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词条 Littlejohn & Co.
释义

  1. History

  2. Funds raised

  3. Portfolio companies

  4. References

  5. External links

{{Infobox company |
  logo   = Littlejohn Logo.png |  name   = Littlejohn & Co.|  type   = Private Ownership |  founder        = Angus C. Littlejohn Jr.
Michael I. Klein | founded = {{start date and age|1987}} | location = Greenwich, Connecticut, United States | industry = Private Equity | products = Private equity funds, Leveraged buyouts, Distressed securities | assets = $4.9 billion[1] | homepage = www.littlejohnllc.com |

}}

Littlejohn & Co. is a private equity firm focused on leveraged buyout transactions, leveraged recapitalizations of middle-market companies and distressed securities. The firm focuses on companies requiring an operational turnaround particularly in a variety of industrial and service sectors.

The firm is based in Greenwich, Connecticut and was founded in 1996 by Angus C. Littlejohn Jr.

History

In 1996, Angus Littlejohn resigned from Joseph Littlejohn & Levy (today known as JLL Partners) to form a new private investment firm with Michael Klein, Littlejohn & Co. JLL underwent significant turnover as the following year co-founder Peter Joseph also left the firm.[2]

Littlejohn traces its roots back to Gilliam Joseph & Littlejohn, a merchant bank founded in 1987 by Angus C. Littlejohn Jr., along with William J. Gilliam and Peter A. Joseph. Littlejohn had previously worked with his two co-founders the Quadrex Corporation, a small New York brokerage firm. In 1988, Paul S. Levy, formerly a managing director, at Drexel Burnham Lambert, focusing on corporate restructurings and exchange offers was recruited to join the firm, which was renamed Gilliam Joseph Littlejohn & Levy and later Joseph Littlejohn & Levy, when Gilliam was forced to leave the partnership in 1989.[3]

In July 2014, Littlejohn & Co held a final close for its fifth fund on its hard cap of $2 billion.[4]

Funds raised

Since its founding, Littlejohn has raised five main private equity funds, as well as an annex fund and a distressed securities fund, with investor commitments totaling $7.8 billion:

  • 1997 — Littlejohn Fund I ($200 million)
  • 1999 — Littlejohn Fund II ($530 million)
  • 2005 — Littlejohn Fund III ($650 million)
  • 2007 — Littlejohn Fund III add-on ($200 million)
  • 2010 — Littlejohn Fund IV ($1.34 billion)
  • 2014 — Littlejohn Fund V ($2.0 billion)
  • 2018 — Littlejohn Fund VI ($2.84 billion)

Portfolio companies

The following is a selected list of notable companies in which Littlejohn has invested:

  • Durakon Industries[5]
  • Foodbrands America Inc.
  • Polymer Corporation[6]
  • PSC Inc.[7]
  • Van Houtte[8]
  • Wyle Laboratories[9]

References

1. ^Funds raised since inception, including annex funds and distressed debt fund raised in 2007
2. ^{{cite web|title=Stocks|url=http://investing.businessweek.com/research/stocks/private/person.asp?personId=714184&privcapId=21521|website=Bloomberg.com|accessdate=23 September 2016}}
3. ^{{cite news |agency =New York Times|author=Alison Leigh Cowan | url=https://query.nytimes.com/gst/fullpage.html?res=950DE7D81338F931A15752C0A96F948260| title=Divorce, Wall Street Style| date=January 22, 1989}}
4. ^{{cite web|title=Exclusive: Littlejohn closes Fund V on $2 bln hard cap - PE Hub|url=https://www.pehub.com/2014/07/littlejohn-closes-fund-v-on-2-bln-hard-cap/|publisher=www.pehub.com|accessdate=23 September 2016|date=9 July 2014}}
5. ^[https://query.nytimes.com/gst/fullpage.html?res=9F07E3DE123BF93AA25755C0A96F958260 DURAKON, MAKER OF TRUCK-BED LINERS, TO BE ACQUIRED], June 19, 1999
6. ^Littlejohn to Buy Intertape Polymer, May 2, 2007.
7. ^PSC Reaches Restructuring Agreement With Littlejohn & Co., LLC; Affiliates of Littlejohn Acquire all Outstanding Debt. Business Wire, Nov 22, 2002
8. ^[https://www.thestar.com/Business/article/211411 Private equity firm buying Van Houtte: Connecticut-based Littlejohn & Co. plans privatization], By LuAnn LaSalle of Canadian Press, The Toronto Star, May 8, 2007, retrieved on May 23, 2007
9. ^"[https://www.reuters.com/article/pressRelease/idUS196016+18-Jan-2008+PRN20080118 Littlejohn & Co. Portfolio Company Wyle Announces Acquisition of RS Information Systems]." Reuters, Jan 18, 2008

External links

  • Littlejohn & Co. (company website)
{{private equity firms}}{{DEFAULTSORT:Littlejohn and Co.}}

3 : Private equity firms of the United States|Companies established in 1987|Companies based in Fairfield County, Connecticut

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