One Equity Partners

One Equity Partners
One Equity Partners
Type Private
Industry Private equity
Founded 2001
Founder(s) Dick Cashin, Managing Partner
Headquarters New York City, New York, United States
Chicago, Illinois, United States
Products Leveraged buyout, Growth capital
Total assets $8 billion
Employees 40+
Parent JPMorgan Chase (formerly Bank One)
Website www.oneequity.com

One Equity Partners is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries.

The firm, which is based in New York City and Chicago, was founded in 2001. The firm also has offices in Menlo Park, Hong Kong and Frankfurt. The firm has collected approximately $8 billion of investments and capital commitments, primarily from JPMorgan Chase and previously Bank One and has completed over $4 billion of investments in more than 40 companies since inception.

Contents

Investments

In 2006, One Equity, together with The Blackstone Group and Technology Crossover Ventures acquired Travelport from Cendant in a $4.3 billion buyout. The company owns Worldspan and Galileo as well as approximately 48% of Orbitz Worldwide. The sale of Travelport followed the spin-offs of Cendant's real estate and hospitality businesses, Realogy Corporation and Wyndham Worldwide Corporation, respectively, in July 2006.[1][2] Later in the year, TPG and Silver Lake would acquire Travelport's chief competitor Sabre Holdings.

Among One Equity's other notable investments include Polaroid Corporation which was sold in 2005 at a significant gain[3][4][5], as well as: Apollo Hospitals, Carlson Wagonlit Travel, Clipper Windpower, NCO Group[6], Pfleiderer, Systagenix Wound Management, ThyssenKrupp Marine Systems, Vertrue and X-Rite.

History

History of private equity
and venture capital
Objectivist.jpg

Early history
(Origins of modern private equity)

The 1980s
(LBO boom)

The 1990s
(LBO bust and the VC bubble)

The 2000s
(Dot-com bubble to the credit crunch)

v · d · e

One Equity Partners was founded in 2001 by Dick Cashin to serve as the private equity investment arm of Bank One. Cashin had previously served as president of Citicorp Venture Capital, the predecessor of Court Square Capital Partners and CVC Capital Partners, where he worked for Bank One's then CEO, Jamie Dimon.

In 2002, former Ford Motor Company CEO Jacques Nasser joined One Equity. He would serve as chairman of Polaroid Corporation. Nasser was involved in 2006, when One Equity was speculated as one of several potential private equity bidders for Jaguar Cars.[7]

In 2004, JPMorgan Chase completed its acquisition of Bank One. Prior to the merger, JPMorgan had its own in-house private equity investment group, JPMorgan Partners. JPMorgan Partners was significantly larger than One Equity and focused on larger transactions. One Equity, was ultimately designated as the exclusive private equity platform for JPMorgan Chase, at which point JPMorgan Partners formalized plans to spin out of JPMorgan Chase and was renamed CCMP Capital.[8] In 2008, when JPMorgan Chase acquired Bear Stearns' private equity platform, Bear Stearns Merchant Banking, One Equity was once again designated the exclusive private equity arm for the combined firm.[9]

See also

Notes

  1. ^ Sachdev, Ameet. " Orbitz travels to 4th owner: Blackstone Group to buy from Cendant.", Chicago Tribune, July 1, 2006. Accessed September 15, 2007.
  2. ^ Fineman, Josh. "Cendant to sell Orbitz to Blackstone for $4.3 Bln", Bloomberg.com, June 30, 2006. Accessed September 15, 2007.
  3. ^ BANK ONE EQUITY UNIT IS TOP BIDDER FOR POLAROID ASSETS. New York Times, June 28, 2002
  4. ^ VALUE OF POLAROID ASSETS WILL BE RE-EXAMINED. New York Times, January 18, 2003
  5. ^ Polaroid Being Acquired for $426 Million. New York Times, January 8, 2005
  6. ^ Outsourcing Company to Be Acquired. New York Times, July 25, 2006
  7. ^ On your marques: former Ford chief Nasser eyes up Jaguar. The Independent, August 26, 2006.
  8. ^ Bear Stearns private equity units face uncertain future (Private Equity Online, 2008)
  9. ^ http://blogs.wsj.com/deals/2008/03/18/what-happens-to-bear-stearns-merchant-banking-arm/. Wall Street Journal: Deal Journal, March 18, 2008

References

External links


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать реферат

Look at other dictionaries:

  • One Equity Partners — Rechtsform Gründung 2001 Sitz New York City, New York Branche Finanzen, Investment Website …   Deutsch Wikipedia

  • Ridgemont Equity Partners — Type Private Industry Private equity Predecessor BAML Capital Partners (2009 11), Bank of America Capital Investors (1993 2009), Merrill Lynch Global Private Equity (1996 2009) …   Wikipedia

  • Providence Equity Partners — Infobox Company name = Providence Equity Partners type = Limited liability company genre = foundation = 1989 founder = location city = Providence, Rhode Island location country = USA location = locations = area served = key people = Jonathan M.… …   Wikipedia

  • NRDC Equity Partners — NRDC Equity Partners, LLC Type Private Ownership Industry Private Equity Founded 2006 Founder(s) …   Wikipedia

  • Affinity Equity Partners — Infobox Company company company name = Affinity Equity Partners company type = Private Ownership foundation = 2002 location = industry = Private Equity products = Private equity funds assets = $3.5 billion homepage =… …   Wikipedia

  • One Chase Manhattan Plaza — 1 Chase Manhattan Bank General information Status Complete Loc …   Wikipedia

  • Equity partner — An equity partner is a partner in a partnership who is a part owner of the business, and is entitled to a proportion of the distributable profits of the partnership. The term is used in contra distinction to a salaried partner (or contract… …   Wikipedia

  • Partners of the Americas — Infobox Company company name = Partners of the Americas company company type = Non profit organization foundation = 1964 location = Washington D.C., District of Columbia, United States key people = Stephen Vetter (Chief Executive Officer)Pablo… …   Wikipedia

  • Private equity in the 21st century — relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub industries, leveraged buyouts and venture capital experienced growth along parallel although… …   Wikipedia

  • List of private equity firms — The following are several lists of notable private equity firms based on criteria laid out in each list. Contents 1 Largest private equity firms 2 List of investment banking private equity groups 3 Notable private equity firms …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”