- Kohlberg & Company
Infobox_Company
company_name = Kohlberg & Company
company_
company_type =Limited liability company
foundation =1987
key_people =
location =
industry =Private Equity
products =Investments , private equity funds
assets =
homepage = [http://www.kohlberg.com www.kohlberg.com]
num_employees =Kohlberg & Company is a
private equity firm focues onleveraged buyout transactions founded by industry pioneerJerome Kohlberg, Jr. Today, the firm invests in a variety of transactions including leveraged carveouts (buyouts of divisions from larger companies), take private transactions and acquisitions of privately held companies. The firm, focuses on companies facing operational or financial challenges, particularly middle-market companies. As of the end of
2007 , Kohlberg & Company had raised sixprivate equity fund s since its inception, with approximately $3.7 billion of investor commitments. Kohlberg's previous funds totalled $306 million (1988 ), $165 million (1994 ), $320 million (1997 ), $576 million (2000 ) and $800 million (2004 ), respectively.Additionally, Kohlberg also operates a series of debt investment funds under the banner of Katonah Debt Advisors, which it founded in
2000 as Katonah Capital. As of the end of2007 , Katonah Capital, and its successor, Katonah Debt Advisors had raised approximately $3.5 billion through 9collateralized debt obligation funds. In 2006, the firm completed aninitial public offering for Kohlberg Capital Corporation (NASDAQ:KCAP) to providesenior debt and mezzanine financing.Kohlberg has approximately 25 investment professionals based in
Mt. Kisco, New York ,New York City , andPalo Alto, California .History
The firm was founded in
1987 , whenJerome Kohlberg, Jr. resigned from Kohlberg Kravis Roberts & Co. over differences in strategy. Kohlberg did not favor the larger buyouts (including Beatrice Companies (1985) and Safeway (1986) and would later likely have included the1989 takeover ofRJR Nabisco ), highly leveraged transactions orhostile takeovers being pursued increasingly by KKR.STERNGOLD, JAMES. " [http://query.nytimes.com/gst/fullpage.html?res=9B0DE7DF1F3CF93AA25755C0A961948260 BUYOUT PIONEER QUITTING FRAY] ."New York Times , June 19, 1987.] [BARTLETT, SARAH. " [http://query.nytimes.com/gst/fullpage.html?res=950DE2D8153CF933A0575BC0A96F948260 Kohlberg In Dispute Over Firm] ."New York Times , August 30, 1989] Instead, Kohlberg chose to return to his roots, acquiring smaller, middle-market companies and in1987 , he would found a new private equity firm Kohlberg & Company along with his son James A. Kohlberg, at the time a KKR executive. Their intent was to concentrate on transactions that could generate returns through revenue growth and operating improvements using only moderate leverage.Jerome Kohlberg retired from Kohlberg & Company in
1994 . [ANTILLA, SUSAN. " [http://query.nytimes.com/gst/fullpage.html?res=9D00E4DC1031F937A15757C0A962958260 Wall Street; A Scion of the L.B.O. Reflects] ."New York Times , April 24, 1994]ee also
*
Jerome Kohlberg, Jr.
*History of private equity and venture capital References
External links
* [http://www.kohlberg.com Kohlberg & Company] (company website)
* [http://www.katonahdebtadvisors.com Katonah Debt Advisors] (company website)
* [http://www.kohlbergcapital.com/ Kohlberg Capital Corporation] (company website)
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