Stephen L. Norris is one of the co-founders of The Carlyle Group, an American private equity firm and currently the Chairman of Stephen Norris Capital Partners, LLC. He is a former member of the Federal Retirement Thrift Investment Board, who was appointed by President George H. W. Bush in 1990.[1]
[edit] Corporate career
Carlyle was founded in 1987 by five Washington executives: William E. Conway, Jr., Stephen L. Norris, David M. Rubenstein, Daniel A. D'Aniello and Greg Rosenbaum.[2] Rosenbaum left in 1987;[3] Norris left in 1995.[4][5] The three remaining founders are reported to collectively own around a 50% interest in the group's general partnership. The rest of Carlyle is owned by a group of individuals, most of whom serve as managing directors, and by two institutional investors. Prior to co-founding the Carlyle Group, Mr. Norris was a senior executive at Marriott Corporation.
In 2008, Norris announced a memorandum of understanding with the SCO Group, a Unix and Linux software company involved in lawsuits against IBM, Novell, and others. Under the terms of the plan, Norris would purchase a controlling interest in SCO for $100 million.[6][7]
In March 2009, Gulf Capital Partners, LLC, announced the appointment of Stephen L. Norris as the Chairman of the Board of Directors. Gulf Capital Partners is a private equity firm based in Beverly Hills, California with offices in Dubai, Doha and New York.
[edit] References
- ^ "SCO Group plans to go private with $100 million investment". Deseret Morning News. http://deseretnews.com/dn/view/0,1249,695253189,00.html. Retrieved 2008-03-06.
- ^ David A. Vise, "Area Merchant Banking Firm Formed," Washington Post, Oct. 5, 1987, F33
- ^ Paul Farhi, "Chi-Chi's Bid Won D.C. Investment Firm Wall Street's Attention," Washington Post, June 6, 1988, F1
- ^ John Mintz, "Founder Going Beyond the Carlyle Group," Washington Post, Jan. 9, 1995, F9
- ^ Thornton, Emily "Carlyle Changes Its Stripes," BusinessWeek, February 12, 2007
- ^ The SCO Group | Investor Relations | The SCO Group Announces Reorganization Plan to Include $100 Million Financing by Stephen Norris Capital Partners
- ^ "Software company SCO gets help from Norris and a Middle East investor, hopes to go private". Associated Press/International Herald Tribune. 2008-02-15. http://www.iht.com/articles/ap/2008/02/15/business/NA-FIN-US-SCO-Group-Investors.php. Retrieved 2009-02-27.
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