MidOcean Partners is a

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based alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments. The firm, founded in February 2003, is based in

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. MidOcean was originally formed by the managers of DB Capital Partners to acquire

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's late stage

private equity Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the co ...

investments in the United States and Europe in one of the largest private equity secondary transactions completed to date.

History

MidOcean Partners was formed through a management spinout transaction. A group of investors provided capital to the managers of DB Capital Partners, led by MidOcean

CEO A chief executive officer (CEO), also known as a chief executive or managing director, is the top-ranking corporate officer charged with the management of an organization, usually a company or a nonprofit organization. CEOs find roles in variou ...

Ted Virtue, to acquire the portfolio of private equity investments they had managed at

. In addition to the €1.5 billion DB portfolio, MidOcean took over a €1 billion portfolio from a subsidiary of DB. Among the investors in the transaction were NIB Capital Private Equity (today

AlpInvest Partners AlpInvest Partners is a global private equity asset manager with over $85 billion of assets under management as of December 31, 2024. The firm invests on behalf of more than 500 institutional investors from North America, Asia, Europe, South Amer ...

HarbourVest Partners HarbourVest Partners, LLC is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also ...

, Paul Capital Partners,

Coller Capital Coller Capital is one of the largest global investors in the private equity secondary market ("secondaries"). It was founded in 1990 by the UK-based investor and philanthropist Jeremy Coller. History Coller Capital completed its first notabl ...

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and

CPP Investment Board The Canada Pension Plan Investment Board (CPPIB; ), operating as CPP Investments (), is a Canadian Crown corporation established by way of the 1997 ''Canada Pension Plan Investment Board Act'' to oversee and invest the funds contributed to and h ...

, with investments from

Northwestern Mutual Northwestern Mutual is an American financial services mutual organization headquartered in Milwaukee, Wisconsin. The financial security company provides consultation on wealth and asset income protection, education planning, retirement planning ...

, The

Yucaipa Companies The Yucaipa Companies, LLC is an American private equity firm founded in 1986 by Ronald Burkle. It specializes in a private equity and venture capital, with a focus on middle-market companies, growth capital, industry consolidation, leveraged ...

and Presidential Life. The management spinout of MidOcean, at the time valued at €1.5 billion (over $1.8 billion) was then and is still one of the largest transactions completed in the

private equity secondary market In finance, the Private Equity Secondary Market (also often called Private Equity Secondaries or Secondaries) refers to the buying and selling of pre-existing investor commitments to private equity and other alternative investment funds or the un ...

. In 2003, MidOcean sold the

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and school yearbook supplier Jostens for nearly $500 million to CSFB. In 2009, MidOcean Partners formed MidOcean Credit Opportunity LP. In December 2018, MidOcean acquired HW Holdco and Meyers Research. In May 2021, MidOcean sold their majority stake in The Planet Group to ProPharma Group. In November that same year, Hunter Point Capital bought a minority stake in MidOcean. In June 2022, MidOcean Partners acquired Pragmatic Institute, a product management training company.

References

Former Deutsche Buyout Arm Raised $1 billion for New Fund
"

New York Times ''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...

, July 19, 2006
MidOcean Partners to Raise $1 billion fund
, eFinancial News, January 9, 2006
Goldman Sachs, CPPIB Lead $925M Secondary Buy
"Buyouts, April 17, 2006

, PR Newswire, May 23, 2016
Secondaries grow in stature

External links

MidOcean Partners
(company website) {{DEFAULTSORT:Midocean Partners Private equity firms of the United States Private equity secondary market Financial services companies established in 2003 DB Group Companies based in Manhattan Hedge fund firms in New York City 2003 establishments in New York City