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Credit Suisse Spins Off Buyout Business Into Independent Advisory Firm
Eliane Chavagnon
2 April 2014
Credit Suisse has spun off its mid-market leveraged buyout business, DLJ Merchant Banking Partners, into an independent advisory firm called aPriori Capital Partners. The new firm was established by the existing DLJ MBP management team and is led by Colin Taylor and Susan Schnabel. aPriori Capital will manage the DLJ Merchant Banking Partners III and DLJ Merchant Banking Partners IV private equity funds as well as the MBP Funds, which collectively represent approximately $2 billion across 22 portfolio companies Taylor and Schnabel, co-heads of DLJ MBP, will continue to manage the MBP Funds and lead aPriori Capital. All other investment professionals comprising the DLJ MBP management team are joining aPriori. The new firm will continue to operate from offices in New York, Los Angeles and London. The spin off is part of Credit Suisse's previously-announced divestment plans.