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Partners Group

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Revision as of 05:35, 20 February 2023 by Materialscientist (talk | contribs) (Reverted edits by 73.115.182.169 (talk) (HG) (3.4.12))(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff) Swiss-based global private equity firm
Partners Group Holding AG
Company typeAktiengesellschaft
Traded asSIX: PGHN
IndustryPrivate equity, private debt, real estate, infrastructure
Founded1996; 28 years ago (1996)
FounderMarcel Erni
Urs Wietlisbach
Alfred Gantner
HeadquartersBaar, Switzerland
Key people
  • Steffen Meister (Executive Chairman)
  • David Layton (CEO)
RevenueIncrease 2.629 billion CHF (2021)
AUMIncrease US$127 billion (2021)
Number of employeesIncrease 1,573 (2021)
Websitewww.partnersgroup.com

Partners Group Holding AG is a Swiss-based global private equity firm with US$127 billion in assets under management in private equity, private infrastructure, private real estate and private debt.

The firm manages a broad range of funds, structured products and customized portfolios for an international clientele of institutional investors, private banks and other financial institutions. The firm has completed more than 250 private equity investments in portfolio companies. As end of 2021, Partners Group is the fifth most-valuable publicly listed private markets firm in the world by market capitalization.

Since 2020 Partners Group is a component of the Swiss Market Index.

History

Founded in 1996, the firm is headquartered in Zug, Switzerland with global offices. In 2019, the firm opened its 129,400-square-foot North American headquarters in Broomfield, Colorado.

Partners Group is a joint stock company under Swiss law, listed on the Swiss Exchange since its 2006 initial public offering (minority floating). Around 45% of the shares are held by all employees and partners. The firm's founding partners are Alfred Gantner, Marcel Erni, Urs Wietlisbach and Stefan Degen. As of 2016, according to Forbes' annual billionaire's list, founders Gantner, Erni, and Wietlisbach are listed as three of the 25 wealthiest private equity managers in the world, each with net worths totaling $1.3 billion.

As of 30 November 2011, Partners Group has been included in the MSCI Switzerland Index after having been included in mid-September in the Swiss Small & Mid Cap Index (SMIM Index) which tracks the 30 biggest listed companies in Switzerland that are not listed by the Swiss Market Index.

In January 2018, Royal Dutch Shell purchased the company's 44% minority interest in solar energy firm Silicon Ranch for an estimated $200 million.

As of 18 September 2020 after closing, Partners Group is in the Swiss Market Index, its first trading day as part of the SMI being September 21. The blue-chip SMI is the most prominent stock index in Switzerland, comprising the 20 largest Swiss stocks.

Partners Group was awarded firm of the year in Switzerland for four years in a row (2017-2020) by Private Equity international.

In 2020, Partners Group entered into a major cooperation with UBS in the form of a new private markets solution for its wealth management clients, targeting an annual investment capacity of US$1–3 billion over time.

In 2021, Partners Group was selected by Malaysia's Employees Provident Fund to manage a substantial portion of its US$600 million Shariah Private Equity Direct/Co-Investment Fund - the largest of its kind in the world.

In November 2022, Partners Group acquired EdgeCore for $1.2 billion, a Colorado-based data center owner and operator company.

On 23rd December 2022, the company bought the majority of the Swiss watch-maker Breitling from CVC. Alfred Gantner is taking over the presidency of Breitling's directorial board.

Controversies

In January 2020, freight rail operating company MidRail accused the private equity firm of soliciting the rail company's business secrets to compete against it on a deal, in violation of a non-disclosure agreement previously signed and agreed to in 2017. The lawsuit was filed in New York State Supreme Court. According to the lawsuit, the company MidRail was forced to bid $100 million more for acquisition target Patriot Rail as a result of the breach in the confidentiality agreement.

References

  1. "Partners Group's Meister on how private markets get to $20trn". Retrieved 4 August 2021.
  2. "Half Year 2021". Retrieved 4 August 2021.
  3. "Partners Group reports CHF 109bn AUM". Retrieved 4 August 2021.
  4. ^ "Partner Group reports strong 2021 financials driven by exceptionally high performance fees". Retrieved 24 May 2022.
  5. ^ "Partners Group reports strong AuM growth of 17% in 2021 and a solid outlook for 2022". www.partnersgroup.com.
  6. ^ "Partners Group expects gross client demand of $22-26 billion in 2022". January 13, 2022 – via www.reuters.com.
  7. "Partners Group reports total AuM of USD 94 billion as of 31 December 2019". www.partnersgroup.com. Retrieved 2020-05-29.
  8. "Inside private equity's race to go public". www.ft.com. Financial Times. 2022-01-10. Retrieved 2022-05-24.
  9. "DBJ Offices: Inside the factory-themed Broomfield HQ of Swiss investment firm Partners Group (Video)". Denver Business Journal. Retrieved 2020-06-01.
  10. Partners Group plans IPO on SWX Swiss Exchange Archived 2012-07-23 at archive.today. AltAssets, 2006
  11. Archived 2012-06-02 at the Wayback Machine. Partners Group.
  12. Crowe, Portia. "The 25 richest people in private equity". Business Insider. Retrieved 2020-05-29.
  13. Partners Group included in the MSCI Switzerland Index Archived 2013-10-29 at the Wayback Machine
  14. "Shell takes big stake in Silicon Ranch". Nashville Post. Retrieved 2019-04-29.
  15. "Index adjustments on the occasion of the ordinary index review" (PDF). SIX Swiss Exchange. Retrieved 2020-09-03.
  16. "Partners Group boots Adecco out of the SMI". Citywire Switzerland. Retrieved 2020-07-11.
  17. "PEI Awards 2020: Winners". Private Equity International. 2021-03-01. Retrieved 2021-06-06.
  18. "UBS makes private markets push with Partners Group tie-up". Retrieved 9 November 2021.
  19. "UBS strengthens focus on private markets with Partners Group partnership". Retrieved 9 November 2021.
  20. "UBS To Launch Private Market Programmes With Partners Group". Retrieved 9 November 2021.
  21. "UBS joins forces with private equity firm Partners Group to give wealthy clients access to private markets". Retrieved 9 November 2021.
  22. "Employees Provident Fund's US$600 Million Fundraising". Retrieved 9 November 2021.
  23. Hu, Krystal (2022-11-11). "Partners Group buys data center platform EdgeCore Digital with $1.2 bln investment". Reuters. Retrieved 2022-11-15.
  24. "Partners Group installiert Alfred Gantner als Präsident von Breitling". Handelszeitung (in German). 2022-12-23. Retrieved 2022-12-31.
  25. "Partners Group Sued Over Alleged Breach of Non-Disclosure Agreements". Institutional Investor. Retrieved 2020-03-13.

External links


Private equity and venture capital investment firms
Investment strategy
History
Investors
Switzerland Swiss Market Index companies of Switzerland
Switzerland Swiss Leader Index companies of Switzerland
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