Riordan, Lewis & Haden
Encyclopedia
Riordan, Lewis & Haden is a private equity firm based in Los Angeles
that focuses on making investments in growing, profitable businesses with $20–200 million in revenue. The firm, which was founded in 1982, currently manages over $400 million in committed capital. Sectors of particular investment interest to the firm include business services, healthcare, and government services.
in revenue and earnings of 20% or greater, with EBITDA
ranging from $5 million to $20 million and proven executive leadership. These enterprises are typically seeking between $15 million and $50 million of equity capital for one or more purposes including shareholder liquidity, growth, reducing balance sheet leverage, or recapitalization
.
. From inception through the late 1990s, RLH invested largely the capital of its principals. Based upon the track record compiled during that period, the firm expanded its capital base, starting in 1999 by raising private equity funds from predominantly institutional investors. The firm has raised two such funds, the most recent of which totaled $265 million and had a final closing in early 2007. RLH currently is led by a team of eight investment professionals who collectively have over 100 years of private equity experience, with an average tenure of 11 years at RLH. The firm’s team includes Chris Lewis, Murray Rudin, Michel Glouchevitch, Rob Zielinski, Ken Hubbs, Kevin Cantrell, and Ryan Smiley.
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
that focuses on making investments in growing, profitable businesses with $20–200 million in revenue. The firm, which was founded in 1982, currently manages over $400 million in committed capital. Sectors of particular investment interest to the firm include business services, healthcare, and government services.
Investment Criteria
RLH typically invests in businesses which have achieved a compound annual growth rateCompound annual growth rate
Compound annual growth rate is a business and investing specific term for the smoothed annualized gain of an investment over a given time period...
in revenue and earnings of 20% or greater, with EBITDA
EBITDA
EBITDA is an acronym for earnings before interest, taxes, depreciation, and amortization. It is a non-GAAP metric that is measured exactly as stated. All interest, tax, depreciation and amortization entries in the income statement are reversed out from the bottom-line net income...
ranging from $5 million to $20 million and proven executive leadership. These enterprises are typically seeking between $15 million and $50 million of equity capital for one or more purposes including shareholder liquidity, growth, reducing balance sheet leverage, or recapitalization
Recapitalization
Recapitalization is a sort of a corporate reorganization involving substantial change in a company's capital structure. Recapitalization may be motivated by a number of reasons. Usually, the large part of equity is replaced with debt or vice versa...
.
Representative Investments
Some of RLH's notable investments include:- Cymetrix Corporation
- Data Processing Resources Corporation
- Foundstone
- ITS Corporation
- maxIT Healthcare
- Physical Rehabilitation Network
- Secure Mission Solutions
- Silverado Senior Living
- Tetra Tech Corporation
- The Apothecary Shops
History
The firm was co-founded in 1982 by Chris Lewis and Richard RiordanRichard Riordan
Richard J. Riordan is a Republican politician from California, U.S.A. who served as the California Secretary for Education from 2003–2005 and as the 39th Mayor of Los Angeles, California from 1993–2001...
. From inception through the late 1990s, RLH invested largely the capital of its principals. Based upon the track record compiled during that period, the firm expanded its capital base, starting in 1999 by raising private equity funds from predominantly institutional investors. The firm has raised two such funds, the most recent of which totaled $265 million and had a final closing in early 2007. RLH currently is led by a team of eight investment professionals who collectively have over 100 years of private equity experience, with an average tenure of 11 years at RLH. The firm’s team includes Chris Lewis, Murray Rudin, Michel Glouchevitch, Rob Zielinski, Ken Hubbs, Kevin Cantrell, and Ryan Smiley.
External links
- Riordan, Lewis & Haden (company website)