Discerning team Copyright 2023 CB Information Services, Inc. All rights reserved. Direct links to the EDGAR source material. 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.. BayPine acquired 2 companies. Sign In. May 23-24, 2023 2 Partners and customers. 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. Mr. Haas has been a director since January 2018. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. BayPine recently partnered with SAP on March 3, 2021. New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. 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 firm also secured invested capital from co-investors, bringing its spending power up to $3 billion, the firm said in a statement. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. A link has been emailed to you - check your inbox. Win whats next. 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. 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 is headquartered in Boston; BayPine has closed its debut private equity fund at about $2.2 billion, beating its $2 billion target. 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com Jefferies acted as sole financial advisor to Mavis. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. 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. For more information, visit www.goldengatecap.com. 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 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 Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. All rights reserved. Most recently, he was the Chief Financial Officer of Declaration Partners, a nd prior to that, he was a Partner and Managing Director at Pine Brook Partners, a New York-based growth equity firm where he oversaw the firm's finance, operations and compliance functions. 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. 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? 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. Many recognize the opportunities of the new economy but lack the know-how required to drive change. Partner & Chief Financial Officer at BayPine Capital . BayPine is a private investment firm based in Boston, MA. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. The cookies is used to store the user consent for the cookies in the category "Necessary". 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. BayPine has 1 fund, including BayPine Capital Partners Fund I. BayPine has 2 strategic partners and customers. While third party service providers (i.e. 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. 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. For more information about BayPine, please visit www.baypine.com. 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. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Register now to read this article and more for free. Importantly, our tradition of Value Oriented Service remains unwavering as we scale the Mavis platform. A boutique advisory firm focused on combining its capital markets expertise with the operational expertise of top tier management teams. By clicking Accept, you consent to the use of all strictly necessary cookies. The cookie is used to store the user consent for the cookies in the category "Performance". BayPine Capital Partners Fund I. Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. BayPine Partners & Customers. The investor group also includes StepStone Group. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Vincent Krmer und Jobs bei hnlichen Unternehmen erfahren. For more information about BayPine, please visit www.baypine.com. Pinnacle Dermatology Management, a portfolio company of BayPine and the largest multi-state female-founded dermatology management []. 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 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. Its top principals are managing partner David Roux, a founder and former co-CEO and chairman of. 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. 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 . 2. 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. Closing Date. Use tab to navigate through the menu items. 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. 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. 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. Customer Service. Sources. Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. A verification email is on its way to you. Necessary cookies are absolutely essential for the website to function properly. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. Golden Gate Capital, Mavis current lead financial partner, will retain a minority interest in the Company. Im Profil von Vincent Krmer sind 5 Jobs angegeben. Terms of the transaction, which is expected to close in the second quarter of 2021, were not disclosed. 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. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. Leading a team of nine in Toronto and London and driving them to overperformance through encouragement, empowerment, empathy, compassion and leadership. Businesses across traditional sectors of the economy are at an inflection point. MSD Partners, Cumberland Associates, Harman International Industries, WR Hambrecht + Co., and Lazard Frres & Co. 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. We believe this holistic approach has the ability to power an innovation flywheel, accelerating value creation for all stakeholders. Their latest investment was in Penn Foster as part of their Unattributed on January 1, 2021. Not the case? 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 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. 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. Gasthalter & Co. This website uses cookies to improve your experience while you navigate through the website. You will be notified in advance of any changes in rate or terms. Already a subscriber? View contacts for BayPine to access new leads and connect with decision-makers. About TSG Consumer Partners. Boston-based BayPine itself is committing about $100 million, one of the people said. We're always eager to make new connections and provide more information. 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. `` As we have seen over the last decade , businesses that focus on digital transformation generate unprecedented value -- and SAP is excited BayPine LP has selected us as its partner in its quest to drive value in its portfolio , '' said SAP North America President DJ Paoni . 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. Hotel Nikko, San Francisco, September 6-7, 2023 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. 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. TSG-SVC@sardverb.com, For Golden Gate Capital 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. 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. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. The fund is based in Boston, Massachusetts. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. 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. 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. But opting out of some of these cookies may affect your browsing experience. 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. Customer Service. Okt. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. Only logged in subscribers of this site will be able to access the shared article. By continuing to use this site you are consenting to these choices.