Robert Jackowitz - Partner & Chief F.. - BayPine Capital | ZoomInfo This cookie is set by GDPR Cookie Consent plugin. BayPine wraps up inaugural PE fund at about $2.2bn Certain statements herein about BayPine made by David Sorbaro (Mr. 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. A link has been emailed to you - check your inbox. (if applicable) for The Wall Street Journal. BayPine Capital Partners Fund I. L-R: David Roux and Anjan Mukherjee at BayPine (provided). BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Already a subscriber? 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. 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. BayPine and TSG to Accelerate Mavis Digital Transformation and Bolster Industry-Leading Products and Services, Golden Gate Capital to Remain Minority Investor in Company. 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. 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. We're always eager to make new connections and provide more information. Active, Closed, This describes the type of investor this organization is (e.g. We are delighted that you'd like to resume your subscription. 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 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 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. 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. The investor group also includes StepStone Group. Please check your spam or junk folder just in case. This cookie is set by GDPR Cookie Consent plugin. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. Sorbaro), the Co-CEO of Mavis, a portfolio company of a fund managed by BayPine, are intended to illustrate his business relationship with BayPine, including with respect to BayPines facilities as a business partner, rather than BayPines capabilities or expertise with respect to investment advisory services. 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 LP Selects SAP as Innovation Partner. BayPine has 2 team members, including current Founding Partner, Brian Frank. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. BayPine - BayPine 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. BayPine Portfolio Investments, BayPine Funds, BayPine Exits Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed 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. our sites and services. Baypine Capital Partners I | AUM 13F These cookies ensure basic functionalities and security features of the website, anonymously. Gasthalter & Co. 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. Okt. (212) 257-4170, For TSG Consumer Partners To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. 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 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. BayPine Capital Partners Fund I is a buyout fund managed by BayPine. BayPine this week closed its debut fund, BayPine Capital Partners Fund I, on $2.2 billion, beating its $2 billion target. Together with our clients, We build great companies. 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. About TSG Consumer Partners. Notable multi-unit consumer investments sponsored by Golden Gate Capital include The Learning Experience, Invo Holdings and Tidal Wave Auto Spa. 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. Everberg Capital provides preferred equity to support BayPine and Two Cosmetics, IT Cosmetics, Planet Fitness, popchips, Power Stop, REVOLVE, Smashbox Cosmetics, Stumptown, thinkThin and vitaminwater. Copyright 2023 CB Information Services, Inc. All rights reserved. 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. Only logged in subscribers of this site will be able to access the shared article. 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? Terms of the transaction, which is expected to close in the second quarter of 2021, were not disclosed. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. 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. Toronto, Canada. 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. Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Businesses across traditional sectors of the economy are at an inflection point. 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. 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. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. BayPine Partners & Customers. 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. PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. CBI websites generally use certain cookies to enable better interactions with. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. 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. Leading a team of nine in Toronto and London and driving them to overperformance through encouragement, empowerment, empathy, compassion and leadership. Media: Many recognize the opportunities of the new economy but lack the know-how required to drive change. Zillow has 2386 homes for sale. 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 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. 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. Contact | One Equity Partners May 23-24, 2023 The cookie is used to store the user consent for the cookies in the category "Analytics". 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. 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 . David Lau, CFA - Senior Director Asset Management - DIF Capital 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. BayPine recently partnered with SAP on March 3, 2021. 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. 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com Emerging managers monitor: Tracking new fund formation. Partner & Chief Financial Officer at BayPine Capital . Win whats next. BayPine raises billions for focus on digital transformation William Lederer is a Senior Associate at BayPine. 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. Jonathan Gasthalter/Nathaniel Garnick Pinnacle Dermatology Management, a portfolio company of BayPine and the largest multi-state female-founded dermatology management []. View contacts for BayPine to access new leads and connect with decision-makers. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. McDermott Will & Emery represented Pinnacle Dermatology Management in the transaction. 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. For Mavis Tire Express Services Covington & Burling LLP and Ropes & Gray LLP each served as legal advisor to Mavis, and to the Sorbaro family and Golden Gate Capital, respectively. 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. 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 | LinkedIn 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. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Hotel Nikko, San Francisco, September 6-7, 2023 The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. 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. 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. Rob Jackowitz is a Partner and the Chief Financial Officer at BayPine. Boston private equity firm BayPine raises $1.1B - Boston Business Journal Headquartered in Boston, BayPine was founded by a team of accomplished investors and senior executives who have a shared passion for building enduring companies. 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. Im Profil von Vincent Krmer sind 5 Jobs angegeben. Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. CAPITAL MARKETS ADVISORY | "GO-PUBLIC" STRATEGY & EXECUTION |, M&A ADVISORY |CORPORATE AND STRATEGY DEVELOPMENT. Sehen Sie sich das Profil von Vincent Krmer im grten Business-Netzwerk der Welt an. Responsible for a diverse infrastructure and renewable . Golden Gate Capital, Mavis current lead financial partner, will retain a minority interest in the Company. A boutique advisory firm focused on combining its capital markets expertise with the operational expertise of top tier management teams. A private equity firm with an unrelenting focus on modernization. Gasthalter & Co. We seek to decouple success from speed. You may change your billing preferences at any time in the Customer Center or call Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. 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. 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. BayPine Exceeds Target for Inaugural Private Equity Fund and Raises Investor Group Led By BayPine, In Partnership With TSG Consumer Sign In. 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. Jefferies acted as sole financial advisor to Mavis. Senior Director - Head of Asset Management North America. 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 uniquely focused on driving value through innovation. 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. 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. `` 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 . We invest more than capital. site you are consenting to these choices. All rights reserved. Register now to read this article and more for free. BayPine is a private investment firm based in Boston, MA. 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.. 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 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. Marius Haas - Founding Partner @ BayPine - Crunchbase Person Profile 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. 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. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. View all fund histories. Rob Jackowitz - Partner and Chief Financial Officer - BayPine | LinkedIn View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 2 Partners and customers. Customer Service. To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. The firm also secured invested capital from co-investors, bringing its spending power up to $3 billion, the firm said in a statement. 2019-Juli 20222 Jahre 10 Monate. 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. 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. Discerning team We support existing management teams with veteran operating professionals who have the proven business transformation capabilities and digital acumen necessary to fuel growth. The fund is based in Boston, Massachusetts. Use tab to navigate through the menu items. $ + tax By clicking Accept, you consent to the use of all strictly necessary cookies. 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. Sard Verbinnen & Co For more information about BayPine, please visit www.baypine.com. The cookies is used to store the user consent for the cookies in the category "Necessary". Get the full list, Morningstar Institutional Equity Research. You can read more about your cookie choices at our privacy policyhere. 2023 PitchBook. Jenny Gore/David Isaacs 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.

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