CIVC Partners
Encyclopedia
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 Company
. CIVC Partners provides growth and buyout capital to middle-market companies engaged in business services, financial services, and marketing and information services.
When Continental Illinois was acquired in 1994 by Bank of America
, the CIVC team formed a semi-independent private equity firm, CIVC Partners, with backing from Bank of America. Today, CIVC is an independent middle-market private equity firm
with a diverse group of L.P. investors, and recently raised its fourth fund.
CIVC's major past and present investments include, among others: LA Fitness, a health club operator; First Franklin, a sub-prime mortgage bank; The Brickman Group, a commercial landscaping company; Thermo Fluids, an environmental services company; KS Energy Services, a utility services provider; TransWestern Publishing, a publisher of yellow pages directories; Goldline International
, a direct marketer of numismatic and bullion coins; and Wintrust Financial Corporation, a regional bank holding company.
Chicago
Chicago is the largest city in the US state of Illinois. With nearly 2.7 million residents, it is the most populous city in the Midwestern United States and the third most populous in the US, after New York City and Los Angeles...
-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 Company
Continental Illinois National Bank and Trust Company
The Continental Illinois National Bank and Trust Company was at one time the seventh-largest bank in the United States as measured by deposits with approximately $40 billion in assets. In 1984, Continental Illinois became the largest ever bank failure in U.S. history, when a run on the bank led to...
. CIVC Partners provides growth and buyout capital to middle-market companies engaged in business services, financial services, and marketing and information services.
When Continental Illinois was acquired in 1994 by Bank of America
Bank of America
Bank of America Corporation, an American multinational banking and financial services corporation, is the second largest bank holding company in the United States by assets, and the fourth largest bank in the U.S. by market capitalization. The bank is headquartered in Charlotte, North Carolina...
, the CIVC team formed a semi-independent private equity firm, CIVC Partners, with backing from Bank of America. Today, CIVC is an independent middle-market private equity firm
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...
with a diverse group of L.P. investors, and recently raised its fourth fund.
CIVC's major past and present investments include, among others: LA Fitness, a health club operator; First Franklin, a sub-prime mortgage bank; The Brickman Group, a commercial landscaping company; Thermo Fluids, an environmental services company; KS Energy Services, a utility services provider; TransWestern Publishing, a publisher of yellow pages directories; Goldline International
Goldline International
Goldline International, Inc. is a retail seller of gold and silver coins, and other precious metals for investors and collectors. Headquartered in Santa Monica, California, Goldline has more than 350 employees and an estimated $737 million in 2010 revenues....
, a direct marketer of numismatic and bullion coins; and Wintrust Financial Corporation, a regional bank holding company.
External links
- CIVC Partners (company website)