PE Shops - RippleWood, JC Flowers, Quadrangle & W.L Ross & Co
Hey Guys,
There seems to be a lot of info out there on the large private equity players - Carlyle, TPG Capital, KKR and Blackstone.
I was wondering if anyone knew about the following firms - RippleWood, JC Flowers, Quadrangle and WL Ross & Co....in terms of
- Hiring (Numbers & Headhunters used)
- Which groups & Investment Banks are favoured at these firms ?
- Culture / Hours ?
- Pay ?
- Performance ?
Just some general comments:
WL Ross will probably be a solid place in the next few years, as Wilbur will scoop up plenty of downtrodden companies. He's so adept at distressed investing and his track record shows (he didn't make more than a billion dollars just sitting around). You could also get a significant amount of international experience, as his portfolio co's are spread throughout North America, Europe and Asia. While he has plenty of MDs to execute transactions, he's very involved and very sharp.
Ripplewood is another solid place for international experience, as you would find a significant portion of deals sourced in Asia and some also in Europe. Primary investments in Japan and the U.S. Plenty of deals in Japan and notably led the LBO of Reader's Digest in the States. Tim Collins is a very well-respected businessman.
Can't comment too much on Quadrangle, except to state whatever anyone else can find in the public domain - media PE shop, Steven Rattner is a badass, etc. Check out the webpage the ppl's bios to get a sense of from where associates are recruited.
JC Flowers - there was just a thread discussing them very recently. Type it into the search and you should find some information.
are fairly well known. WL Ross will probably be fairly active (and have been recently) given this rise in distress/value investments opportunities and restructurings out there. Quadrangle had a fairly large distressed debt fund, not sure how much they will have their PE fund overlap with it over the next couple of years. Rattner is incredibly well-respected, but they have never done headline deals that many people expected when founded, but still solid place.
JC Flowers is a well respected FIG shop, I know a guy from GS who went there. Smart guys, don't do a ton of deals, but the ones they do are usually pretty successful (obviouslly in the news recently do to Sallie)
Ripplewood-fairly smart guys, made a killing on Shinshei (ridiculous investment, more than Bstone made on Celanese; one of those investments people dream about, like KKR and Safeway). Know a couple of GS people who have went there over last 3 or so years
I feel like you're cutting Ripplewood short here - KKR/Safeway was a grand slam b/c the deal was all leverage-driven. Those guys locked up what might be the most ridiculous post-close leverage of any large-scale deal in history.
Shinsei Bank was a great investment by Ripplewood. Extremely profitable.
Lone Star almost pulled something similar with Korea Exchange Bank, but now the South Koreans are giving them hell. It will be interesting to monitor the situation and see if South Korea wants to damage their rep in the eyes of foreign investors.
Would anyone know people who have got the analyst/associate position at Ripplewood, JC Flowers, WL Ross & Co and Lone Star ?
I am assuming these firms hire very few people with specialized skills (FIG, Industrial LBO's, etc).
Any info would be helpful.
Bump Any thoughts on Ripplewood would be very appreciated! Thanks
Nice - the 13th anniversary bump
Ripplewood stopped raising outside money ~10 years ago. There are a number of shops out there now that were founded by former Ripplewood MDs - Siris, Snow Phipps, One Rock and Mill Point come to mind.
Hi everyone, I will have a modeling interview with one of these shops, and just wondering, what type of modeling questions I should prepare for an FIG specialist PE shop, appreciate any help!
Wow, that top comment on JC Flowers did not age well.
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