Kohlberg & Company is an American
private equity firm that focuses on
leveraged buyout transactions. Founded by investor
Jerome Kohlberg, Jr.
Jerome Kohlberg Jr. (July 10, 1925 – July 30, 2015) was an American businessman and investor. He was an early pioneer in the private equity and leveraged buyout industries founding private equity firm Kohlberg Kravis Roberts & Co. and later Koh ...
, the firm invests in a variety of transactions including leveraged carveout, take-private transactions, and acquisitions of privately held companies.
History
The firm was founded in 1987,
when American businessman and investor
Jerome Kohlberg Jr.
Jerome Kohlberg Jr. (July 10, 1925 – July 30, 2015) was an American businessman and investor. He was an early pioneer in the private equity and leveraged buyout industries founding private equity firm Kohlberg Kravis Roberts & Co. and later Koh ...
resigned from
Kohlberg Kravis Roberts & Co. over differences in strategy. Kohlberg did not favor the larger buyouts, including
Beatrice Companies in 1985 and
Safeway
Safeway is an American supermarket chain founded by Marion Barton Skaggs in April 1915 in American Falls, Idaho. The chain provides grocery items, food and general merchandise and features a variety of specialty departments, such as bakery, d ...
in 1986, highly
leveraged transactions or
hostile takeovers being pursued increasingly by KKR.
Instead, Kohlberg chose to return to his roots, acquiring smaller,
middle-market companies, and in 1987 he formed Kohlberg & Company along with his son James, who at that time was 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.
Kohlberg & Company is headquartered in
Mount Kisco, New York
Mount Kisco is a Administrative divisions of New York#Village, village and Administrative divisions of New York#Town, town in Westchester County, New York, United States. The town of Mount Kisco is coterminous municipality, coterminous with the vil ...
.
Funds
As of 2020, Kohlberg & Company has raised nine
private equity fund
A private equity fund (abbreviated as PE fund) is a collective investment scheme used for making investments in various equity (and to a lesser extent debt) securities according to one of the investment strategies associated with private equity ...
s since its inception, with approximately
$10 billion of investor commitments.
See also
*
History of private equity and venture capital
*
MarketCast
MarketCast is an American company specializing in fandom, market research and data analytics. Based in Los Angeles, it was founded in 1987 and is a portfolio company of Kohlberg & Company.
References
External links
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{{DEFAULTSORT:Kohlberg and Company
Private equity firms of the United States
Companies based in Westchester County, New York
Kohlberg Kravis Roberts
Financial services companies established in 1987
Companies listed on the Nasdaq