Charterhouse Group

Last updated
Charterhouse Group
Type Private
Industry Private Equity
Founded1973;49 years ago (1973)
Headquarters New York, New York, United States
Products Leveraged buyouts
Total assets $2.0 billion
Website www.charterhouseequity.com

Charterhouse Group is private equity firm focused on leveraged buyout investments in the US.

Contents

The firm, which is based in New York City, 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. [1] 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. [2]

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. [3]

In June 2014 CharterHouse Group sold its interest in TierPoint, a data center service provider. [4] [5]

Among Charterhouse's most notable investments, since its founding in the 1970s, are Dreyer's Grand Ice Cream Holdings, Cencom Cable Television, Charter Communications, Cornell Companies, Del Monte Corporation, Fleer Corporation, Insignia Financial Group, Lason, Amerifit Brands, Suddenlink Communications and MXenergy.

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References

  1. "Charterhouse Group Announces Exit Of Investment In Oakleaf Global Holdings, Inc. in a $655 Million Transaction". PR Newswire. 1 August 2007. Retrieved 13 April 2017.
  2. Charterhouse Group to Sell NewPath Networks to Crown Castle in a $115 Million Transaction, PR Newswire, July 30, 2009.
  3. Charterhouse Group Abandons Fundraising After Two Years, by Luisa Beltran, PE Hub, August 1, 2012.
  4. Verge, Jason (12 June 2014). "TierPoint Management Teams Up With Investors to Buy, Recapitalize the Company". Data Center Knowledge. Retrieved 1 September 2015.
  5. "Charterhouse Announces Sale of its Interest in TierPoint". Archived from the original on 2015-09-23. Retrieved 1 September 2015.