Friedman Fleischer & Lowe (FFL Partners) is a private equity firm that specializes in investing in middle-market companies. Established in 1997, FFL Partners is headquartered in San Francisco, California. The firm was founded by Tully M. Friedman, Spencer C. Fleischer, and David H. Lowe, who brought together extensive experience in investment banking, law, and private equity. FFL Partners focuses on growth capital, recapitalizations, management buyouts, and corporate divestitures.
The firm targets investment opportunities in a variety of sectors, including healthcare, consumer products, financial services, business services, and industrial companies. FFL Partners seeks to invest in businesses that have a strong market position, attractive growth prospects, defensible competitive advantages, and experienced management teams.
FFL Partners typically invests between $50 million and $500 million in equity per transaction, depending on the size and needs of the company. The firm is known for its long-term investment horizon and takes an active role in working with its portfolio companies to drive value creation. FFL Partners provides strategic guidance, operational support, and capital for growth initiatives.
Some notable investments and exits by FFL Partners include:
- Tempur Sealy International: A bedding and mattress manufacturer, which FFL Partners exited in 2006.
- Milestone AV Technologies: A provider of audiovisual mounting solutions, which was sold to the Duchossois Group in 2013.
- Korn/Ferry International: A global organizational consulting firm, in which FFL Partners invested from 1999 to 2007.
- EyeCare Partners: A leading provider of integrated eye care services in the United States, which was sold to Partners Group in 2019.
In summary, FFL Partners is a private equity firm that invests in middle-market companies across various sectors. The firm has a long-term investment approach and works closely with its portfolio companies to provide strategic guidance, operational support, and capital for growth initiatives. FFL Partners has built a strong track record of successful investments and value creation through its experienced team and disciplined investment process.
Comments