Code Hennessy & Simmons

Code Hennessy & Simmons

Type	Limited liability company
Industry	Private Equity
Founded	1988
Founder(s)	Andrew W. Code, Daniel J. Hennessy, Brian P. Simmons
Headquarters	Chicago, Illinois, United States
Products	Private equity funds, Leveraged buyout, Growth capital
Total assets	$2.9 billion
Employees	30
Website	www.chsonline.com

Code Hennessy & Simmons (CHS) is a private equity investment firm focusing on leveraged buyout and growth capital transactions. The firm focuses on investments in middle market companies in four basic industries:

• Business services
• Consumer
• Distribution
• Infrastructure and industrial products.

The firm is headquartered in Chicago, Illinois with approximately 30 employees. Among CHS’s most notable investments are American Laser Centers, Otis Spunkmeyer and AMF Bowling.

History

Code Hennessy & Simmons was founded in 1988 by Andrew W. Code, Daniel J. Hennessy and Brian P. Simmons. The three founders had previously worked together in Citicorp’s Leveraged Capital Group in Chicago, Illinois.

Since its inception in 1988, CHS has raised five private equity funds, with total investor commitments of approximately $2.9 billion, dedicated to leveraged buyout and growth capital investments in middle market companies:

• 1989 – CHS Fund I - $82.5 million
• 1994 – CHS Fund II - $155 million
• 1997 - CHS Fund III - $350 million
• 1999 - CHS Fund IV - $1.0 billion
• 2005 - CHS Fund V - $1.3 billion

References

• Company News; J Richard Industries To Buy Portec For $76 Million. New York Times, March 12, 1998
• Company News; Cascade Management Team Joins Bid To Buy Company. New York Times, July 8, 2000
• Agreement Is Said to Be Set On Sale of Plastics Maker. New York Times, May 28, 2002
• Company News; Equity Firm To Buy Amf Bowling For $249 Million. New York Times, November 29, 2003

External links

• Code Hennessy & Simmons (company website)