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Already a subscriber? The cookie is used to store the user consent for the cookies in the category "Other. You will be charged Their latest investment was in Penn Foster as part of their Unattributed on January 1, 2021. You can read more about your cookie choices at our privacy policyhere. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. BayPine acquired 2 companies. Sehen Sie sich das Profil von Vincent Krmer im grten Business-Netzwerk der Welt an. Certain statements herein about BayPine made by David Sorbaro (Mr. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. Leading a team of nine in Toronto and London and driving them to overperformance through encouragement, empowerment, empathy, compassion and leadership. 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.. We seek to decouple success from speed. 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. Nathaniel Garnick/Sam Fisher By clicking Accept, you consent to the use of all strictly necessary cookies. For Mavis Tire Express Services 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 . Sard Verbinnen & Co BayPine Capital Partners Fund I is a buyout fund managed by BayPine. We're always eager to make new connections and provide more information. MSD Partners, Cumberland Associates, Harman International Industries, WR Hambrecht + Co., and Lazard Frres & Co. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. Use tab to navigate through the menu items. 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. Pat Schulte We believe this holistic approach has the ability to power an innovation flywheel, accelerating value creation for all stakeholders. 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. BayPine has 1 fund, including BayPine Capital Partners Fund I. BayPine has 2 strategic partners and customers. San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. BayPine LP Selects SAP as Innovation Partner. Jefferies acted as sole financial advisor to Mavis. Mr. Haas has been a director since January 2018. Sign In. Gasthalter & Co. 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? Pinnacle Dermatology Management, a portfolio company of BayPine and the largest multi-state female-founded dermatology management []. Closing Date. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. 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. We are delighted that you'd like to resume your subscription. A link has been emailed to you - check your inbox. 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. 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. 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. $2,200M. 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. 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 Jenny Gore/David Isaacs 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 We are grateful for Golden Gate Capitals support over the past four years and are pleased they will remain investors.. CBI websites generally use certain cookies to enable better interactions with our sites and services. BayPine Capital Partners Fund I. 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. site you are consenting to these choices. 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. 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). 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 principals of Golden Gate Capital have a long and successful history of investing across a wide range of industries and . 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. We also use third-party cookies that help us analyze and understand how you use this website. 2019-Juli 20222 Jahre 10 Monate. 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. 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. 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 was founded in 2020 to invest in tech disruption in traditional sectors of the economy. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. BayPine is uniquely focused on driving value through innovation. 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. 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. 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. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. 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. 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. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. 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. 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. 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. For more information about BayPine, please visit www.baypine.com. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Since 2015, the Company has added approximately 1,000 service centers to its growing network of stores. Please check your spam or junk folder just in case. 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.