Kohlberg & Company

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This article is about the middle-market private equity firm founded in 1987 by Jerome Kohlberg. For the large buyout firm founded in 1976, see Kohlberg Kravis Roberts.
Kohlberg & Company
TypeLimited liability company
IndustryPrivate equity
Founded1987; 35 years ago (1987)
HeadquartersMount Kisco, New York, United States
ProductsInvestments, private equity funds
Websitewww.kohlberg.com

Kohlberg & Company is a private equity firm that invests in North American middle market leveraged buyout transactions. Founded by investor Jerome Kohlberg, Jr., the Firm invests in companies where it can work in partnership with senior management to identify growth opportunities and implement fundamental operating and strategic changes, resulting in substantial increases in revenue and cash flow. Kohlberg & Company’s use of moderate amounts of debt financing in acquiring companies affords the financial flexibility necessary to attain these corporate objectives. The Firm has been the lead investor and controlling shareholder in all of its fund investments.

History[]

The firm was founded in 1987,[1] when American businessman and investor Jerome Kohlberg Jr. resigned from Kohlberg Kravis Roberts & Co. over differences in strategy. Kohlberg did not favor the larger buyouts, including Beatrice Companies in 1985 and Safeway in 1986, highly leveraged transactions or hostile takeovers being pursued increasingly by KKR.[2][3] Instead, Kohlberg chose to return to his roots, acquiring smaller, middle-market companies, and in 1987 he formed Kohlberg & Company along with his son James, who at that time was a KKR executive. Their intent was to concentrate on transactions that could generate returns through revenue growth and operating improvements using only moderate leverage.[2] Jerome Kohlberg retired from Kohlberg & Company in 1994.[4]

Kohlberg & Company is headquartered in Mount Kisco, New York.

Funds[]

As of 2020, Kohlberg & Company has raised nine private equity funds since its inception, with approximately $10 billion of investor commitments.

See also[]

References[]

  1. ^ "Kohlberg & Co closes Fund VIII at $2.2bn hard cap". AltAssets. 20 December 2016. Retrieved 2016-12-20.
  2. ^ a b Sterngold, James (1987-06-19). "BUYOUT PIONEER QUITTING FRAY". New York Times. Retrieved 2020-06-13.
  3. ^ Bartlett, Sarah (1989-08-30). "Kohlberg In Dispute Over Firm". New York Times. Retrieved 2020-06-13.
  4. ^ Antilla, Susan (1994-04-24). "Wall Street; A Scion of the L.B.O. Reflects". New York Times. Retrieved 2020-06-13.

External links[]

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