CIVC Partners, previously known as Continental Illinois Venture Corporation, is a Chicago-based private equity firm that has invested over $1 billion of equity capital. [ [http://www.civc.com/ www.civc.com] ] 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 media and communications. [ [http://www.jegi.com/CIVC-Invests-in-MKG CIVC Partners Invests in Medical Knowledge Group] ]

When Continental Illinois was acquired in 1994 by Bank of America, John Willis and Avy Stein, who had run the group at Continental Illinois left to form Willis Stein & Partners. The remaining CIVC team would form a semi-independent private equity firm, CIVC Partners, with backing from Bank of America. CIVC is today a mid-sized middle-market private equity firm. CIVC announced in 2007 that the firm was seeking to raise its first private equity fund with primarily third-party capital as Bank of America was reducing its exposure to the firm.

CIVC has recently experienced difficulties with its high profile investment in the Financial Guaranty Insurance Company (also known as FGIC), a bond insurer. [ [http://www.thedeal.com/dealscape/2008/05/fgic_still_searching_for_a_lifeline.php FGIC still searching for a lifeline] . TheDeal.com, May 9, 2008] CIVC's other major investments include healthclub operator L A Fitness, landscaping company The Brickman Group and Yellow Pages publisher TransWestern Publishing.

References

External links

* [http://www.civc.com/ CIVC Partners] (company website)
* [http://www.bizjournals.com/portland/gen/company.html?gcode=E8D752272A6B4BE68F3BBEFFB3C128D2 About CIVC Partners]
* [http://www.automotivedigest.com/view_art.asp?articlesID=20157 Guardian Warranty Acquired by CIVC Partners, Stultz Remains President, CEO]
* [http://www.allbusiness.com/banking-finance/financial-markets-investing/5784838-1.html CIVC Partners Closes $650 Million for its Third Fund]

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