baypine capital partners
here to register, Not for publication, email or dissemination, Kian Capital drives to the finish line with a $400m close for its third fund, In year of uncertainty, CalSTRS considers boosting PE target, American Industrial Partners sets $5bn target for latest flagship, STRS Ohio selects Callan as its new alternative investments consultant, Emerging managers well positioned for exits in next few years, The challenge of VC access and the SVB fund of funds sale, TAs Select Opportunities fundraising pause and what it means for PE. Additionally, a group of financing partners led by Jefferies and Owl Rock Capital, and including Ares Capital Management and certain affiliates and funds managed by affiliates of Apollo Global Management, Inc., is supporting the transaction. For more information, visit www.mavistire.com. Mavis has established itself as a leading national automotive services platform with a longstanding reputation for providing customers with exceptional service, said Bill Cooling, Managing Director at TSG. BayPine is uniquely focused on driving value through innovation. BayPine and TSG to Accelerate Mavis Digital Transformation and Bolster Industry-Leading Products and Services, Golden Gate Capital to Remain Minority Investor in Company. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Partner and Chief Financial Officer at BayPine New York, New York, United States 687 followers 500+ connections Join to view profile BayPine New York University Activity I am excited to share. While third party service providers (i.e. Already a subscriber? Hotel Nikko, San Francisco, September 6-7, 2023 2023 PitchBook. our sites and services. View contacts for BayPine to access new leads and connect with decision-makers. Dont Be So Sure, WSJ Opinion: Feeling Lucky, Democrats Back Non-Compos Presidential Politics, What the FDIC Does to Protect Deposits When Banks Fail, JPMorgan Buys First Republic Bank in Second-Largest U.S. Bank Failure, The Hidden iPhone Setting Thieves Use to Lock People Out of Apple Accounts. Submitters are 7x more likely to receive a qualified connection. site you are consenting to these choices. BayPine recently partnered with SAP on March 3, 2021. DIF Capital Partners. We invest more than capital. The Fund's capital, together with the invested capital of co-investors participating directly and indirectly alongside the Fund, totals approximately $3.0 billion in the aggregate. . Click here. CBI websites generally use certain cookies to enable better interactions with our sites and services. The Funds investor base is comprised of leading global institutions, including public and private pension plans, sovereign wealth funds, endowments and foundations, insurance companies, family offices and high net worth individuals. 2. Toronto, Canada. But Just in Case, JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale, Priced Out of Florida, More Retirees Are Trying This Sunbelt State on For Size, Opinion: The Blue State Exodus Accelerates, Opinion: Justice Samuel Alito: This Made Us Targets of Assassination, Opinion: Randi Weingartens Incredible Covid Memory Loss, Opinion: Biden vs. Trump in 2024? Previously, he was an Associate in the Infrastructure Group at Blackstone, where he focused on buyout transactions and minority investments in the transportation and telecommunications sectors. Mavis is a clear leader in attractive markets across the country with a proven track record of driving consistent growth through economic cycles, said Anjan Mukherjee, Managing Partner at BayPine. Primed by a vigorous deal environment, tech PE fundraising rose to dizzying heights in 2021, with 474 North American vehicles collecting an all-time high of $227bn, according to Buyouts data. Partner & Chief Financial Officer at BayPine Capital . Jefferies acted as sole financial advisor to Mavis. You will be notified in advance of any changes in rate or terms. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. Mr. Sorbaro was not compensated in connection with his participation in this video, although he generally receives compensation and investment opportunities in connection with his portfolio company role, and is also an investor in a BayPine-sponsored vehicle and pays no fees in connection with his investment in such vehicle. Active, Closed, This describes the type of investor this organization is (e.g. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. GoldenGate-SVC@sardverb.com, Internet Explorer presents a security risk. Zillow has 2386 homes for sale. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. Not the case? We feel privileged for the opportunity to be part of the Mavis story and are excited to support the Companys continued success as a minority shareholder.. Amount. This cookie is set by GDPR Cookie Consent plugin. McDermott Will & Emery represented Pinnacle Dermatology Management in the transaction. BayPine LP Selects SAP as Innovation Partner. Cosmetics, IT Cosmetics, Planet Fitness, popchips, Power Stop, REVOLVE, Smashbox Cosmetics, Stumptown, thinkThin and vitaminwater. We founded BayPine with the express purpose of capitalizing on the opportunity to make good businesses great by combining the best of traditional private equity with a digital overlay and patient capital approach, so that our portfolio companies are positioned to thrive in the new era and beyond., Mr. Mukherjee said, We are incredibly proud of the strong team we have assembled from premier investment firms and global operating companies, which provides BayPine and our portfolio companies with unrivaled financial and strategic expertise and deep, influential technology relationships. BOSTON-- ( BUSINESS WIRE )--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its. This cookie is set by GDPR Cookie Consent plugin. A verification email is on its way to you. For more information, visit tsgconsumer.com. The fund is based in Boston, Massachusetts. BOSTON--(BUSINESS WIRE)--BayPine LP (BayPine), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its inaugural private equity fund, BayPine Capital Partners Fund I (the Fund), at approximately $2.2 billion, exceeding its $2.0 billion target. Copyright 2023 CB Information Services, Inc. All rights reserved. Covington & Burling LLP and Ropes & Gray LLP each served as legal advisor to Mavis, and to the Sorbaro family and Golden Gate Capital, respectively. investment banks, accountants, lawyers) play a crucial role in a companys advancement, Bayline uniquely positions itself side-by-side with management and as such, is dedicated to the long term success of its clients only above any one transaction or any potentially competing interests. We will continue to work hard every day to earn the trust of our valued customers and enhance our product and service offerings to meet their evolving needs. Status. Terms of the transaction, which is expected to close in the second quarter of 2021, were not disclosed. Gasthalter & Co. For more information about. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and . All rights reserved. BayPines team of established investors and seasoned operators aim to drive value in its portfolio companies by developing and implementing a comprehensive digital transformation agenda, enabling businesses to modernize and capture their full growth potential. Jenny Gore/David Isaacs PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. Responsible for a diverse infrastructure and renewable . Josh Cohen, a Managing Director at Golden Gate Capital, said, We are grateful for our successful partnership with David and Stephen Sorbaro and the dedication of the entire Mavis Express organization. Sorbaro), the Co-CEO of Mavis, a portfolio company of a fund managed by BayPine, are intended to illustrate his business relationship with BayPine, including with respect to BayPines facilities as a business partner, rather than BayPines capabilities or expertise with respect to investment advisory services. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. BayPine Capital Partners Fund I is roughly one-third invested across three investments: Penn Foster, a pioneering workforce development and online vocational skills company; Mavis Tire Express Services, a leading aftermarket tire and automotive service provider; and Pinnacle Dermatology, one of the largest dermatology management services organizations in the United States. BayPine Capital Partners Fund I. BayPine acquired 2 companies. BayPines team of established investors and seasoned operators aim to drive value in its portfolio companies by developing and implementing a comprehensive digital transformation agenda, enabling businesses to modernize and capture their full growth potential. (212) 257-4170, For TSG Consumer Partners By navigating these intricacies on behalf of our clients, we allow management teams to focus their efforts on their operations, building their businesses and exploring new corporate opportunities while allowing Bayline to bring its core competencies to their team including. We recognize that in order to foster true alignment with our partners, we must have the same deep understanding of the market challenges, opportunities and nuances our businesses face. BayPine LP, which was co-founded by Silver Lake co-founder David Roux, has rounded up at least $1.1 billion in an initial closing on its debut fund, putting the fund more than halfway to a $2 billion goal, according to people familiar with the offering. A link has been emailed to you - check your inbox. You will be charged We empower strong companies to unlock the power of digital, using technology to optimize business processes in order to meet the demands of todays market. Angel, Fund of Funds, Venture Capital), General contact email for the organization. CBI websites generally use certain cookies to enable better interactions with. The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution. We have known and respected David and Stephen for many years and we look forward to maintaining the ideals and foundation on which this iconic family business was built. You can read more about your. (3 minutes) BayPine LP, which was co-founded by Silver Lake co-founder David Roux, has rounded up at least $1.1 billion in an initial closing on its debut fund, putting the fund more than halfway. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Vincent Krmer und Jobs bei hnlichen Unternehmen erfahren. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. Click Golden Gate Capital, Mavis current lead financial partner, will retain a minority interest in the Company. The cookies is used to store the user consent for the cookies in the category "Necessary". Our purpose-built team possesses what we believe to be a unique combination of operating experience in technology with investing experience in core sectors of the economy. The Companys repair and maintenance products and services include tires, brakes, alignments, suspension, shocks, struts, oil changes, battery replacement and exhaust work, among other offerings. Mr. Haas served as President and Chief Commercial Officer of Dell EMC from September 2016 to February 2020 and previously was Chief Commercial Officer and President of Enterprise Solutions for Dell Inc. from Our team of accomplished investors and senior operating executives is built to enable these businesses to achieve their full potential by helping to effect a digital transformation. The Fund's capital, together with the invested capital of co-investors participating directly and indirectly alongside the Fund, totals approximately $3.0 billion in the aggregate. Jonathan Gasthalter/Nathaniel Garnick BayPine is a private investment firm based in Boston, MA. A private equity firm with an unrelenting focus on modernization. Representative past and present partner companies include Backcountry, BrewDog, Canyon Bicycles, Duckhorn Wine Company, Dutch Bros, e.l.f. Together with our clients, We build great companies. (212) 257-4170, Internet Explorer presents a security risk. We believe this holistic approach has the ability to power an innovation flywheel, accelerating value creation for all stakeholders. Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. For more information, visit www.goldengatecap.com. The investments we have made to date and their success since are illustrative of our digital alpha strategy, and we look forward to continuing to execute on a robust pipeline of opportunities as the partner of choice to management teams seeking to create value for their stakeholders through the effective application of technology.. By leveraging BayPines digital transformation and technology expertise, we believe there is a significant opportunity to enhance Mavis customer experience, capture operating efficiencies, and bolster the Companys position as the go-to brand for auto care nationwide. You should only be asked to sign in once. The founders look to make good businesses great by combining the best of traditional private equity with a digital overlay and patient capital approach, so portfolio companies can thrive in a new era and beyond. Total number of employee profiles an organization has on Crunchbase, Total number of Crunchbase contacts associated with this organization, Where the organization is headquartered (e.g. Since 2015, the Company has added approximately 1,000 service centers to its growing network of stores. Founded in 1972 by the Sorbaro family, and with roots dating back to 1949, Mavis is a leading independent tire dealer and automotive aftermarket service provider with more than 1,100 service centers primarily in the Northeast, Midwest and Southern United States. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. Their latest investment was in Penn Foster as part of their Unattributed on January 1, 2021. Mavis has rapidly grown its platform through the successful completion of several strategic acquisitions in recent years, including the November 2020 merger with Town Fair Tire, a leading business in New England, which continues to operate as the same deep-rooted brand founded by the Mellen family. Sources. The Boston-based firms strategy centers on durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. TSG-SVC@sardverb.com, For Golden Gate Capital Sard Verbinnen & Co Public filings of Baypine Capital Partners I raised by Baypine Holdings LP. Media: Get the full list, Morningstar Institutional Equity Research. BayPine has made 1 investments. Pat Schulte BOSTON--(BUSINESS WIRE)--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its inaugural private equity fund, BayPine Capital Partners Fund I (the "Fund"), at approximately $2.2 billion, exceeding its $2.0 billion target.The Fund's capital, together with the invested capital of co . BayPine Capital Partners Fund I is a buyout fund managed by BayPine. $2,200M. A boutique advisory firm focused on combining its capital markets expertise with the operational expertise of top tier management teams. Many recognize the opportunities of the new economy but lack the know-how required to drive change. Kohl's promo code: 30% Off for Kohl's Rewards Members, Walmart+ Giveaway: Free 1-year membership for moms ($98 value), Epsteins Private Calendar Reveals Prominent Names, Including CIA Chief, Goldmans Top Lawyer, The Building Boom Is Prolonging Market Pain, We Hope Your iPhone Never Gets Stolen. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies and communities in which they operate by driving innovation, digital transformation and sustainable growth in market-leading businesses across core sectors of the economy. BayPine this week closed its debut fund, BayPine Capital Partners Fund I, on $2.2 billion, beating its $2 billion target. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. We work to design and execute a company-wide digital transformation of the business and harness the power of data to inform decisions and pinpoint key opportunities to evolve business processes. We work to design and execute a company-wide digital transformation of the business and harness the power of data to inform decisions and pinpoint key opportunities to evolve business processes. BayPine was formed in 2019 by Managing Partners David Roux, Co-Founder and former Co-CEO and Chairman of Silver Lake, and Anjan Mukherjee, former Senior Managing Director at Blackstone and Counselor to the Secretary and Deputy Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury. Fund Type. Win whats next. Investor Group Led by BayPine, in Partnership with TSG Consumer Partners, to Acquire Mavis Tire Express Services Mar 05, 2021 READ ARTICLE BayPine LP Selects SAP as Innovation Partner Mar 01, 2021 READ ARTICLE Penn Foster Secures Investment to Accelerate Pairing of Data Science with Skills-Based Digital Learning Jan 21, 2021 READ ARTICLE Sign In. Certain statements herein about BayPine made by David Sorbaro (Mr. We also use third-party cookies that help us analyze and understand how you use this website. Its top principals are managing partner David Roux, a founder and former co-CEO and chairman of Silver Lake, and managing partner Anjan Mukherjee, an ex-senior managing director with Blackstone. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. Necessary cookies are absolutely essential for the website to function properly. We look forward to working closely with management as they continue to execute upon their successful consolidation strategy., Messrs. Sorbaro stated, We are excited to partner with BayPine and TSG, who bring significant financial, digital, and operational capabilities to our business. Notable multi-unit consumer investments sponsored by Golden Gate Capital include The Learning Experience, Invo Holdings and Tidal Wave Auto Spa. The principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. CAPITAL MARKETS ADVISORY | "GO-PUBLIC" STRATEGY & EXECUTION |, M&A ADVISORY |CORPORATE AND STRATEGY DEVELOPMENT. 2. Senior Director - Head of Asset Management North America. BOSTON--(BUSINESS WIRE)--BayPine LP (BayPine), a private investment firm that drives digital transformation in market-leading businesses, today announced the successful close of its inaugural private equity fund, BayPine Capital Partners Fund I (the Fund), at approximately $2.2 billion, exceeding its $2.0 billion target. Businesses across traditional sectors of the economy are at an inflection point. It does not store any personal data. For Mavis Tire Express Services Mavis represents the ideal business that we look to partner with, and we are eager to work alongside management, WFM and TSG to accelerate the Companys next phase of technology-enabled growth, said Steve Ko, Founding Partner at BayPine. We founded BayPine with the express purpose of capitalizing on the opportunity to make good businesses great by combining the best of traditional private equity with a digital overlay and patient capital approach, so that our portfolio companies are positioned to thrive in the new era and beyond., Mr. Mukherjee said, We are incredibly proud of the strong team we have assembled from premier investment firms and global operating companies, which provides BayPine and our portfolio companies with unrivaled financial and strategic expertise and deep, influential technology relationships. (if applicable) for The Wall Street Journal. Please check your spam or junk folder just in case. May 23-24, 2023 Mavis, which was founded in 1972 by Marion and Victor Sorbaro and has roots dating back to 1949, has a strong reputation for delivering best-in-class customer service and quality. For more information about BayPine, please visit www.baypine.com. These cookies ensure basic functionalities and security features of the website, anonymously. For more information about BayPine, please visit www.baypine.com. Fund. They have advised on some of the largest and most complex transactions in Canada and above all, have the respect and trust of their clients and all of their strategic partners on Bay Street. BayPine Partners & Customers. BayPine has 1 fund, including BayPine Capital Partners Fund I. BayPine has 2 strategic partners and customers. Digital transformation specialist BayPine closed its inaugural private equity fund at approximately $2.2 billion, bringing the firms assets under management to $3 billion in aggregate due to co-investment capital. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. Together, we will endeavor to establish a true digital presence for the business and further Mavis reputation for offering high-quality, low-cost services to its deeply loyal customer base, said Tom ORourke, Managing Director at BayPine. We are delighted that you'd like to resume your subscription. With this strong foundation in place, we are confident BayPine and TSG will be excellent partners for the Companys next phase of growth. 2019-Juli 20222 Jahre 10 Monate. Direct links to the EDGAR source material. MSD Partners, Cumberland Associates, Harman International Industries, WR Hambrecht + Co., and Lazard Frres & Co. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. TSG Consumer Partners LP is a leading private equity firm that partners with founders and management teams to build and accelerate growth for best-in-class consumer-facing businesses. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". The firm also secured invested capital from co-investors, bringing its spending power up to $3 billion, the firm said in a statement. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. We use cookies on our website to provide necessary functions. The Fund is approximately one-third invested across three investments, including Penn Foster, a pioneering workforce development and online vocational skills company, Mavis Tire Express Services, a leading aftermarket tire and automotive service provider, and Pinnacle Dermatology, one of the largest dermatology management services organizations in the United States. In addition to Messrs. Roux and Mukherjee, BayPines Founding Partners, Wan Ling Martello, Marius Haas, Brian Frank, and Steve Ko, possess over 180 years of collective investing and business-building experience. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. Since its founding in 1987, TSG has been an active investor in the automotive, food, beverage, restaurant, fitness, beauty, personal care, household, apparel & accessories, and e-commerce sectors. L-R: David Roux and Anjan Mukherjee at BayPine (provided) Digital transformation specialist BayPine closed its inaugural private equity fund at approximately $2.2 billion, bringing the firm's assets under management to $3 billion in aggregate due to co-investment capital. Emerging managers monitor: Tracking new fund formation. The cookie is used to store the user consent for the cookies in the category "Analytics". View all fund histories. Sard Verbinnen & Co 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com $ + tax Upon closing, David and Stephen Sorbaro will continue to serve as Co-Chief Executive Officers of the Company, supported by a deep and talented management team comprised of leaders from Mavis, Express Oil, Brakes Plus and Town Fair Tire, all adding significant industry operating expertise.
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