Freeman Spogli & Co.

Last updated
Freeman Spogli & Co.
Company type Private Ownership
Industry Private Equity
Founded1983;41 years ago (1983)
Founder Richard Riordan, Bradford M. Freeman and Ronald P. Spogli
Headquarters Los Angeles, California, United States
Products Private equity funds, Leveraged buyouts
Website www.freemanspogli.com

Freeman Spogli & Co. is a private equity firm dedicated to investing with management in middle market companies in the consumer and distribution sectors through leveraged buyouts and recapitalizations. The firm invests in the United States.

Contents

History

Freeman Spogli, originally known as Riordan, Freeman & Spogli, was founded in 1983 by Richard Riordan, Bradford M. Freeman, and Ronald P. Spogli. [1]

Co-founder Richard Riordan, who would later go on to serve as Mayor of Los Angeles, had been an attorney and had made substantial personal investments in technology companies. After joining the firm, Riordan focused primarily on venture capital investments in computer, medical, and semiconductor companies. Prior to co-founding Freeman Spogli, Bradford Freeman and Ronald P. Spogli had been Managing Directors in the Corporate Finance Department at Dean Witter Reynolds. [2]

The firm made its name in the 1980s through a series of leveraged buyout transactions. Throughout the 1980s, Riordan, Freeman & Spogli also executed leveraged buyouts of several supermarket retailers including Bayless Southwest (Phoenix), Boys Markets (Los Angeles), P&C Foods (Syracuse, NY), Piggly Wiggly (various Southern states), and Tops Markets (New York and Pennsylvania). [1]

Riordan separated from the other two partners in 1988 when they decided to specialize in larger leveraged buyouts of more established companies. Riordan relinquished his general partner position in the firm to form a venture capital firm called Riordan, Lewis & Haden with J. Christopher Lewis and former Los Angeles Rams quarterback Pat Haden. [3] Following Riordan's departure, the firm was renamed Freeman Spogli & Co.

Investments

Among the firm's historical investments are the following:

See also

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References

  1. 1 2 3 4 Hiltzik, Michael (5 October 1987). "Riordan Freeman Proves a Standout in Buyout Arena". LA Times . Retrieved 19 December 2018.
  2. "Managing Principal". penningtonpc.com. Retrieved 2007-10-18.
  3. Groves, Martha (5 November 1988). "Riordan Leaves L.A. Buyout Firm He Co-Founded". LA Times . Retrieved 19 December 2018.
  4. Kaiser, Tom (2016-07-22). "Roark Sells Batteries Plus Bulbs as Retail Heats Up". FranchiseTimes.com. Retrieved 27 November 2018.
  5. John Hielscher Firm buys First Watch restaurant chain Archived 2012-07-22 at the Wayback Machine December 23, 2011 Tampa Herald Tribune

Notes