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Since inception in 1994, Cypress has invested more than $ 4 billion of equity in more than 30 companies through transactions totalling in excess of $ 22 billion in size. Historically, Cypress employed an industry-based investment strategy and the firm was structured into six industry groups covering
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Cypress had indicated its intentions to raise $ 1.5 billion. However, a series of weak investments, particularly in
Cypress II, severely impacted the firm's plans to raise a third fund. By 2007, Cypress had lost a significant number of its senior investment professionals. As of 2009, the firm is
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In 1999, the firm completed fundraising for
Cypress Merchant Banking Partners II, with $ 2.5 billion of investor commitments. At the time it was raised, the firm's new fund ranked among the largest raised for leveraged buyout transactions. Ultimately, Cypress II would prove to be the firm's final
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In
October 2009, the firm's Cypress Merchant Banking Partners II will reach the end of its original 10-year term. While the firm is seeking to extend the life of the fund, investors in the fund are currently negotiating an orderly wind-down of the investments in the portfolio.
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investments in companies across a range of industry sectors. At its peak in the late 1990s and early 2000s, Cypress was among the largest US private equity firms, although by the end of the decade the firm would find itself in the process of winding down its operations.
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The
Cypress Group was founded in 1994 by Jim Stern, Jeff Hughes, Jamie Singleton and David Spalding, who had served previously as the senior managing directors of
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still managed day-to-day by two of its original founders, Jim Stern and Jeff Hughes. David
Spalding assumed a role at his alma mater
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The
Cypress Group raised its first institutional private equity fund in 1996 with $ 1.05 billion of investor commitments.
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Cypress has raised approximately $ 3.6 billion since its inception across two funds raised in 1996 and 1999.
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fund when it announced in 2007 that it would abandon further plans to raise a successor fund.
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171:' merchant banking group, Jim Stern, Jeff Hughes, Jamie Singleton and David Spalding.
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Packaging, Building
Products, Construction Materials & Retail
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Lehman, Seeking Higher Profit, Returns to
Merchant Banking
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Jim Stern, Jeff Hughes, Jamie
Singleton and David Spalding
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and Jamie
Singleton still remains on the firm's board.
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Fate of Cypress Group Said to Be in Investors’ Hands
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EQUITY FIRM BUYS CAT FOOD COMPANY FOR $ 425 MILLION
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COOPER TIRE SELLS AUTOMOTIVE UNIT FOR $ 1.2 BILLION
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630:Del Monte to Buy Meow Mix And Sell Some Food Units
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570:DANA SELLS REPLACEMENT PARTS BUSINESS TO CYPRESS
389:Media & Entertainment, Lodging & Leisure
198:, a private equity and investment banking firm.
558:DANA REDUCES SALE PRICE OF ITS AUTO PARTS UNIT
396:Among the firm's notable investments include:
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1215:Private equity and venture capital investors
654:WILLIAMS SCOTSMAN SALE SET FOR $ 675 MILLION
642:BUYOUT FIRM JOINS WESCO MANAGERS IN TAKEOVER
606:GENERAL ELECTRIC TO SELL BOND INSURANCE UNIT
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596:. New York Times, September 18, 2004
536:. Wall Street Journal, June 18, 2007
492:Cypress Group Faces Vote For Survival
461:Republic National Cabinet Corporation
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521:. New York Times, February 22, 1996
509:. New York Times, November 12, 1996
422:Financial Guaranty Insurance Company
620:. New York Times, October 15, 2003
560:. New York Times, November 3, 2004
386:Healthcare & Financial Services
584:. New York Times, August 30, 1996
380:Automotive & Aerospace/Defense
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656:. New York Times, April 15, 1997
644:. New York Times, April 25, 1998
608:. New York Times, August 5, 2003
548:. New York Times, August 7, 2009
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383:General Industrial & Services
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582:CYPRESS GROUP TO PURCHASE AMTROL
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494:. New York Post, August 7, 2009
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268:and the venture capital bubble)
27:American private equity company
987:Publicly traded private equity
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1255:List of venture capital firms
534:Winding down at Cypress Group
1235:List of private equity firms
992:Business Development Company
427:Frank's Nursery & Crafts
70:; 30 years ago
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1079:High-net-worth individuals
869:Leveraged recapitalization
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967:Limited liability company
927:Venture capital financing
874:Dividend recapitalization
208:History of private equity
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457:R.P. Scherer Corporation
442:Loral Aerospace Holdings
1034:Institutional investors
1172:Liquidation preference
1137:Distribution waterfall
1089:Sovereign wealth funds
1245:Venture capital firms
997:Venture capital trust
192:Stephen A. Schwarzman
1225:Private equity firms
953:Private equity firms
902:Post-money valuation
779:Equity co-investment
519:Cypress Closes Funds
196:The Blackstone Group
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1192:Undercapitalization
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962:Limited partnership
907:Pre-money valuation
468:WESCO International
232:(origins of modern
210:and venture capital
163:The firm, based in
155:company focused on
128:Number of employees
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1127:Capital commitment
897:Business incubator
864:Buy–sell agreement
690:2009-08-28 at the
314:COVID-19 recession
95:New York, New York
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859:Divisional buyout
854:Management buyout
849:Financial sponsor
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685:The Cypress Group
472:Williams Scotsman
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414:Cinemark Theatres
392:Consumer Products
358:Dartmouth College
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149:The Cypress Group
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31:The Cypress Group
18:The Cypress Group
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447:McBride plc
368:Investments
300:(expansion)
1290:Categories
1147:Envy ratio
1054:Endowments
917:Seed money
831:Terms and
477:References
1117:Cap table
1022:Investors
946:Structure
764:Mezzanine
752:Leveraged
306:The 2020s
294:The 2010s
274:The 2000s
258:The 1990s
242:The 1980s
194:to found
1167:Leverage
1103:Related
833:concepts
688:Archived
452:Meow Mix
105:Products
55:Industry
1177:M&A
884:Venture
789:History
759:Venture
284:to the
178:History
137:Website
83:Founder
73: (
65:Founded
49:Private
1142:EBITDA
841:Buyout
769:Growth
747:Buyout
405:Amtrol
957:funds
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802:1980s
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151:is a
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955:and
912:SAFE
731:and
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75:1994
68:1994
1182:PME
1162:IRR
1157:IPO
1112:AUM
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