Madison Dearborn Partners (MDP) is a private equity firm specializing in leveraged buyouts of privately held or publicly traded companies, or divisions of larger companies; recapitalizations of family-owned or closely held companies; balance sheet restructurings; acquisition financings; and growth capital investments in mature companies.
[edit] History
Madison Dearborn Partners was founded in 1992 and is based in Chicago, Illinois. The founders of Madison Dearborn had previously made private equity investments for First Chicago Bank.[2]
Madison Dearborn's chairman, John Canning, Jr., is also a minority owner of the Milwaukee Brewers baseball team and submitted an ultimately unsuccessful bid to buy the Chicago Cubs[3] [4]
[edit] Investments
In 2007, the firm joined forces with Michael Eisner's Tornante investment company to buy out baseball card maker The Topps Company.[5]
Madison Dearborn completed leveraged buyout transactions for a number of publicly traded and other significant companies in 2006 and 2007 including:
[edit] Bell Canada
On June 30, 2007, Bell Canada Enterprises (BCE) announced that the company entered into a definitive agreement for BCE to be acquired pursuant to a plan of arrangement by an investor group led by Teachers Private Capital, the private investment arm of the Ontario Teachers' Pension Plan, Providence Equity Partners Inc. and Madison Dearborn Partners. The all-cash transaction is valued at C$51.7 billion (US$48.5 billion), including C$16.9 billion (US$15.9 billion) of debt, preferred equity and minority interests. The arrangement was approved on September 21, 2007 at a Special Meeting of shareholders by more than 97% of the votes cast by holders of common and preferred shares, voting as a single class.[10]
[edit] Investment funds
MDP invests through a series of private limited partnerships and its investors include a variety of pension funds, endowments and other institutional investors:
- 1993 - Madison Dearborn Capital Partners ($550 million)
- 1997 - Fund II ($925 million)
- 1999 - Fund III ($2.2 billion)
- 2000 - Fund IV ($4.1 billion)
- 2006 - Fund V ($6.5 billion)
- 2008 - Fund VI (TBD)
Source: Preqin [11][12]
[edit] References
[edit] External links
| Merchant banking private equity groups (current and prior) | | ABN Amro: AAC Capital Partners ●● Bank of America: BAML Capital Partners●● Barclays Capital: Barclays Private Equity ●● Bear Stearns:: Irving Place Capital (fka BSMB) ●● CIBC World Markets: Trimaran Capital Partners ●● Citigroup: Metalmark Capital, Court Square Capital Partners, CVC Capital Partners ●● Credit Suisse: DLJ Merchant Banking, Avista Capital Partners, Diamond Castle Holdings ●● Deutsche Bank: MidOcean Partners ●● First Chicago Bank (defunct): Madison Dearborn Partners, GTCR ●● Goldman Sachs: Goldman Sachs Capital Partners ●● JPMorgan Chase: CCMP Capital (fka JPMorgan Partners), One Equity Partners ●● Lazard: Lazard Alternative Investments ●● Lehman Brothers (defunct): Lehman Brothers Merchant Banking ●● Merrill Lynch: Merrill Lynch Global Private Equity ●● Morgan Stanley: Metalmark Capital, Morgan Stanley Capital Partners ●● UBS: UBS Capital, Affinity Equity Partners, Capvis, Lightyear Capital ●● Wachovia: Wachovia Capital Partners ●● William Blair & Company: Chicago Growth Partners, William Blair Capital Partners |  | | | List of investment banking private equity groups | |
