& lowe type private llc industry private equity founded 1997 founder tully friedman spencer fleischer david lowe christopher masto headquarters san francisco california united states products leveraged buyout growth capital aum n a total assets 4.6 billion 1 number of employees 30 2015 website www.fflpartners.com friedman fleischer & lowe ffl is an american private equity firm founded in 1997 by tully friedman 2 spencer fleischer 3 david lowe and christopher masto . 4 the firm makes investments primarily through leveraged buyouts and growth capital investments and is focused on investing in the u.s. middle market . 5 6 ffl has focused its efforts on several core target industries including healthcare services financial services business services and consumer products . ffl is based in san francisco and employs over 20 investment professionals . since inception ffl has raised approximately 4.6 billion of investor commitments . hec dow jones s private equity performance ranking lists the world s top private equity firms in terms of aggregate performance and has listed ffl in the past three years including the top overall ranking globally in 2012 ranked 1 in 2012 7 ranked 2 in 2011 8 ranked 11 in 2010 9 contents 1 history 2 investment holdings 3 people 4 references 5 external links history edit ffl was founded in 1997 by tully friedman together with spencer fleischer david lowe and christopher masto . prior to founding ffl in 1984 tully friedman had co founded hellman & friedman one of the largest private equity firms globally with warren hellman . in contrast to hellman & friedman ffl focuses on smaller middle market deals . spencer fleischer was a former member of morgan stanley s investment bankng operating committee and the head of investment banking in asia head of corporate finance for europe head of uk corporate finance head of investment banking in los angeles and head of corporate finance in san francisco . 10 david lowe was chairman and ceo of medical equipment maker adac laboratories . 11 christopher masto was a bain & company consultant and previously an investment banker at morgan stanley . 12 13 investment holdings edit ffl invests through a series of private equity funds structured as limited partnerships and its investors include a variety of pension funds endowments and other institutional investors . the firm s first private equity fund friedman fleischer & lowe capital partners closed in september 1999 with 333 million of investor commitments . 14 almost five years later the firm completed raising 811 million of investor commitments for its second fund friedman fleischer & lowe capital partners ii in june 2004 . in 2007 the firm raised its third investment fund friedman fleischer & lowe capital partners iii with 1.5 billion of investor commitments . 15 the following are among the firm s most notable current and previous portfolio companies capitalsource 16 chi overhead doors 17 18 church s chicken 19 discovery foods 20 geovera 21 guardian home care 22 23 korn ferry 24 midwest dental 25 26 milestone av technologies 27 tempur pedic 28 tritech software systems 29 wellstreet 30 wilton re 31 people edit ffl s team consists of experienced professionals with diverse backgrounds in operational and strategic management investment banking private equity investing and consulting . the firm s principals have invested over 2.5 billion in over 50 companies and have over 100 years of collective experience as investors senior operating executives and advisors . investment principals tully m. friedman 32 hellman & friedman co founder ; salomon brothers managing director spencer fleischer 33 morgan stanley member of investment banking operating committee & managing director chris masto 34 bain & company ; morgan stanley rajat duggal bain capital ; kirkland & ellis ; deloitte & touche nancy graham ford thomas h. lee partners ; goldman sachs aaron s. money db capital ; chase securities cas schneller gtcr ; william blair john tudor bain capital ; monitor company operating partners bob keegan 35 goodyear tire chairman & ceo ; kodak president consumer imaging ; avery dennison global strategy officer jeff lane 36 37 boise inc. senior vice president & general manager ; mckinsey & company managing director rick lenny 38 the hershey company chairman president & ceo ; nabisco biscuit company president ; pillsbury north america president john roach 39 builders firstsource chairman ceo and founder ; fibreboard corporation chairman president & ceo ; johns manville cfo ; unidare us executive chairman & ceo jack scott 40 heidrick and struggles managing partner ; korn ferry partner references edit capital raised since inception in 1997 bloomberg businessweek executive profile tully michael friedman bloomberg businessweek executive profile spencer c. fleischer bloomberg businessweek executive profile christopher a. masto ffl completes acquisition of midwest dental . mergers & acquisitions april 18 2011 consistent performers shine through in annual private equity rankings . financial news november 5 2012 1 2 3 bloomberg businessweek executive profile spencer c. fleischer bloomberg businessweek executive profile david lowe bloomberg businessweek executive profile christopher a. masto patience pays off for friedman fleischer & lowe s masto . dow jones private equity analyst november 23 2011 s.f. buyout firm closing in on 150m cap for dedicated fund . october 4 1999 riding sallie mae wave friedman fleischer plans new fund . wall street journal july 20 2007 4 5 friedman fleischer & lowe completes deal for midwest dental . dow jones lbo wire april 18 2011 church s chicken sold . archived from the original on april 15 2011 . retrieved february 23 2013 . 6 friedman fleischer & lowe and hellman & friedman complete acquisition of catrisk operation of st. paul travelers . nov 2 2005 oak hill s accentcare buys guardian home care from ffl . retrieved february 23 2013 . 7 8 friedman fleischer & lowe completes deal for midwest dental . dow jones lbo wire april 18 2011 friedman fleischer lowe acquires midwest dental . mergers & acquisitions report april 7 2011 9 10 11 12 13 bloomberg businessweek executive profile tully michael friedman bloomberg businessweek executive profile spencer c. fleischer bloomberg businessweek executive profile christopher a. masto q & a with ex goodyear ceo bob keegan . wall street journal deal journal october 28 2011 bloomberg businessweek executive profile jeffrey phillip lane friedman fleischer adds operating partner . dow jones lbo wire june 23 2011 former hershey chief joins friedman fleischer & lowe . new york times dealbook may 16 2012 bloomberg businessweek executive profile john roach bloomberg businessweek executive profile jack scott sallie s fourth horseman friedman fleischer & who . wall street journal april 16 2007 family struggle a company s fate . new york times december 2 2001 former hershey chief joins friedman fleischer lowe . new york times may 16 2011 external links edit friedman fleischer & lowe official website v t e private equity and venture capital investment firms investment strategy venture growth mezzanine secondaries leveraged buyout history history of private equity and venture capital early history of private equity private equity in the 1980s private equity in the 1990s private equity in the 2000s investors angel investor corporate venture capital commercial bank crowdfunding institutional investor insurance company investment bank endowment family office fund of funds high net worth individual merchant bank pension fund sovereign wealth fund private equity firms venture capital firms portfolio companies retrieved from https en.wikipedia.org w index.php title friedman fleischer % 26 lowe & oldid 738961977 categories private equity firms of the united states navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 12 september 2016 at 00 55 . text is available under the creative commons attribution sharealike license ; 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