Wednesday, 23 July 2014
Last updated 31 min ago
Dec 9 2013 | 4:54am ET
New York-based private equity firm High Road Capital Partners has raised $320 million for its second fund, well in excess of its $200 million target and twice the size of its predecessor fund.
High Road’s capital base comprises more than 25 institutional investors, family offices, and high-net-worth individuals. The firm raised High Road Capital Partners Fund II in less than 12 months and without the use of a placement agent.
“Fund II will follow our proven and successful strategy of acquiring well-performing companies in the U.S. and Canada with $3 million to $10 million in EBITDA and adding value through organic growth initiatives and complementary add-on acquisitions, and operational improvements,” said Robert Fitzsimmons, co-founder and managing partner of High Road.
To date, High Road has completed two platform acquisitions and one add-on acquisition for Fund II: The Crown Group, which acquired Electra-Finish, Inc., and SMB Machinery Systems. Since its founding in 2007, High Road has completed 27 transactions, comprising 25 acquisitions – 11 platform investments and 14 add-on acquisitions – and two exits.
High Road was formed in 2007 and manages over $470 million of committed capital.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…