Sources. BayPine acquired 2 companies. Media: 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. 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. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Okt. Senior Director - Head of Asset Management North America. Capital Markets Advisory | Bayline Capital Partners | Toronto A boutique advisory firm focused on combining its capital markets expertise with the operational expertise of top tier management teams. 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. 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 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. 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. Angel, Fund of Funds, Venture Capital), General contact email for the organization. BayPine is headquartered in Boston; BayPine has closed its debut private equity fund at about $2.2 billion, beating its $2 billion target. 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. All rights reserved. CBI websites generally use certain cookies to enable better interactions with. Toronto, Canada. Sign In. We are not afraid to be patient and invest behind long-term value creation initiatives for the benefit of our companies and investors. 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. 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 is uniquely focused on driving value through innovation. Rob Jackowitz is a Partner and the Chief Financial Officer at BayPine. 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. 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. 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 pschulte@mavistire.com, For BayPine BayPine LP Selects SAP as Innovation Partner. BayPine Capital Partners Fund I. We invest more than capital. (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. Jonathan Gasthalter/Nathaniel Garnick Their latest acquisition was Pinnacle Dermatology on October 29, 2021. We believe this holistic approach has the ability to power an innovation flywheel, accelerating value creation for all stakeholders. 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. 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. Gasthalter & Co. 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. 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. This cookie is set by GDPR Cookie Consent plugin. The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. The cookie is used to store the user consent for the cookies in the category "Performance". McDermott Will & Emery represented Pinnacle Dermatology Management in the transaction. BayPine has 1 fund, including BayPine Capital Partners Fund I. BayPine has 2 strategic partners and customers. 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. We are grateful for Golden Gate Capitals support over the past four years and are pleased they will remain investors.. View all fund histories. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. 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. 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). 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. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. $2,200M. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. 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. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. William Lederer is a Senior Associate at BayPine. The cookie is used to store the user consent for the cookies in the category "Other. We support existing management teams with veteran operating professionals who have the proven business transformation capabilities and digital acumen necessary to fuel growth. L-R: David Roux and Anjan Mukherjee at BayPine (provided). Not the case? BayPine and TSG to Accelerate Mavis Digital Transformation and Bolster Industry-Leading Products and Services, Golden Gate Capital to Remain Minority Investor in Company. For more information about BayPine, please visit www.baypine.com. CAPITAL MARKETS ADVISORY | "GO-PUBLIC" STRATEGY & EXECUTION |, M&A ADVISORY |CORPORATE AND STRATEGY DEVELOPMENT. 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. Jenny Gore/David Isaacs This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. 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 tsgconsumer.com. 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. BOSTON, September 08, 2022 -- ( BUSINESS WIRE )--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the. We use cookies on our website to provide necessary functions. 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. While third party service providers (i.e. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Active, Closed, This describes the type of investor this organization is (e.g. 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. Importantly, our tradition of Value Oriented Service remains unwavering as we scale the Mavis platform. Learn more. Together with our clients, We build great 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. You can read more about your cookie choices at our privacy policyhere. Responsible for a diverse infrastructure and renewable . BayPine Capital Partners Fund I is a buyout fund managed by BayPine. 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 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. 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. Submitters are 7x more likely to receive a qualified connection. (if applicable) for The Wall Street Journal. 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. Boston-based BayPine itself is committing about $100 million, one of the people said. . 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.. Pinnacle Dermatology Management, a portfolio company of BayPine and the largest multi-state female-founded dermatology management []. 2023 PitchBook. A boutique advisory firm focused on combining its capital markets expertise with the operational expertise of top tier management teams. 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. Sard Verbinnen & Co The cookies is used to store the user consent for the cookies in the category "Necessary". 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. You should only be asked to sign in once. 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. our sites and services. For more information about. Date. Nathaniel Garnick/Sam Fisher 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. CBI websites generally use certain cookies to enable better interactions with our sites and services. 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. 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. Hotel Nikko, San Francisco, September 6-7, 2023 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.. 2. TSG-SVC@sardverb.com, For Golden Gate Capital BayPine Partners & Customers. 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. 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. The cookie is used to store the user consent for the cookies in the category "Analytics". Many recognize the opportunities of the new economy but lack the know-how required to drive change. It does not store any personal data. 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. 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. Closing Date. Copyright 2023 CB Information Services, Inc. All rights reserved. BayPine this week closed its debut fund, BayPine Capital Partners Fund I, on $2.2 billion, beating its $2 billion target. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. Gasthalter & Co. 9/8/2022. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. Emerging managers monitor: Tracking new fund formation. Partner & Chief Financial Officer at BayPine Capital . Fund. (212) 257-4170, Internet Explorer presents a security risk. GoldenGate-SVC@sardverb.com, Internet Explorer presents a security risk. 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. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. You may cancel your subscription at anytime by calling We seek to decouple success from speed. 2. Notable multi-unit consumer investments sponsored by Golden Gate Capital include The Learning Experience, Invo Holdings and Tidal Wave Auto Spa. 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? Julie Rudnick/Kevin Siegel 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. For more information, visit www.goldengatecap.com. 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 . 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. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. A verification email is on its way to you. 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 Capital Partners Fund I. But opting out of some of these cookies may affect your browsing experience. We also use third-party cookies that help us analyze and understand how you use this website. BayPine recently partnered with SAP on March 3, 2021. Customer Service. A link has been emailed to you - check your inbox. BayPine is uniquely focused on driving value through innovation. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Vincent Krmer und Jobs bei hnlichen Unternehmen erfahren. You will be charged 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. Jefferies acted as sole financial advisor to Mavis. Get the full list, Morningstar Institutional Equity Research. Cosmetics, IT Cosmetics, Planet Fitness, popchips, Power Stop, REVOLVE, Smashbox Cosmetics, Stumptown, thinkThin and vitaminwater. 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 New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. You also have the option to opt-out of these cookies. 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.. 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. (212) 257-4170, For TSG Consumer Partners Status. Click 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. 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. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. site you are consenting to these choices. Click here. Mr. Haas has been a director since January 2018. BayPine recently partnered with SAP on March 3, 2021. 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. 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. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. 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. Only logged in subscribers of this site will be able to access the shared article. BayPine has 2 team members, including current Founding Partner, Brian Frank. Sehen Sie sich das Profil von Vincent Krmer im grten Business-Netzwerk der Welt an. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Pat Schulte Fund Type. Businesses across traditional sectors of the economy are at an inflection point. Their latest investment was in Penn Foster as part of their Unattributed on January 1, 2021. The fund is based in Boston, Massachusetts. Convene 117 West 46th Street, New York, June 7-8, 2023 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 Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com 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. 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. 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. 2019-Juli 20222 Jahre 10 Monate. This cookie is set by GDPR Cookie Consent plugin. Register now to read this article and more for free. Discerning team May 23-24, 2023 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. 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. Im Profil von Vincent Krmer sind 5 Jobs angegeben. 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. 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. 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. Since 2015, the Company has added approximately 1,000 service centers to its growing network of stores. 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. BayPine has 2 strategic partners and customers. Golden Gate Capital, Mavis current lead financial partner, will retain a minority interest in the Company. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. This website uses cookies to improve your experience while you navigate through the website. Amount. BayPine is a private investment firm based in Boston, MA. 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 . These cookies ensure basic functionalities and security features of the website, anonymously. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally.
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