Phoenix Equity Partners is a
United Kingdom
The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and North ...
mid-market
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 leve ...
. It specialises in working with management teams to help grow their businesses. It invests in companies valued at up to £150m.
History
Phoenix was co-founded in 2001 by Hugh Lenon, Sandy Muirhead and James Thomas.
The firm is a result of a spin-off of DLJ European Private Equity from Credit Suisse First Boston.
The first iteration of Phoenix Equity Partners was a private equity management business through
Phoenix Group
Phoenix Group Holdings plc (formerly Pearl Group plc) is a provider of insurance services based in London, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
History
The company was founded in 1857 as ...
, established in 1991 as a sister company to Phoenix Securities Limited. In 1997, when Phoenix Group was sold to
Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H. Donaldson, Richard Jenrette, and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; fina ...
(DLJ), this asset followed and the team was renamed DLJ European Private Equity. When
Credit Suisse First Boston
Credit Suisse First Boston (also known as CSFB and CS First Boston) is the investment banking affiliate of Credit Suisse headquartered in New York.
The company was created by the merger of First Boston, First Boston Corporation and Credit Suisse, ...
(CSFB) acquired DLJ in November 2000, the DLJ European Private Equity team spinned off to form Phoenix Equity Partners.
The firm's first fund as Phoenix Equity Partners was called the Phoenix Continuation Fund, which raised £250 million from investors it retained from DLJ European Private Equity. In addition, CSFB committed £20 million to this new fund.
The firm continued to manage the Phoenix Development Capital Fund, Phoenix Equity Partners II Fund, and DLJ Phoenix Equity Partners III fund.
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References
External links
Homepage
Company information
Financial services companies established in 2001
Private equity firms of the United Kingdom
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