{{Short description|American investment management firm}} {{Infobox company | name = TowerBrook Capital Partners L.P. | logo = File:TowerBrook Capital Partners (logo).svg | type = Limited partnership | industry = Investment management | predecessor = Soros Private Equity | founded = April 2005 | founders = | hq_location = London and New York City | num_locations = London, New York City, Madrid, Frankfurt | num_employees = 102<ref name=TB1>{{cite web|url=https://www.towerbrook.com/TowerBrook_Responsible_Ownership-2019.pdf| title=Purpose-driven value creation Responsible ownership| date=November 2019| website=Towerbrook.com|access-date=June 1, 2020}}</ref> | areas_served = North America, Europe | key_people = Neal Moszkowski (Founder and Chair)<br>Jonathan Bilzin (co-CEO)<br>Karim Saddi (CFO)<ref>{{cite web|url=https://www.towerbrook.com/us/our-team/?team-division=management-committee&team_location=0&team_name=0|title=Our team|access-date=September 28, 2024}}</ref> | products = Private equity funds, structured opportunities funds | aum = USD$25 billion<ref name=TB1/> | website = {{URL|www.towerbrook.com}} }}
'''TowerBrook Capital Partners, L.P.''' is an investment management firm<ref name=FT1>{{cite news|url=https://www.ft.com/content/c15916ae-714d-11e2-9056-00144feab49a|title=TowerBrook raises $3.5bn fund| last=Chassany| first=Anne-Sylvaine| date=February 7, 2013| publisher=Financial Times| access-date=June 1, 2020}}</ref><ref name=LAT1/> headquartered in London and New York City. TowerBrook spun out of Soros Fund Management in 2005<ref name=FNL1/> and became known for acquiring majority stakes in companies such as Jimmy Choo.<ref name=FT2/> Managing $25+ billion in a number of private equity funds and structured opportunities funds,<ref name=Deadline/> TowerBrook listed 110 investments on its website as of 2025.
==History== ===2005 and prior=== TowerBrook Capital Partners was formed as a spin-off of George Soros' equity management firm.<ref name=FNL1>{{cite news|url=https://www.fnlondon.com/articles/soros-hives-off-private-equity-arm-20050415| title=Soros hives off private equity arm |last=Mawson| first=James| date=April 15, 2005| work=Financial News| access-date=June 1, 2020}}</ref> TowerBrook's co-founders, Neal Moszkowski and Ramez Sousou, had previously served as co-heads of Soros Fund Management's private equity arm, Soros Private Equity (SPEP); SPEP launched its first fund around 2000.<ref name=FNL2/> SPEP was also an early investor<ref name=St.L3/> in companies such as Eircom,<ref name=FNL1/> CSTV Networks, and Cablecom, which it sold to Liberty Global in 2005.<ref name=St.L3>{{cite news|url=https://www.bizjournals.com/stlouis/stories/2006/04/03/story1.html| title=Checketts' team: $2.5 billion equity fund backs new Blues owner |last=Tritto| first=Christopher| date=April 2, 2006| work=St. Louis Business Journal| access-date=June 1, 2020}}</ref> In April 2005,<ref name=FNL1/> Moszkowski and Sousou spun out SPEP from Soros Fund Management to establish TowerBrook Capital Partners in New York and London.<ref name=NYT2/>
===2006–2013=== TowerBrook closed its TowerBrook Investors II LP fund at $1.3 billion in March 2006,<ref name=NYT2>{{cite news|url=https://dealbook.nytimes.com/2006/03/07/soros-spinoff-raises-13-billion-fund/|title=Soros Spinoff Raises $1.3 Billion Fund| date=March 7, 2015| work=The New York Times| access-date=June 3, 2020}}</ref> with George Soros contributing a significant amount.<ref name=FT4>{{cite news|url=https://www.ft.com/content/3e29f3be-83f7-11e1-9d54-00144feab49a| title=TowerBrook raises $2.8bn in less than a year| last=Arnold| first=Martin| date=November 10, 2008| work=Financial Times| access-date=June 4, 2020}}</ref> Later that month, the fund purchased 67% of French engineering company GSE, which had an estimated value of €230 million.<ref name=FNL5>{{cite news| url=https://www.fnlondon.com/articles/towerbrook-in-european-first-with-gse-20060315| title=Towerbrook in European first with GSE| last=Paisner| first=Guy| date=March 15, 2006| work=Financial News London| access-date=June 6, 2020}}</ref> In 2006,<ref name=SBD>{{cite news|url=https://www.sportsbusinessdaily.com/Daily/Issues/2010/05/11/Franchises/Towerbrook-Capital-Partners-Looking-To-Sell-Stake-In-Blues.aspx| title=TowerBrook Capital Partners Looking To Sell Stake In Blues| last=Mickle| first=Tripp| date=May 11, 2010| work= SportsBusiness Journal| access-date=May 31, 2020}}</ref> TowerBrook purchased 75% of the St. Louis Blues National Hockey League team<ref name="NYT1">{{cite news|url=https://dealbook.nytimes.com/2013/05/10/true-religion-to-be-sold-to-towerbrook-for-835-million-2/| title=TowerBrook to Purchase True Religion Apparel for $835 Million | last=Lattman| first=Peter| date=May 10, 2013| work=The New York Times| access-date=May 31, 2020}}</ref> for $150 million, also then purchasing the lease of the Scottrade Center in St. Louis, Missouri.<ref name=Forbes1/> The purchase made TowerBrook "the only private equity firm to own a share in a professional sports team," according to ''Sports Business Daily''.<ref name=SBD/> Also in 2006, TowerBrook raised $850 million from the sale of WellCare Health Plans, and a further $160 million from the disposal of Tradedoubler.<ref name=FNL2>{{cite news| url=https://www.fnlondon.com/articles/towerbrook-makes-12-times-money-on-exit-20060807| title=TowerBrook makes 12 times money on exit| last=Smiddy| first=Oliver| date=August 7, 2006| work=Financial News London| access-date=June 6, 2020}}</ref> After acquisition of clothing company Odlo in 2006,<ref>{{cite web |url=https://www.towerbrook.com/portfolio/odlo/ |title=Odlo |access-date=June 13, 2020}}</ref> in 2007 TowerBrook purchased the designer shoe company Jimmy Choo<ref name=FT4/> for £180 million.<ref name=FT3>{{cite news| url=https://www.ft.com/content/6f45e5b4-411f-11e0-bf62-00144feabdc0| title=TowerBrook set for Jimmy Choo sale| last=Felsted| first=Andrea| date=February 25, 2011| work=Financial Times| access-date=June 4, 2020}}</ref> In 2007, it invested in U.S. company Sound Inpatient Physicians.<ref>{{cite web| url=https://www.globenewswire.com/news-release/2007/02/20/965474/0/en/Sound-Inpatient-Physicians-Announces-Mergers-With-Excelsis-Healthcare-and-Inpatient-Services-P-C.html| title=Sound Inpatient Physicians Announces Mergers With Excelsis Healthcare and Inpatient Services, P.C.| date=February 20, 2007| website=globalnewsire.com| access-date=June 12, 2020}}</ref>
In 2008, TowerBrook raised $2.8 billion from investors for its third fund.<ref name=FT4/><ref name=Reuters>{{cite news| url=https://uk.reuters.com/article/towerbrook-fundraising/towerbrook-capital-closes-third-fund-on-2-8-bln-idUKLA27973220081110| archive-url=https://web.archive.org/web/20200605004946/https://uk.reuters.com/article/towerbrook-fundraising/towerbrook-capital-closes-third-fund-on-2-8-bln-idUKLA27973220081110| url-status=dead| archive-date=June 5, 2020| title=TowerBrook Capital closes third fund on $2.8 bln| last=November 10, 2008| work=Reuters| access-date=June 4, 2020}}</ref> According to ''Financial Times'', the successful fundraising during a difficult economic period was noted as reflecting TowerBrook's sharp decline in its investing pace during a credit boom, while keeping debt for new investments "below the market average."<ref name=FT4/> The fund's first deal was in 2009, when TowerBrook acquired 60% of Autodistribution Group for $139 million,<ref>{{cite news|url=https://www.ft.com/content/f1b9ecf2-0698-11de-ab0f-000077b07658| title=TowerBrook set for takeover of French car parts supplier| last=Arnold| first=Martin| date=March 1, 2009| work=Financial Times| access-date=June 13, 2020}}</ref> selling the stake six years later to Bain Capital.<ref>{{cite news|url=https://www.reuters.com/article/us-autodis-m-a/car-parts-firm-autodis-sets-course-for-french-share-listing-sources-idUSKBN1EC24G|title=Car parts firm Autodis sets course for French share listing: sources| last=González| first=Andrés| date=December 18, 2017| work=Reuters| access-date=June 13, 2020}}</ref> In 2009, TowerBrook founded Haymarket Financial, or HayFin, initially as a corporate lender for small and medium businesses. Investors, including Sunseeker, Ronald Mourad Cohen, Lord Rothschild, and Future Fund, invested a total of $580 million in HayFin in September 2010, raising the lender's equity to about €1 billion.<ref name=FT6>{{cite news|url=https://www.ft.com/content/8d5af0ac-b944-11df-99be-00144feabdc0| title=HayFin receives €450m capital injection| last=Arnold| first=Martin| date=September 5, 2010| work=Financial Times| access-date=June 7, 2020}}</ref> TowerBrook sold its stake in HayFin in 2017.<ref>{{cite news|url=https://mergr.com/british-columbia-investment-management-acquires-hayfin-capital-management| title=British Columbia Investment Management Acquires Hayfin Capital Management| date=January 31, 2017| work=Mergr| access-date=June 7, 2020}}</ref> In 2010, Towerbrook acquired the building company Monier<ref name=FT7>{{cite news|url=https://www.ft.com/content/65a4c2b0-b212-11df-b2d9-00144feabdc0| last=O’Doherty| first=John| title=Southern Cross rejects TowerBrook offer| date=August 27, 2010| work=Financial Times| access-date=June 11, 2020}}</ref> and sold Broadlane Group for $850 million.<ref>{{cite news|url=https://dealbook.nytimes.com/2010/09/14/medassets-to-buy-broadlane-for-850-million/| title=MedAssets to Buy Broadlane for $850 Million| date=September 14, 2010| work=The New York Times| access-date=June 11, 2020}}</ref>
TowerBrook purchased the fashion retailer Phase Eight for £80 million in February 2011.<ref name=Telegraph1>{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11349347/Phase-Eight-sold-to-South-African-retailer.html| title=Phase Eight sold to South African retailer Phase Eight sold for £238m| last=Armstrong| first=Ashley| date=January 15, 2015| work=The Telegraph| access-date=June 4, 2020}}</ref> Three months later,<ref name=NYT3>{{cite news|url=https://dealbook.nytimes.com/2011/05/22/jimmy-choo-sold-to-labelux-for-about-800-million/| title=Jimmy Choo Sold to Labelux for About $800 Million| last=Nicholson| first=Chris V.| date=May 22, 2011| work=The New York Times| access-date=June 4, 2020}}</ref> TowerBrook sold Jimmy Choo,<ref name=FT2>{{cite news|url=https://www.ft.com/content/c04ca84e-7106-11e7-aca6-c6bd07df1a3c| title=Michael Kors to buy shoemaker Jimmy Choo for £896m| last=Ozanian| first=Mike| date=July 25, 2017| work=Financial Times| access-date=June 4, 2020}}</ref> for a reported £500 million.<ref name=FT3/> In 2012, TowerBrook sold part of its stake in the St. Louis Blues<ref name=Forbes1>{{cite news|url=https://www.forbes.com/sites/mikeozanian/2012/05/08/st-louis-blues-being-sold-to-stillman-for-120-million/#2e6d1efc6b97| title=St Louis Blues Being Sold To Stillman For $120 Million| last=Ozanian| first=Mike| date=May 8, 2012| work=Forbes| access-date=June 4, 2020}}</ref> to a consortium of investors, retaining a stake of around 50%.<ref name=St.L2>{{cite news|url=https://www.bizjournals.com/stlouis/blog/2012/05/stillmans-blues-group-raised-72.html|title=Stillman's Blues group raised $72 million to buy team| last=Kurtovic| first=Amir| date=May 17, 2012| work=St. Louis Business Journal| access-date=June 4, 2020}}</ref> Also in 2012, TowerBrook acquired a majority interest in the professional coaching business Vistage International.<ref>{{cite news|url=https://www.sdbj.com/news/2012/nov/01/towerbrook-capital-acquires-majority-interest-vist/|title=TowerBrook Capital Acquires Majority Interest in Vistage International| date=November 1, 2012| work=San Diego Business Journal| access-date=June 13, 2020}}</ref> In 2013, Towerbrook acquired scrap refiner Metallum for £295 million<ref>{{cite news|url=https://www.reuters.com/article/uk-metallum-loans/metallum-buyout-backed-with-295-million-euros-of-debt-idUKBRE96L0L720130722|title=Metallum buyout backed with 295 million euros of debt| last=Ruckin| first=Claire| date=June 22, 2013| work=Reuters| access-date=June 11, 2020}}</ref> and True Religion Apparel for $835 million.<ref name="NYT1"/> That year, the company also sold Rave Cinemas to Cinemark.<ref>{{cite news|url=https://www.toledoblade.com/Economy/2013/06/01/Cinemark-completes-Rave-movie-theater-chain-purchase.html| title=Cinemark completes Rave movie theater chain purchase| last=Chavez| first=Jon| date=June 1, 2013| work=Toledo Blade| access-date=June 11, 2020}}</ref> In early 2013, ''The Financial Times'' wrote that TowerBrook was "defying a depressed fundraising market" by raising $3.5 billion for its new fund,<ref name=FT1/> TowerBrook Investors IV.<ref>{{cite web |url=https://www.towerbrook.com/us/towerbrook-closes-its-fourth-fund/ |title=TowerBrook Closes its Fourth Fund |access-date=February 6, 2013}}</ref> Originally targeted at $3 billion, Fund IV became "considerably oversubscribed", receiving subscriptions of over $5 billion.<ref name=FT1/>
===2014–2020=== In 2014, TowerBrook acquired Independent Clinical Services from The Blackstone Group for $408 million.<ref name=Reuters2>{{cite news|url=https://www.reuters.com/article/ics-loans/rlpc-banks-line-up-loans-for-ics-buyout-idUSL6N0P42O620140623|title=RLPC-Banks line up loans for ICS buyout| last=Ruckin| first=Claire| date=June 23, 2014| work=Reuters| access-date=June 8, 2020}}</ref> In June of that year, TowerBrook portfolio company Volution Group completed an initial public offering (IPO) on the London Stock Exchange,<ref>{{cite news|url=https://www.globalcapital.com/article/lvrj4z57dg12/volution-wraps-ipo-in-a-week-after-pre-marketing-avoids-heavy-trafficl|title=Volution IPO avoids heavy market traffic| last=Flitman| first=Nina| date=June 19, 2014| work=Global Capital| access-date=June 8, 2020}}</ref> diluting TowerBrook’s stake from 85%<ref>{{cite news|url=https://www.ft.com/content/15273c30-f162-11e3-9161-00144feabdc05| title=Volution ready to extract value with UK listing| last=Sharman| first=Andy| date=June 11, 2014| work=Financial Times| access-date=June 13, 2020}}</ref> to 61%.<ref>{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10909067/Extractor-fan-inventor-lists-for-300m-on-LSE.html| title=Phase Eight sold to South African retailer Phase Eight sold for £238m| last=Armstrong| first=Ashley| date=June 18, 2014| work=The Telegraph| access-date=June 13, 2020}}</ref> In 2015, TowerBrook sold Phase Eight, then valued at £300 million, to the Foschini Group of South Africa,<ref name=Telegraph1/> and sold a 10% stake in itself to Wafra Investment Advisory Group "to free up capital to spend on the business."<ref>{{cite news| url=https://blogs.wsj.com/privateequity/2015/01/13/towerbrook-sells-10-stake-to-u-s-firm/| title=TowerBrook Sells 10% Stake to U.S. Firm| last=Javed| first=Ayesha| date=January 15, 2015| work=The Wall Street Journal| access-date=June 14, 2020}}</ref> In November 2015 TowerBrook secured over $800 million<ref name=FNL6>{{cite news|url=https://www.fnlondon.com/articles/towerbrook-structured-opportunities-fund-first-close-20151120|title=TowerBrook's structured opportunities foray beats target| last=Javed| first=Ayesha| date=November 20, 2015| publisher=Financial News London| access-date=June 14, 2020}}</ref> for its new TowerBrook Structured Opportunities Fund,<ref name=Insider>{{cite news|url=https://www.insidermedia.com/insider/yorkshire/towerbrook-invests-in-vehicle-logistics-business| title=Towerbrook Invests in Vehicle Logistics Business| last=Farrell| first=Stephen| date=March 26, 2019| work=Insider Media| access-date=June 14, 2020}}</ref> exceeding its initial target of $600 million.<ref name=FNL6/> Also in 2015, Towerbrook purchased American Apparel business J.Jill<ref name=LAT1>{{cite news|url=https://www.latimes.com/business/la-fi-jjill-acquisition-20150331-story.html|title=Women's retailer J.Jill bought by private equity firm| last=Masunaga| first=Samantha| date=March 31, 2015| work=Los Angeles Times| access-date=May 30, 2020}}</ref><ref>J.Jill - Our history: http://www.jjill.com/jjillonline/Customer/AboutUs.aspx?q=Ourhistory</ref> for around $400 million,<ref>{{cite news| url=https://www.reuters.com/article/jjill-ma-towerbrook/towerbrook-to-acquire-womens-apparel-retailer-j-jill-idUSL3N0WX4RB20150331| title=TowerBrook to acquire women's apparel retailer J. Jill| date=March 31, 2015| work=Reuters| access-date=June 13, 2020}}</ref> and acquired a stake in U.S.-based Accretive Health for $200 million.<ref>{{cite news| url=https://www.bizjournals.com/chicago/news/2015/12/09/accretive-health-gets-a-200-million-investment.html| title=Accretive Health gets a $200 million investment | last=Miller| first=Ben| date=December 9, 2015| work=Chicago business Journal| access-date=June 14, 2020}}</ref> In March 2016, TowerBrook sold the majority of Van Geloven, a Dutch snack maker it had acquired the previous year, to McCain Foods.<ref>{{cite news| url=https://www.dutchnews.nl/news/2016/03/canadian-fry-maker-takes-over-dutch-croquette-company/| title=Canadian fry maker takes over Dutch croquette company| date=March 4, 2016| work=Dutch News| access-date=June 14, 2020}}</ref> In April 2016, TowerBrook announced it was partnering with U.S.-based health system Ascension Health Alliance to develop Ascension's healthcare technology business TRIMEDX.<ref>{{cite news| url=https://www.wsj.com/articles/DJFLBO0120160412ec4cqocjl| title=TowerBrook Investing in Ascension Subsidiary TriMedx | date=April 12, 2016| work=The Wall Street Journal| access-date=June 14, 2020}}</ref> By that summer, the firm had raised a total of $9.4 billion from investors in four private equity funds and one structured opportunities fund, designed to allow the firm to make minority investments.<ref name=FNL4/><ref name=Pitchbook>{{cite news|url=https://pitchbook.com/news/articles/towerbrook-seeks-new-buyout-billions| title=TowerBrook seeks new buyout billions| last=Dowd| first=Kevin| date=February 5, 2018| work=Pitchbook| access-date=June 14, 2020}}</ref>
The firm completed eight investments in 2017,<ref name=Pitchbook/> including purchasing 47% of the aerospace company Aernova<ref>{{cite news|url=https://www.spri.eus/en/internationalisation-communication/american-fund-towerbrook-will-be-the-main-shareholder-in-the-basque-firm-aernnova/| title=American fund TowerBrook will be the main shareholder in the Basque firm Aernnova| last=Dowd| first=Kevin| date=July 1, 2017| work=Grupo SPRI Taldea| access-date=June 14, 2020}}</ref> and acquisition of loyalty services business Rewards Network.<ref>{{cite news|url=https://www.chicagobusiness.com/article/20171003/NEWS07/171009964/sam-zell-sells-rewards-network-to-towerbrook-capital| title=Zell sells Rewards Network to TowerBrook Capital| last=Sweeney| first=Brigid| date=October 3, 2017| work=Crain's Chicago Business| access-date=June 14, 2020}}</ref> TowerBrook retained 50% of J.Jill stock when taking it public on the New York Stock Exchange in March 2017.<ref name=Fortune>{{cite news|url=https://fortune.com/2017/03/09/j-jill-ipo-wall-street-debut/| title=Women's Retailer J.Jill Gets Lukewarm IPO Response| last=Kell| first=John| date=March 9, 2017| work=Fortune| access-date=May 30, 2020}}</ref> Several months later, True Religion filed for bankruptcy protection, stating that TowerBrook would "swap debt into equity, handing them majority control."<ref name=FT5>{{cite news|url=https://www.ft.com/content/18e0fc46-6197-11e7-91a7-502f7ee26895| title=Designer jeans maker True Religion files for bankruptcy| last=Nicolaou| first=Anna| date=July 5, 2017| work=Financial Times| access-date=June 6, 2020}}</ref> The bankruptcy plan was approved by the courts in October 2017,<ref>{{cite news|url=https://www.wsj.com/articles/true-religion-reorganization-plan-wins-confirmation-1507234471| title=True Religion Reorganization Plan Wins Confirmation| last=Rizzo| first=Lillian| date=October 5, 2017| work=The Wall Street Journal| access-date=May 30, 2020}}</ref> with True Religion's debt cut by $354 million.<ref name=Fortune/>
In June 2018, $4.25 billion was raised for a new Towerbrook buyout fund, Towerbrook Investors V. $1.05 billion was also raised for a Structured Opportunities Fund.<ref name=FNL4/><ref name=Pitchbook/> In 2018 and 2019, TowerBrook made significant investments in Validity Finance,<ref>{{cite news|url=https://www.bizjournals.com/chicago/news/2018/06/26/litigation-funding-firm-opening-in-new-york.html| title=Litigation funding firm opening in New York, Chicago, Houston| last=Hartel| first=Heather| date=June 26, 2018| work=Chicago Business Journal| access-date=June 15, 2020}}</ref> GBA Group,<ref name=Insider/> Orchid Underwriters<ref>{{cite news|url=https://www.wsj.com/articles/towerbrook-acquires-orchid-underwriters-from-gryphon-investors-11545349271| title=TowerBrook Acquires Orchid Underwriters From Gryphon Investors| date=December 20, 2018| work=The Wall Street Journal| access-date=June 15, 2020}}</ref> and Studio Movie Grill.<ref name=Deadline>{{cite news|url=https://deadline.com/2019/04/studio-movie-grill-gets-100m-investment-from-towerbrook-capital-1202587317/| title=Studio Movie Grill Gets $100M Investment From TowerBrook Capital| last=Hayes| first=Dade| date=April 2, 2019| work=Deadline| access-date=June 14, 2020}}</ref> TowerBrook listed 30 active investments on its website in 2020, among them KeHe Distributors, BevMo!, and OVH.<ref>{{cite web |url=https://www.towerbrook.com/portfolio/|title=Sector expertise |website=towerbrook.com| access-date=June 15, 2020}}</ref><ref name=Deadline/> In 2019, Towerbrook became the first "mainstream private-equity shop" to be certified as a B corporation.<ref name=WSJ2>{{cite news|url=https://www.wsj.com/articles/towerbrook-is-first-buyout-firm-to-earn-ethical-business-certification-11549616400| title=TowerBrook Is First Buyout Firm to Earn Ethical Business Certification| last=Louch| first=Will| date=February 8, 2019| work=The Wall Street Journal| access-date=June 6, 2020}}</ref> In October 2019 it was reported that TowerBrook and Ascension Health were co-investing in the hospice company Compassus through Ascension TowerBrook Healthcare Opportunities (ATHO), a new joint venture.<ref>{{cite news|url=https://hospicenews.com/2019/10/01/towerbrook-ascension-health-to-acquire-compassus-for-1-billion%EF%BB%BF/| title=Towerbrook, Ascension Health to Acquire Compassus for $1 Billion| last=Parker| first=Jim| date=October 1, 2019| work=Hospice News| access-date=June 13, 2020}}</ref> In February 2020, the company was researching a sale of Independent Clinical Services.<ref>{{cite news|url=https://www.telegraph.co.uk/finance/newsbysector/banksandfinance/10909067/Extractor-fan-inventor-lists-for-300m-on-LSE.html| title=TowerBrook hires bankers for £800m sale of health recruiter IC| last=Mkandawire| first=Vinjeru| date=February 3, 2020| work=The Telegraph| access-date=June 13, 2020}}</ref>
==Business model== TowerBrook operates two fund types, private equity and structured opportunities.<ref name=FNL4/> TowerBrook's website states that its private equity strategy is "based on the focused, proprietary sourcing of selected, control-oriented" investments<ref name=TBabout>{{cite web |url=http://www.towerbrook.com/about-us/ |title=About Us - Our Strategy, Private Equity, Structured Opportunity |access-date=June 9, 2020}}</ref> in large and midsize companies,<ref name=FNL4>{{cite news|url=https://www.fnlondon.com/articles/private-equity-firm-towerbrook-raises-5-3bn-for-two-funds-20180626|title=Private equity firm Towerbrook raises $5.3bn for two funds| last=Louch|first=Will| date=June 26, 2018| work=Financial News London| access-date=June 8, 2020}}</ref> where the firm has “identified scope for significant further improvement and value creation."<ref name=TBabout/> The firm's Structured Opportunities Funds make minority investments in a range of businesses,<ref name=FNL4/> "principally via structured asset and structured equity investments."<ref name=TBabout/> The firm publishes an annual "Responsible Ownership Report",<ref>{{cite web |url=https://www.towerbrook.com/responsible-ownership/ |title=Responsible Ownership| website=Towerbrook.com| access-date=June 9, 2020}}</ref> and is a signatory to the United Nations Principles for Responsible Investment Initiative (PRI).<ref>{{cite web |url=https://www.unpri.org/signatory-directory/towerbrook-capital-partners/2638.article |title=TowerBrook Capital Partners| date=June 7, 2017| website=unpri.org| access-date=June 9, 2020}}</ref> Towerbrook is a certified B Corporation.<ref name=WSJ2/>
==Locations== TowerBrook is co-headquartered in London, England and New York City.<ref name=SBD/>
== Key people == The firm is led by its founders, Neal Moszkowski, and Ramez Sousou, who are its co-chairs and co-CEOs<ref name="NYT1"/> and are based in New York and London, respectively.<ref name=NYT2/>
== Philanthropy == The TowerBrook Foundation is a charitable organization established by the partners of the firm in 2006.<ref>TowerBrook Foundation IRS filing (US), Internal Revenue Service: https://www.irs.gov/charities-non-profits/copies-of-scanned-eo-returns-available</ref> It has donated to nonprofits such as City Year<ref>TowerBrook Foundation supports City Year (US and UK): http://www.cityyear.org.uk/about-city-year-uk/annual-report/ City Year Annual report 2018.</ref> and Habitat for Humanity.<ref>{{cite web|url=https://www.bizjournals.com/stlouis/stories/2010/05/10/daily21.html|title=2018 Annual Report| date=2019| website=habitatnyc.org| access-date=June 11, 2020}}</ref>
==See also== *List of private equity firms *List of companies based in London *List of companies based in New York City
==References== {{reflist}}
==External links== * [http://www.towerbrook.com/ TowerBrook Capital Partners L.P.]
{{private equity firms}}
Category:Private equity firms of the United States Category:Financial services companies established in 2001 Category:Companies based in New York City Category:Companies based in London