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Court Square Capital Partners has a significant presence in the private equity industry, with a robust AUM of over $5 billion. This substantial amount of capital allows the firm to invest in a wide range of companies across various sectors.
The firm's AUM has grown steadily over the years, with a notable increase in 2019. This growth is a testament to the firm's successful investment strategies and its ability to attract new investors.
Court Square Capital Partners has a proven track record of delivering strong returns to its investors, with a history of successful exits and investments.
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About Court Square Capital Partners
Court Square Capital Partners is a private equity firm that focuses on making leveraged buyout transactions. It was originally Citigroup's private equity firm, known as Citigroup Venture Capital Equity Partners.
In 2006, the firm spun out of Citigroup and got its name from Citigroup's location at One Court Square in Queens. Court Square specializes in business services, healthcare, industrials, and tech & telecom industries.
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They usually invest between $75 MM – $350 MM in equity in businesses with an enterprise value of $150 MM – $1.5 BB. The firm has a generalist approach but often prefers to invest in companies that are in transportation, technology, and telecommunications.
Court Square Capital Partners was co-founded by Joe Silvestri, Dave Thomas, and Mike Delaney when they led the spinoff of the firm from Citigroup in 2006.
The firm's most common sectors for investment are information technology (17%) and marketing (9%). It has invested in 29 US states and 4 different countries.
Some of Court Square Capital Partners' notable deals include Connatix, Dynata, and Drew Marine. The firm has made over 240 platform investments, with 17 acquisitions as per Crunchbase.
Investments and Portfolio
Court Square Capital Partners has made a significant number of investments, with a total of 240+ platform investments according to their website. They have also made 39 investments, with their latest investment being in Thrive as part of their Private Equity on January 14, 2025.
One of their notable deals is the acquisition of Auto Europe in December 2006, which was acquired from TowerBrook Capital Partners. They have also made acquisitions in the private equity space, such as the acquisition of Thrive in 2021.
Some of their notable exits include the acquisition of Advanced Diabetes Supply by Cardinal Health on November 11, 2024, and the merger of Connatix with JWP Connatix on October 9, 2024. They have a total of 39 portfolio exits, with Advanced Diabetes Supply being their latest exit.
Here are some of their notable investments and exits:
AUM
Court Square Capital Partners has $7.4 billion in assets under management as of March 31, 2023. This significant amount of assets indicates the firm's substantial presence in the investment industry.
Managing such a large amount of assets requires a strong team and robust systems. Court Square Capital Partners likely has a dedicated team working to optimize their investment strategies and ensure the growth of their assets.
Their assets under management have been steadily growing, and it's essential to keep up with the latest regulatory filings to stay informed about their current status.
Portfolio & Investments
Court Square Capital Partners has made a significant number of investments, with over 240 platform investments listed on their website.
Their investment criteria include a wide range of sectors, from Aerospace to Transportation, and target transaction types such as buyouts, divestitures, and growth capital.
The firm has invested in companies like Connatix, Dynata, and Drew Marine, among others.
Their notable deals include a merger with Connatix and an acquisition of Advanced Diabetes Supply.
Here's a breakdown of their investment activity:
Their assets under management (AUM) are substantial, with $7.4 billion as of March 31, 2023.
Court Square Capital Partners has acquired 58 companies, with their latest acquisition being PlayCore in November 2024.
Their investment size typically ranges from $75 million to $350 million, with an enterprise value of $150 million to $1.5 billion.
Customers
As we explore the investments and portfolio of various companies, let's take a closer look at their customers.
Court Square Capital Partners has a strategic partnership with Celerion, a company based in the United States. This partnership was announced on November 14, 2017.
Court Square Capital Partners also has a partnership with M2M Spectrum Networks, another US-based company, which was established on September 10, 2014.
The Riverside Company, a global private equity firm, caters to a wide range of industries including business services, consumer brands, and healthcare.
Excolere Equity Partners primarily focuses on the education and human capital management industries.
Here's a list of some of the notable partners and customers of these companies:
Investment Process
At Court Square Capital Partners, the investment process is designed to identify and capitalize on opportunities in the middle market. They focus on companies with strong management teams and a proven track record of success.
Their approach involves conducting thorough research and due diligence to gain a deep understanding of the target company's operations, financials, and growth potential. This includes analyzing financial statements, reviewing industry trends, and assessing the competitive landscape.
Court Square Capital Partners typically invests in companies with enterprise values between $100 million and $1 billion, and they aim to hold these investments for 5-7 years on average.
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Interview Process
The interview process at firms like Court Square Capital Partners can be lengthy and rigorous. You can expect 4-6 rounds of interviews, with junior professionals or the HR team leading the first few rounds and more senior staff handling the later rounds.
These rounds can take several weeks to complete, unless you're interviewing as part of an "on-campus" or "on-cycle" recruiting process. This means you'll have a chance to showcase your skills and fit for the role, as well as learn more about the firm's culture and values.
Some common questions you'll encounter during interviews include fit questions, technical/investing questions, and behavioral questions. The "Why this firm" question is a critical one, and it's essential to be prepared to answer it confidently.
Here's a breakdown of what you can expect during the interview process:
- 4-6 rounds of interviews
- Junior professionals or HR lead the first few rounds, while senior staff handle the later rounds
- Several weeks to complete the process, unless it's on-campus or on-cycle recruiting
Investment Criteria
The investment process involves carefully considering various criteria to ensure a successful transaction.
The investment firm has a clear focus on specific sectors, including Aerospace, Automotive, and Beverages.
Their sectors of interest are quite diverse, spanning multiple industries.
Here are the sectors in which they are interested:
- Aerospace
- Automotive
- Beverages
- Building Materials
- Business Services
- Chemicals
- Communications
- Consumer Products
- Consumer Services
- Defense
- Distribution
- Electrical Equipment
- Energy Services and Equipment
- Engineering
- Financial Services
- Food
- Furniture
- Healthcare Services
- Information Services
- Information Technology
- Internet Software and Services
- Leisure
- Life Science
- Machinery
- Manufacturing
- Marketing
- Media
- Medical Products
- Publishing
- Real Estate
- Semiconductors
- Software
- Technology Hardware
- Transportation
The investment firm is open to various transaction types, including Buyout (LBO, MBO, MBI) and Growth Capital.
They also consider Divestiture and Secondary Buyout transactions.
Their investment size typically ranges from $75 million to $350 million.
Enterprise value is another important consideration, typically ranging from $150 million to $1,500 million.
Performance and History
Court Square Capital Partners has a significant history, dating back to 1968 when the firm was founded, making it 57 years old. This long-standing presence in the industry is a testament to its stability and commitment to its mission.
The firm has invested over $4.5 billion in more than 150 transactions, which have returned $14 billion to date. This impressive track record speaks to the expertise and judgment of Court Square's investment professionals.
Court Square's headquarters is located in New York City, a hub for finance and business. The firm was spun out of Citigroup in 2006, and is named after the location of Citigroup's offices at One Court Square in Queens.
Return
Return is a crucial aspect of any investment firm's performance. Court Square Capital Partners has had a remarkable return on investment, with over $4.5 billion invested in more than 150 transactions.
Their investment professionals have been able to generate returns of $14 billion to date, a testament to the firm's expertise and strategy. This impressive return has likely contributed to the firm's success and reputation in the private equity industry.
Court Square's ability to generate such significant returns is a key factor in their success. They have been able to achieve this through a combination of skilled investment professionals and a well-executed investment strategy.
The firm's impressive returns have likely attracted investors and clients, helping to grow their assets under management to $8.2 billion.
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Fund History
Court Square Capital Partners has a history of managing funds, with 6 funds in total. The company's most recent fund is the Court Square Single-Asset Continuation Fund, which is set to close on November 25, 2024.
The company has been in the business for a long time, with its first fund, Court Square Capital Partners II, closing on July 13, 2007. This fund was followed by Court Square Capital Partners III, which closed on May 15, 2013.
Court Square Capital Partners IV is another notable fund, which closed on July 22, 2019. This fund had an amount of $XXM. The company also has an executive fund, Court Square Capital Partners (Executive) IV, which has 10 sources.
Here's a breakdown of the company's funds:
Frequently Asked Questions
When was Court Square founded?
Court Square was founded in 1979 as a New York-based private equity firm. It has since become a leading investor in mid-market companies across the US.
Sources
- https://growthequityinterviewguide.com/court-square-capital-partners
- https://mergr.com/investor/court-square-capital-partners
- https://www.cbinsights.com/investor/court-square-capital-partners
- https://en.wikipedia.org/wiki/Court_Square_Capital_Partners
- https://www.citybiz.co/article/329562/court-square-capital-partners-announces-leadership-transition-plan/
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