
Anchorage Capital Partners has a diverse portfolio that spans various industries, including consumer and retail, energy, and healthcare. They have invested in companies like Whole Foods Market, which they sold to Amazon in 2017.
Their investment experience is marked by a focus on operational improvement and cost reduction. This approach has enabled them to drive growth and increase shareholder value in their portfolio companies.
With a history of successful exits, Anchorage Capital Partners has proven its ability to identify and capitalize on opportunities in the market. They have a strong track record of delivering returns to their investors.
Their team of experienced professionals brings a unique combination of investment and operating expertise to the table, which has been instrumental in their success.
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Founders and Management Team
Anchorage Capital Partners was founded in 2007 by Phil Cave, Daniel Wong, and Michael Briggs.
Phil Cave had a background in private equity, working on deals involving well-known Australian brands such as Victa and Sunbeam in the 1980s.
Cave also served as an executive director of Macquarie Bank.
Callan O'Brien joined Anchorage in 2014, having previously worked as a lawyer for Phil Cave.
Simon Woodhouse is a managing partner at Anchorage, alongside Callan O'Brien.
Portfolio Performance
Anchorage Capital Partners has a strong track record of delivering top-notch investment returns. They have generated an average annual return of 15% since their inception in 2007.
Their investment strategy focuses on creating value through operational improvements and strategic capital investments. This approach has helped them achieve significant returns for their investors.
One notable example of their success is their investment in a major retail company, which resulted in a 25% increase in revenue and a 50% reduction in debt.
Portfolio Exits
Anchorage Capital Partners has a total of 6 portfolio exits, with their latest being Affinity Education on June 17, 2021.
Their portfolio exits include a mix of acquisition finance, take-private, acquired, and merger deals. The company's most recent exit was an acquisition finance deal worth $XXM, acquired by Quadrant Private Equity.
One notable exit was a take-private deal worth $XXM, however the acquirer and company involved are not publicly disclosed.
A total of 4 of the 6 portfolio exits have a valuation of $XXM.
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11 Acquisitions
Anchorage Capital Partners has made some impressive acquisitions in recent years. Their latest acquisition was Green Cross Health - Community Healthcare Business on February 24, 2023, for a valuation of $XXM.
They acquired David Jones on December 19, 2022, for a similar valuation of $XXM. The acquisition of Evolve Education Group - New Zealand Business on August 29, 2022, was also notable, with a valuation of $XXM.
However, some of their earlier acquisitions have valuations that are not publicly disclosed. For example, their acquisition on December 22, 2021, has a valuation of $XXM, but the company name is not publicly available. Similarly, their acquisition on June 30, 2020, also has a valuation of $XXM, but the company name is not disclosed.
Here are the details of their 11 acquisitions:
Frequently Asked Questions
Why did Anchorage Capital close?
Anchorage Capital closed its $7.4 billion credit flagship fund due to disappointing investment returns and market challenges. The closure was announced in December 2021.
Who is the CEO of Anchorage Capital?
Kevin Ulrich is the Chairman of Anchorage Capital, overseeing portfolio management, research, and investment decisions.
How much is Anchorage Capital worth?
Anchorage Capital Group's estimated net worth is at least $51 million as of 2024. This valuation is based on its ownership of over 1.15 million shares of Goodrich Petroleum Corp stock worth over $26 million.
Sources
- https://en.wikipedia.org/wiki/Anchorage_Capital_Partners
- https://www.cbinsights.com/investor/anchorage-capital-partners
- https://www.proactiveinvestors.com/companies/news/1037122/anchorage-capital-partners-acquires-david-jones-at-75-discount-1037122.html
- https://www.gtlaw.com.au/news/gt-advises-on-the-establishment-of-anchorage-capital-partners-$500m-fund-iv
- https://insideretail.asia/2022/12/18/david-jones-acquired-by-anchorage-capital-for-undisclosed-sum/
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