Private | |
Industry | Private equity |
Founded | 2001 |
Founder | Dick Cashin, Managing Partner |
Headquarters |
New York City, New York, United States Chicago, Illinois, United States |
Products | Leveraged buyout, Growth capital |
Total assets | $10 billion |
Number of employees
|
40+ |
Parent | JPMorgan Chase (formerly Bank One Corporation) |
Website | www.oneequity.com |
One Equity Partners is the private merchant banking arm of JPMorgan Chase, focused on leveraged buyout and growth capital investments in middle-market companies. Formed at Bank One in 2001, the group has offices in New York City, Chicago, Sao Paulo, Vienna, Hong Kong and Frankfurt. It manages approximately $10 billion of investments and capital commitments by JPMorgan Chase.
In 2006, One Equity, together with The Blackstone Group and Technology Crossover Ventures acquired Travelport from Cendant in a $4.3 billion buyout. The company owns Worldspan and Galileo as well as approximately 48% of Orbitz Worldwide. The sale of Travelport followed the spin-offs of Cendant's real estate and hospitality businesses, Realogy Corporation and Wyndham Worldwide Corporation, respectively, in July 2006. Later in the year, TPG and Silver Lake would acquire Travelport's chief competitor Sabre Holdings.
Among One Equity's other notable investments include Polaroid Corporation which was sold in 2005 at a significant gain, as well as: Apollo Hospitals, Carlson Wagonlit Travel, Clipper Windpower, NCO Group,Pfleiderer, Systagenix Wound Management, ThyssenKrupp Marine Systems, Vertrue, X-Rite, and Italian system integrator Engineering Ingegneria Informatica.