Charterhouse Group is
private equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a t ...
firm focused on
leveraged buyout
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money ( leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loa ...
investments in the US.
The firm, which is based in
New York City
New York, often called New York City or NYC, is the most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the most densely populated major city in the Un ...
, was founded in 1973 and is one of the oldest buyout firms in the US. Since inception, the firm has raised more than $2 billion of capital from
institutional investors across six private equity funds and has invested in over 100 companies.
History
Charterhouse Group was founded in 1973 as the US-based investment arm of the British investment bank
Charterhouse Bank
Charterhouse Bank was a British investment bank.
History
Charterhouse Bank was incorporated as an investment bank in December 1920. In 1925, Charterhouse Investment Trust was created, with its first sponsored issue being that of International Pul ...
. In the 1980s Charterhouse Group completed a spinoff from its parent bank and became an independent investment firm. In 1989, the firm raised its first
private equity fund, Charterhouse Equity Partners, with outside investors. Between 1989 and 2005 the Charterhouse Group invested more than $2 billion in at more than 100 companies and completed some 400 acquisitions.
In 2012 Bloomberg reported that CharterHouse Group had called off fundraising for new fund pools to focus on "deal by deal" investments. The firm's last fund closed in 2005.
In June 2014 CharterHouse Group sold its interest in TierPoint, a data center service provider.
Among Charterhouse's most notable investments, since its founding in the 1970s, are
Dreyer's Grand Ice Cream Holdings,
Cencom Cable Television,
Charter Communications
Charter Communications, Inc., is an American telecommunications and mass media company with services branded as Spectrum. With over 32 million customers in 41 states, it is the second-largest cable operator in the United States by subscribe ...
,
Cornell Companies
Cornell Companies (NYSE:CRN) was an American corporation that operated correctional facilities, contracting them to state and local governments. The company's headquarters were located in Houston, Texas. On August 12, 2010, Cornell was acquired b ...
,
Del Monte Corporation
Del Monte Foods, Inc (trading as Del Monte Foods) is an American Food industry, food production and Food distribution, distribution company headquartered in Walnut Creek, California, Walnut Creek, California. Del Monte Foods is one of the co ...
,
Fleer Corporation,
Insignia Financial Group
Insignia Financial Group was a company that invested in apartments that were financially distressed, with the goal of increasing value via recapitalization. It was founded and controlled by billionaire Andrew L. Farkas and was headquartered i ...
,
Lason,
Amerifit Brands,
Suddenlink Communications and
MXenergy.
References
External links
Charterhouse Equity Advisors(U.S. private equity arm)
CharterHouse Bank(U.K. parent company)
Private equity firms of the United States
Companies based in New York City
Financial services companies established in 1973
1973 establishments in New York City
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