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词条 Willis Stein & Partners
释义

  1. History

  2. Investment funds

  3. External links

  4. References

{{Infobox company
| logo =
| name = Willis Stein & Partners
| type = Private Ownership
| founder = John Willis, Avy Stein
| founded = {{start date and age|1995}}
| location = Chicago, Illinois, United States
| industry = Private Equity
| products = Private equity funds, Leveraged buyouts
| assets = $3.0 billion[1]
| homepage = www.willisstein.com |
}}

Willis Stein & Partners is a private equity firm focused on leveraged buyout transactions for middle-market companies.

The firm's most notable investments have included Ziff Davis, Roundy's, Jays Foods, Lincoln Snacks Company and Petersen Publishing Company (publisher of Motor Trend).[2][3][4]

The firm is headquartered in Chicago and was founded in 1995.[5]

History

Prior to founding the firm John Willis and Avy Stein were executives of Continental Illinois Venture Corp. (CIVC), the private equity arm of Continental Illinois National Bank and Trust Company. When Continental Illinois was acquired in 1994 by Bank of America, John Willis and Avy Stein, who had run the group at Continental Illinois left to form Willis Stein & Partners. They were quickly able to raise over $300 million of investor commitments.[6]

Investment funds

{{refimprove section|date=December 2018}}

Since its inception in 1995, Willis Stein has raised three private equity funds with nearly $3.0 billion of investor commitments. As of 2007, the firm had announced the launch of a fourth fund. Due to mixed results in its 2000 vintage fund, Willis Stein waited nearly eight years before launching a new fund and when it did so the firm significantly decreased its target fund size relative to its last fund.[7]

  • Willis Stein & Partners (1995) - $343 million
  • Willis Stein & Partners II (1998) - $840 million
  • Willis Stein & Partners III (2000) - $1.8 billion
  • Willis Stein & Partners IV (Announced) - $1.0 billion target

Willis & Stein Partners are known for purchasing for profit educational institutions and consolidating resources for additional profit margins. Currently owning over 92 for profit educational with plans to close 22 locations due to low profits.

External links

  • Willis Stein & Partners (company website)
  • Willis Stein & Partners Agrees to Acquire Ziff-Davis Publishing for $780 Million - Company Business and Marketing
  • Willis Stein & Partners Exits National Veterinary Associates.

References

1. ^Capital raised since inception
2. ^{{cite web|url=http://fortune.com/2015/10/29/ziff-davis-vivek-shah/|title=How Ziff Davis survived the death of print|last=Griffith|first=Erin|date=29 October 2015|publisher=Fortune|access-date=18 December 2018}}
3. ^{{cite news |last1=Gallun|first1=Alby|title=Willis Stein picks up Roundy's|publisher=Crain's Chicago Business|date=April 10, 2002|url=http://www.chicagobusiness.com/article/20020410/NEWS01/20005074/willis-stein-picks-up-roundys|accessdate=December 19, 2017}}
4. ^{{cite web|url=https://www.bizjournals.com/milwaukee/stories/2007/10/29/story8.html|title=Jays Foods may shut down plant in Butler|last=Howe|first=Tom|date=29 October 2007|publisher=Milwaukee Business Journal|access-date=18 December 2018}}
5. ^{{cite web|url=https://www.chicagobusiness.com/article/20171031/CRED03/171039972/waterton-dealmaker-mark-stern-forms-new-real-estate-venture-with-avy-stein-eric-becker|title=New Chicago investment firm attracts $2 billion in assets|last=Marek|first=Lynne|date=11 June 2018|publisher=Crain's Chicago Business|access-date=18 December 2018}}
6. ^{{cite web|url=https://www.chicagotribune.com/news/ct-xpm-1996-06-28-9606280309-story.html|title=New Capital Investment Fund Up and Running|last=Gruber|first=William|date=28 June 1996|publisher=Chicago Tribune|access-date=18 December 2018}}
7. ^"Willis Stein Said to Target $1 Billion Fund." New York Times, March 26, 2008

{{private equity firms}}{{Nash Finch Company}}{{DEFAULTSORT:Willis Stein and Partners}}

3 : Private equity firms of the United States|Companies established in 1995|Companies based in Chicago

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