October 28, 2016 9:44 AM ET

Capital Markets

Company Overview of Centerbridge Partners, L.P.

Company Overview

Centerbridge Partners, L.P. is a private equity firm specializing in leveraged buyouts, credit investing, and distressed debt securities and distressed debt for control opportunities. The firm makes investments in corporate partnerships and buildups. The firm seeks to invest in various sectors including restaurants. It typically invests in companies based in Europe and North America with a focus on United States. The firm seeks to make investments between $50 million and $300 million. Centerbridge Partners, L.P. was founded in 2005 and is based in New York, New York with an additional office in London, United Kingdom.

375 Park Avenue

12th Floor

New York, NY 10152-0002

United States

Founded in 2005





Key Executives for Centerbridge Partners, L.P.

Co-Founder and Managing Principal
Co-Founder and Managing Principal
Age: 59
Managing Director
Age: 35
Senior Managing Director
Senior Managing Director
Age: 54
Compensation as of Fiscal Year 2016.

Centerbridge Partners, L.P. Key Developments

Advent International Reportedly Nears Deal To Acquire Culligan

Advent International Corporation is nearing a deal to acquire Culligan International Company from Centerbridge Partners, L.P. or more than $900 million, including debt, people familiar with the matter said. Advent prevailed in an auction for Culligan that attracted the interest of other private equity firms, as well as Pentair plc (NYSE:PNR), the people said on October 11, 2016. A deal could be announced as early as this week, the people said, cautioning that an agreement has not been finalized and the outcome could still change. The sources asked not to be identified because the negotiations are confidential. Culligan, Advent, Centerbridge and Pentair did not immediately respond to requests for comment, Reuters reported.

Centerbridge In Pole Position To Buy Blackstone's Assets

Centerbridge Partners, L.P. is in pole position to buy The Blackstone Group L.P.’s (NYSE:BX) 88-aset NCP car park portfolio for £500 million. Centerbridge has made the highest bid to acquire the assets, which is in competition with Davidson Kempner Capital Management LLC and a consortium of PGIM Real Estate, Delancey Estates Ltd. and First Alliance Properties.

Investors Reportedly In Talks To Acquire Stake In Banca Popolare Di Vicenza

A group of private equity investors is in talks to buy a sizable stake in Banca Popolare Di Vicenza S.C.p.A. though disagreement over pricing is holding things up, a source close to the matter said. Quaestio Capital Management SGR S.p.A Unipersonale, which manages Atlante, is talking to Centerbridge Partners, L.P., Warburg Pincus LLC, The Baupost Group, LLC and Atlas, the source said, adding the funds were part of a consortium that was open to other investors. Quaestio declined to comment while the funds were not immediately available for a comment. But the source said the talks were currently on hold because the funds were not prepared to pay as much as Atlante.

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