Victor Capital Partners Closes Oversubscribed Fund II at $310 Million in Commitments
Victor Capital Partners has successfully closed its oversubscribed Fund II with $310 million in capital commitments, exceeding fundraising targets. The fund, led by partners Douglas Korn, David Affinito, and Matthew McLain, will focus on private equity investments in branded businesses across the specialty consumer, industrial technology, and business services sectors.
Fund II aims to deploy $25 million to $100 million of equity capital per transaction, targeting lower middle market businesses with defensive characteristics and significant value potential. The firm's first investment from Fund II was the January 2024 acquisition of The Coats Company, a Nashville-based manufacturer of wheel service equipment, from Vontier (NYSE: VNT).
Victor Capital Partners ha concluso con successo il suo Fondo II sovrascritto con 310 milioni di dollari in impegni di capitale, superando gli obiettivi di raccolta fondi. Il fondo, guidato dai partner Douglas Korn, David Affinito e Matthew McLain, si concentrerà su investimenti in private equity in aziende con marchio nei settori dei consumatori specializzati, della tecnologia industriale e dei servizi aziendali.
Il Fondo II mira a distribuire da 25 milioni a 100 milioni di dollari di capitale azionario per transazione, puntando su aziende del mercato medio-basso con caratteristiche difensive e un potenziale di valore significativo. Il primo investimento del Fondo II è stata l'acquisizione di gennaio 2024 della The Coats Company, un produttore con sede a Nashville di attrezzature per il servizio di ruote, da Vontier (NYSE: VNT).
Victor Capital Partners ha cerrado con éxito su Fondo II sobre suscripción con 310 millones de dólares en compromisos de capital, superando los objetivos de recaudación. El fondo, liderado por los socios Douglas Korn, David Affinito y Matthew McLain, se enfocará en inversiones de capital privado en negocios de marca en los sectores de consumidores especializados, tecnología industrial y servicios empresariales.
El Fondo II tiene como objetivo desplegar de 25 a 100 millones de dólares de capital propio por transacción, enfocándose en empresas de mercado medio-bajo con características defensivas y un potencial de valor significativo. La primera inversión del Fondo II fue la adquisición de enero de 2024 de The Coats Company, un fabricante con sede en Nashville de equipos para el servicio de ruedas, de Vontier (NYSE: VNT).
빅터 캐피탈 파트너스는 310백만 달러의 자본 약속으로 초과 구독된 펀드 II를 성공적으로 마감했습니다. 이는 자금 모집 목표를 초과한 수치입니다. 이 펀드는 더글라스 콘, 데이비드 애피니토, 매튜 맥레인과 같은 파트너들에 의해 이끌어지며, 스페셜 소비자, 산업 기술 및 비즈니스 서비스 부문의 브랜드 비즈니스에 대한 사모펀드 투자를 집중할 것입니다.
펀드 II는 거래당 2500만 달러에서 1억 달러의 자본을 배치하는 것을 목표로 하며, 방어적인 특성과 상당한 가치 잠재력을 가진 중소기업에 대한 투자 기회를 찾고 있습니다. 펀드 II의 첫 번째 투자로는 2024년 1월의 인수인 더 코츠 컴퍼니를 소개합니다. 이 회사는 내쉬빌에 본사를 두고 있으며, 본티어(NYSE: VNT)로부터 휠 서비스 장비를 제조하는 업체입니다.
Victor Capital Partners a clôturé avec succès son Fonds II sursouscrit avec 310 millions de dollars en engagements de capital, dépassant ses objectifs de collecte de fonds. Le fonds, dirigé par les partenaires Douglas Korn, David Affinito et Matthew McLain, se concentrera sur des investissements en capital-investissement dans des entreprises de marque dans les secteurs de la consommation spécialisée, de la technologie industrielle et des services aux entreprises.
Le Fonds II vise à déployer de 25 à 100 millions de dollars de capital par transaction, ciblant des entreprises de marché intermédiaire inférieur avec des caractéristiques défensives et un potentiel de valeur significatif. Le premier investissement du Fonds II a été l'acquisition de janvier 2024 de The Coats Company, un fabricant basé à Nashville d'équipements pour services de roues, auprès de Vontier (NYSE: VNT).
Victor Capital Partners hat erfolgreich seinen überzeichneten Fonds II mit 310 Millionen US-Dollar an Kapitalzusagen abgeschlossen, was die Fundraising-Ziele übertrifft. Der Fonds, der von den Partnern Douglas Korn, David Affinito und Matthew McLain geleitet wird, wird sich auf Private-Equity-Investitionen in markenrechtlich geschützte Unternehmen in den Bereichen Spezialverbraucher, Industriertechnologie und Unternehmensservices konzentrieren.
Der Fonds II hat zum Ziel, 25 Millionen bis 100 Millionen US-Dollar Eigenkapital pro Transaktion einzusetzen und richtet sich an Unternehmen aus dem unteren Mittelstand mit defensiven Eigenschaften und bedeutendem Wertpotenzial. Die erste Investition aus Fonds II war die Übernahme im Januar 2024 von The Coats Company, einem in Nashville ansässigen Hersteller von Radservicegeräten, von Vontier (NYSE: VNT).
- Oversubscribed Fund II closed at $310 million, exceeding fundraising targets
- Strong support from existing and new institutional investors
- Focused investment strategy in branded businesses across multiple sectors
- Targeting companies with defensive characteristics and value potential
- First Fund II investment already completed with acquisition of The Coats Company
- None.
Insights
The successful closing of Victor Capital Partners Fund II at
The fund's size and investment range (
For Vontier (NYSE: VNT), the sale of The Coats Company to Victor Capital's Fund II could be viewed positively, as it allows Vontier to divest a non-core asset and potentially refocus on its core business areas. However, the impact on Vontier's financials would need to be assessed based on the sale price and the relative importance of The Coats Company to Vontier's overall operations.
Victor Capital's Fund II closing is noteworthy for its oversubscription in a challenging fundraising environment. The
The firm's strategy of targeting companies at inflection points in their lifecycles presents significant value creation opportunities through operational improvements and strategic guidance. This approach, combined with the fund's size, allows for a hands-on investment style that can drive meaningful growth in portfolio companies.
The acquisition of The Coats Company from Vontier (NYSE: VNT) as Fund II's first investment demonstrates the firm's ability to source deals from public companies looking to optimize their portfolios. This transaction type can often present attractive entry valuations and opportunities for operational enhancements under new ownership.
Fund II will focus on private equity investments in differentiated companies spanning the specialty consumer, industrial technology, and business services sectors
With capital commitments of
“There are so many great branded businesses across the lower middle market at inflection points in their lifecycles that we believe would benefit from the right strategic partner to help accelerate their growth trajectories,” said Doug Korn, Founder and Managing Partner. “Our mission is to identify and collaborate with exceptional management teams, forming powerful partnerships to help them build businesses that are not only bigger and more profitable, but stronger, more resilient, and fundamentally more valuable. We are grateful for the confidence our investors continue to place in us to execute our investment strategy on their behalf and will continually strive to achieve shared long-term success.”
Victor Capital completed its first investment in Fund II earlier this year, with its January 2024 acquisition of The Coats Company, a 76-year-old
Lincoln International Private Funds Advisory served as placement agent. Kirkland & Ellis LLP served as fund counsel.
About Victor Capital Partners
Victor Capital Partners is a leading middle market private equity firm investing in specialty consumer, industrial technology, and business services companies. We focus on resilient industries and mission-driven branded businesses with outsized growth potential. Our name stands for victory because we help build companies that are well- positioned to win for their people, customers, and communities. For more information, visit www.victorcapitalpartners.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20241016759121/en/
Mike Geller / Jonathan Marino
Prosek Partners
mgeller@prosek.com / jmarino@prosek.com
Source: Victor Capital Partners
FAQ
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