Berkshire Partners
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| Type | Private Ownership |
|---|---|
| Industry | Private Equity |
| Founded | 1984 |
| Headquarters | Boston, Massachusetts, United States |
| Products | Private equity funds, Leveraged buyouts |
| Total assets | N/A[1] |
| Website | www.berkshirepartners.com |
Berkshire Partners, the Boston-based private equity firm, has invested in leading mid-sized companies for over twenty-five years through eight investment funds with aggregate capital of $11 billion. Berkshire has developed specific industry experience in several areas including retailing, consumer products, manufacturing, transportation, energy, business services and communications. Since the mid-1980s, Berkshire has invested in over 100 companies with approximately $20 billion of acquisition value and combined revenues of over $22 billion. Berkshire seeks to invest $50 million to $500 million of equity capital in each portfolio company.
History
| History of private equity and venture capital |
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Berkshire Partners was founded by Bradley M. Bloom, J. Christopher Clifford, Carl Ferenbach, Richard K. Lubin and Russell L. Epker in 1984. The firm traces its roots back to Boston's Thomas H. Lee Partners, a large-cap private equity firm founded a decade earlier. Since its founding in 1984, Berkshire has raised eight private equity funds with total investor commitments of $11.0 billion since inception.
- Berkshire Fund I (1984) - $59 million
- Berkshire Fund II (1986) - $125 million
- Berkshire Fund III (1992) - $168 million
- Berkshire Fund IV (1996) - $387 million
- Berkshire Fund V (1999) - $985 million
- Berkshire Fund VI (2002) - $1.7 billion
- Berkshire Fund VII (2006) - $3.1 billion
- Berkshire Fund VIII (2011) - $4.5 billion
Portfolio
Since its inception in 1984, Berkshire Partners has invested in over 100 companies and developed specific industry experience in several areas including retailing, consumer products, manufacturing, transportation, energy, business services and communications. Representative investments include Amscan/Party City, Bare Escentuals, Carter's, Crown Castle International, NEW Asurion and TransDigm Group. For information on additional investments visit their website[2].
Past investments
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Past Investments[3] Year Investment Company Sale Year 1984 Leveraged Buyout Carlin Foods Strategic Buyer 1987 1987 Growth Capital Clean Harbors IPO: Secondary 1989 1987 Leveraged Buyout Wisconsin Central Transportation IPO: Secondary 1992 1987 Recapitalization Image Industries IPO: Secondary 1994 1988 Leveraged Buyout Fresh Start Bakeries Strategic Buyer 1994 1988 Recapitalization WTI[disambiguation needed 
]
Strategic Buyer 1997 1990 Leveraged Buyout Loveshaw Strategic Buyer 1994 1990 Recapitalization America's Best Contacts & Eyeglasses Recapitalization 1997 1991 Leveraged Buyout Recreation Vehicle Products Financial Buyer 1996 1991 Recapitalization Salem Sportswear IPO: Secondary 1993 1992 Leveraged Buyout Papa Gino's Financial Buyer 2003 1993 Leveraged Buyout Trico Marine Services IPO: Distribution 1996 1993 Privatization Tranz Rail IPO: Secondary; Open Market Sales 2002 1993 Recapitalization Gold Coast Beverage Distributors Financial Buyer 1996 1995 Growth Capital GBFC Strategic Buyer 1996 1995 Growth Capital Crown Castle International IPO: Secondary 2001 1995 Growth Capital Profit Recovery Group International IPO: Secondary 1999 1995 Privatization NPR Strategic Buyer 1997 1995 Recapitalization InteSys Technologies Strategic Buyer 1999 1996 Growth Capital Cypress Holding Company Strategic Buyer 2000 1996 Industry Consolidation Patterson Broadcasting Strategic Buyer 1998 1996 Privatization English Welsh and Scottish Railway Strategic Buyer 2007 1996 Recapitalization Thomas Built Buses Strategic Buyer 1998 1997 Industry Consolidation WordWave Strategic Buyer 2006 1997 Leveraged Buyout Charrette Strategic Buyer 1999 1997 Privatization Castle Transmission International Merger IPO; Open Market Sales 2000 1997 Recapitalization The Holmes Group Strategic Buyer 2005 1998 Industry Consolidation Sterling Collision Centers Strategic Buyer 2001 1998 Leveraged Buyout Miami Cruiselines Strategic Buyer 2000 1998 Recapitalization Avery Weigh Tronix Leveraged Buyout 2006 1999 Corporate Carveout Fresh Start Bakeries Financial Buyer 2006 2000 Growth Capital Casella Waste Systems Open Market Sales 2007 2000 Recapitalization Savers Financial Buyer 2006 2000 Take-Private Recapitalization U.S. Can Strategic Buyer 2006 2001 Recapitalization Carter's IPO: Secondary; Open Market Sales 2006 2002 Growth Capital Crown Castle International Open Market Sales 2003 2003 PIPE Recapitalization Hexcel Open Market Sales 2006 2003 Recapitalization Acosta Inc. Recapitalization 2006 2004 Recapitalization Bare Escentuals Strategic Buyer 2010 2005 Recapitalization American Tire Distributors Financial Buyer 2010 2005 Recapitalization; Growth Capital Waterworks Recapitalization 2009 2009 Industry Consolidation Crown Castle International Open Market Sales 2010
External links
- Berkshire Partners (company website)
References
- ^ $6.5B funds raised since inception
- ^ http://www.berkshirepartners.com/invest_current.shtml
- ^ "Former investments" Berkshire Partners, Investment History
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