises the western portion of the Scandinavian Peninsula, Jan Mayen, and the Arctic archipelago of Svalbard and Bouvet Island. Norway has a total area of and a population of about 4.9 million... company providing enterprise resource planning Enterprise resource planning Enterprise resource planning systems integrate internal and external management information across an entire organization, embracing finance/accounting, manufacturing, sales and service, customer relationship management, etc. ERP systems automate this activity with an integrated software application... and customer relationship management Customer relationship management Customer relationship management is a widely implemented strategy for managing a company’s interactions with customers, clients and sales prospects. It involves using technology to organize, automate, and synchronize business processes—principally sales activities, but also those for marketing,... software and services | |
| Warner Chilcott Warner Chilcott Warner Chilcott is a pharmaceutical company based in Rockaway, New Jersey, USA. It has production and research facilities in Fajardo, Puerto Rico, Larne, Northern Ireland, Dundalk, Ireland and Weiterstadt, Germany. It is primarily focused on two core therapeutic areas: women’s healthcare and... | Oct 2004 | CCMP Capital CCMP Capital CCMP Capital is a private equity investment firm that focuses on leveraged buyout and growth capital transactions. Formerly known as JP Morgan Partners, the investment professionals of JP Morgan Partners separated from JPMorgan Chase on July 31, 2006. CCMP has invested approximately $12 billion... , Bain Capital Bain Capital Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private... , DLJ Merchant Banking Partners DLJ Merchant Banking Partners DLJ Merchant Banking Partners is a private equity investment firm focused on leveraged buyout transactions. The firm is currently an affiliate of Credit Suisse and traces its roots to Donaldson, Lufkin & Jenrette, the investment bank acquired by Credit Suisse First Boston in 2000... , THL Partners Thomas H. Lee Partners Thomas H. Lee Partners is a private equity firm based in Boston, Massachusetts specializing in leveraged buyouts, growth capital, special situations, industry consolidations, and recapitalizations.... | A specialty pharmaceutical company producing branded prescription products in women's healthcare and dermatology in the U.S. | |
| Weather Channel | Sep 2008 | Blackstone Group Blackstone Group The Blackstone Group L.P. is an American-based alternative asset management and financial services company that specializes in private equity, real estate, and credit and marketable alternative investment strategies, as well as financial advisory services, such as mergers and acquisitions ,... , Bain Capital Bain Capital Bain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private... , NBC Universal NBC Universal NBCUniversal Media, LLC is a media and entertainment company engaged in the production and marketing of entertainment, news, and information products and services to a global customer base... | A media company operating The Weather Channel The Weather Channel The Weather Channel is a US cable and satellite television network since May 2, 1982, that broadcasts weather forecasts and weather-related news, along with entertainment programming related to weather 24 hours a day... cable network |
Source: AlpInvest website
See also
- Volkert DoeksenVolkert DoeksenVolkert Doeksen is a private equity investor and founder of AlpInvest Partners , one of the largest private equity investments managers globally with over €40 billion of assets under management...
- Stichting Pensioenfonds ABPStichting Pensioenfonds ABPStichting Pensioenfonds ABP , frequently referred to as ABP, is the pension fund for government and education employees in the Netherlands...
- Stichting Pensioenfonds Zorg en WelzijnStichting Pensioenfonds Zorg en WelzijnStichting Pensioenfonds Zorg en Welzijn is the second largest pension fund in the Netherlands...
(PFZW)
External links
- AlpInvest Partners (official website)