We invest more than capital. BayPine is headquartered in Boston; BayPine has closed its debut private equity fund at about $2.2 billion, beating its $2 billion target. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. BayPine Capital Partners Fund I's limited partners include public and private pension plans, sovereign wealth funds, endowments and foundations, insurance companies, family offices and high-net worth . 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. 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. Pat Schulte It prefers in majority stakes. Responsible for a diverse infrastructure and renewable . BayPine this week closed its debut fund, BayPine Capital Partners Fund I, on $2.2 billion, beating its $2 billion target. Businesses across traditional sectors of the economy are at an inflection point. Sign In. BayPine aims to pioneer a new category of private equity - digital transformation capital - to drive innovation and sustainable growth in core-economy, market-leading businesses. 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. We're always eager to make new connections and provide more information. 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. Direct links to the EDGAR source material. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com You may change your billing preferences at any time in the Customer Center or call pschulte@mavistire.com, For BayPine You can read more about your. Sard Verbinnen & Co You may cancel your subscription at anytime by calling Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. All rights reserved. Boston-based private equity firm BayPine LP has raised at least $1.1 billion for an initial closing on its first-ever fund, according to a person familiar with the firm's operations, with an. BayPine is uniquely focused on driving value through innovation. We believe this holistic approach has the ability to power an innovation flywheel, accelerating value creation for all stakeholders. BayPine Capital Partners Fund I Native Currency USD Fund Manager's Location 801 Boylston Street Floor 4 Boston, MA 02116 United States +1 (617) 000-0000 Fund Domiciles United States: Delaware BayPine Capital Partners Fund I Investments (2) To view BayPine Capital Partners Fund I's complete investments history, request access Gasthalter & Co. Lists Featuring This Company Investors with Funds Raised in 2022 1,565 Number of Organizations $51.9B Total Funding Amount 1,060 Number of Investors Track Private Equity Stage Investors with Investments in United States Their latest investment was in Penn Foster as part of their Unattributed on January 1, 2021. (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. L-R: David Roux and Anjan Mukherjee at BayPine (provided). For more information about BayPine, please visit www.baypine.com. 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. 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. 2. 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. Senior Director - Head of Asset Management North America. 2. Sard Verbinnen & Co Toronto, Canada. The fund is based in Boston, Massachusetts. For more information, visit tsgconsumer.com. CAPITAL MARKETS ADVISORY | "GO-PUBLIC" STRATEGY & EXECUTION |, M&A ADVISORY |CORPORATE AND STRATEGY DEVELOPMENT. He has been with BayPine Capital, where he is Partner and Co-Founder, since March 2020. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses., Mukherjee added, 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., Sign up for your FREE daily alts news briefing, 2019-2022, All Rights Reserved | BMV Digital, Start your days in the know with our free newsletter. 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 The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. A link has been emailed to you - check your inbox. 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.. our sites and services. BayPine has 2 strategic partners and customers. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. 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 principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. 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. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. 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. We are thrilled to leverage our consumer expertise to support David, Stephen and the entire Mavis team as the Company looks to capitalize on a number of exciting growth opportunities, including expanding its geographic footprint and increasing its digital capabilities, added Pierre LeComte, Managing Director at TSG. Mr. Haas has been a director since January 2018. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. Submitters are 7x more likely to receive a qualified connection. New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. 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. 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 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. 2019-Juli 20222 Jahre 10 Monate. We also use third-party cookies that help us analyze and understand how you use this website. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Jefferies acted as sole financial advisor to Mavis. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Vincent Krmer und Jobs bei hnlichen Unternehmen erfahren. This cookie is set by GDPR Cookie Consent plugin. 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. 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. 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. BayPine Capital Partners Fund I. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. BayPine is a private investment firm based in Boston, MA. This cookie is set by GDPR Cookie Consent plugin. This cookie is set by GDPR Cookie Consent plugin. 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. Click A boutique advisory firm focused on combining its capital markets expertise with the operational expertise of top tier management teams. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. A private equity firm with an unrelenting focus on modernization. CBI websites generally use certain cookies to enable better interactions with our sites and services. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. Edit Lists Featuring This Company Section, BayPine raises billions for focus on digital transformation, BayPine closes inaugural PE fund on $2.2bn, United States Investors with Funds Raised in 2022, Private Equity Stage Investors with Investments in Northeastern US, Investors Active in United States (Top 10K). Terms of the transaction, which is expected to close in the second quarter of 2021, were not disclosed. DIF Capital Partners. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. May 23-24, 2023 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. Julie Rudnick/Kevin Siegel The investor group also includes StepStone Group. For Mavis Tire Express Services MSD Partners, Cumberland Associates, Harman International Industries, WR Hambrecht + Co., and Lazard Frres & Co. 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.. Copyright 2023 CB Information Services, Inc. All rights reserved. Rob Jackowitz is a Partner and the Chief Financial Officer at BayPine. 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. With this strong foundation in place, we are confident BayPine and TSG will be excellent partners for the Companys next phase of growth. A verification email is on its way to you. Fund. 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. About TSG Consumer Partners. Hotel Nikko, San Francisco, September 6-7, 2023 Together with our clients, We build great companies. 2 Partners and customers. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Following the merger of Mavis Tire and Express Oil in 2018, the Company has grown to become one of the largest independent tire and service provider platforms in the U.S. while maintaining its deep-rooted commitment to integrity, trust and high-quality customer service. 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. 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. Amount. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. 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. 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. Many recognize the opportunities of the new economy but lack the know-how required to drive change. CBI websites generally use certain cookies to enable better interactions with. View contacts for BayPine to access new leads and connect with decision-makers. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. $ + tax We are grateful for Golden Gate Capitals support over the past four years and are pleased they will remain investors.. The firm also secured invested capital from co-investors, bringing its spending power up to $3 billion, the firm said in a statement. 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 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. We are delighted that you'd like to resume your subscription. BayPine has made 1 investments. 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. Genstar raises $12.6bn fund, adds co-investment capacity, Ardian attracts $2bn for infrastructure fund, Northleaf eyes global private credit shifts and opportunities, Ohio Police and Fire pension hires commodities manager, Mudrick hires ex-Partners exec for institutional partnerships, Chinese luxury EV maker raises $122m ahead of L Catterton SPAC deal. Register now to read this article and more for free. March 2 (Reuters) - BayPine LP is in the lead to acquire Mavis Tire Express Services Corp for more than $6 billion, including debt, in what would be the private equity firm's biggest ever deal . 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. Importantly, our tradition of Value Oriented Service remains unwavering as we scale the Mavis platform. 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. (if applicable) for The Wall Street Journal. 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. BayPine recently partnered with SAP on March 3, 2021. The cookies is used to store the user consent for the cookies in the category "Necessary". Only logged in subscribers of this site will be able to access the shared article. . 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. $2,200M. 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. Discerning team 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. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. 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. gadgets by cesar legaspi painting analysis, did shirley booth wear a wig on hazel,
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