Lincolnshire Management
Encyclopedia
Lincolnshire Management is a private equity
firm focused on leveraged buyout
investments in middle-market companies across a range of industries.
The firm, which is based in New York City
, was founded in 1985 by Frank Wright and Steven Kumble
Prior to founding Lincolnshire, Wright had spent the previous 31 years at Manufacturers Hanover Trust Company, where he ran the special finance division, which handled financing for leveraged buyout
s in the early 1980s. After Wright's death in 1992, James Tozer was named president and chief executive and was succeeded in 1998 by T.J. Maloney. In 2005, Kumble left the firm to found Corinthian Capital.
Since The firm has raised approximately $1.7 billion and completed more than 55 investments since inception across four private equity fund
s. Lincolnshire did not raise its first institutional private equity fund until 1994 when it raised $120 million of commitments. In 2008, Lincolnshire completed fundraising for its fourth private equity fund with $835 million of investor commitments, in excess of its original target and nearly twice the size of its $433 million third fund in 2005.
Among the firm's most notable investments include Riddell
, Prince Sports
, and American Coach Lines
.
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
firm focused on leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
investments in middle-market companies across a range of industries.
The firm, which is based in New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
, was founded in 1985 by Frank Wright and Steven Kumble
Prior to founding Lincolnshire, Wright had spent the previous 31 years at Manufacturers Hanover Trust Company, where he ran the special finance division, which handled financing for leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
s in the early 1980s. After Wright's death in 1992, James Tozer was named president and chief executive and was succeeded in 1998 by T.J. Maloney. In 2005, Kumble left the firm to found Corinthian Capital.
Since The firm has raised approximately $1.7 billion and completed more than 55 investments since inception across four private equity fund
Private equity fund
A private equity fund is a collective investment scheme used for making investments in various equity securities according to one of the investment strategies associated with private equity....
s. Lincolnshire did not raise its first institutional private equity fund until 1994 when it raised $120 million of commitments. In 2008, Lincolnshire completed fundraising for its fourth private equity fund with $835 million of investor commitments, in excess of its original target and nearly twice the size of its $433 million third fund in 2005.
Among the firm's most notable investments include Riddell
Riddell
Riddell is an American company specializing in sports equipment for American football, baseball, basketball, lacrosse, soccer, softball, track and field, tennis, volleyball, National Football League, NCAA Football and wrestling. It is headquartered in Des Plaines, Illinois.The company was started...
, Prince Sports
Prince Sports
Prince Sports, Inc., based in Bordentown, New Jersey, is a manufacturer of equipment for racquet sports, primarily for tennis, badminton, and squash....
, and American Coach Lines
Coach America
Coach America, also doing business as American Coach Lines, is a holding company for American bus services owned by New York-based private equity firm Fenway Partners operating under the Coach America, American Coach Lines, and Gray Line names...
.
External links
- Lincolnshire Management (company website)