Sentinel Raises $765M For Fund IV

Jul 18 2008 | 7:12am ET

Private equity firm Sentinel Capital Partners has closed on its latest buyout fund at $765 million.

Sentinel Capital Partners IV, like its predecessors, will focus on acquiring businesses with $5 million to $25 million of EBITDA in the consumer products, food and restaurants, franchising, manufacturing and service sectors. In addition to platform acquisitions, Fund IV will pursue add-on acquisitions for its portfolio companies.

“Small businesses outnumber large businesses 10 to one, and as baby boomer entrepreneurs continue to reach retirement age, we expect a strong, steady flow of very attractive deals in our strike zone for many years to come,” said John McCormack, Sentinel’s co-founder.

Sentinel’s previous fund, Sentinel Capital Partners III, closed in April 2005 with $319 million.

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