Trilantic Capital Partners
 | |
| Type | Private |
|---|---|
| Industry | Private equity |
| Predecessor(s) | Lehman Brothers Merchant Banking |
| Founded | 2009 |
| Headquarters | New York, New York, United States |
| Key people |
Charles Ayres, Chairman of Trilantic Executive Committee Vittorio Pignatti-Morano, Founding Partner and Chairman of Trilantic Europe |
| Products | Leveraged buyout, Growth capital |
| Total assets | $3.8 billion |
| Employees | 35+ |
| Parent | Lehman Brothers (prior) |
| Website | www.trilanticpartners.com |
History
Trilantic Capital Partners was founded in 2009 by former executives of Lehman Brothers. Lehman's was under bankruptcy protection, when it sold a $3.3 billion fund from 2007 under its Merchant Banking division to Charles Ayres, other Lehman executives, and Reinet Investments[1][2][3] for $20 million. The fund was reduced to $2.6 billion as part of the arrangement with investors, with about $780 million devoted to European investments.[4] It also received investments and funding from a holding company, Evercore, in early 2010.[5]
In July 2010, Trilantic Capital Partners sold a tuna canner, MW Brands, to Thai Union Frozen Products for $884 million.[6] That November, it purchased an Italian slot machine company, Gamenet SpA, and bought a minority stake in Grupo Leya, an educational publisher in Portugal.[7] In 2011, it partnered with Implus to buy a majority interest in AEA Investors.[8]
It acquired a 48.5 percent interest in the watch and accessories brand, Nixon, in early 2012.[9][10] Trilantic also acquired a Spanish telecoms company, Euskaltel, and sold a European restaurant company, Istanbul Doors.[11]
Investment strategy and services
Trilantic Capital Partners focuses on private mid-market companies. According to Investment Europe the firm is active in southern Europe, "where many private equity firms fear to tread." It has Advisory Boards that consult partners in identifying and evaluating potential acquisitions. After a purchase is made, a team works with each portfolio company on financial reporting, planning, management incentives and risk management practices. Trilantic typically looks for an exit from each acquisition within three-to-five years and does not participate in auctions.[11]
See also
- Lehman Brothers Venture Partners
- Reinet Investments
References
- ↑ "Lehman to Spin Off Part of Its Buyout Unit". New York Times. January 9, 2009. Retrieved November 22, 2013.
- ↑ Holman, Kelly (January 9, 2009). "Lehman Merchant Banking to Spin Out". M&A Magazine.
- ↑ "Lehman Brothers Merchant Banking Unit Spins out into Independent Firm" (Press release). Trilantic Capital Partners. April 10, 2009. Retrieved November 23, 2013.
- ↑ Willmer, Sabrina (January 4, 2013). "Former Lehman Brothers Team Seeking $2 Billion for New Fund". BusinessWeek. Retrieved November 22, 2013.
- ↑ "Update 2-Evercore Partners Picks up Stake in Trilantic Capital". Reuters. February 12, 2010. Retrieved November 22, 2013.
- ↑ Nicholson, Chris (July 28, 2010). "Thai Union to Buy MWB in $884 Million Deal". The New York Times. Retrieved August 15, 2013.
- ↑ Purkiss, Alan (November 30, 2010). "Trilantic Capital Will Invest in Italy, Portugal, FT Reports". Bloomberg.
- ↑ Hoyle, Amanda (November 1, 2011). "Trilantic Capital Partners buying Implus from AEA Investors". BizJournals. Retrieved November 22, 2013.
- ↑ Tan, Gillian (February 27, 2012). "Trilantic excited by Nixon growth". The Australian. Retrieved November 22, 2013.
- ↑ Merced, Michael (February 17, 2012). "Billabong Shares Crest After TPG Bids $824 Million". The New York Times.
- ↑ 11.0 11.1 Allen, Caroline (April 23, 2013). "Recovery period a good time for private equity returns, says Trilantic". Investment Europe. Retrieved November 22, 2013.
External links
- Trilantic Capital Partners (company website)
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