Lincolnshire Management is a

private equity firm A private equity firm is an investment management company that provides financial backing and makes investments in the private equity of startup or operating companies through a variety of loosely affiliated investment strategies including lev ...

focused on investments and acquisitions in

middle-market companies Authorities provide differing definitions of the middle-market or mid-market companies. While some authorities look to revenue generated by companies to define the middle market, other sources regard either asset size or number of employees as a be ...

across a range of industries. In 2010, Private Equity News ranked Lincolnshire as a top ten performing private equity firm. Additionally, In 2011, CNN Money /Fortune Magazine ranked Lincolnshire Management as the 5th ranked private equity firm. 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 1986 by Frank Wright and Steven Kumble.

History

Prior to founding Lincolnshire, Wright had spent 31 years at

Manufacturers Hanover Trust Company Manufacturers Hanover Corporation was the bank holding company formed as parent of Manufacturers Hanover Trust Company, a large New York bank formed by a merger in 1961. After 1969, Manufacturers Hanover Trust became a subsidiary of Manufac ...

, where he ran the special finance division, which handled financing for

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 ...

s in the early 1980s. After Wright's death in 1992, James Tozer was named president and chief executive and was succeeded in 1998 by T.J. Maloney. In 2005, Kumble left the firm to found Corinthian Capital. The firm has raised approximately $1.7 billion and completed more than 55 investments since inception across four private equity funds. Lincolnshire did not raise its first institutional private equity fund until 1994 when it raised $120 million of commitments. In 2008, Lincolnshire completed fundraising for its fourth private equity fund with $835 million of investor commitments, in excess of its original target and nearly twice the size of its $433 million third fund in 2005. Among the firm's most notable investments include Riddell,

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, and American Coach Lines. In August 2009 Lincolnshire invested in Wabash National Corporation, a manufacturer of flat-bed trailers, which had previously acquired Transcraft, a Lincolnshire portfolio company.

References

External links

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American Capital Joins Lincolnshire Management in Winning Private Equity Deal of the Year From Los Angeles Venture Association, January 2007
{{private equity firms Private equity firms of the United States Companies based in New York City Financial services companies established in 1986 1986 establishments in New York (state)