Anybody have any insight on OEP? They have made headlines as of late with the Ford/Jaguar/Land Rover auction and they're currently in the running for a stake in Evonik Industries among the likes of Bain Cap, BX, KKR, and Cerberus.
Comments on culture, comp, and day-to-day functions (i.e. heavy on sourcing?) would be greatly appreciated. Thanks.
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Just to clarify, One Equity is Bank One's PE arm, not JP Morgan's. JPM's PE arm is CCMP (formerly JP Morgan Partners). A small detail but important to note in terms of history and culture (as Bank One was just recently acquired by JPM and OEP has been left alone).
I worked with these guys on an LBO that eventually died while I was in banking. The guys I met were very arrogant and quite honestly not that impressive. I came away from that experience with one less firm to interview with.
Actually, OEP, which was previously Bank One's PE arm, became JPM's PE arm after the Bank One acquisition. CCMP, which was formerly JPM Partners, was then spun off as a separate entity.
From OEP's website: "OEP manages $5 billion of investments and commitments for JPMorgan Chase & Co. in direct private equity transactions."
News release about JPM Partners becoming independent: http://www.ccmpcapital.com/pages/press/release5.html
I admit that I may have gotten some subtleties mixed up, but I'm pretty sure that OEP is JPM's PE arm and that CCMP is independent of JPM.
My apologies for not clarifying, you're right, CCMP did spin off from JPM (hence the name change). The point of the post was not to point out that OEP is not a part of the new JPM (they obviously are, as they were subsumed as part of the transaction), but to point out the origins of CCMP vs. OEP (JPM vs. BankOne). Different background, different culture, different people.
true that, true that.
to an european fund opening up in NY. was in the papers last week
Any new info on this post?
One Equity Partners? (Originally Posted: 09/26/2017)
Cheers all,
does anybody have insight on One Equity Partners (OEP)?
There is a thread on here, but it's 9 years old.
I'd like to know stuff about working hours, deal flow, pay, the interviews (either internship or full time), etc.
They posted a job ad and I'm thinking of applying - so any insights are much appreciated. Thank you in advance!
Depends. Which office?
Thanks for replying!
Frankfurt seems to be the only location in Europe, so I'd go for that one
JPM seeking $5 billion for One Equity Partners (Originally Posted: 01/14/2014)
Any thoughts on who potential buyers could/would be?
http://www.altassets.net/private-equity-news/by-news-type/deal-news/jp-…
"Initial offers for the portfolio came in around New Year's Day, with some above asking, one of those people said. Investors initially circling One Equity included Canada Pension Plan Investment Board, AlpInvest Partners, HarbourVest Partners, Lexington Partners, Goldman Sachs Group Inc. and Pantheon, Dow Jones reported in November, citing four people with knowledge of the transaction. Two of those people said Middle East sovereign wealth fund Abu Dhabi Investment Authority also expressed interest." -EuroInvestor
Any recent insights concerning prestige, industry focus and culture? Thanks
Some of the people on their team page have absolutely no talent, how is this shop still up and running?
They have some "associates" with basically no prior work experience (athletes, etc.) which is....weird to say the least. So I wonder what the technical experience would be like. Just something to diligence...
Agree..looks like some Harvard connections / nepotism being used at the associate level.
Turns out Mario Ančić is a VP there, he had a pretty solid tennis career (was ranked as high as world no.7) breaking onto the global stage as a teenager (beat Fed in Wimbledon Debut in '02), pretty interesting stuff ...
Yea...looks like a mix of Harvard kids with no IB/PE/Consulting experience, and a few with IB experience at the associate level. Looks like the president was an ex-Harvard rower, my guess is he is bringing them in
Not sure, but looks like they just raised a new fund. Had a meeting with some of the people on the team page recently, they DO NOT look like that at all.. I was shocked at how different that ina girl looks.
The team should seriously consider updating their team page to most recent pics...
Any insight on comp?
Heard its below market. Not worth for rumors surrounding their sweaty culture. Heard they pay the rower / nepotist bunch more than traditional hires but who knows.
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