Thursday, 30 July 2015
Last updated 22 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…