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17-458: Since 1980, GTCR has reportedly invested more than $ 15 billion in over 200 companies. As of 2021, the firm has more than 80 employees, including over 40 investment professionals. The company was founded in 1980 as Golder Thoma & Co. by Stanley Golder , Carl Thoma, and Bryan Cressey. In the 1970s, Golder built the private equity program at First Chicago Corp. where he is noted primarily for backing Federal Express and for efforts as chairman of

34-607: A minority owner of the Milwaukee Brewers baseball team and submitted an ultimately unsuccessful bid to buy the Chicago Cubs In 1998, the firm bought Reiman Publications , based in Greendale, Wisconsin , from Roy Reiman for $ 640 million. In 2002, the firm sold Reiman Publications to Reader's Digest Association . Between 2006 and 2007, Madison Dearborn completed leveraged buyout transactions for

51-416: A number of publicly traded companies, including Asurion , CDW , LA Fitness , Nuveen investments , Sorenson Communications, Univision Communications , VWR International and Yankee Candle . In 2007, the firm joined with Michael Eisner 's Tornante investment company to buy out baseball card maker The Topps Company . In 2014, a plan for MDP to sell Nuveen to TIAA-CREF for $ 6.25 billion

68-424: A series of private limited partnerships and its investors include a variety of pension funds (e.g., Washington State Investment Board, Pennsylvania State Employee's Retirement System) endowments and other institutional investors . Following its separation from Thoma Cressey (discussed above), GTCR has raised seven private equity funds totaling $ 20 billion in limited partner commitments: In August 2023, it

85-740: Is noted primarily for backing Federal Express and for efforts as chairman of the National Venture Capital Association and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity. In 1980 he left First Chicago to found " Golder, Thoma & Cressey " private equity investment company, later known as GTCR , from which he retired as partner in 1993, but remained consultant. Golder Thoma received much of its initial funding from William M. Blair and upon leaving First Chicago, Golder

102-540: The Ontario Teachers' Pension Plan agreed to acquire Bell Canada Enterprises (BCE) in what would have been one of the largest leveraged buyouts in history. The transaction was valued at C$ 51.7billion (US$ 48.5 billion) and was approved on September 21, 2007 by more than 97% shareholder votes cast by holders of common and preferred shares. Bondholders argued in the Superior Court of Quebec that

119-481: The University of Illinois at Urbana-Champaign , from which he graduated ( B.S. , 1951). His early jobs were with First National Bank of Chicago and its affiliates, promoted up to executive vice president. In early 1970s he was made president of First Capital Corporation of Chicago and First Chicago Investment Corporation. In the 1970s, Golder built the private equity program at First Chicago Corp. where he

136-487: The National Venture Capital Association and the National Association of Small Business Investment Companies to change federal laws allowing pensions to invest in private equity. Golder Thoma & Cressey received much of its initial funding from William M. Blair and upon leaving First Chicago, Golder was replaced by John A. Canning, Jr. who would go on to found rival Chicago private equity firm Madison Dearborn . The firm became Golder Thoma & Cressey in 1984, and with

153-797: The UIUC to endow the Stanley C. and Joan J. Golder Distinguished Chair in Corporate Finance. Stanley Golder died of cancer at Evanston Hospital . Madison Dearborn Madison Dearborn Partners ( MDP ) is an American 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. MDP operates using an industry-focused investment approach and focuses on

170-461: The commercial security, fire and life safety business unit of ADT Inc. for $ 1.6 billion. In December 2023, GTCR acquired Cloudbreak Health from UpHealth for $ 180 million. Stanley Golder Stanley C. Golder (February 16, 1929 – January 5, 2000) was an American financier and venture capitalist . He is the namesake of the Stanley C. Golder Center for the Study of Private Equity at

187-598: The deal did not protect their interests. While the court rejected the bondholder's arguments, the Quebec Court of Appeal sided with those opposed to the deal. In 2008, the Supreme Court of Canada overruled the Court of Appeal, allowing the deal to move forward. In December 2008, the deal collapsed after auditing firm KPMG determined that the transaction would create an insolvent entity. MDP invests through

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204-406: The following sectors: basic industries, business and government software and services, financial & transaction services, health care, and TMT services. Since the founders established MDP as an independent firm in 1992, the firm has raised seven funds with aggregate capital of approximately $ 23 billion, and has completed investments in more than 130 companies. Madison Dearborn Partners

221-451: The promotion of Bruce Rauner to partner the firm would come to be known as Golder, Thoma, Cressey, Rauner, Inc. (GTCR), although it would still often be referred to as Golder Thoma. In 1998, disagreements between the senior partners led Golder, Thoma, Cressey, Rauner, Inc. split into two private equity firms. Both firms continue to invest primarily through consolidations of specific industries, referred to as roll-ups : GTCR invests through

238-532: Was announced GTCR had acquired the Basingstoke and Paris -headquartered compliance and supply chain management software platform, Once For All, from Warburg Pincus for an undisclosed amount. In September 2023, it was announced GTCR had acquired the Fairfield, Connecticut -based foundation software provider for private foundations and charitable advisors, Foundation Source. In October 2023, GTCR acquired

255-486: Was announced. While the Wall Street Journal cited an anonymous source close to the transaction to the effect that MDP "will have broken even on the transaction", Felix Salmon queried that assertion at Reuters. Dan Primack at Fortune then published additional information about auxiliary benefits to MDP to buttress the break-even claim. In June 2007, Madison Dearborn, Providence Equity Partners and

272-459: Was founded in 1992 and is based in Chicago, Illinois. The founders, John A Canning Jr, Paul J. Finnegan , Samuel M. Mencoff, and Nicholas W. Alexos, had previously made private equity investments for First Chicago Bank . The north-east corner of First Chicago's then-headquarters was at the intersection of Madison and Dearborn Streets. Madison Dearborn's chairman, John Canning, Jr. , is also

289-694: Was replaced by John A. Canning Jr. who would go on to found rival Chicago private equity firm Madison Dearborn . Stanley Golder was married to Joan Jacobi Golder. He was president of the Chicago chapter of the American Jewish Committee In 1994 the Golders received the Human Rights Medallion from the American Jewish Committee. Among Golders' charitable deeds was a $ 1.5 million gift to

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