Sard Verbinnen & Co But opting out of some of these cookies may affect your browsing experience. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. Don't have an account? $2,200M. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Vincent Krmer und Jobs bei hnlichen Unternehmen erfahren. 9/8/2022. Convene 117 West 46th Street, New York, June 7-8, 2023 You also have the option to opt-out of these cookies. Their latest investment was in Penn Foster as part of their Unattributed on January 1, 2021. By clicking Accept, you consent to the use of all strictly necessary cookies. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. Sign In. About TSG Consumer Partners. Many recognize the opportunities of the new economy but lack the know-how required to drive change. Founded in 2019, BayPine was launched by former Co-CEO and Chairman of Silver Lake David Roux 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. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com Its top principals are managing partner David Roux, a founder and former co-CEO and chairman of. Emerging managers monitor: Tracking new fund formation. 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. (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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. Businesses across traditional sectors of the economy are at an inflection point. 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. CAPITAL MARKETS ADVISORY | "GO-PUBLIC" STRATEGY & EXECUTION |, M&A ADVISORY |CORPORATE AND STRATEGY DEVELOPMENT. 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. We're always eager to make new connections and provide more information. TSG-SVC@sardverb.com, For Golden Gate Capital 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. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. 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. Rob Jackowitz is a Partner and the Chief Financial Officer at BayPine. Jenny Gore/David Isaacs Closing Date. Toronto, Canada. 2023 PitchBook. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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. BOSTON, September 08, 2022 -- ( BUSINESS WIRE )--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the. Direct links to the EDGAR source material. Fund Type. Please check your spam or junk folder just in case. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. While third party service providers (i.e. BayPine is a private investment firm based in Boston, MA. This cookie is set by GDPR Cookie Consent plugin. BayPine has 2 team members, including current Founding Partner, Brian Frank. Register now to read this article and more for free. Get the full list, Morningstar Institutional Equity Research. All rights reserved. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Importantly, our tradition of Value Oriented Service remains unwavering as we scale the Mavis platform. 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. 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. Status. BayPine Capital Partners Fund I is a buyout fund managed by BayPine. 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. Nathaniel Garnick/Sam Fisher We also use third-party cookies that help us analyze and understand how you use this website. We believe this holistic approach has the ability to power an innovation flywheel, accelerating value creation for all stakeholders. We support existing management teams with veteran operating professionals who have the proven business transformation capabilities and digital acumen necessary to fuel growth. BayPine this week closed its debut fund, BayPine Capital Partners Fund I, on $2.2 billion, beating its $2 billion target. Click 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. 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. (212) 257-4170, For TSG Consumer Partners We use cookies on our website to provide necessary functions. We are not afraid to be patient and invest behind long-term value creation initiatives for the benefit of our companies and investors. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. Sehen Sie sich das Profil von Vincent Krmer im grten Business-Netzwerk der Welt an. With this strong foundation in place, we are confident BayPine and TSG will be excellent partners for the Companys next phase of growth. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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. BayPine recently partnered with SAP on March 3, 2021. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. 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. Only logged in subscribers of this site will be able to access the shared article. To view BayPine Capital Partners Fund Is complete investments history, request access, To view BayPine Capital Partners Fund Is complete team members history, request access, Youre viewing 5 of 63 funds. William Lederer is a Senior Associate at BayPine. 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. Certain statements herein about BayPine made by David Sorbaro (Mr. 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. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. 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. We seek to decouple success from speed. It prefers in majority stakes. In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally, Roux said in a statement. 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. The principals of Bayline, collectively, have more than four decades of experience in advising private and public companies and entrepreneurs to navigate their strategic direction and the Canadian capital markets. 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 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. Discerning team Media: For more information about BayPine, please visit www.baypine.com. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. MSD Partners, Cumberland Associates, Harman International Industries, WR Hambrecht + Co., and Lazard Frres & Co. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. Jefferies acted as sole financial advisor to Mavis. 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 . 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. BOSTON & SAN FRANCISCO & MILLWOOD, N.Y.--(BUSINESS WIRE)--An investor group led by BayPine LP (BayPine), in partnership with TSG Consumer Partners LP (TSG) and existing significant equity-holder West First Management (WFM), a holding company controlled by David and Stephen Sorbaro, today announced they have entered into a definitive agreement to acquire Mavis Tire Express Services Corp. (Mavis or the Company), one of the largest independent automotive service platforms in the United States. 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.. 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-investors participating directly and indirectly alongside the Fund, totals approximately $3.0 billion in the aggregate. 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. 2. Gasthalter & Co. BayPine recently partnered with SAP on March 3, 2021. Public filings of Baypine Capital Partners I raised by Baypine Holdings LP. 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. 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. 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. 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 traditional sectors of the economy. He has been with BayPine Capital, where he is Partner and Co-Founder, since March 2020. Date. 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? New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. This cookie is set by GDPR Cookie Consent plugin. Leading a team of nine in Toronto and London and driving them to overperformance through encouragement, empowerment, empathy, compassion and leadership. Fund. A private equity firm with an unrelenting focus on modernization. You may change your billing preferences at any time in the Customer Center or call We invest more than capital. 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. Pinnacle Dermatology Management, a portfolio company of BayPine and the largest multi-state female-founded dermatology management []. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Terms of the transaction, which is expected to close in the second quarter of 2021, were not disclosed. Active, Closed, This describes the type of investor this organization is (e.g. 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. The investor group also includes StepStone Group. 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. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. For more information, visit www.mavistire.com. 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. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. 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. CBI websites generally use certain cookies to enable better interactions with our sites and services. We are grateful for Golden Gate Capitals support over the past four years and are pleased they will remain investors.. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. A link has been emailed to you - check your inbox. Gasthalter & Co. Angel, Fund of Funds, Venture Capital), General contact email for the organization. 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. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Together with our clients, We build great companies. site you are consenting to these choices. DIF Capital Partners. 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). The fund is based in Boston, Massachusetts. These cookies ensure basic functionalities and security features of the website, anonymously. This cookie is set by GDPR Cookie Consent plugin. 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.. You will be charged Senior Director - Head of Asset Management North America. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. BayPine LP Selects SAP as Innovation Partner. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. Sources. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. 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. 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. 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. 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. 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. 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