Court Square Capital Partners
Encyclopedia
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. Court Square's investment professionals have invested over $4.5 billion in more than 150 transactions, which have returned $14 billion to date.
Court Square currently manages approximately $6 billion of investor commitments. The firm focuses on several industry sectors including: business services, health care, industrials, media and publishing, and technology and telecommunications.
Court Square is headquartered in New York City
and was spun out of Citigroup
in 2006. The firm is named after the location of Citigroup's offices at One Court Square in Queens, New York. The firm's predecessor Citigroup Venture Capital Equity Partners traces its roots to 1968 with the founding of Citigroup Venture Capital. In the 1980s, CVC Equity Partners began to focus primarily on leveraged buyout transactions.
The spin out of Court Square came at the same time as the spin outs of private equity groups from other leading investment banks including: JPMorgan Chase (CCMP Capital
), Morgan Stanley
(Metalmark Capital
), Deutsche Bank (MidOcean Partners
) and Credit Suisse First Boston
(Avista Capital Partners
, Diamond Castle Holdings
).
In 2008, Citigroup sold off the bulk of its $400 million of interests in legacy Court Square investment funds to secondary investors
AlpInvest Partners
and Goldman Sachs
.
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....
firm focused on 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...
transactions. Court Square was originally a captive private equity firm within 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...
known as Citigroup Venture Capital Equity Partners. Court Square's investment professionals have invested over $4.5 billion in more than 150 transactions, which have returned $14 billion to date.
Court Square currently manages approximately $6 billion of investor commitments. The firm focuses on several industry sectors including: business services, health care, industrials, media and publishing, and technology and telecommunications.
Court Square is headquartered in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
and was spun out of 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...
in 2006. The firm is named after the location of Citigroup's offices at One Court Square in Queens, New York. The firm's predecessor Citigroup Venture Capital Equity Partners traces its roots to 1968 with the founding of Citigroup Venture Capital. In the 1980s, CVC Equity Partners began to focus primarily on leveraged buyout transactions.
The spin out of Court Square came at the same time as the spin outs of private equity groups from other leading investment banks including: JPMorgan Chase (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...
), Morgan Stanley
Morgan Stanley
Morgan Stanley is a global financial services firm headquartered in New York City serving a diversified group of corporations, governments, financial institutions, and individuals. Morgan Stanley also operates in 36 countries around the world, with over 600 offices and a workforce of over 60,000....
(Metalmark Capital
Metalmark Capital
Metalmark Capital, formerly Morgan Stanley Capital Partners is a private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries. Metalmark was acquired by Citigroup Alternative Investments in December 2007....
), Deutsche Bank (MidOcean Partners
MidOcean Partners
MidOcean Partners is a private equity firm specializing in leveraged buyouts, recapitalizations and growth capital investments in middle-market companies...
) and Credit Suisse First Boston
Credit Suisse First Boston
Credit Suisse First Boston was the former name of the banking firm Credit Suisse.-History:In 1978, Credit Suisse and First Boston Corporation formed a London-based 50-50 investment banking joint venture called the Financière Crédit Suisse-First Boston...
(Avista Capital Partners
Avista Capital Partners
Avista Capital Partners is a private equity firm focused on growth capital and leveraged buyout investments in middle-market companies in the energy, healthcare and media sectors....
, Diamond Castle Holdings
Diamond Castle Holdings
Diamond Castle Holdings is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries including the media, healthcare, financial services, power and industrial sectors....
).
In 2008, Citigroup sold off the bulk of its $400 million of interests in legacy Court Square investment funds to secondary investors
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 Partners
AlpInvest Partners
AlpInvest Partners is a private equity investment manager and at the end of 2009 globally managed over €42 billion ....
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...
.