Centerbridge Partners

375 Park Ave, 11TH Floor
New York, NY 10152

Website: centerbridge.com

Firm Size

• Assets Under Management (AUM):$44.3 Billion
• Number of Funds:82
• Employees:262
• Firm Type:Hedge Fund

Description

Centerbridge Partners, L.P. is a private investment management firm based in New York, NY. The company specializes in leveraged buyouts and distressed investing across various industries. Centerbridge was founded in 2005 and has since grown to become a prominent player in the alternative investment space. The firm focuses on identifying attractive investment opportunities with significant value creation potential. They have a flexible investment approach, allowing them to invest in a wide range of asset classes including private equity, credit, and real estate. Centerbridge typically looks for situations where their operational expertise and strategic insight can help drive transformation and generate attractive returns. Centerbridge has a global reach and has invested in companies across North America, Europe, and Asia. They have a dedicated team of investment professionals with extensive industry experience and a deep understanding of complex investment situations. The firm's portfolio includes a diverse set of businesses, spanning industries such as healthcare, consumer goods, energy, financial services, and technology. Additionally, Centerbridge is known for actively partnering with management teams to implement operational improvements, growth strategies, and long-term value creation initiatives. They pride themselves on their collaborative approach and commitment to building strong relationships with their portfolio companies. In summary, Centerbridge Partners, L.P. is a private investment management firm headquartered in New York, NY. They have a flexible investment approach and expertise in leveraged buyouts and distressed investing. With a global reach and a track record of successfully driving transformation and generating returns, Centerbridge is recognized as a reputable player in the alternative investment space.

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May 16, 2024: Modal and Centerbridge Partners Announce Industrial Outdoor Storage Venture
Modal , a London -based investment and management firm that specializes in the acquisition and management of Industrial Outdoor Storage ("IOS") assets, and Centerbridge Partners, L.P. ("Centerbridge") , a leading global private investment firm with deep experience in real estate, today announced the formation of a joint venture (the "Joint Venture") focused on acquiring IOS properties across the United Kingdom ("U.K."), in addition to the Joint Venture's inaugural acquisition of a 7.4-acre site in Trafford Park, Manchester .

Apr 03, 2024: SUNTEX MARINAS AND CENTERBRIDGE PARTNERS ANNOUNCE JOINT VENTURE TO ACQUIRE OVER $1.25 BILLION IN NEW MARINAS
 Suntex Marina Investors, LLC ("Suntex" or the "Company"), the largest standalone marina owner in the U.S., and Centerbridge Partners, L.P. ("Centerbridge") today announced that they have established a joint venture backed by Centerbridge-affiliated funds and global institutional investors (collectively, "the Investors") to acquire over $1.25 billion in new marinas across the United States . The funds will be used to support new acquisitions and capital improvements at newly acquired facilities, as well as for several new development projects across the United States . The day-to-day operations of the joint venture will be managed by Suntex, for which it will receive customary fees. The transaction further expands Suntex's partnership with Centerbridge, which first invested in the Company in 2021. In connection with the transaction, the Joint Venture also closed on a revolving credit facility of up to $600 million , which was led by Wells Fargo Bank, and also included Bank of America, Truist Bank, BMO Bank and First Horizon Bank.

Apr 02, 2024: Sabre expands its accounts receivable securitization facility to $235 million and increases liquidity
Sabre Corporation (NASDAQ: SABR) ("Sabre" or the "Company"), a leading technology provider to the global travel industry, today announced that its indirect subsidiary, Sabre Securitization LLC, has increased the overall size of its existing accounts receivable securitization facility (the "AR Facility") from $200 million to $235 million and extended its maturity date to March 2027 . The AR Facility now consists of a fully-funded $120 million "first-in, last-out" tranche (the "FILO Facility"), provided by various entities advised by affiliates of Centerbridge Partners, L.P. ("Centerbridge"), and a $115 million revolving tranche provided by the existing lender, PNC Bank N.A. ("PNC"). PNC will continue to act as the administrative agent.

Jan 11, 2024: Newly Launched BDC Overland Advantage Announces Board of Trustees
Overland Advantage, a newly launched business development company that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo & Company, today announced the appointment of its Board of Trustees.

Jan 05, 2024: OTG Announces Strategic Growth Plan to Effectuate Transaction with Investor Consortium and Leadership Transition
 OTG ("OTG" or the "Company"), the hospitality group responsible for transforming the airport dining experience across the country, today announced that it has launched a series of initiatives to position the business for long-term growth and stability. The Company is working collaboratively with a private investor consortium (the "Investor Consortium") led by funds managed by Oaktree Capital Management, L.P. ("Oaktree") and Centerbridge Partners, L.P. ("Centerbridge"), to effectuate a transaction, under which the Investor Consortium will acquire OTG. The Investor Consortium also includes Sculptor Capital L.P., CPPIB Credit Investments III Inc., and Oak Hill Advisors, L.P.

Jun 13, 2023: Sabre Announces Successful Completion of Previously Announced Private Financing and Settlement of Cash Tender to Strengthen Balance Sheet and Improve Free Cash Flow
Sabre Corporation  (NASDAQ: SABR), a leading software and technology provider that powers the global travel industry, announced today the successful completion of a $700M private financing led by Centerbridge and other high quality institutional investors, and the corresponding early tender settlement by purchasing $670 million in principal amount of the 9.250% Senior Secured Notes due 2025 in a cash tender offer.  The transaction enables the company to strengthen its balance sheet by refinancing and extending a significant portion of its capital structure's 2025 maturities and provides financial flexibility and improved free cash flow via a payment-in-kind (PIK) interest toggle through 2025.

May 25, 2023: Sabre Corporation Announces Commitment of a $665 Million Private Financing and Cash Tender Offers by Sabre GLBL Inc. for Existing Secured Debt
Sabre Corporation ("Sabre") (Nasdaq: SABR) today announced its intended refinancing plan to proactively manage and extend the maturity profile of its debt. 

May 09, 2023: Netwrix Announces Strategic Investment from Centerbridge Partners
 Netwrix, a cybersecurity vendor that makes data security easy, today announced a new strategic investment with Centerbridge Partners L.P. (Centerbridge), a global multi-strategy private equity firm. TA Associates (TA), a leading global private equity firm, remains the majority shareholder, with members of Netwrix's senior management team and Updata Partners retaining minority positions in the business.

May 03, 2023: SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INDT, PTRS, FOCS
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Apr 29, 2023: ALERT: The M&A Class Action Firm Continues Investigating the Merger - RADI, INDT, MYBF, PTRS, ROCC
Juan Monteverde , founder and managing partner of the class action firm Monteverde & Associates PC (the "M&A Class Action Firm"), a national securities firm rated  Top 50  in the 2018-2021 ISS Securities Class Action Services Report and headquartered at the  Empire State Building  in New York City , is investigating:

Apr 06, 2023: SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates INDT, FOCS, PTRS, ROCC
Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to: