🠈 DLJ Merchant Banking Partners 🠊
DLJ Merchant Banking Partners
DLJ Merchant Banking Partners was a New York based merchant bank that engaged in leveraged buyouts. The company was purchased by Credit Suisse. Swiss banks had strict privacy policies and Wall Street firms had a history of trying to hide profits in Switzerland until the international community started to crack down on tax evasion.
Credit Suisse spun out pieces of DLJ. The company Diamond Castle Holdings departed in 2004. Their web site dchold.com claims they have $2 billion in assets, but it does not list its portfolio, nor does it report news.
The spun out firms do not appear to have the clout of the original firm. So, I will clump both the originating company and spun out companies together.
From what I understand, aPriori Capital gained the bulk of the portfolio when it spun out in 2014. Interestingly, the site only lists transactions after the Credit Suisse acquisition and lists only three active investments.
Corporate History
This section includes corporate transactions that I encounter in my research. Due to the changes in ownership, information about the firm is not as readily available as with companies that were not split apart.
- 1959: William H. Donaldson, Richard Jenrette and Dan Lufkin formed Donaldson, Lufkin & Jenrette..
- 1994: DLJMBP acquired 70% of the Denver based health care provider Medical Ambulatory Care, Inc. (which is now called DaVita) in a leveraged buyout for $75.5 million.
- 1997: DLJ changed the name of its online brokerage from Personal Computer Financial Network (PCFN) to DLJDirect.
- 1999: DLJ spun off DLJDirect.
- 2000: Credit Suisse acquired DLJ for $11.5 billion.
- 2000-2011: DLJ invested in NextPharma Technologies, S.A.
- 2000-2004: DLJ invested in Shoppers Drug Mart Limited
- 2001-2003: DLJ invested in Gala Group Ltd
- 2001-2015: DLJ invested in Basic Energy Services, Inc
- 2001-2004: DLJ invested in Noveon International, Inc.
- 2002-2007: DLJ invested in Safilo Group S.p.A.
- 2002-2011: DLJ invested in Nycomed S.C.A. SICAR
- 2003-2015: DLJ invested in Visant Corporation
- 2004-2017: DLJ invested in Zucamor SA
- 2004-2007: DLJ invested in Laramie Energy, a Denver based petroleum development firm. Laramie sold the first development in 2007.
- 2004-2015: DLJ invested in EverBank
- 2004-2010: DLJ invested in Enduring Resources I, LLC
- 2004-2014: DLJ invested in Grohe AG
- 2004-2011: DLJ invested in Rockwood Holdings, Inc.
- 2005-2013: DLJ invested in The Neiman Marcus Group
- 2005-2015: DLJ invested in Integro Insurance Brokers
- 2005-present: DLJ invested in NIBC
- 2006-2018: DLJ invested in Peachtree Settlement Funding
- 2006-2017: DLJ invested in Luxury Optical Holdings Company
- 2006-2019: DLJ invested in HealthMarkets, Inc.
- 2006-2012: DLJ invested in Fougera Pharmaceuticals Inc.*
- 2006-2011: DLJ invested in Total Safety U.S., Inc.
- 2007-2015: DLJ invested in Deffenbaugh Industries, Inc.
- 2007-2014: DLJ invested in Nuveen Investments, Inc.
- 2007-2014: DLJ invested in STR Holdings, Inc.
- 2008-2018: DLJ invested in The Service Companies, Inc.
- 2008-2013: DLJ invested in Inspiring Learning
- 2008-present: DLJ invested in Guala Closures SPA
- 2011-2014: DLJ invested in Enduring Resources II
- 2012: DLJ invested in a second development by Laramie Energy in the Piceance Basin in Western Colorado.
- 2014: aPrior spun out of Credit Suisse. (PR Newswire)
References:
- Wikipedia - aPriori Capital Partners (Drawn 10/1/2019)
Directory Listings:
- Internet Rivers - Private Equity Firms: aPriori Capital Partners