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MidOcean Partners

American private equity firm

Field	Value
logo	MidOcean_Partners_Logo.svg
name	MidOcean Partners
type	Private
founder	Ted Virtue
hq_location	Midtown Manhattan, New York City
founded
industry	Private Equity
area_served	Global
products	Private equity funds, Leveraged buyouts
assets	Over $11 billion
homepage

MidOcean Partners, based in Midtown Manhattan, New York City, is an alternative asset management firm that specializes in mid-sized private equity and alternative leveraged investments.

History

MidOcean Partners was formed in February 2003 when the managers of DB Capital Partners acquired Deutsche Bank's late stage private equity investments in the United States and Europe for €1.5 billion in one of the largest private equity secondary market transactions completed to date. Among the investors in the transaction were NIB Capital Private Equity (now AlpInvest Partners), HarbourVest Partners, Paul Capital Partners, Coller Capital, Ontario Teachers' Pension Plan and CPP Investment Board, Northwestern Mutual, The Yucaipa Companies and Presidential Life.

MidOcean also took over management of the liquidation of a €1 billion portfolio from a fund sponsored by Deutsche Bank.

In 2002, MidOcean acquired Jenny Craig, Inc.; it was sold it 2006 for $600 million, or 5 times the purchase price.

In 2003, MidOcean sold Jostens, a supplier of class rings and school yearbooks, to CSFB for nearly $500 million.

In January 2007, MidOcean acquired Sbarro for $450 million.

In 2013, MidOcean acquired Water Pik; it was sold in 2017.

In May 2016, MidOcean acquired Travelpro International and Holiday Group, a supplier of luggage, assorted bags, and travel accessories sold predominantly in the United States and Canada.

In September 2018, MidOcean Partners acquired Questex for an estimated $180 million.

In December 2018, MidOcean acquired HW Holdco and Meyers Research, part of Zonda Home.

In May 2021, MidOcean sold its majority stake in The Planet Group, acquired in 2018, to ProPharma Group, making 8.5 times its investment.

In November 2021, Hunter Point Capital acquired a minority stake in MidOcean.

In June 2022, MidOcean Partners acquired Pragmatic Institute, a product management training company.

In November 2024, MidOcean acquired Arnott Industries, a designer, developer, manufacturer and distributor of air suspension systems and suspension components for the automotive aftermarket.

In April 2025, MidOcean acquired a majority stake in GSTV, a national video platform at fuel retailers.

References

Wursthorn, Michael. (December 3, 2013). "Credit Suisse Gets Federal Nod to Sell DLJ Merchant Banking to Coller". [[The Wall Street Journal]].
Marco. (February 21, 2003). "Deutsche Bank: asset sale". [[Coller Capital]].
Zuckerman, Gregory. (May 11, 2004). "Deutsche Bank's Lack of Patience Becomes Virtue's Gain". [[The Wall Street Journal]].
(January 15, 2013). "MidOcean to manage Morgan Grenfell assets". Infrastructure Investor.
(June 20, 2006). "Jenny Craig Brings 5 Times Its Price in '02". [[The New York Times]].
Meikle, Brad. (July 7, 2003). "Investcorp Sells Jostens To CSFB For $1.1B". Buyouts.
(March 24, 2011). "BUYOUTS-MidOcean struggles with Sbarro restaurant chain". [[Reuters]].
Kang, Jaewon. (July 17, 2017). "MidOcean to Reap Five-Times Return With Sale of Water Pik". [[The Wall Street Journal]].
(May 23, 2016). "MidOcean Partners Announces Acquisition of Travelpro Group Luggage Industry Leader". [[PR Newswire]].
(September 12, 2018). "Shamrock Capital Advisors Sells Questex". [[Los Angeles Business Journal]].
(September 12, 2018). "MidOcean Acquires Business Information and Events Company Questex". [[The Wall Street Journal]].
(December 12, 2018). "MidOcean Buys and Merges Construction-Information Companies". [[The Wall Street Journal]].
(May 27, 2021). "MidOcean Partners Sells Majority Stake in The Planet Group". [[Business Wire]].
Fest, Glen. (November 1, 2021). "Hunter Point Capital makes minority investment in MidOcean". [[S&P Global]].
(November 1, 2021). "Bennett Goodman Strikes Deal for Stake in $10 Billion MidOcean". [[Bloomberg Law]].
(November 1, 2021). "Hunter Point Capital Takes a Stake in MidOcean Partners". [[Sovereign Wealth Fund Institute]].
Gifford, Jeff. (July 13, 2022). "NY private equity firm acquires Scottsdale corporate training provider Pragmatic Institute". [[American City Business Journals]].
(July 12, 2022). "MidOcean Acquires Professional Training Provider". Middle Market Growth.
(July 28, 2022). "Pragmatic Institute Has Been Acquired by MidOcean Partners". [[William Blair & Company]].
(Nov 18, 2024). "MidOcean Partners Acquires Arnott Industries, a Leading Suspension Products Platform for the Auto Aftermarket". [[Business Wire]].
(April 21, 2025). "Rockbridge Growth Equity Sells GSTV to MidOcean Partners". [[PR Newswire]].

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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