private ownership industry private equity predecessor fox paine & company founded 2007 founder w. dexter paine iii headquarters foster city california united states products private equity funds leveraged buyouts growth capital total assets 2.7 billion 1 website www.painepartners.com paine & partners is a private equity firm focused on leveraged buyout transactions . the firm was founded in 2007 by w. dexter paine iii following his departure from predecessor fox paine & company which he had co founded in 1997 . in 2007 the paine & partners formalized a year long separation process with fox paine co founder saul fox retaining the predecessor firm s name while dexter paine formed a new firm paine & partners with the legacy fox paine investment team . 2 the firm primarily invests in financial services and insurance companies with investments in semiconductors agribusiness healthcare energy telecommunications industrials and consumer goods . paine & partners is headquartered in foster city california with offices in new york city and chicago . contents 1 history 2 notable investments 3 see also 4 external links 5 references history edit see also fox paine & company history in 2005 saul fox and dexter paine the two partners of fox paine & company began showing signs of disagreement about the raising of a third investment fund with dexter paine pushing the effort and saul fox preferring to focus on existing investments . in 2006 they reached an agreement that let dexter paine launch what was originally known as fox paine capital fund iii without saul fox s active involvement . however under this arrangement fox would receive a 25 % interest in the new fund s general partnership . the situation broke down in 2007 and the two partners resorted to litigation to settle a number of disputes . in december 2007 fox and paine came to a compromise under which saul fox retained the use of the fox paine name and control over the investments in fox paine fund ii . in return saul fox ceded his interest in fox paine fund iii which would subsequently be renamed paine capital fund iii as well as the remaining legacy interest in the original fox paine capital fund . 2 3 prior to co founding fox paine in 1997 paine had been an investment banker and private equity investor at san francisco based robertson stephens and later kohlberg & co. the two partners had been encouraged to work together given their previous business dealings . in 1985 dexter paine had helped saul fox arrange financing for the leveraged buyout of motel 6 while at kkr . notable investments edit wireco worldgroup see also edit fox paine & company external links edit paine & partners company website references edit capital raised since inception including fox paine & company a b harris jennifer . fox paine settle out of court . private equity online december 14 2007 anders george september 15 2007 . bitter end of a partnership . wall street journal . retrieved april 7 2012 . green leslie . for saul fox bigger isn t always better in the world of buyouts . buyouts may 15 2000 fox paine & co. has become fox vs. paine . buyouts september 24 2007 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 paine % 26 partners & oldid 739531366 categories private equity firms of the united statesamerican companies established in 2007 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 15 september 2016 at 06 56 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view