2 Partners and customers. our sites and services. 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. 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. Media: But opting out of some of these cookies may affect your browsing experience. Boston private equity firm BayPine raises $1.1B - Boston Business Journal BayPine recently partnered with SAP on March 3, 2021. Sard Verbinnen & Co 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. BayPine acquired 2 companies. 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 are delighted that you'd like to resume your subscription. BayPine, a hot new name in tech private equity, raises $1.5bn for Fund Okt. Rob Jackowitz - Partner and Chief Financial Officer - BayPine | LinkedIn This cookie is set by GDPR Cookie Consent plugin. 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. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. For more information about BayPine, please visit www.baypine.com. site you are consenting to these choices. You can read more about your cookie choices at our privacy policyhere. 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. 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. Businesses across traditional sectors of the economy are at an inflection point. Gasthalter & Co. BayPine is a private investment firm based in Boston, MA. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Fund. 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.. 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 To ensure the most secure and best overall experience on our website, we recommend the latest versions of. BayPine Capital Partners Fund I is a buyout fund managed by BayPine. Click 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. Necessary cookies are absolutely essential for the website to function properly. BayPine is uniquely focused on driving value through innovation. 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. The cookies is used to store the user consent for the cookies in the category "Necessary". You may cancel your subscription at anytime by calling Jefferies acted as sole financial advisor to Mavis. 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. 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. Pinnacle Dermatologys Acquisition of Tru-Skin Dermatology, Parallel Advisors Partners with Golden Gate Capital on Recapitalization Strategic Investment by Golden Gate Capital Will Accelerate Organic Growth and M&A Strategy, Including Acquisition of AUTUS Asset Management Acquisition of AUTUS Creates Leading RIA Firm With Approximately $5.7 Billion in Assets Under Management, Nassau Financial Group Closes Strategic Transaction and Capital Raise Nassau increases its capital by $300 million and AUM by $3.6 billion Angel Island Capital merges into Nassaus Asset Management segment Expands Nassaus asset management capabilities and accelerates Angel Islands growth strategy, LiveVox Names John DiLullo Chief Executive Officer Louis Summe to Transition to Vice Chairman on LiveVox Board Provides Preliminary Third Quarter 2022 Financial Results and Updated Full Year 2022 Guidance, BayPine raises billions for focus on digital transformation. $2,200M. BayPine has 2 strategic partners and customers. Not the case? San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. He has been with BayPine Capital, where he is Partner and Co-Founder, since March 2020. Senior Director - Head of Asset Management North America. 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. Robert Jackowitz - Partner & Chief F.. - BayPine Capital | ZoomInfo Mr. Haas has been a director since January 2018. In addition to its core offering of tires from over 20 major brands, Mavis offers a menu of repair and maintenance services including brakes, alignments, suspension, shocks, and exhaust. New buyout firm BayPine close to $6 bln Mavis Tire acquisition-sources Many recognize the opportunities of the new economy but lack the know-how required to drive change. Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. Get the full list, Morningstar Institutional Equity Research. 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. Mavis Tire Express Services, based in Millwood, New York, is one of the largest independent tire and service providers in the United States, with more than 1,100 service centers across 27 states. Submitters are 7x more likely to receive a qualified connection. 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. 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 . You also have the option to opt-out of these cookies. The cookie is used to store the user consent for the cookies in the category "Analytics". 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. 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. 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. Baypine Capital Partners I | AUM 13F We are not afraid to be patient and invest behind long-term value creation initiatives for the benefit of our companies and investors. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. You can read more about your. DIF Capital Partners. Emerging managers monitor: Tracking new fund formation. BayPine Portfolio Investments, BayPine Funds, BayPine Exits (212) 257-4170, Internet Explorer presents a security risk. Toronto, Canada. 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. Vincent Krmer - IE Business School - Frankfurt/Rhein-Main | LinkedIn 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. 2023 PitchBook. Pat Schulte Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. Importantly, our tradition of Value Oriented Service remains unwavering as we scale the Mavis platform. 2. Boston-based BayPine itself is committing about $100 million, one of the people said. 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? 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. BayPine raises over $2bn in debut fund - Alternatives Watch 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. 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 David Lau, CFA - Senior Director Asset Management - DIF Capital This cookie is set by GDPR Cookie Consent plugin. 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.
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