MidOcean Partners is a New York-based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments. The firm, founded in February 2003, is based in Midtown Manhattan. MidOcean was originally formed by the managers of DB Capital Partners to acquire

Deutsche Bank Deutsche Bank AG (), sometimes referred to simply as Deutsche, is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Sto ...

's late stage

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 ...

investments in the United States and Europe in one of the largest private equity secondary transactions completed to date.

History

MidOcean Partners was formed through a management spinout transaction. A group of investors provided capital to the managers of DB Capital Partners, led by MidOcean CEO Ted Virtue, to acquire the portfolio of

private equity investments 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 typ ...

they had managed at

. Among the investors in the transaction were NIB Capital Private Equity (today

AlpInvest Partners AlpInvest Partners is a Dutch private equity asset manager with over $47 billion of assets under management as of September 30, 2017. The firm invests on behalf of a broad range of institutional investors from North America, Asia, Europe, South ...

), HarbourVest Partners, Paul Capital Partners, Coller Capital,

Ontario Teachers' Pension Plan The Ontario Teachers' Pension Plan Board (french: Régime de retraite des enseignantes et des enseignants de l'Ontario) is an independent organization responsible for administering defined-benefit pensions for school teachers of the Canadian pr ...

and

CPP Investment Board The Canada Pension Plan Investment Board (CPPIB; french: Office d'investissement du régime de pensions du Canada), operating as CPP Investments (french: Investissements RPC), is a Canadian Crown corporation established by way of the 1997 ''Cana ...

, with investments from

Northwestern Mutual Northwestern Mutual is an American financial services mutual organization based in Milwaukee, Wisconsin. The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning, investm ...

, The

Yucaipa Companies The Yucaipa Companies, LLC is an American private equity firm founded in 1986 by Ronald Burkle. It specializes in private equity and venture capital, with a focus on middle-market companies, growth capital, industry consolidation, leveraged buy ...

and Presidential Life. The management spinout of MidOcean, at the time valued at €1.5 billion (over $1.8 billion) was then and is still one of the largest transactions completed in the private equity secondary market. In June 2022, MidOcean Partners acquired Pragmatic Institute, a product management training company. The spinout of MidOcean came at the same time as the spinouts of private equity groups from other leading investment banks including:

JPMorgan Chase JPMorgan Chase & Co. is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of 2022, JPMorgan Chase is the largest bank in the United States, the ...

(

CCMP Capital CCMP Capital is an American private equity investment firm that focuses on leveraged buyout and growth capital transactions. Formerly known as JP Morgan Partners, the investment professionals of JP Morgan Partners separated from JPMorgan Chase o ...

), Citigroup (

Court Square Capital Partners Court Square Capital Partners is a private equity firm focused on leveraged buyout transactions. Court Square was originally a captive private equity firm within Citigroup known as Citigroup Venture Capital Equity Partners. Court Square's inve ...

Morgan Stanley Morgan Stanley is an American multinational investment management and financial services company headquartered at 1585 Broadway in Midtown Manhattan, New York City. With offices in more than 41 countries and more than 75,000 employees, the fir ...

(

Metalmark Capital Metalmark Capital, formerly Morgan Stanley Capital Partners is a private equity firm focused on leveraged buyout investments in middle-market companies across a range of industries. Metalmark was acquired by Citigroup Alternative Investments i ...

) and

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 Corporation and Credit Suisse Group in 1988 ...

(

Avista Capital Partners Avista Capital Partners is an American private equity firm headquartered in New York City focused on growth capital and leveraged buyout investments in middle-market companies in the domestic healthcare sector. History The firm was founded in 2 ...

Diamond Castle Holdings Diamond Castle Holdings is a private equity firm focused on leveraged buyout and growth capital investments in middle-market companies across a range of industries including the media, healthcare, financial services, power and industrial sectors. ...

Investments

Among MidOcean's investments are various business services; consumer and leisure companies,

media Media may refer to: Communication * Media (communication), tools used to deliver information or data ** Advertising media, various media, content, buying and placement for advertising ** Broadcast media, communications delivered over mass e ...

and niche industrial services companies including:
Music Reports
*

Casablanca Fan Company Casablanca Fan Company is a ceiling fan company currently based in Memphis, Tennessee. In the late 1970s, the company became known for their premium fans, which were marketed as furniture. History Casablanca was founded by Burton A. Burton ...

Center Parcs UK Center Parcs UK and Ireland (formerly Center Parcs UK) is a short-break holiday company that operates six holiday villages in the United Kingdom and Republic of Ireland, with each covering about of woodland. The company's first village open ...

* Hunter Fan Company *

Jostens Jostens is an American manufacturer of memorabilia. The company is primarily known for its production of yearbooks and class rings for various high schools and colleges as well as championship rings for sports. Jostens also produced photobook pro ...

* LA Fitness (Europe) —unaffiliated with American

LA Fitness LA Fitness (doing business as LA Fitness International LLC) is an American gym chain with more than 700 clubs across the United States and Canada. The company was formed in 1984 and is based in Irvine, California. History LA Fitness was founde ...

company *

Palace Entertainment Palace Entertainment is a subsidiary of Madrid, Spain based Parques Reunidos which operates various attractions including amusement parks, zoos, and water parks around the world. Palace Entertainment is based in Pittsburgh, Pennsylvania and is ...

Prestige Brands Prestige Consumer Healthcare Inc. (formerly Prestige Brands, Inc.) is an American company that markets and distributes over-the-counter healthcare and household cleaning products. It was formed by the merger of Medtech Products, Inc., Prestige B ...

Sbarro Sbarro, LLC is an American pizzeria chain that specializes in New York-style pizza sold by the slice and other Italian-American cuisine. In 2011, the company was ranked 15th in foreign sales among U.S.-based quick-serve and fast-casual comp ...

* Stratus Technologies * Totes-Isotoner *

United Biscuits United Biscuits (UB) is a British multinational food manufacturer, makers of McVitie's biscuits, Jacob's Cream Crackers, and Twiglets. The company was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index. In ...

* Young America Corporation * KidKraft *

LegalShield LegalShield (previously known as Pre-Paid Legal Services or simply Pre-Paid Legal) is an American corporation that sells legal service products direct to consumer through employer groups and through multi-level marketing in the United States, an ...

(previously known as Pre-Paid Legal) * Travelpro Products, Inc * Questex, a "leading B2B information services provider", acquired from

Shamrock Capital Shamrock Holdings, or Shamrock, is a private equity firm founded as the Roy E. Disney family's investment firm; the Disney family remains its sole investor. Shamrock is a private corporation, and is fully owned by the estate of Roy E. Disney. Dis ...

in 2018 for a price estimated at around $180 million; Questex holdings include: :* FierceMarkets Inc., a

Washington, DC ) , image_skyline = , image_caption = Clockwise from top left: the Washington Monument and Lincoln Memorial on the National Mall, United States Capitol, Logan Circle, Jefferson Memorial, White House, Adams Morgan ...

based electronic media company focused on online and e-mail newsletter trade publishing covering various industries. Fierce-branded properties include ''FierceBiotech'', ''FierceCable'', ''FierceCEO'', ''FierceHealthcare'', ''FiercePharma'', ''FierceRetail'', ''FierceTelecom'', and ''FierceWireless''. :* Marketplaces, including Beauty, Spa & Wellness, Hospitality, Life Sciences & Healthcare, Telecommunications & Technology and TravelQuestex main web page
Retrieved 2019-03-27.

Former investments

Bushnell Corporation Bushnell Corporation is an American firm that specializes in sporting optics and outdoor products. It is based in Overland Park, Kansas and is a subsidiary of Vista Outdoor. Bushnell's produces binoculars, telescopes, spotting scopes, riflesco ...

, sold in 2013 to Alliant Techsystems/ATK * Jenny Craig, Inc. * Water Pik, Inc. (agreed to sell: 2017)

Leadership

* Ted Virtue – CEO * Steve Shenfeld – President * Deborah Hodges – COO & Managing Director * Andrew Spring – CFO & Managing Director Source:

References

Former Deutsche Buyout Arm Raised $1 billion for New Fund
"

New York Times ''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid ...

, July 19, 2006
MidOcean Partners to Raise $1 billion fund
, eFinancial News, January 9, 2006
Goldman Sachs, CPPIB Lead $925M Secondary Buy
"Buyouts, April 17, 2006

, PR Newswire, May 23, 2016
Secondaries grow in stature

External links

MidOcean Partners
(company website) {{DEFAULTSORT:Midocean Partners Private equity firms of the United States Private equity secondary market Investment banking private equity groups Financial services companies established in 2003 DB Group Companies based in Manhattan Hedge fund firms in New York City 2003 establishments in New York City