Anyone have any info on Lindsay Goldberg?
I know that they're industrials focused, with long hold times and their associates are all very well pedigreed, but I was wondering if anyone had info with regards to culture and comps as well as career track (e.g. direct promote vs. b-school) and general reputation
Thanks
Bump - does anyone have any insight? Many thanks in advance.
Edit: wow, I'm just screwing up everywhere here with stupid posts. Time to go to bed.
lindsay goldberg (Originally Posted: 04/17/2014)
they seem to be a great firm but don't hear much about their deals.
any thoughts on their investment approach, reputation, etc.?
Very solid MM firm. Focus mainly on growth buyouts (e.g. partnering with strong existing management/platforms, no fundamental operational changes), have long hold periods, pretty diversified by sector but have historically done a lot in industrials. Senior team has worked together for a long time.
Also don't think they've ever had a write-off.
Hope that's helpful.
Any other thoughts? Interested in knowing as well given how little information is available from searching the internet.
This covers most of the essential details. LG is very keen on purchasing founder-run businesses and they make great note of their 10-20 year hold periods. They tend to pursue multiple add-on acquisitions during the hold period. Performance has been solid historically, and they are currently in the market raising Fund IV with a target of $4.0bn (same as Fund III).
Happy to answer other questions via PM.
lindsay goldberg bessemer (Originally Posted: 03/12/2007)
anyone know anything about this firm. thanks in advance
they do middle market healthcare and business services...i think their current fund is $2.5bn.
well respected from what i hear. i think the returns from their latest fund were around 40%.
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