We are not afraid to be patient and invest behind long-term value creation initiatives for the benefit of our companies and investors. 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. `` 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 . 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. BayPine has 2 team members, including current Founding Partner, Brian Frank. These cookies ensure basic functionalities and security features of the website, anonymously. (if applicable) for The Wall Street Journal. Mr. Haas has been a director since January 2018. 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. Toronto, Canada. To ensure the most secure and best overall experience on our website, we recommend the latest versions of. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. Jefferies acted as sole financial advisor to Mavis. You will be charged 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. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. 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. 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. Jonathan Gasthalter/Nathaniel Garnick Sehen Sie sich das Profil von Vincent Krmer im grten Business-Netzwerk der Welt an. 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. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. You may change your billing preferences at any time in the Customer Center or call BOSTON, September 08, 2022 -- ( BUSINESS WIRE )--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the. This cookie is set by GDPR Cookie Consent plugin. For more information, visit www.mavistire.com. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. 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. Their latest acquisition was Pinnacle Dermatology on October 29, 2021. 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. 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. 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. 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. Since 2015, the Company has added approximately 1,000 service centers to its growing network of stores. The cookie is used to store the user consent for the cookies in the category "Performance". 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. A verification email is on its way to you. Digital is in our DNA. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. BayPine LP Selects SAP as Innovation Partner. 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. GoldenGate-SVC@sardverb.com, Internet Explorer presents a security risk. Fund. BayPine Partners & Customers. 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? 9/8/2022. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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. He has been with BayPine Capital, where he is Partner and Co-Founder, since March 2020. Boston-based BayPine itself is committing about $100 million, one of the people said. For more information, visit tsgconsumer.com. 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 DIF Capital Partners. For more information, visit www.goldengatecap.com. Necessary cookies are absolutely essential for the website to function properly. 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. 2. New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. Customer Service. 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.. You can read more about your cookie choices at our privacy policyhere. 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 also use third-party cookies that help us analyze and understand how you use this website. 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. site you are consenting to these choices. 2023 PitchBook. 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. Click 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. 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 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. We are delighted that you'd like to resume your subscription. 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. Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. $2,200M. Only logged in subscribers of this site will be able to access the shared article. 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. our sites and services. 2019-Juli 20222 Jahre 10 Monate. 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. BayPine has made 1 investments. 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. 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 . By clicking Accept, you consent to the use of all strictly necessary cookies. 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com Together with our clients, We build great companies. 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. 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. Don't have an account? $2,200M. For more information about BayPine, please visit www.baypine.com. BayPine is uniquely focused on driving value through innovation. Im Profil von Vincent Krmer sind 5 Jobs angegeben. For Mavis Tire Express Services Amount. Win whats next. 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. Media: 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).

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