TowerBrook Capital Partners
TowerBrook Capital Partners L.P. is an international investment management firm with a unique approach to private equity and structured opportunities. Established in April 2005, TowerBrook was formed as a spin-off from Soros Fund Management, a move led by co-founders Neal Moszkowski and Ramez Sousou, who were previously co-heads of Soros Private Equity. The company is headquartered in London and New York City, with additional offices in Madrid and Frankfurt, reflecting its global reach.
With an impressive Assets Under Management (AUM) of USD $13.7 billion, TowerBrook operates a number of private equity funds and structured opportunities funds. The firm is known for its majority stakes in various companies, one of the most notable being the luxury fashion brand Jimmy Choo. TowerBrook's investment portfolio is diverse, covering a wide range of sectors and industries across North America and Europe.
The company's history is marked by strategic investments and successful exits. In its early years, TowerBrook made significant investments in companies like Eircom, CSTV Networks, and Cablecom. Its first independent fund, TowerBrook Investors II LP, closed at $1.3 billion in March 2006, with a notable contribution from George Soros. That same year, TowerBrook made headlines by purchasing a 67% stake in French engineering company GSE and acquiring 75% of the St. Louis Blues National Hockey League team, marking it as the only private equity firm to own a share in a professional sports team at the time.
TowerBrook's approach to investment has been cautious and calculated, especially during periods of economic uncertainty. This strategy paid off in 2008 when the firm raised $2.8 billion for its third fund, a significant achievement during a challenging financial climate. The firm's investment pace and prudent use of debt for new investments have been key factors in its success.
In addition to its business endeavors, TowerBrook is also committed to philanthropy, with a focus on social impact and responsible investment practices. The firm's dedication to creating value not only for its investors but also for the broader community is a cornerstone of its philosophy.
TowerBrook's acquisition of True Religion, a premium denim company, is a testament to its expertise in identifying potential in various market segments and enhancing the value of its investments. The firm's ability to navigate complex market dynamics and its commitment to operational excellence have established it as a prominent player in the investment management industry.