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270:. The firm took Dr Pepper/7 Up public just 18 months after merging the two companies. In all, Hicks & Haas turned an $ 88 million investment funding into $ 1.3 billion. The pair split up in 1989; Hicks wanted to raise a large pool to invest, but Haas preferred to work deal by deal. Robert Haas went on to form
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companies. The firm's reputation and market position were both damaged by the loss of over $ 1 billion from minority investments in six telecommunications and 13 Internet companies at the peak of the 1990s stock market bubble as well as several traditional buyouts that ended in bankruptcy (e.g.,
317:'s connector systems unit in 1993, renamed it Berg Electronics, added six more companies to it, and doubled its earnings before selling it in 1998. Not every acquisition was successful for Hicks Muse. Less-than-successful purchases included bankrupt brewer
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In 1997 Chancellor and
Evergreen Media merged to form Chancellor Media (renamed AMFM in 1999). The next year Hicks Muse continued buying US and Latin American media companies, as well as a few oddities (a
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was acquired by HM Capital
Partners. Located in Manawa, Wisconsin, Sturm Foods specializes in the manufacturing of bulk goods such as oatmeal and markets several sugar-free products under private labels.
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company), Regency Gas
Services (gas processing and distribution), and Centennial Puerto Rico Cable TV (Puerto Rican cable television company). It also agreed to buy a majority stake in trendy luxury
332:
with its purchases of cash-starved
Mexican companies, including Seguros Commercial America, one of the country's largest insurers. That year it also brought International Home Foods (Jiffy Pop,
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resigned from Hicks Muse at the end of 2004 and was replaced at the helm by co-founder John Muse. Hicks would go on to found Hicks
Holdings LLC. Charles Tate resigned from Hicks Muse in 2002.
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fund. They also invested $ 400 million into
Teligent, Inc., a fixed wireless telecommunications carrier. Teligent filed for bankruptcy in 2001 and is now defunct.
364:. Regal filed for bankruptcy protection in 2001. The company that year also moved into the depressed energy field (Triton Energy) and formed a $ 1.5 billion
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626:"Private Equity Investor and Wildlife Photographer Robert Haas Delivers Leaders Forum Lecture on Navigating Life in Financial Sector"
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In 2013, HM Capital began dissolving. The energy group spun out as
Tailwater Capital and the food group spun off as Kainos Capital.
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and the new group of partners heading the firm. HM Capital appears to be overcoming initial obstacles, raising new capital from
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and
Perrier-Jouët (it quadrupled its investment when it sold the champagne houses in late 2000). Lured by low stock prices on
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255:. (This would be the first of several media companies bought or created by the buyout firm that involved Steven Hicks.)
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The buyout firm's
Chancellor Media radio company went public in 1996. That year Hicks Muse gained entry into
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subsequently acquired US directories publisher McLeodUSA for about $ 600 million, and floated in 2003.
17:
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In March 2006, Hicks Muse Tate & Furst changed its name to HM Capital reflecting the departure of
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as Hicks, Muse & Co. and was changed in 1994 to reflect the roles of
Charles Tate and Jack Furst.
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485:(creamed rice and puddings) and Brown & Polson, rounded out Premier Foods' portfolio in 2003.
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Securities banker John Muse to form Hicks Muse. Early investments included Life Partners Group (
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387:(REITs), the company agreed to buy Walden (formerly Walden Residential Properties) that year.
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Acquisitions in 1999 included UK food group Hillsdown Holdings, one-third of Mexican
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Hicks, Muse, Tate & Furst logo prior to the change of the firm's name in 2006
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Acquisitions in 2004 included Kerns Oil & Gas (renamed Blackbrush Energy --
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In January 2005, the company's European arm, separated from Hicks Muse to form
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Hicks Muse struggled in the years immediately following the bursting of the
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maker Grupo Minsa, and (just in time for millennial celebrations) popular
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Hicks & Haas' biggest coup was its mid-1980s acquisition of several
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507:. Disposals during the year included the company's remaining stake in
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for roughly $ 3.5 billion, making it the largest non-corporate
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software maker, a Danish seed company, and US direct-seller
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Hicks raised $ 250 million in 1989 and teamed with former
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As part of its buy-and-build strategy, Hicks Muse bought
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748:"HM Capital energy group spins out as Tailwater Capital"
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Deal Journal Remember Hicks Muse? They're Back (Sort of)
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casualties, having invested heavily in technology and
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Financial services companies disestablished in 2013
773:"End may be near for zombie private equity funds"
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187:firm in the United States that specialized in
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834:Private equity firms of the United States
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548:, Viasystems Group, International Wire.
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247:in 1984; the next year that firm bought
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57:Hicks Muse Tate & Furst (1994-2006)
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844:American companies established in 1984
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674:Will He Star Again In a Buyout Revival
580:, its first in more than five years.
231:as a member of First National Bank's
710:Parting Thoughts from an LBO Hotshot
356:operations to form the US's largest
282:Hicks, Muse, Tate & Furst (HMTF)
662:Even the Smartest Money Can Slip Up
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191:. The firm was previously known as
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698:An LBO Giant Goes "Back to Basics"
601:"Business Secrets of a Lion Tamer"
398:'s yellow page directory business
25:
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511:and its stake in Premier Foods.
390:Hicks Muse, along with UK-based
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809:Hicks Holdings Official Website
771:Jacobius, Arleen (2013-06-10).
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722:A different name for Hicks Muse
310:'s Jack Furst became partners.
54:Hicks, Muse & Co. (1989-94)
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686:Forbes Faces: Thomas O. Hicks
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385:real estate investment trusts
193:Hicks, Muse, Tate & Furst
529:internet and telecom bubbles
336:) into the Hicks Muse fold.
302:, 1990; sold 1996). In 1991
195:. It was founded in 1989 by
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746:Bounds, Jeff (2013-03-19).
724:(Dallas Morning News, 2006)
650:Hicks Muse dons Jimmy Choos
319:G. Heileman Brewing Company
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777:Pensions & Investments
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51:Hicks & Haas (1984-89)
839:Companies based in Dallas
630:Yale School of Management
523:HM Capital and Successors
272:Haas Wheat & Partners
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346:Home Interiors and Gifts
752:Dallas Business Journal
574:institutional investors
535:as the highest profile
350:Kohlberg Kravis Roberts
31:HM Capital Partners LLC
676:(New York Times, 2003)
664:(New York Times, 2001)
419:Crosse & Blackwell
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27:US private equity firm
531:was often cited with
406:in European history.
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227:became interested in
712:(BusinessWeek, 2002)
700:(BusinessWeek, 2002)
563:private equity funds
413:Hicks Muse acquired
323:La Crosse, Wisconsin
306:'s Charles Tate and
249:Hicks Communications
578:private equity fund
276:private equity firm
181:HM Capital Partners
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576:for a $ 1 billion
541:telecommunications
348:). Hicks Muse and
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262:makers, including
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278:based in Dallas.
229:leveraged buyouts
189:leveraged buyouts
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161:Leveraged buyouts
16:(Redirected from
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498:cable television
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212:Hicks & Haas
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632:. 2010-01-08
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139:Headquarters
112:Charles Tate
65:Company type
516:Sturm Foods
490:natural gas
241:Robert Haas
104:Robert Haas
818:Categories
782:2015-04-19
757:2015-04-19
636:2021-10-05
611:2021-10-05
605:D Magazine
587:References
505:Jimmy Choo
496:(Canadian
459:Rowntree's
400:Yell Group
296:Prudential
260:soft drink
115:Jack Furst
18:Hicks Muse
570:Tom Hicks
552:Tom Hicks
502:shoemaker
465:) to the
431:marmalade
394:, bought
377:champagne
264:Dr Pepper
225:Tom Hicks
201:John Muse
197:Tom Hicks
134:Dissolved
108:John Muse
100:Tom Hicks
483:Ambrosia
479:Unilever
469:stable.
451:Sarson's
366:European
157:Products
93:Founders
75:Industry
45:Formerly
494:Persona
455:vinegar
435:Sun-Pat
427:Chivers
379:brands
360:chain,
358:theater
243:formed
235:group.
223:owner,
207:History
171:Website
123:Defunct
85:Founded
607:. 2013
473:maker
471:Cereal
457:) and
443:Gale's
415:Nestlé
354:cinema
315:DuPont
253:Steven
183:was a
463:jelly
447:honey
373:flour
237:Hicks
218:Texas
509:Yell
477:and
408:Yell
381:Mumm
268:7 Up
266:and
239:and
199:and
131:Fate
126:2013
88:1984
449:),
441:),
433:),
404:LBO
321:of
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342:UK
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