Year Founded: 2005
AUM: $36B | Dry Powder: $6.4B
375 Park Avenue, New York, NY 10152, US
Centerbridge Partners is a private equity firm founded in 2005 and headquartered in New York, US. The firm prefers to invest in companies from the consumer, financial services, real estate, healthcare, industrial, and technology, media, telecom sectors
Key Contacts
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Jeffrey Aronson
Co-Founder & Managing Principal
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Gordon Morrison
Managing Director & Chief Financial Officer
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Bill Neuenfeldt
Senior Managing Director and Chief Operating Officer
Investment Preferences
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Preferred Industries
Insurance Brokers, International Banks, IT Consulting and Outsourcing, Database Software, Other Commercial Products, Consumer Finance, Property and Casualty Insurance, Re-Insurance, Utilities, etc.
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Geographical Preference
South America, US, Western Europe
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Preferred Deal Types
Buyout/LBO, PE Growth/Expansion
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Other Investment Preferences
Prefers majority stake, Prefers minority stake, Seeks distressed investments, Seeks ESG investments, Will syndicate
Investments By Year
Funds Closed
Size: $2.3B
Dry Powder: $2.3B
Details: Investment focus is on storage, digital real estate, industrial & logistics, residential sectors
Size: $3B
Dry Powder: $0M
Details: The fund targets investments in the capital market and institution sectors
Size: $6.2B
Dry Powder: $631.5M
Details: The fund invests in energy, financial service, material, resource, IT, healthcare, business product, etc.
Investments By Industry
Investments By Region
Key Investments
In November 2022, Centerbridge Partners, CFT Capital Partners, and Bridgeport Partners acquired Computer Services Inc for $1.6 billion. In support of the transaction, Ares Management and Owl Rock Capital Corporation BDC provided an undisclosed amount of debt financing in the form of a first-lien loan, and a term loan
In October 2022, Centerbridge Partners and CFT Capital Partners acquired MacLean Power Systems for an undisclosed amount. MacLean Power Systems manufactures products for electric utilities, telecommunications, and civil markets
In April 2022, Centerbridge Partners, Advent International, and CPP Investments agreed to acquire Aareal Bank for $2.2 billion. Aareal Bank is an international purveyor of financing services that specializes in commercial property financing
In February 2022, Westrec Marinas, an owner and operator of marina facilities was acquired by Suntex Marinas, via its financial sponsors Centerbridge Partners, Resilient Capital Partners, Samson Investment Partners and Wafra, through an estimated $400 million LBO
In November 2021, Medical Solutions, a provider of staffing services intended for hospitals, clinics, and long-term care facilities was acquired by Centerbridge Partners, Caisse de dépôt et placement du Québec Beecken Petty O’Keefe & Company and PNC Erieview Capital through an estimated $2.3 billion LBO
In October 2020, a home care agency “Help at Home” was acquired by Vistria Group and Centerbridge Partners through a $1.4 billion LBO. Later, company was merged with Sevita which allowed Sevita to expand its offerings to include an additional residential, supportive living and day center programs
In September 2019, Centerbridge Partners, L.P. acquired Solidus from AURELIUS Equity Opportunities SE & Co. KGaA. Solidus is a fibre-based sustainable packaging producer in Europe. It operates from 15 locations across seven countries: the Netherlands, Belgium, France, Germany, Spain, Portugal and the UK
In December 2018, Centerbridge Partners LP acquired Civitas Solutions Inc for about $1.4 billion from Vestar Capital Partners. Civitas, of Boston, provides home and community health services to people with disabilities. Centerbridge acquired all outstanding shares of Civitas common stock for $17.75 in cash per share
In September 2017, Enel SpA and Centerbridge Partners LP entered into a Joint Venture (JV) to build a 154MW wind farm in Greece. The purpose of the JV was to construct and operate seven wind farms at Kafireas on Greece’s Evia island
Other Details
The firm operates through private equity, credit & real estate platforms. The firm invests in various sectors namely, consumer, financial services, healthcare, industrials, real estate, technology, and media & telecom. The firm has 270 employees including over 106 investment professionals.
The private equity, credit & real estate platform currently has total capital commitments of approximately $16.9 billion, $15.3 billion & $3.21 billion, respectively. The firm’s latest open funds include Centerbridge Capital Partners V & CB Faraday Co-Invest.
ACE & Company, Advent International, AHEAD, Aktua Soluciones Financieras, Alaska Permanent Fund, American Bath Group, Allianz Real Estate, American Renal Associates, Apollo Global Management, Blackstone, Centaurus Capital, Endemol, Focus Financial Partners, Gallatin Point Capital, Goldman Sachs Asset Management, Greenaap Investments, Palladium Equity Partners, Polaris Partners & Pollen Street Capital are some of the co-investors who invest alongside Centerbridge Partners.
Source: Pitchbook, Company Website, Press Release