One Equity Partners

In 2006, One Equity, together with The Blackstone Group and Technology Crossover Ventures, acquired Travelport from Cendant in a $4.3 billion buyout. The company owns Worldspan and Galileo as well as approximately 48% of Orbitz Worldwide. The sale of Travelport followed the spin-offs of Cendant's real estate and hospitality businesses, Realogy Corporation and Wyndham Worldwide Corporation, respectively, in July 2006.Sachdev, Ameet. [https://web.archive.org/web/20121020074518/http://www.highbeam.com/doc/1G1-147699028.html " Orbitz travels to 4th owner: Blackstone Group to buy from Cendant."], Chicago Tribune, July 1, 2006. Accessed September 15, 2007.Fineman, Josh. [https://www.bloomberg.com/apps/news?pid=20601087&sid=a5zd1iiOoP5g&refer=home "Cendant to sell Orbitz to Blackstone for $4.3 Bln"], Bloomberg.com, June 30, 2006. Accessed September 15, 2007. Later in the year, TPG and Silver Lake would acquire

Travelport's chief competitor Sabre Holdings.

Among One Equity's other notable investments include Polaroid Corporation, which was sold in 2005 at a significant gain,[https://query.nytimes.com/gst/fullpage.html?res=9C07E2DD103EF93BA15755C0A9649C8B63 BANK ONE EQUITY UNIT IS TOP BIDDER FOR POLAROID ASSETS]. New York Times, June 28, 2002[https://query.nytimes.com/gst/fullpage.html?res=9C03E7D81730F93BA25752C0A9659C8B63 VALUE OF POLAROID ASSETS WILL BE RE-EXAMINED]. New York Times, January 18, 2003[https://query.nytimes.com/gst/fullpage.html?res=9E00EED61139F93BA35752C0A9639C8B63 Polaroid Being Acquired for $426 Million]. New York Times, January 8, 2005 as well as: Apollo Hospitals, CWT, Clipper Windpower, NCO Group,[https://www.nytimes.com/2006/07/25/business/25deal.html Outsourcing Company to Be Acquired]. New York Times, July 25, 2006 Pfleiderer, Systagenix Wound Management, SGB-SMIT Group, ThyssenKrupp Marine Systems, Vertrue, X-Rite, Orion Inc., Italian system integrator Engineering Ingegneria Informatica, Sonneborn LLC (sold in 2019), Lutech, and VASS.{{Cite web |last=Group |first=IT Digital Media |date=2021-01-04 |title=One Equity Partners compra una participación mayoritaria de la consultora VASS {{!}} Actualidad |url=https://www.ituser.es/actualidad/2021/01/one-equity-partners-compra-una-participacion-mayoritaria-de-la-consultora-vass |access-date=2023-11-29 |website=IT User |language=es}} In March 2021, One Equity agreed to sell Lutech to Apax Partners.{{Cite web |date=16 March 2021 |title=Funds advised by Apax to acquire Lutech |url=https://www.privateequitywire.co.uk/funds-advised-apax-acquire-lutech/ |access-date=31 January 2023 |website=Private Equity Wire}}

{{history of private equity and venture capital}}

One Equity Partners was founded in 2001 by Dick Cashin to serve as the private equity investment arm of Bank One. Cashin had previously served as president of Citicorp Venture Capital, the predecessor of Court Square Capital Partners and CVC Capital Partners, where he worked for Bank One's then CEO, Jamie Dimon.

In 2002, former Ford Motor Company CEO Jacques Nasser joined One Equity. He would serve as chairman of Polaroid Corporation. Nasser was involved in 2006, when One Equity was speculated as one of several potential private equity bidders for Jaguar Cars.[https://www.independent.co.uk/news/business/news/on-your-marques-former-ford-chief-nasser-eyes-up-jaguar-413449.html On your marques: former Ford chief Nasser eyes up Jaguar]. The Independent, August 26, 2006.

In 2004, JPMorgan Chase completed its acquisition of Bank One. Prior to the merger, JPMorgan had its own in-house private equity investment group, JPMorgan Partners. JPMorgan Partners was significantly larger than One Equity and focused on larger transactions. One Equity was ultimately designated as the exclusive private equity platform for JPMorgan Chase, at which point JPMorgan Partners formalized plans to spin out of JPMorgan Chase and was renamed CCMP Capital.[http://www.privateequityonline.com/Article.aspx?article=13993&hashID=77C941B60B57FF9C75158E8DC627591A95B628F2 Bear Stearns private equity units face uncertain future] {{Webarchive|url=https://web.archive.org/web/20090909012542/http://www.privateequityonline.com/Article.aspx?article=13993&hashID=77C941B60B57FF9C75158E8DC627591A95B628F2 |date=2009-09-09 }} (Private Equity Online, 2008) In 2008, when JPMorgan Chase acquired Bear Stearns' private equity platform, Bear Stearns Merchant Banking, One Equity was once again designated the exclusive private equity arm for the combined firm.{{Cite news| url = https://blogs.wsj.com/deals/2008/03/18/what-happens-to-bear-stearns-merchant-banking-arm/ |title=What Happens to Bear Stearns' Merchant Banking Arm?|author=Peter Lattman|publisher=The Wall Street Journal |date =March 18, 2008}}

In 2014, it was announced that J.P Morgan was to sell off half of its stake in One Equity Partners.{{Cite news |last=Glazer |first=Emily |last2=Dezember |first2=Ryan |date=2014-08-11 |title=J.P. Morgan to Sell Roughly Half Its Stake in One Equity Partners |language=en-US |work=Wall Street Journal |url=https://www.wsj.com/articles/j-p-morgan-to-sell-roughly-half-its-stake-in-one-equity-partners-1407784520 |access-date=2017-09-25 |issn=0099-9660}}{{Cite web |title=JP Morgan to spin off PE division |url=https://www.financierworldwide.com/jp-morgan-to-spin-off-pe-division |access-date=2023-10-27 |website=Financier Worldwide |language=en-US}}

In 2018, One Equity Partners acquires majority share in Ericsson Media Solutions,{{Cite news| url = https://www.privateequitywire.co.uk/2018/01/31/260753/one-equity-partners-acquires-majority-share-ericsson-media-solutions |title=One Equity Partners acquires majority share in Ericsson Media Solutions|publisher=privateequitywire |date =December 31, 2018}} which is the media business of Ericsson composed of many previous acquisitions, yet a small part of Ericsson.{{Cite news| url = https://www.broadbandtvnews.com/2018/01/31/ericsson-sells-media-services/ |title=Ericsson sells Media Solutions to One Equity Partners|publisher=broadbandtvnews |date =December 31, 2018}} According to Ericsson, deal closing was expected in Q3 2018.{{Cite news| url = https://www.ericsson.com/en/news/2018/1/ericsson-media-solutions |title=Ericsson brings in One Equity Partners as partner in growth of Media Solutions|author=Ericsson|date =December 31, 2018}}

In 2006 One Equity Partners purchased Pennsylvania-based NCO Group, "which posted $1.56 billion in revenue last year, making it the largest debt-collection company." According to a J.P. Morgan spokesman, by 2010 the company was "winding down the debt-buying side and will focus on debt collection".

{{Portal|Companies}}

• Bear Stearns Merchant Banking
• CCMP Capital

{{reflist|2}}

• [http://www.altassets.com/news/arc/2004/nz5447.php JP Morgan may spin off One Equity Partners]. September 13, 2004
• [http://www.altassets.com/news/arc/2005/nz6399.php JPMorgan's buy-out unit to become an independent firm]. March 2, 2005
• [http://www.allbusiness.com/banking-finance/financial-markets-investing/5026126-1.html JPMorgan Chase Announces Changes to Private Equity Business]. March 1, 2005

• [http://www.oneequity.com One Equity Partners] (company website)

{{Private equity firms}}

{{Merchant banking private equity groups}}

{{JPMorgan Chase}}

Category:Financial services companies established in 2001

Category:JPMorgan Chase

Category:Private equity firms of the United States

Category:Debt buyers

Category:Debt collection