2. Im Profil von Vincent Krmer sind 5 Jobs angegeben. 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. All rights reserved. DIF Capital Partners. 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. The fund is based in Boston, Massachusetts. A boutique advisory firm focused on combining its capital markets expertise with the operational expertise of top tier management teams. By continuing to use this site you are consenting to these choices. 2. BayPine recently partnered with SAP on March 3, 2021. Leading a team of nine in Toronto and London and driving them to overperformance through encouragement, empowerment, empathy, compassion and leadership. Julie Rudnick/Kevin Siegel Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. For more information, visit tsgconsumer.com. 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. While third party service providers (i.e. By clicking Accept, you consent to the use of all strictly necessary cookies. 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 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. 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 Such compensation and investments subject participants to potential conflicts of interest in making the statements herein. 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. 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. 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.. 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. But opting out of some of these cookies may affect your browsing experience. The cookies is used to store the user consent for the cookies in the category "Necessary". Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. Nathaniel Garnick/Sam Fisher Kirkland & Ellis LLP and Ropes & Gray LLP are acting as legal counsel to the investor group. We are not afraid to be patient and invest behind long-term value creation initiatives for the benefit of our companies and investors. Many recognize the opportunities of the new economy but lack the know-how required to drive change. You may change your billing preferences at any time in the Customer Center or call 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). The investor group also includes StepStone Group. 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. Date. 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. 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. This cookie is set by GDPR Cookie Consent plugin. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. View contacts for BayPine to access new leads and connect with decision-makers. Certain statements herein about BayPine made by David Sorbaro (Mr. We also use third-party cookies that help us analyze and understand how you use this website. 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. These cookies will be stored in your browser only with your consent. 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. PitchBook helps you see a funds investments based on target industry, year and deal typeso you can quickly understand its strategy at a glance. Sources. L-R: David Roux and Anjan Mukherjee at BayPine (provided). Moreover, we are grateful for the support of our institutional limited partners, who appreciate BayPines differentiated, purpose-driven investment approach. Their latest investment was in Penn Foster as part of their Unattributed on January 1, 2021. BayPine has 1 fund, including BayPine Capital Partners Fund I. BayPine has 2 strategic partners and customers. 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. With this strong foundation in place, we are confident BayPine and TSG will be excellent partners for the Companys next phase of growth. 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. We seek to decouple success from speed. A link has been emailed to you - check your inbox. Sard Verbinnen & Co 2 Partners and customers. Click here. You may cancel your subscription at anytime by calling The below charts are illustrative of the type of graphical data available to our clients and do not represent live data. pschulte@mavistire.com, For BayPine Cosmetics, IT Cosmetics, Planet Fitness, popchips, Power Stop, REVOLVE, Smashbox Cosmetics, Stumptown, thinkThin and vitaminwater. For more information, visit www.mavistire.com. Fund Type. You will be notified in advance of any changes in rate or terms. A verification email is on its way to you. 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 principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. Representative past and present partner companies include Backcountry, BrewDog, Canyon Bicycles, Duckhorn Wine Company, Dutch Bros, e.l.f. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. (if applicable) for The Wall Street Journal. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. 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 . BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies. Necessary cookies are absolutely essential for the website to function properly. Mr. Haas has been a director since January 2018. Digital is in our DNA. Learn more. 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. Businesses across traditional sectors of the economy are at an inflection point. BayPine is a private investment firm based in Boston, MA. 2019-Juli 20222 Jahre 10 Monate. BayPine LP Selects SAP as Innovation Partner. Mr. Roux said, In our view, the largest technology trend of our generation is the digitization of the entire economy, impacting all businesses globally. 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. Rob Jackowitz is a Partner and the Chief Financial Officer at BayPine. Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. The firm also secured invested capital from co-investors, bringing its spending power up to $3 billion, the firm said in a statement. BayPine is uniquely focused on driving value through innovation. 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. 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. Golden Gate Capital is a San Francisco-based private equity investment firm with over $17 billion of committed capital. 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. For more information about. Copyright 2023 CB Information Services, Inc. All rights reserved. $ + tax Angel, Fund of Funds, Venture Capital), General contact email for the organization. (3 minutes) 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. The principals of Bayline are two seasoned veterans of Bay Street that are well aware of the complexities of the capital markets. Closing Date. 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..