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Private Equity · Profile from Private Equity Research Companion

GTCR (1980 – present)

Chicago-based private equity firm, originally Golder, Thoma & Co., later Golder, Thoma, Cressey, Rauner and GTCR Golder Rauner. Known for its "Leaders Strategy" — partnering with proven executives before identifying a target, then building platforms through acquisitions — in four core sectors: Business & Consumer Services, Financial Services & Technology, Healthcare, and Technology, Media & Telecommunications. Its family tree also produced Thoma Bravo and Cressey & Company. Fund XIV (2023) closed at a hard cap of $11.5 billion; the firm reports $45bn+ of capital raised since inception (approximate).

9 deals and moves analysed

Each one gets a full strategy file in the companion: context, the decision, the financing, what happened, and the lesson.

  1. 1981

    Paging Network

    Venture-to-Buildout Platform

  2. 1995

    Coinmach

    Management-Partnered Buy-and-Build

  3. 2005

    Sorenson Communications

    Regulated-Revenue Buyout

  4. 2012

    Zayo Group

    Growth Equity to Fund a Transformative Fiber Acquisition

  5. 2014

    Callcredit

    UK Credit Bureau Buyout

  6. 2014

    Cision Vocus

    Dual Take-Private, Merger, Roll-Up and SPAC Exit

  7. 2014

    Maravai LifeSciences

    Leaders-Strategy Formation and COVID-Era IPO

  8. 2016

    Lytx

    Take-Out of a Video-Telematics Leader

  9. 2023

    Worldpay

    Majority Carve-Out from FIS