| Revision as of 20:40, 27 June 2018 editHorse Eye Jack (talk | contribs)Extended confirmed users10,961 editsm →Profile: Added partial reasoning behind naming← Previous edit | Revision as of 20:40, 27 June 2018 edit undoHorse Eye Jack (talk | contribs)Extended confirmed users10,961 editsm →ProfileNext edit → | ||
| Line 16: | Line 16: | ||
| == Profile == | == Profile == | ||
| Since its inception in June 1994, Thayer has invested in over 30 portfolio companies with total revenue in excess of $3 billion. The company is named after ], an |
Since its inception in June 1994, Thayer has invested in over 30 portfolio companies with total revenue in excess of $3 billion. The company is named after ], an early superintendent of the ] who is widely considered to be the “Father of West Point."<ref></ref><ref>{{cite news|author=Terence O'Hara|url=https://www.washingtonpost.com/wp-dyn/articles/A60009-2004Oct24.html|title=The Buyout Business Has Changed, and So Has Frederic Malek|publisher=]|date=October 25, 2004}}</ref> | ||
| ===Involvement in Connecticut political corruption=== | ===Involvement in Connecticut political corruption=== | ||
Revision as of 20:40, 27 June 2018
| Thayer Hidden Creek | |
| Company type | Limited liability company |
|---|---|
| Industry | Private Equity |
| Founded | 1994; 30 years ago (1994) |
| Headquarters | Washington, DC, United States |
| Key people | Fred Malek, Founder and Chairman |
| Products | Investments, private equity funds |
| Website | www.thayercapital.com |
Thayer Hidden Creek is a Washington, DC-based private equity firm.
Profile
Since its inception in June 1994, Thayer has invested in over 30 portfolio companies with total revenue in excess of $3 billion. The company is named after Sylvanus Thayer, an early superintendent of the United States Military Academy who is widely considered to be the “Father of West Point."
Involvement in Connecticut political corruption
In 2004 the US Securities and Exchange Commission filed a complaint against Thayer for their role in the racketeering case of former Treasurer of the State of Connecticut Paul J. Silvester. The SEC report says that in November 1998 Silvester requested that Thayer's chairman, Frederic V. Malek, hire his good friend William DiBella as a lobbyist. DiBella was paid 0.7% of the value of any investment the Connecticut State Retirement and Trust Fund placed with Thayer, this amounted to $374,500 over the course of the scheme. The SEC contended that DiBella "ultimately performed no meaningful services in connection with the Thayer IV investment and Thayer, TC Partners IV, TC Management IV, and Malek failed to take adequate steps to determine what services, if any, the Treasurer's Associate would, or actually did, perform in connection with that investment." According to the New York Times in 1999 Silvester "pleaded guilty to six acts of racketeering, including three instances of bribery and one count of conspiring to launder money” and agreed to cooperate with federal investigators in their case against DeBella and Thayer.
On May 18, 2007, a federal jury found DiBella and his business North Cove Ventures "liable for aiding and abetting Silvester's intentional violations of Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5 thereunder, and the negligent violations by Malek, Thayer and its affiliates of Section 206(2) of the Investment Advisers Act of 1940. In its decision of March 13, 2008, the court reaffirmed the jury's findings."
People
- Ivor J. Evans - Vice Chairman of Union Pacific, 2004–05
- James J. Forese - CEO of Ikon, 1998–2002
- Fred Malek - Co-chairman, John McCain national finance committee
- Paul G. Stern - CEO of Northern Telecom, 1989–93
- William Cohen - US Secretary of Defense, 1997-01
- Richard K. Davidson - CEO of Union Pacific, 1991–2006
- Donald V. Fites - CEO of Caterpillar, 1990–99
- Daniel A. Dickinson - Director, Caterpillar
- Roger Penske - automotive executive
- Dan Altobello - Former Chairman of the Board, Onex Food Services, Inc.
- Norman Ralph Augustine - Former Chairman and CEO of Lockheed Martin Corporation
- Nick Chabraja - Chairman and CEO of General Dynamics
- Bob Eaton - Former Chairman and CEO of Chrysler Corporation
- Jack Kemp - former U.S. Representative, former Secretary of Housing and Urban Development
References
- Top Company Profiles - Thayer Capital Partners, L.P. - Portfolio.com
- Terence O'Hara (October 25, 2004). "The Buyout Business Has Changed, and So Has Frederic Malek". The Washington Post.
- "ADMINISTRATIVE PROCEEDING File No. 3-11585". sec.gov. US Securities and Exchange Comission. Retrieved 27 June 2018.
- Zielbauer, Paul. "Insiders Squirm as Corruption Case Slowly Unfolds". nytimes.com. New York Times. Retrieved 27 June 2018.
- "Litigation Release No. 20498 / March 14, 2008". sec.gov. US Securities and Exchange Commission. Retrieved 27 June 2018.
External links
| Private equity and venture capital investment firms | |
|---|---|
| Investment strategy | |
| History | |
| Investors | |
  | This article about a financial services corporation of the United States is a stub. You can help Misplaced Pages by expanding it. |