Thursday, 30 June 2016
Last updated 5 hours 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.