BayPine is a private investment firm based in Boston, MA. 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. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. 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. BayPine recently partnered with SAP on March 3, 2021. 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. By continuing to use this 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. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein. The cookies is used to store the user consent for the cookies in the category "Necessary". (212) 257-4170, For TSG Consumer Partners 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. Mavis Tire Express Services, based in Millwood, New York, is one of the largest independent tire and service providers in the United States, with more than 1,100 service centers across 27 states. BayPine Capital - Overview, News & Competitors | ZoomInfo.com Senior Director - Head of Asset Management North America. Their latest investment was in Penn Foster as part of their Unattributed on January 1, 2021. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. BayPine - BayPine Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. 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. 2023 PitchBook. 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. $2,200M. We invest more than capital. 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. BayPine acquired 2 companies. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. 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. Home - BayPine 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. Gasthalter & Co. BayPine wraps up inaugural PE fund at about $2.2bn BayPine Capital Partners Fund I. BayPine Portfolio Investments, BayPine Funds, BayPine Exits Partner & Chief Financial Officer at BayPine Capital . Please check your spam or junk folder just in case. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. While third party service providers (i.e. BayPine Exceeds Target for Inaugural Private Equity Fund and Raises The investor group also includes StepStone Group. These cookies will be stored in your browser only with your consent. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. 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. View all fund histories. 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 core sectors of the economy. This tectonic shift creates unique challenges, but also unprecedented opportunities for companies to harness the power of modern digital technology to transform their businesses. Boston-based BayPine itself is committing about $100 million, one of the people said. 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. You will be notified in advance of any changes in rate or terms. Nathaniel Garnick/Sam Fisher The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. 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. 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. The cookie is used to store the user consent for the cookies in the category "Other. Date. 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. BayPine this week closed its debut fund, BayPine Capital Partners Fund I, on $2.2 billion, beating its $2 billion target. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. Julie Rudnick/Kevin Siegel TSG-SVC@sardverb.com, For Golden Gate Capital (212) 257-4170, Internet Explorer presents a security risk. New buyout firm BayPine close to $6 bln Mavis Tire acquisition-sources Businesses across traditional sectors of the economy are at an inflection point. Closing Date. Get the full list, Morningstar Institutional Equity Research. William Lederer is a Senior Associate at BayPine. Pat Schulte We are not afraid to be patient and invest behind long-term value creation initiatives for the benefit of our companies and investors. Jonathan Gasthalter/Nathaniel Garnick Submit your Analyst Briefing to get in front of investors, customers, and partners on CB Insights platform. Im Profil von Vincent Krmer sind 5 Jobs angegeben. You also have the option to opt-out of these cookies. Amount. . BayPine Exceeds Target for Inaugural Private Equity Fund and Raises For more information about. 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. BayPine Capital Partners Fund I. BayPine, a hot new name in tech private equity, raises $1.5bn for Fund I PitchBook can help you gauge a funds performance based on IRR, cash flow multiples (DPI, RVPI and TVPI), distributions and more. In addition to its core offering of tires from over 20 major brands, Mavis offers a menu of repair and maintenance services including brakes, alignments, suspension, shocks, and exhaust. David Lau, CFA - Senior Director Asset Management - DIF Capital 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. site you are consenting to these choices. BayPine was founded in 2020 to invest in tech disruption in traditional sectors of the economy. `` 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 is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Marius Haas - Founding Partner @ BayPine - Crunchbase Person Profile San Francisco Bay Area, Silicon Valley), Operating Status of Organization e.g. Don't have an account? Not the case? 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. Okt. Mr. Haas has been a director since January 2018. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. With this strong foundation in place, we are confident BayPine and TSG will be excellent partners for the Companys next phase of growth. 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. 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. Sehen Sie sich das Profil von Vincent Krmer im grten Business-Netzwerk der Welt an. 510 Madison Avenue, 19th Floor New York, NY 10022 (212) 277-1500 oep.info@oneequity.com 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. Direct links to the EDGAR source material. 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. Win whats next. 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. A verification email is on its way to you. Zillow has 2386 homes for sale. 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. May 23-24, 2023 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. Boston private equity firm BayPine raises $1.1B - Boston Business Journal We believe this holistic approach has the ability to power an innovation flywheel, accelerating value creation for all stakeholders. 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. 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? BayPine Progresses Toward $2 Billion Goal for Debut Fund 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 . To ensure the most secure and best overall experience on our website we recommend the latest versions of, Internet Explorer is no longer supported. Click here. 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.. Fund. Robert Jackowitz - Partner & Chief F.. - BayPine Capital | ZoomInfo 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. Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. Media: 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. 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. Register now to read this article and more for free. For more information, visit www.mavistire.com. The firms strategy seeks to instill durable core-economy companies with the execution speed, innovation mindset and technology infrastructure of leading new economy businesses. 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. 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. It prefers in majority stakes. This cookie is set by GDPR Cookie Consent plugin. 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. Digital is in our DNA. We're always eager to make new connections and provide more information. Only logged in subscribers of this site will be able to access the shared article. BOSTON, September 08, 2022 -- ( BUSINESS WIRE )--BayPine LP ("BayPine"), a private investment firm that drives digital transformation in market-leading businesses, today announced the. A private equity firm with an unrelenting focus on modernization. Auf LinkedIn knnen Sie sich das vollstndige Profil ansehen und mehr ber die Kontakte von Vincent Krmer und Jobs bei hnlichen Unternehmen erfahren. 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 We seek to decouple success from speed. 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. Sign In. For more information, visit tsgconsumer.com. In addition to Messrs. Roux and Mukherjee, BayPines Founding Partners, Wan Ling Martello, Marius Haas, Brian Frank, and Steve Ko, possess over 180 years of collective investing and business-building experience. We support existing management teams with veteran operating professionals who have the proven business transformation capabilities and digital acumen necessary to fuel growth. BayPine is uniquely focused on driving value through innovation. (if applicable) for The Wall Street Journal. our sites and services. It does not store any personal data. Responsible for a diverse infrastructure and renewable . Mavis has rapidly grown its platform through the successful completion of several strategic acquisitions in recent years, including the November 2020 merger with Town Fair Tire, a leading business in New England, which continues to operate as the same deep-rooted brand founded by the Mellen family. McDermott Will & Emery represented Pinnacle Dermatology Management in the transaction. Terms of the transaction, which is expected to close in the second quarter of 2021, were not disclosed. We also use third-party cookies that help us analyze and understand how you use this website. 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. For more information about BayPine, please visit www.baypine.com. You may change your billing preferences at any time in the Customer Center or call 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. 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. Public filings of Baypine Capital Partners I raised by Baypine Holdings LP. $2,200M. By navigating these intricacies on behalf of our clients, we allow management teams to focus their efforts on their operations, building their businesses and exploring new corporate opportunities while allowing Bayline to bring its core competencies to their team including. 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 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. About TSG Consumer Partners. Use tab to navigate through the menu items. 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. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. Real Estate & Homes For Sale - 2386 Homes For Sale | Zillow Covington & Burling LLP and Ropes & Gray LLP each served as legal advisor to Mavis, and to the Sorbaro family and Golden Gate Capital, respectively. BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Toronto, Canada. 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. Jenny Gore/David Isaacs New York Marriott Marquis, Get limited access to our industry news, analysis and data, plus regular email updates. You may cancel your subscription at anytime by calling 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.. Jefferies acted as sole financial advisor to Mavis.
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