| Type | Private |
|---|---|
| Industry | Private Equity |
| Founded | 1994 |
| Founder(s) | Richard Dresdale, Peter Lamm |
| Headquarters | New York, New York, United States |
| Products | Leveraged buyout, Growth capital |
| Total assets | $2.1 billion[1] |
| Employees | 25+ |
| Website | www.fenwaypartners.com |
Fenway Partners is a private equity firm that makes leveraged buyout and growth capital investments in transportation, logistics, consumer products and manufacturing companies in the middle market.
The firm was founded in 1994 by Richard Dresdale (formerly Clayton, Dubilier & Rice) and Peter Lamm (formerly Butler Capital Partners) and has over $2 billion of capital under management. Since inception, the firm has raised three private equity funds. Fenway's first fund, closed on approximately $525 million of capital commitments in 1996 and just two years later, in 1998, the firm raised an additional $900 million of capital. As a result of several investments made in the 1998 fund, prior to the collapse of the dot-com bubble, performance in that fund was affected. Nevertheless, the firm was able to raise a successor fund in 2006 and 2007 with approximately $700 million of commitments from institutional investors.
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Among the firms most notable investments are Targus[2], 1-800 Contacts[3], Coach America[4] and Easton-Bell Sports[5], which it merged with its prior investment in sporting goods manufacturer Riddell (maker of football helmets).[6]
Among the firm's most notable realized investments are high-end jewelry retailer Harry Winston[7][8] and the Simmons Bedding Company[9][10].
The firm was named loosely in reference to Fenway Park, but the firm is based in New York City and has no connections with the Boston Red Sox or Fenway park.
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