Golden Gate Capital Partners
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| Private | |
| Industry | Private equity |
| Founded | 2000 |
| Headquarters | San Francisco, California, United States |
| Products | Leveraged buyout, growth capital |
| AUM | $14.0 billion |
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Number of employees
|
75 |
| Website | www |
Golden Gate Capital is an American private equity firm based in San Francisco. The firm makes investments in a number of select industries, including technology, financial services, retail and industrial, through leveraged buyout transactions as well as significant minority purchases and growth capital investments. As of March 2017[update], it had over $14 billion in assets under management (AUM).
The firm was founded in 2000, by former investment professionals from private equity firm Bain Capital, as well as business consultants from its affiliate Bain & Company.
Golden Gate's investment fund is structured as an evergreen fund with no finite life, meaning Golden Gate does not have to sell all investments within five to 10 years in order to raise another fund and can instead fundraise as deals are made.
It has approximately 53 investment professionals.
On May 15, 2007, Limited Brands announced its intent to sell a 67% stake in Express to Golden Gate Capital Partners. When the sale was finalized in July 2007, Golden Gate's stake in the company was 75% for approximately $550M, instead of the announced 67%.
The firm made a larger investment buying a majority stake in the Romano's Macaroni Grill restaurant chain for $131M in 2008.
In 2006, it bought Neways International for $500 M, acquiring the company at an auction held by the divorce court after a $700 M transaction led by Ramy El-Batrawi was abandoned because of the feuding between the divorcing couple that owned Neways International.
In June 2009, the company announced the purchase of the J. Jill brand business from Talbots. In April 2011, the Bahrain-based private equity firm Arcapita bought Jill Acquisitions from Golden Gate.
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