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259:. The firm took Dr Pepper/7 Up public just 18 months after merging the two companies. In all, Hicks & Haas turned an $ 88 million investment funding into $ 1.3 billion. The pair split up in 1989; Hicks wanted to raise a large pool to invest, but Haas preferred to work deal by deal. Robert Haas went on to form
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companies. The firm's reputation and market position were both damaged by the loss of over $ 1 billion from minority investments in six telecommunications and 13 Internet companies at the peak of the 1990s stock market bubble as well as several traditional buyouts that ended in bankruptcy (e.g.,
306:'s connector systems unit in 1993, renamed it Berg Electronics, added six more companies to it, and doubled its earnings before selling it in 1998. Not every acquisition was successful for Hicks Muse. Less-than-successful purchases included bankrupt brewer
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In 1997 Chancellor and
Evergreen Media merged to form Chancellor Media (renamed AMFM in 1999). The next year Hicks Muse continued buying US and Latin American media companies, as well as a few oddities (a
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was acquired by HM Capital
Partners. Located in Manawa, Wisconsin, Sturm Foods specializes in the manufacturing of bulk goods such as oatmeal and markets several sugar-free products under private labels.
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company), Regency Gas
Services (gas processing and distribution), and Centennial Puerto Rico Cable TV (Puerto Rican cable television company). It also agreed to buy a majority stake in trendy luxury
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with its purchases of cash-starved
Mexican companies, including Seguros Commercial America, one of the country's largest insurers. That year it also brought International Home Foods (Jiffy Pop,
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resigned from Hicks Muse at the end of 2004 and was replaced at the helm by co-founder John Muse. Hicks would go on to found Hicks
Holdings LLC. Charles Tate resigned from Hicks Muse in 2002.
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fund. They also invested $ 400 million into
Teligent, Inc., a fixed wireless telecommunications carrier. Teligent filed for bankruptcy in 2001 and is now defunct.
353:. Regal filed for bankruptcy protection in 2001. The company that year also moved into the depressed energy field (Triton Energy) and formed a $ 1.5 billion
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615:"Private Equity Investor and Wildlife Photographer Robert Haas Delivers Leaders Forum Lecture on Navigating Life in Financial Sector"
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In 2013, HM Capital began dissolving. The energy group spun out as
Tailwater Capital and the food group spun off as Kainos Capital.
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and the new group of partners heading the firm. HM Capital appears to be overcoming initial obstacles, raising new capital from
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and
Perrier-Jouët (it quadrupled its investment when it sold the champagne houses in late 2000). Lured by low stock prices on
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244:. (This would be the first of several media companies bought or created by the buyout firm that involved Steven Hicks.)
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The buyout firm's
Chancellor Media radio company went public in 1996. That year Hicks Muse gained entry into
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subsequently acquired US directories publisher McLeodUSA for about $ 600 million, and floated in 2003.
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In March 2006, Hicks Muse Tate & Furst changed its name to HM Capital reflecting the departure of
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as Hicks, Muse & Co. and was changed in 1994 to reflect the roles of
Charles Tate and Jack Furst.
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474:(creamed rice and puddings) and Brown & Polson, rounded out Premier Foods' portfolio in 2003.
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Securities banker John Muse to form Hicks Muse. Early investments included Life Partners Group (
376:(REITs), the company agreed to buy Walden (formerly Walden Residential Properties) that year.
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Acquisitions in 1999 included UK food group Hillsdown Holdings, one-third of Mexican
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Hicks, Muse, Tate & Furst logo prior to the change of the firm's name in 2006
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Acquisitions in 2004 included Kerns Oil & Gas (renamed Blackbrush Energy --
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In January 2005, the company's European arm, separated from Hicks Muse to form
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Hicks Muse struggled in the years immediately following the bursting of the
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maker Grupo Minsa, and (just in time for millennial celebrations) popular
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Hicks & Haas' biggest coup was its mid-1980s acquisition of several
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496:. Disposals during the year included the company's remaining stake in
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406:'s Ambient Food Business in 2002, which added well-known UK brands
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for roughly $ 3.5 billion, making it the largest non-corporate
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software maker, a Danish seed company, and US direct-seller
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Hicks raised $ 250 million in 1989 and teamed with former
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As part of its buy-and-build strategy, Hicks Muse bought
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737:"HM Capital energy group spins out as Tailwater Capital"
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Deal Journal Remember Hicks Muse? They're Back (Sort of)
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casualties, having invested heavily in technology and
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Financial services companies disestablished in 2013
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762:"End may be near for zombie private equity funds"
813:Financial services companies established in 1984
176:firm in the United States that specialized in
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823:Private equity firms of the United States
537:, Viasystems Group, International Wire.
236:in 1984; the next year that firm bought
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240:, a radio outfit run by Hicks' brother
46:Hicks Muse Tate & Furst (1994-2006)
833:American companies established in 1984
663:Will He Star Again In a Buyout Revival
569:, its first in more than five years.
220:as a member of First National Bank's
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699:Parting Thoughts from an LBO Hotshot
345:operations to form the US's largest
271:Hicks, Muse, Tate & Furst (HMTF)
651:Even the Smartest Money Can Slip Up
180:. The firm was previously known as
687:An LBO Giant Goes "Back to Basics"
590:"Business Secrets of a Lion Tamer"
387:'s yellow page directory business
14:
500:and its stake in Premier Foods.
379:Hicks Muse, along with UK-based
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798:Hicks Holdings Official Website
760:Jacobius, Arleen (2013-06-10).
711:A different name for Hicks Muse
299:'s Jack Furst became partners.
43:Hicks, Muse & Co. (1989-94)
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675:Forbes Faces: Thomas O. Hicks
374:real estate investment trusts
182:Hicks, Muse, Tate & Furst
518:internet and telecom bubbles
325:) into the Hicks Muse fold.
291:, 1990; sold 1996). In 1991
184:. It was founded in 1989 by
735:Bounds, Jeff (2013-03-19).
713:(Dallas Morning News, 2006)
639:Hicks Muse dons Jimmy Choos
308:G. Heileman Brewing Company
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766:Pensions & Investments
40:Hicks & Haas (1984-89)
828:Companies based in Dallas
619:Yale School of Management
512:HM Capital and Successors
261:Haas Wheat & Partners
58:Limited liability company
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335:Home Interiors and Gifts
741:Dallas Business Journal
563:institutional investors
524:as the highest profile
339:Kohlberg Kravis Roberts
20:HM Capital Partners LLC
665:(New York Times, 2003)
653:(New York Times, 2001)
408:Crosse & Blackwell
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16:US private equity firm
520:was often cited with
395:in European history.
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216:became interested in
701:(BusinessWeek, 2002)
689:(BusinessWeek, 2002)
552:private equity funds
402:Hicks Muse acquired
312:La Crosse, Wisconsin
295:'s Charles Tate and
238:Hicks Communications
567:private equity fund
265:private equity firm
170:HM Capital Partners
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565:for a $ 1 billion
530:telecommunications
337:). Hicks Muse and
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251:makers, including
267:based in Dallas.
218:leveraged buyouts
178:leveraged buyouts
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150:Leveraged buyouts
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548:Lion Capital LLP
522:Forstmann Little
487:cable television
464:Weetabix Limited
263:a middle market
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201:Hicks & Haas
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503:In May 2005,
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163:hmcapital.com
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621:. 2010-01-08
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128:Headquarters
101:Charles Tate
54:Company type
505:Sturm Foods
479:natural gas
230:Robert Haas
93:Robert Haas
807:Categories
771:2015-04-19
746:2015-04-19
625:2021-10-05
600:2021-10-05
594:D Magazine
576:References
494:Jimmy Choo
485:(Canadian
448:Rowntree's
389:Yell Group
285:Prudential
249:soft drink
104:Jack Furst
559:Tom Hicks
541:Tom Hicks
491:shoemaker
454:) to the
420:marmalade
383:, bought
366:champagne
253:Dr Pepper
214:Tom Hicks
190:John Muse
186:Tom Hicks
123:Dissolved
97:John Muse
89:Tom Hicks
472:Ambrosia
468:Unilever
458:stable.
440:Sarson's
355:European
146:Products
82:Founders
64:Industry
34:Formerly
483:Persona
444:vinegar
424:Sun-Pat
416:Chivers
368:brands
349:chain,
347:theater
232:formed
224:group.
212:owner,
196:History
160:Website
112:Defunct
74:Founded
596:. 2013
462:maker
460:Cereal
446:) and
432:Gale's
404:Nestlé
343:cinema
304:DuPont
242:Steven
172:was a
452:jelly
436:honey
362:flour
226:Hicks
207:Texas
498:Yell
466:and
397:Yell
370:Mumm
257:7 Up
255:and
228:and
188:and
120:Fate
115:2013
77:1984
438:),
430:),
422:),
393:LBO
310:of
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331:UK
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