golden gate capital
SEATTLE, December 29, 2004 ‘ An investment group consisting of Francisco Partners, Golden Gate Capital and Thoma Cressey Equity Partners today announced that it has completed the acquisition of WRQ, Inc., a developer of software for accessing and integrating legacy applications. [1]
Golden Gate Capital Partners is a private equity firm based in San Francisco, California. [2]
Columbus, OH-based Limited Brands announced a definitive agreement to sell a 67% interest in its Express brand to affiliates of Golden Gate Capital for $548 million. [3]
Golden Gate Capital seeks to partner with management teams to pursue change-intensive opportunities spanning a wide variety of industries, transaction types, and investment strategies. [4]
Although the company has yet to announce specific plans for the proceeds of sale, Limited will likely use the funds from these transactions to help fund further growth among its recently more profitable brands. [3]
The firm makes investments primarily in mature technology companies, as well as other select industries, through leveraged buyout transactions as well as significant minority purchases and growth capital investments. [...] The firm was founded in 2000, by former investment professionals from private equity firm, Bain Capital as well as business consultants from its affiliate Bain & Company. [2]
Our investment in the company provides continued opportunities for its growth and market leadership,” said David Golob, partner at Francisco Partners. [1]
Golden Gate’s most recent transaction was the buyout of Fast Cash’s check cashing stores, creating a 90-store chain with the combination of partner California Check Cashing Stores. [3]
Golden Gate currently has over $9 billion in assets under management (AUM) and has approximately 25 investment professionals. [2]
USS is a leading supplier of high quality silica sand and aplite for the oil and gas (frac), glass, foundry, chemical, recreational and construction industries, ground silica for the textile fiberglass and other industries and fine ground silica and kaolin clay products for the paint, plastic and ceramic industries. [...] The company combines over a century of market leadership and stability in its core industrial sand end-markets, with exciting growth prospects in new segments,’ said Prescott Ashe, Managing Director of Golden Gate Capital. [5]
Golden Gate Capital has been an active investor in the consumer sector, and is actively pursuing transactions in consumer products, specialty retail, direct marketing, and restaurants. [4]
Francisco Partners targets majority and minority investments in private companies, public companies, and divisions of public companies, with transaction values ranging from $30 million to $2.0 billion. [1]
‘Importantly, this transaction represents one of the few private equity deals to be completed during the fourth quarter and reflects the flexible, long-term nature of our evergreen fund, which gives us the unique ability to invest up and down the capital structure and to continue to actively invest even when access to the capital markets remain challenged,’ added Ashe. [5]
Sources:
[1] Francisco Partners, Golden Gate Capital and Thoma Cressey Equity …
[2] Golden Gate Capital Partners - Wikipedia, the free encyclopedia
[3] Limited Selling Express Brand to Golden Gate Capital for $548M - CoStar …
[4] Golden Gate Capital>Our Portfolio
[5] Golden Gate Capital Announces Acquisition of U.S. Silica: Financial …