DLJ Merchant Banking Partners
DLJ Merchant Banking Partners, also known as Donaldson, Lufkin & Jenrette Merchant Banking Partners, is "a private equity fund Credit Suisse First Boston, a major investment banking and securities firm. With committed capital of approximately $3 billion, the equity fund has invested $2.4 billion in 36 different transactions. In addition to Haights Cross, media investments include Argyle Television, Evergreen Media, GTECH Holdings, Inc., and the Katz Media Group."[1]
"David F. Burgstahler, Principal. Mr. Burgstahler joined Donaldson, Lufkin & Jenrette in 1995 and has been involved in numerous principal transactions, mergers, acquisitions, equity offerings, and leveraged financings. In 2000, Donaldson, Lufkin & Jenrette, Inc. merged with Credit Suisse First Boston. From 1991 to 1993, he worked as a Senior Consultant at Andersen Consulting. Mr. Burgstahler received a B.S. in Aerospace Engineering from the University of Kansas in 1991 and an M.B.A. from Harvard Business School in 1995. He serves on the board of directors of Haights Cross Communications Inc., Von Hoffmann Press Inc., and WRC Media Inc."[2]
2003 Leadership
- Lawrence M.v.D. Schloss, "Co-Chairman of the Investment Committee and Chairman of each of DLJ Merchant Banking Partners I, II and III of DLJ Growth Capital Partners and as a member of the Investment Committee of each of DLJ Investment Partners I and II (Chairman), DLJ Real Estate Capital Partners I and II, DLJ Private Equity Partners, CSFB Private Equity Partners, L.P., International Equity Partners L.P., DLJ Strategic Partners (Chairman), DLJ Diversified Partners (Chairman), and formerly Global Retail Partners."[3]
"Donaldson, Lufkin & Jenrette is a leading integrated investment and merchant bank serving institutional, corporate, government and individual clients. DLJ's businesses include securities underwriting; sales and trading; merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management. Founded in 1959 and headquartered in New York City, DLJ employs approximately 7,000 people worldwide and maintains offices in 14 cities in the Unites States and 10 cities in Europe, Latin America and Asia. The company's common stock trades on the New York Stock Exchange under the ticker symbol DLJ." (As of March 1998. Former web address www.dlj.com no longer connects.)
FUNDS: DLJ Merchant Banking Partners II was formed November 1996.[4]
Contact
DLJ Merchant Banking Partners
277 Park Avenue, 19th Floor
New York, NY 10172
(212) 892-3590
News Items
Please note that a web search will result in an endless display of acquisitions and mergers. The following are only a sampling.
- 15 August 2000, DLJ Merchant Banking Partners and Management to Acquire Advanstar, Inc. for Over $900 Million: "Advanstar, Inc., through its subsidiary Advanstar Communications Inc., publishes 103 business magazines and directories, produces more than 100 exhibitions and conferences, maintains 79 web sites, and provides direct mail and other marketing services to 19 industries, including fashion and apparel, travel and hospitality, specialty retail, healthcare, pharmaceutical, science, manufacturing and processing. Last year, Advanstar, Inc. formed a separate subsidiary, recently branded Hive4.com, to develop its internet business and has plans to build over 20 market-focused web communities."
- 13 June 2002, Carlyle Group: "Seabulk International, Inc. (Nasdaq: SBLK)] today announced the signing of a definitive agreement with DLJ Merchant Banking Partners III, L.P., a CSFB Private Equity fund, and affiliated entities, and Carlyle/Riverstone Global Energy and Power Fund I, L.P." Announcement was made by the Carlyle Group on its web site.
- 21 March 2003, Duke Agrees to Sell Stake in Waste-to-Energy Interest, WasteAge by Lynn Schenkman: "AIG Highstar Capital and DLJ Merchant Banking Partners have agreed to acquire 50 percent interest in DUKE/UAE Ref-Fuel, Woodcliff Lake, N.J. Duke UAE Ref-Fuel owns American Ref-Fuel Co., Montvale, N.J., a holding company for six waste-to-energy facilities in the Northeastern United States. The agreement calls for a newly formed entity owned by Highstar Renewable Fuels and CSFB Private Equity to pay Duke Energy approximately $306 million."
- 17 June 2003: Jostens to sell for $1.1B to DLJ Merchant Banking Partners III: "Credit Suisse First Boston, a subsidiary of Credit Suisse Group (NYSE-ADR: CSR) (credit-suisse.com), said that its private equity fund, DLJ Merchant Banking Partners III LP, signed a definitive agreement to buy Minneapolis-based yearbook and class ring maker Jostens Inc from its private equity owners, including Investcorp (investcorp.com), MidOcean Partners, First Union Leveraged Capital, and Northwestern Mutual Life Insurance Co. ... Expected Close Date: September 30, 2003 ... Advisors: Goldman SachsDeutsche Bank provided financial advice to Investcorp and the other private equity owners on the deal. Gibson Dunn & Crutcher LLP provided legal advice to Jostens. Weil, Gotshal & Manges LLP provided legal counsel to DLJ."
Other Related SourceWatch Resources
- Global Technology Partners, LLC
- Richard H. Jenrette - former chair
- Andrew Land
