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Draft:CHS Capital

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CHS Capital
TypeLimited liability company
IndustryPrivate Equity
PredecessorCode Hennessy & Simmons
Founded1988
FounderAndrew W. Code, Daniel J. Hennessy, Brian P. Simmons
HeadquartersChicago, Illinois, United States
ProductsPrivate equity funds, Leveraged buyout, Growth capital
Total assets$2.9 billion
Number of employees
30
Websitewww.chsonline.com

CHS Capital (formerly Code Hennessy & Simmons) was a private equity investment firm focusing on leveraged buyout and growth capital transactions. It wound down in 2013.

The firm is headquartered in Chicago, Illinois with approximately 30 employees. Among CHS’s most notable investments are American Laser Centers, Otis Spunkmeyer and AMF Bowling.

History

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Code Hennessy & Simmons was founded in 1988 by Andrew W. Code, Daniel J. Hennessy and Brian P. Simmons. The three founders had previously worked together in Citicorp’s Leveraged Capital Group in Chicago, Illinois.

Since its inception in 1988, CHS Capital has raised a total of $2.9 billion in capital across five private equity funds:

File:Code Hennessy Logo.png
Code Hennessy & Simmons logo prior to the firm's relaunch as CHS Capital
  • 1989 – CHS Fund I - $82.5 million
  • 1994 – CHS Fund II - $155 million
  • 1997 - CHS Fund III - $350 million
  • 1999 - CHS Fund IV - $1.0 billion
  • 2005 - CHS Fund V - $1.3 billion

In mid-2010, the firm which operated as Code Hennessy & Simmons for over 20 years, changed its name to CHS Capital.

In February, 2013, CHS Capital announced that it would wind down[1]

References

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  1. "Exclusive: CHS Capital to wind down - the Term Sheet: Fortune's deals blogTerm Sheet". CNNMoney.
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Category:Private equity firms of the United States Category:Companies established in 1988 Category:Companies based in Chicago