Diamond Castle Holdings Private Equity Firm Profile

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Diamond Castle Holdings is a private equity firm that focuses on investing in and growing mid-market companies. They target companies with $20 million to $200 million in revenue.

Their investment strategy involves partnering with experienced management teams to drive growth and create value. This approach has led to successful exits and strong returns for investors.

The firm has a dedicated team that works closely with portfolio companies to provide strategic guidance and operational support. This hands-on approach helps companies overcome challenges and achieve their full potential.

Diamond Castle Holdings has a strong track record of investing in a variety of industries, including consumer products, healthcare, and business services.

Company Overview

Diamond Castle Holdings is a global investment firm that focuses on acquiring and managing companies in the media and entertainment industry.

The company was founded in 2004 and has since grown to become a leading player in the industry.

With a strong track record of success, Diamond Castle Holdings has established itself as a trusted partner for entrepreneurs and business leaders looking to take their companies to the next level.

Private Equity Firm Overview

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Diamond Castle Holdings is a private equity firm with a focus on investing in healthcare services and business services. The firm's investment portfolio is diverse, with a presence in 8 US states and 2 different countries.

The firm's most common investment types include secondary buyout and buyout (LBO, MBO, MBI), with secondary buyout making up 40% of its investments.

Diamond Castle Holdings' exit strategy typically involves a trade sale, with 43% of its exits occurring through this method.

The firm's largest disclosed exit was in 2013, when it sold Managed Health Care Associates for $1.0B.

Where Is Based?

When you're looking to get a sense of a company's presence, one of the first things you'll want to know is where they're based. Diamond Castle Holdings is based in New York, New York.

Investments and Exits

Diamond Castle Holdings has made 2 investments, with their latest investment being in Beacon Health Strategies as part of their Private Equity on July 13, 2009.

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They have also had 6 notable portfolio exits, with the most recent one being the acquisition of Beacon Health Options by Anthem on June 6, 2019, for an undisclosed valuation of $XXM.

Diamond Castle Holdings' portfolio exit history includes a mix of acquisitions and mergers, with the majority of exits being acquisitions.

6 Portfolio Exits

Diamond Castle Holdings has had a total of 6 portfolio exits. Their latest exit was Beacon Health Options, which was acquired by Anthem on June 6, 2019, for a valuation of $XXM.

One of their notable exits was a merger on December 24, 2014, but the details of the acquisition and the company involved are not publicly available due to subscription requirements.

Another exit occurred on May 1, 2013, when a company was acquired for a valuation of $XXM, but the name of the company and the acquirer are not disclosed.

The table below shows a summary of Diamond Castle Holdings' portfolio exits:

7 Acquisitions

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Diamond Castle Holdings acquired 7 companies, with their latest acquisition being Beacon Health Options on December 24, 2015.

Their acquisition spree is a testament to their ability to identify and capitalize on opportunities in the market.

One notable aspect of these acquisitions is the range of industries and sectors they've entered, showing a diverse approach to investment.

Fund Information

Diamond Castle Holdings has a total of 3 funds, which were raised to support its investment activities.

The first fund, Diamond Castle Partners IV LP, was closed on December 14, 2006, with an amount of $1,825M.

Here are the details of the three funds:

As of 2014, the firm had not sought to raise a successor fund to Diamond Castle Partners IV LP.

Leadership and Employees

Diamond Castle Holdings' leadership team is composed of experienced professionals who have a proven track record of success in the investment industry.

Their approach to leadership emphasizes collaboration and open communication, which has fostered a positive and productive work environment among employees.

The company's commitment to employee development is evident in its efforts to provide training and professional development opportunities to its staff, enabling them to grow and succeed in their careers.

Senior Managing Director

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Simon Roberts is the Senior Managing Director of Diamond Castle Holdings. This highlights the importance of having a strong and experienced leader in a company.

In this case, Simon Roberts brings his expertise to the role, guiding Diamond Castle Holdings towards its goals. His leadership is a valuable asset to the company.

As a leader, Simon Roberts' position is a key part of the company's structure, with clear responsibilities and expectations. This helps to maintain order and efficiency within the organization.

Simon Roberts' experience and skills have likely been developed through his work at Diamond Castle Holdings, where he has been able to apply his knowledge and expertise to achieve results.

Related reading: The Jordan Company

Top Employees

Effective leaders recognize and reward their top employees, who are often the ones driving the company's success. These individuals typically have a strong work ethic and are highly motivated.

According to a study, top employees tend to have a growth mindset, always looking for ways to improve and develop their skills. This mindset helps them stay ahead of the curve and adapt to changing circumstances.

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Top employees often have a strong sense of accountability and take ownership of their work. They are proactive and self-directed, which enables them to work independently and make decisions without needing constant supervision.

A good leader knows how to identify and leverage the strengths of their top employees, often using them to mentor and guide others in the organization. By doing so, they can create a ripple effect of success and productivity.

Research shows that top employees are more likely to be engaged and motivated when they feel valued and recognized by their leaders. This can be achieved through regular feedback, rewards, and opportunities for growth and development.

History and Milestones

Diamond Castle Holdings was formed in 2004 after a spinout from Credit Suisse, led by DLJMB co-head Larry Schloss and four senior members of DLJ Merchant Banking Partners.

The firm was established to operate as a new private equity firm. In December 2006, Diamond Castle Holdings announced the completion of fundraising for a $1.85 billion private equity fund, known as Diamond Castle Partners IV.

Here are the three funds managed by Diamond Castle Holdings:

3 Fund Histories

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Diamond Castle Holdings has a history of managing funds that have achieved significant milestones. One notable example is Diamond Castle Partners IV LP, a buyout fund that closed on December 14, 2006, with a total amount of $1,825M.

The fund's success can be attributed to its focus on buyouts and acquisitions, a strategy that has proven to be effective in the market. This is evident in the fund's status, which is listed as "Closed", indicating that it has completed its investment period.

Here are the 3 funds managed by Diamond Castle Holdings:

Note that the status of DCP Vista Co-Investment Partners LP and Diamond Castle Partners 2014 LP is listed as "Subscribe to see more", indicating that this information is not publicly available.

History

Diamond Castle Holdings has a fascinating history that dates back to 2004. In that year, DLJMB co-head Larry Schloss led a spinout from Credit Suisse to form a new private equity firm, which would eventually become known as Diamond Castle Holdings.

Close-Up Photograph of a Pendant with Diamonds
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This spinout was a significant milestone for the company, marking its transition from a part of Credit Suisse to an independent entity. The firm's founders, including Larry Schloss and four senior members of DLJ Merchant Banking Partners, were instrumental in shaping the company's early years.

One notable achievement in Diamond Castle Holdings' history was the completion of fundraising for a $1.85 billion private equity fund in December 2006. This fund, known as Diamond Castle Partners IV, was a major success for the company and marked a significant milestone in its growth.

Here's a list of some notable merchant banking private equity groups that have been mentioned in the article:

  • ABN Amro
  • AAC Capital Partners
  • Bank of America
  • Ridgemont Equity Partners
  • Barclays
  • Barclays Private Equity
  • Barings Bank
  • Baring Vostok Capital Partners
  • Baring Private Equity Asia
  • GP Investments
  • Bear Stearns
  • Irving Place Capital
  • CIBC World Markets
  • Trimaran Capital Partners
  • Citigroup
  • Metalmark Capital
  • Court Square Capital Partners
  • CVC Capital Partners
  • Credit Suisse
  • Avista Capital Partners
  • Diamond Castle Holdings
  • Deutsche Bank
  • MidOcean Partners
  • First Chicago Bank
  • GTCR
  • Madison Dearborn Partners
  • Goldman Sachs
  • Goldman Sachs Capital Partners
  • JPMorgan Chase
  • CCMP Capital
  • HPS Investment Partners
  • One Equity Partners
  • Lazard
  • Lazard Alternative Investments
  • Lehman Brothers
  • Trilantic Capital Partners
  • Morgan Stanley
  • Metalmark Capital
  • Nomura Securities
  • Terra Firma Capital Partners
  • UBS
  • Affinity Equity Partners
  • Capvis
  • Lightyear Capital
  • Wells Fargo
  • Norwest Venture Partners
  • Pamlico Capital
  • William Blair & Company
  • Chicago Growth Partners

Carole Veum

Junior Writer

Carole Veum is a seasoned writer with a keen eye for detail and a passion for financial journalism. Her work has appeared in several notable publications, covering a range of topics including banking and mergers and acquisitions. Veum's articles on the Banks of Kenya provide a comprehensive understanding of the local financial landscape, while her pieces on 2013 Mergers and Acquisitions offer insightful analysis of significant corporate transactions.

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