Partners Group
Partners Group AG (SIX: PGHN) is a Swiss global private equity firm with US$94 billion in assets under management in private equity, private infrastructure, private real estate and private debt.[1] The firm manages a broad range of funds, structured products and customized portfolios for an international clientele of institutional investors, private banks and other financial institutions. The firm has completed more than 240 private equity investments in portfolio companies. As of 2016, Partners Group is the second-most-valuable publicly-listed private markets firm in the world by market capitalization, after The Blackstone Group.[2]
Public | |
Traded as | (SIX: PGHN) |
ISIN | CH0024608827 |
Industry | Private equity, private debt, real estate, infrastructure |
Founded | 1996 |
Founder | Marcel Erni Urs Wietlisbach Alfred Gantner |
Headquarters | Baar, Switzerland |
Key people | André Frei (Co-CEO) David Layton (Co-CEO) |
Total assets | US$94 billion (January 2020) |
Number of employees | 1,300 (June 2019) |
Website | www |
History
Founded in 1996, the firm is headquartered in Zug, Switzerland with offices in Denver, New York, Houston, Toronto, São Paulo, London, Guernsey, Paris, Luxembourg, Milan, Munich, Dubai, Mumbai, Singapore, Manila, Shanghai, Seoul, Tokyo and Sydney. In 2019, the firm opened its 129,400-square-foot North American headquarters in Broomfield, Colorado.[3]
Partners Group is a joint stock company under Swiss law, listed on the Swiss Exchange since its 2006 initial public offering (minority floating).[4] Around 45% of the shares are held by all employees and partners.[5] The firm's founding partners are Alfred Gantner, Marcel Erni, Urs Wietlisbach and Stefan Degen. As of 2016, according to Forbes' annual billionaire's list, founders Gantner, Erni, and Wietlisbach are listed as three of the 25 wealthiest private equity managers in the world, each with net worths totaling $1.3 billion.[6]
As of 30 November 2011, Partners Group has been included in the MSCI Switzerland Index after having been included in mid-September in the Swiss Small & Mid Cap Index (SMIM Index) which tracks the 50 biggest listed companies in Switzerland.[7]
In January 2018, Royal Dutch Shell purchased the company’s 44% minority interest in solar energy firm Silicon Ranch for an estimated $200 million.[8]
As of 21 September 2020, Partners Group will be included in the Swiss Market Index. The blue-chip SMI is the most prominent stock index in Switzerland, comprising the 20 largest Swiss stocks.[9]
Controversies
In January 2020, freight rail operating company MidRail accused the private equity firm of soliciting the rail company’s business secrets to compete against it on a deal, in violation of a non-disclosure agreement previously signed and agreed to in 2017. The lawsuit was filed in New York State Supreme Court. According to the lawsuit, the company MidRail was forced to bid $100 million more for acquisition target Patriot Rail as a result of the breach in the confidentiality agreement.[10]
References
- "Partners Group reports total AuM of USD 94 billion as of 31 December 2019". www.partnersgroup.com. Retrieved 2020-05-29.
- Lietz, Nori Gerardo; Andrade, Ricardo (2016-09-30). "Partners Group: Ain't No Mountain High Enough". Cite journal requires
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(help) - www.bizjournals.com https://www.bizjournals.com/denver/news/2020/03/11/dbj-offices-partners-group.html. Retrieved 2020-06-01. Missing or empty
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(help) - Partners Group plans IPO on SWX Swiss Exchange Archived 2012-07-23 at Archive.today. AltAssets, 2006
- Archived 2012-06-02 at the Wayback Machine. Partners Group website
- Crowe, Portia. "The 25 richest people in private equity". Business Insider. Retrieved 2020-05-29.
- Partners Group included in the MSCI Switzerland Index Archived 2013-10-29 at the Wayback Machine
- "Shell takes big stake in Silicon Ranch". Nashville Post. Retrieved 2019-04-29.
- "Partners Group boots Adecco out of the SMI". Citywire Switzerland. Retrieved 2020-07-11.
- "Partners Group Sued Over Alleged Breach of Non-Disclosure Agreements". Institutional Investor. Retrieved 2020-03-13.
External links
- Partners Group (company website)
- Financial Times Profile
- PEI Awards: Carlyle and Partners Group win big. PEI Awards, 2013
- Silver Lake and Partners Group to Buy Global Blue for $1.25 Billion. NY Times, 2012
- Partners Group Holding Closes Partners Group European Mezzanine Debt Program Above its EUR 500 Million Target. Reuters, 2010
- Partners Group successfully closes secondary fund at hard cap of EUR 2.5 billion. Bloomberg, 2009
- Partners Group Secondary 2006 closes on €1bn. AltAssets, 2006
- Partners Group opens London office and launches joint HSBC fund of funds. AltAssets, 2005
- Swiss fund of funds Partners Group opens Singapore office and launches Asia fund. AltAssets, 2004
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