GI Partners explained

GI Partners
Type:Limited Partnership
Foundation:[1]
Founder:Rick Magnuson
Location:Four Embarcadero Center
San Francisco, California, United States
Industry:Private Equity
Products:private equity funds
Aum:$42 billion

GI Partners is a middle market private equity firm based in San Francisco, California.

Description

Founded in 2001, GI Partners is a private investment firm with over 100 employees with offices in San Francisco, New York, Chicago, Greenwich, CT, and Scottsdale, AZ. The firm has raised over $29 billion in capital from leading institutional investors around the world to invest in private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, IT infrastructure, services, and software sectors. The real estate team focuses primarily on technology and life sciences properties as well as other specialized types of real estate. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy.

In March 2018, GI Partners acquired a majority stake in Doxim from Strattam Capital.[2]

In January 2020, GI Partners acquired a majority interest in DRFortress, the largest data center operator based in Hawaii.[3]

In November 2020, bought Valet Living, the largest amenities provider to the multifamily housing industry in the US. It was founded in 1995[4]

In April 2022, GI Partners announced its agreement to acquire the US based cloud software solutions company GTY Technology Holdings Inc. Upon completion of the transaction GTY will become a privately held company, with the agreement stating shareholders will gain $6.30 per share of GTY stock.[5]

In December 2023, GI Partners acquired DQE Communications for an undisclosed amount.[6]

External links

Notes and References

  1. Web site: Overview . 2008-07-28 . https://web.archive.org/web/20080725171033/http://www.gipartners.com/about.aspx . 2008-07-25 . dead .
  2. Web site: Doxim Announces Majority Recapitalization From Strattam Capital to GI Partners News GI Partners. 2021-02-17. www.gipartners.com. en.
  3. Web site: GI Partners acquires Hawaii data centre company DR Fortress. 2020-01-16. Data Economy. en-GB. 2020-03-30.
  4. Web site: REW. 2020-11-24. Ares Management, Harvest sell Valet Living to GI Partners. 2020-11-29. Real Estate Weekly. en-US.
  5. 29 April 2022. GTY Technology Holdings Inc. Enters Agreement to be Acquired by GI Partners. Business Wire. 5 May 2022.
  6. Web site: DQE Communications To Be Acquired by GI Partners . 2023-12-19 . www.prnewswire.com . en.